Australian sub prime mortgage market.

happy ending

 

pmsl

 

rate and lower fees,no lies and no debentures over other assets.

 

missed the boat (somewhat) on Macq bank...north of $70 this morning from a low of $61.90

as soon as my commsec account is activated im in

 

be carful stick to the top companies .Look for long term growth,bit like property (IMO)

 

yep whatever i do itll be 2 yrs + focus, top 100 stuff. Mix of Macq and resources stock interests me...

 

I LOVE property also........
Stick with bricks and mortar and you will be fine.

 

most of the wealth in this country has been made by profit being placed in property.

 

Thats right mate. Cant lose.........normally.

 

grab QBE before they announce their profit , stock will go through the roof ( it already has ) .

others are the banks , all are making a gazzilion

 

Bought it a week b4 the correction............ too soon as it turned out.

 

just hold it,long term .

 

That's what I do pretty much.

 

Pretty much the only way to do it.......

 

x1.

 

Not as interesting as trading; but it seems to work better.

 

agree that is what i have done with my super for years and years bought and held.

 

Thats true mate. I dont earn enough to risk it in the share market.
Property held long term suits me just fine.

 

are you two actually talking about the same thing, or has pap lost the plot again?

 

Of course we are!! Get with the program master P........

 

You just THINK property is safe. Unfortunately not old enough to remember the last crunch and 18% home loans.

Property has it's place but it has tons of negatives over shares.

 

as I said if you buy and hold ,if your holding costs are low(loan ratio)area has much to do with it,Melbournes better area's at the moment are climbing 1% per month at the moment ie 2,000,000 x 1% $20,000 or $5,000 per week.

 

one property we looked at end of last year got sold for $750k, it was listed for sale last month, and they want $850+. I'd be going to that auction just to see what sort of value our area is. but if they get what they asked for thats 10k per month increase in value

 

Have heard it all before man. Trust me, I am not worried. Not the end of the world if it does get back up to 18%.
PLENTY of guys have been through it and survived so I will be fine me thinks. Will be tough, but do-able.
And personally, I do not see it getting back up there anyways. Rates will come up a little more as market 'corrects' itself.
Thats about it IMO............but you never know.

 

yeah noticed QBE's movements recently....rather interesting. Biggest 1 day rise IIRC?

A split of my $$ between MBL/QBE/BHP seems like a good long term prospect

commsec account should be good to go within a day or two

+1