No doubt that's also very true but I enjoy the lack of work load required with property and the rental income which comes with it.
At 44 I've achieved my 30 year goal of 7 digit worth so I'm happy to sit back and take it easy.
Here's my hot tip - property.
Shares are an hobby.
Even with all the stamp duty and associated fees I've made way more with property than shares.
Our home has tripled in price which is good because we own it, not the bank.
One of our units has gone from $138,000 to $300,000 in six...
No. I've been doing it off and on for years. I only do it when I have some spare time.
I've made about $9k 06/07. Most of that since putting more time into it over the last month.
Every time I get into it I wonder why I don't get into it on a more regular basis.
I don't need to work but...
What's a $60 brokerage fee (buy and sell) when you make $1000+ in a trade?
I'm happy, it's a tax deduction.
Even in smaller trades a few hundred profit is a few hundred more than I had a few hours earlier. Call me Mr glass half full.
No offense taken, I'm not going to learn in I'm not told of my weaknesses.
I forgot to mention I don't use the entire $100,000 in one trade. I only use about half.
I've been trading shares for several years and eventually noticed the way the price of a share rises and falls over a short period of time. I used this with stocks like CBA and NAB to buy low and sell high. Sometimes I'd only hold the stock for a week.
I've now progressed to LHG who's price...
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