....or just set up your own US trading account...?
Just need to get around the W8BEN forms etc.
Just need to get around the W8BEN forms etc.
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And IMHO whatever approach you choose make sure it atleast beats the broadbased index (aka S&P ASX200/300) over the long term. Otherwise you are just wasting your time and energy.
It is very important to measure your approach constantly and only pursue it if it can consistently beat the index. It might seam obvious but lot of people forget to do this. History has shown over the long term 15yrs+ it is very very hard to beat the index.
Cheers,
Oracle.
I think it's useful and interesting to compare yourself to a benchmark index, but remember we are not like many fund managers or institutional investors where their paycheck may be dependent on how well their investment portfolio "tracks" against a benchmark index.
As individual investors I think the main thing is to determine what your overall objectives are and to invest in a way that allows you to achieve this.
If you want your investments to generate an income to live off and pay bills, then whether or not you beat a particular benchmark index return in a particular year is not necessarily going to make it any easier for you to do this.
If you want your portfolio to generate 50k pa, and at present it is only generating 30k pa, then you are under-performing according to your particular objectives which meet a specific need, or "liability" I think is the industry term, and this seems more relevant to me.
Whether on not that results in you beating the index or not may not be that relevant in the scheme of things.
And if you are not interested in income right now, and just want to focus on the total return, remember that at some point your objectives may change and your current setup may not allow you to meet your future objectives/liabilities that easily.
That being said, if you have several millions invested, then it doesn't really matter!
If you go in , spend some time learning and don't go in with anything you cant afford to loose .
That?s not really going to work... you?ve got to take some risk to get some return - in property or stocks. The risk is similar, though more chance of losing the lot in property because of the increased leverage. Property and stock losses in the GFC were similar but stocks have recovered quicker.....and don't go in with anything you can?t afford to lose .
After an 8 year cyclical bull run, I am playing things quite boring at the moment.
That?s not really going to work... you?ve got to take some risk to get some return - in property or stocks. The risk is similar, though more chance of losing the lot in property because of the increased leverage. Property and stock losses in the GFC were similar but stocks have recovered quicker.
Sure, but?
How can it be an 8 year bull run if the bottom of the GFC was Feb/March 2009? And the top of the previous run was Nov 2007?
See ya's.
This is absolute gem of a thread with a lot of great input and attachments for further reading. Could almost make a book out of this thread alone. Thanks to all the contributors.
There has been talk of problem tenants and management hassles with RIP. I agree with see change that the better quality properties mitigate that risk. My Sydney properties in randwick, clovelly and Leura have had minimal tenant issues in the last 10 years. That's another great advantage of buying "blue chip". A 50/50 mix of quality income from quality tenants and share dividends is the goal for me. Doesn't make for exciting talk around the BBQ which is another KPI for me.
After an 8 year cyclical bull run, I am playing things quite boring at the moment.
Margin loan is low by historical measures and I also have a cash buffer of 15 % in different countries making me squat all (I prefer a cash buffer and margin loan together, if I cancelled the cash then the loan would be much smaller but that's just me)
My High Yielding Securities Currently are:
Reckon
MYOB unsecured notes
Prime Media
Seven West Media
Cabcharge
Myer (just entered today)
Programmed Maintenance
Alliance Aviation (entered a week ago)
Mc Millan Shakespeare
Asian Data Centre REIT
Growthpoint Property REIT
Folkestone Social Infrastructure Trust
Overseas high Yielding:
Bank of China
Industrial and Commercial Bank of Chin
Agricultural Bank of China
China Merchants Bank
CTC Media (Russian Media Company if you have never heard of it)
Hope this might be of some use