Interesting week,
‘Fark me’ typing this just as another so called expert comes on the tele to talk about the ‘housing crisis’ in Sydney, tip toes around reality because of agendas and as a group we all become a little bit more stupid, going to vent a bit here was not planning to.
This whole debate really is an assault on our intelligence, or maybe just me?
There is no political will to take this seriously while national interest is served thru the immigration of highly educated young people of existing means and x > y, why am I hearing everything but ?
X = homeowners, property investors, property developers, anyone who benefits from construction industry, high income earners.
Y = People of low to medium net worth who demand to buy in Sydney.
Z = Anyone under say 16 does not count as will not be front and centre at next election.
When Y > X or at least threatens to the following has to happen to have any meaningful effect;
Foreign investment (land banking) must be 1
st to go. (Approaching artform in Sydney atm, the number of unoccupied dwellings mind boggling).
We cannot be so stupid to rely on 2 things so Scomo can produce good economic data surely? There must be something other than resources and the construction industry that increases national wealth?
Negative gearing applicable only to new dwellings (off the plan exclusively no exceptions, but must be retained)
If I hear the phrase ‘we can’t take a sledgehammer ……’ again I fear I will become physically ill, last time heard was by Alexander in recent bi election in reference to making the 75% gains over last 3 years ‘unstable’ as above ‘fark me’.
Am a beneficiary of property boom but my kids are approaching an age (15 > 22) where they are coming to the conclusion I’m likely to be around another 30 to 40 years therefore they are completely screwed irrespective of how much avo they consume god bless them and talking heads with clearly transparent agenda’s delivering BS is really starting to get up my nose.
Anyway back to the market, with a bit of ‘fear and loathing’ creeping into the august journal that is the STT during the week.
Was amused by ‘Uncle Free’s’ brush with dark side of psychology when he submitted his post on what to look for concerning market corrections, a % of the forum took this as opinion not information, on realising this he countered with the ‘never ending Li bull run’ post to quiet the forum down. The motivation anyone's guess but any discount to his stellar coverage of AVZ area over last few weeks rightly should not be tolerated. (Free, this is the lounge, just a beer soaked observation
)
Talking of hearts and people I follow, don’t really participate in the ‘shell’ end of the market therefore while valuable info I don’t actively seek.
My strategy more $ gained as MC moves from 30 to 300m than % gains on a move from 10 to 30m.
I source a lot of leads from STT, they have already bagged but from a small base, my FA will advise if they are going concerns.
Stocks like AML, AUZ, AVZ, could go on and on.
Some people on this forum have great respect for, won’t deal in names but self evident in the intelligence and resultant research and opinions published. (you know who you are)
In saying this forums can also generate a lot of 'noise', something I am trying to avoid.
I do take lot of note of Top 20 and equity structures though, things like performance options, strike prices, time horizons etc can be nearer to the truth than other avenues especially at spec end, spending more time on 3b's and google.
Was looking around for a nickel play the other month, small handful of hopefuls but deciding factor was Top 20 makeup. (POS with Forrest)
Another I follow is Paul Cozzi, had success with GXY, SLX and now hopefully AJQ.
Anyway post not as intended, dummy spit cut into time allocated by better half, she is looking at me now in a threatening way.
She has a little 'girls group' going for investment, got into A2M about 2 years ago.
Asked my advice at the time, not bullish, but the 'girls' decided to invest anyway.'Well' talk about a major power shift in the household, shamelessly uses the outcome to her advantage in every way god bless her. (Hate that company)
Music, 'tear jerker' really? Inspirational? how about this one, little bit inspirational because it's pretty good and the book is superb.
