AnT ([info]ant8472) wrote,
@ 2006-01-04 14:29:00
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2005 and beyond
Highlights of 2005:

Being at the World Cup qualifier between Australia and Uruguay and sharing in the excitement
Buying my 1st home and moving into it
Financing my upcoming second home
Being at the game where Parramatta won the Minor Premiership in the Rugby League
Winning on Makybe Diva in the Melbourne Cup
New Years Eve Fireworks from Luna Park
Day trip to Brisbane to see properties and touring
Trip to Canberra
Trip to Jervis Bay
Harbour boat cruise with cousin
Foxtel & Cable internet
Birthday BBQ with family and friends
Regular exercise and improving health


Downpoints:

Pressure at work (and the rest)
Time constraints
Not getting to Perth to catch up with old friends and not keeping in touch


New Years resolutions:

Higher salary
Satisfying work
Weight loss and health
Purchase 2nd home
Trip to Perth

Lessons learnt: If things start badly at a new job they are unlikely to improve.
Weight Loss happens the fastest when combining exercise and an improved diet.
Invest in property. Safe as houses.
Nothing is more important than your happiness and catching up with family and friends.


What where your highpoints, downpoints and lessons learnt in 2005? What are your resolutions in 2006?

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[info]ant8472
2006-01-09 02:59 am UTC (link)
I'd have to write a book to answer your questions but I'll be as concise as possible.

1) Property is one of the best investments in terms of maximising returns and minimising risks. This is also in terms of short fast term gains. Notice everyone gained in the boom? Yet the risk is almost non existent. This is rarely the case with shares.

2) Negative gearing. Im on a high salary and I pay a lot of tax. Investing in property is a good way to optimise ones tax position and you can still add other forms of investments to the portfolio. Ive acquired a great deal of information on the intricacies of negative gearing but it's beyond the scope of LJ. Im in a prime position to take advantage of it and minimise tax while earning capital gain on an investment property.

3) I earn a salary therefore I cannot gain the benefits of using other business vehicles like a trust, company or other forms. It's got nothing to do with balls. Some of my relatives think I've got balls for buying 2 houses in one year.

4) The best way to maximise the returns from investment vehicles that earn ongoing cashflows is to re-invest those cashflows into the investment to compound future returns. Therefore, whether investing in shares or property the most optimal strategy is to reinvest the returns. Liquidity from real estate has improved with the ease of access to equity in properties.

5) Leverage. You can't borrow anywhere near the amounts of money to invest in other forms of securities as you can with property. 10% of $250,000 less interest repayments is more profitable than say 10% of $20,000 on available funds. Leverage is also beyond the scope of LJ. I wouldn't know where to begin.

5) There are no guaranteed investments. No one can invest $150K a year and be guaranteed to return a million dollars a year at some stage in the future. In case of misconceptions, I don't earn $150K a year.

6) The debate between whether shares or property are a better investment is one that is ongoing between professionals and experts so neither you or I, can assert to the other, with any authority, that one form of investment is better than another.

Lastly, if you think the only people who profit from property are the banks then you should read about the boom we had between 2000-2003 here in Australia. It was BIG. Im surprised you missed it. Every one of my Italian relatives made a fortune in property investment over the years so I can't agree with you just on that one peice of observation Ive made around me. On the other hand, I know a lot of people who've gone bust on shares and other forms of investments.

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[info]ant8472
2006-01-09 10:36 am UTC (link)
I think you are delusional and absurd and it's quite infuriating. I've always seen you as one to project your own inadequacies and lay contradictions bare in the most transparent way and this is just such an example.

You send me a conceited and know-all response to an entry that is little more than a recapitulation of the past year and some events that have highlighted the year for me.

You assert an assumption riddled point of view of how I should invest my money without having the true knowledge and credentials to know the substantial differences between alternative forms of investments. You did this despite the fact that it's my life work to know investments, finance, economics and accountancy while you have spent your life writing code on computers.

There's nothing wrong with giving a friend some friendly back-slapping advice but even blind freddy could see that your response was full of judgement, belittlement in a conceited know-all manner. This might be less absurd if you were giving it to a buddy in IT but to give it to me, someone who gets paid to know this stuff is testimony to how delusional, arrogant and conceited you are especially to have to audacity to use a character reference of 'having balls' to engage in a form of investment that, through misguidance, you believe to be superior to the investment path I've taken.

Rather than give me a friendly, modest point of view and use a tone that suggests that this is just your humble opinion in an area, that most likely, I possibly have more knowledge that you in, you feel so strongly with surety that you know what you are talking about as to avail yourself to telling me that my investment is a poor choice and had I the balls, I may take a different path.

To be so sure of yourself as to make a character judgement on me must be close to the highest form of arrogance that could offend any reasonable person. Go back and read it and try and use empathy in doing so. Imagine the roles were reverse. More so, imagine that I then tell you what you wrote in your above response.

Rather than posit a modest, friendly opinion in an area you should acknowledge you most likely have less knowledge on than me, you give me an arrogant conceited know-all opinion with the audacious liberty to insult me about my choices and point out that I could do things differently and more optimally if I had the balls.

This would be an obtuse and insulting line of response in anyone's book. Considering your belittling and insulting response I thought I was quite reasonable and civil in offering you my own opinion which is informed with years of academic and professional experience even if there was a dash of sarcasm in parts. I certainly didn't 'fight fire with fire' in my response to your arrogant and conceited entry. You probably would have deserved words that are more tenacious and aggressive than the ones I delivered which were more like a patronism of the inadequacy of your strongly stated and unwarranted opinions.

And for all the absurdities and anomolies of nature you tell me that I need to spend more time with confident people and less *angst* ridden people? I would have thought derision is fitting of your initial response and if I may say so, much of what you say is often riddled with sarcasm and derision. I'm tempted to tell you how much consensus there is about this particular trait of yours but I have to abstain. If you can't see how insulting, conceited and arrogant you are then perhaps it explains why you project this on others around you.

Take a good hard look Dave, a good hard look. A middle aged man as blind as a child.

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[info]ant8472
2006-01-09 11:39 am UTC (link)
I am compelled to respond to some things you said in this particular entry. The purpose of this is to illustrate how wide your assumptions are and how completely and utterly misguided and foolish your beliefs are.

My time is mostly spent with Rachel, Gabriel, Shaun and my sister amongst others. Those are the ones I would say I spent the majority of my time with. The only academic there is Gabriel and he certainly isn't academic because he is educated via University seeing as he dropped out of school in year 10. He certainly isn't unconfident or angst ridden either. You can hold your opinions about Gabriel by the way. Don't mention them because I discount them on the basis that I think they are formed for the same reason you have formed negative opinions about me - you are threatened and he triggers your insecurities.

You know Maria and I am sure you know she isn't an academic. Shaun dropped out of school in year 10 and is a down to Earth guy. Rachel isnt what I would call an 'academic'. She is intellectual and intelligent and sometimes angst-ridden but hardly qualifies for what you are attempting to describe. My time in University was kept mostly to myself because of my absentee habit and study at home attitude.

There is no one else you could be refering to unless you are referring to the relationships I have in my working environment in which case you know absolutely nothing about. Should you even blindly fire away your obtuse opinions about how my colleagues may affect me you can't even be sure that I associate with any of them closely enough for them to rub off on me. The only thing you need to know about the people I work with is that they are successful and generally happy people.

You can't possibly be referring to people I have mentioned as having made a lot of money in property because they aren't academic, having finished school in their teen years back in Italy.

You have absolutely no basis for anything you are saying about me except my words to you and your personal experiences.

You say my words here and in personal conversation are always with sarcasm and derision yet I have many friends, which you know from your own attendance to my barbecues. Many of them are easily provoked Italians yet I've nevered suffered a personal conflict with any of them, both friends and family. I am normally seen as a respecting and attentive individual amongst my peers.

If I could make a tentative opinion here it would be that your insecurities warp your perception about my behaviour. I responded to your initial entry about property investment with some substantial points about property investments. You didn't seem to like this and it didn't matter that I made some valid points, all you got out of it was an erratic, and I would assume, an impulsive opinion that I don't spend time around confident people, am sarcastic and derisive and am an unpleasant person, despite the continued stability, affability and strength of my personal relationships.

Could it be just you Dave? Could it be that your fragile ego was hurt by my response to your gun-ho knowitall delusional and conceited comment on property that fuelled you psyche to update your perceptions of me for the worst?

Im going to go out on a limb. I think you are a jealous and insecure guy. Whenever I am up, you try and bring me down. The only time you are supportive is when I am down. Often, it is your comments, with the exception of Cuzza, that are the most insulting, offensive and belittling on my journal. Whenever I write an entry I often consider that you may reply and I am often half expecting it to be aggressive and belittling.

Something fuels this and I doubt it is my shortcomings.

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