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A valid point - and it has crossed my mind to start a business and I do intend to have some properties in my portfolio. That being said I've never been as drawn to property as I have been to the market - I enjoy reading about it and talking about it with others (even though it can be a bit of a dry conversation at times )

For my last three years of trading I have thankfully been successful in not only maintaining my capital, but growing it at a rate exceeding the market index (my only loss being my first year of trading smack bam at the start of the GFC, portfolio loss of 4% overall). Beginner's luck? Possible. I don't have a defined trading plan yet but have been following a set of guidelines and beliefs about the market which up until now have been profitable for me. Whether they'll work in the long run i'll have to wait and see. I'm in the process of formally writing the guidlines/rules down and backtesting to see how they fare.

With regards to a business, I have been paralysed by indecisiveness - I have been thinking about different business ideas for about 5 months now and have made little progress in taking one of those to the point of writing a business plan and considering execution. You can make a business out of anything really, key thing is that I can't figure out and decide what

And then there's property... i'll get much lower gains (% wise) compared to my trading (based on average performance) however since it's leveraged via a loan i'll make more money as I'm making a gain on a higher amount of funds. So it makes sense to invest in property - but my concern is the level of negative gearing I would be required to take in order to make the investment worthwhile and then having to count on a capital gain. Should we actually have a drop in asset prices or the fact that I would need to wait several years before capital gains outweigh the cost of the loan over the long term, I don't know if i'm comfortable taking on that risk.

Not to mention that the median price is around 7-8 times earnings compared to 4-5 20 years ago it makes me wonder if it's sustainable or a bubble.

Maybe i'm over analysing things and just need to take the plunge and get on with it and whatever happens, happens.

<blockquote data-quote="KurwaJegoMac" data-source="post: 580226" data-attributes="member: 26709">A valid point - and it has crossed my mind to start a business and I do intend to have some properties in my portfolio. That being said I&#039;ve never been as drawn to property as I have been to the market - I enjoy reading about it and talking about it with others (even though it can be a bit of a dry conversation at times <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink&nbsp; &nbsp; ;)" loading="lazy" data-shortname=";)" />)For my last three years of trading I have thankfully been successful in not only maintaining my capital, but growing it at a rate exceeding the market index (my only loss being my first year of trading smack bam at the start of the GFC, portfolio loss of 4% overall). Beginner&#039;s luck? Possible. I don&#039;t have a defined trading plan yet but have been following a set of guidelines and beliefs about the market which up until now have been profitable for me. Whether they&#039;ll work in the long run i&#039;ll have to wait and see. I&#039;m in the process of formally writing the guidlines/rules down and backtesting to see how they fare.With regards to a business, I have been paralysed by indecisiveness - I have been thinking about different business ideas for about 5 months now and have made little progress in taking one of those to the point of writing a business plan and considering execution. You can make a business out of anything really, key thing is that I can&#039;t figure out and decide what <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite3" alt=":(" title="Frown&nbsp; &nbsp; :(" loading="lazy" data-shortname=":(" />And then there&#039;s property... i&#039;ll get much lower gains (% wise) compared to my trading (based on average performance) however since it&#039;s leveraged via a loan i&#039;ll make more money as I&#039;m making a gain on a higher amount of funds. So it makes sense to invest in property - but my concern is the level of negative gearing I would be required to take in order to make the investment worthwhile and then having to count on a capital gain. Should we actually have a drop in asset prices or the fact that I would need to wait several years before capital gains outweigh the cost of the loan over the long term, I don&#039;t know if i&#039;m comfortable taking on that risk. Not to mention that the median price is around 7-8 times earnings compared to 4-5 20 years ago it makes me wonder if it&#039;s sustainable or a bubble. Maybe i&#039;m over analysing things and just need to take the plunge and get on with it and whatever happens, happens. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite5" alt=":confused:" title="Confused&nbsp; &nbsp; :confused:" loading="lazy" data-shortname=":confused:" /></blockquote>

[QUOTE="KurwaJegoMac, post: 580226, member: 26709"] A valid point - and it has crossed my mind to start a business and I do intend to have some properties in my portfolio. That being said I've never been as drawn to property as I have been to the market - I enjoy reading about it and talking about it with others (even though it can be a bit of a dry conversation at times ;)) For my last three years of trading I have thankfully been successful in not only maintaining my capital, but growing it at a rate exceeding the market index (my only loss being my first year of trading smack bam at the start of the GFC, portfolio loss of 4% overall). Beginner's luck? Possible. I don't have a defined trading plan yet but have been following a set of guidelines and beliefs about the market which up until now have been profitable for me. Whether they'll work in the long run i'll have to wait and see. I'm in the process of formally writing the guidlines/rules down and backtesting to see how they fare. With regards to a business, I have been paralysed by indecisiveness - I have been thinking about different business ideas for about 5 months now and have made little progress in taking one of those to the point of writing a business plan and considering execution. You can make a business out of anything really, key thing is that I can't figure out and decide what :( And then there's property... i'll get much lower gains (% wise) compared to my trading (based on average performance) however since it's leveraged via a loan i'll make more money as I'm making a gain on a higher amount of funds. So it makes sense to invest in property - but my concern is the level of negative gearing I would be required to take in order to make the investment worthwhile and then having to count on a capital gain. Should we actually have a drop in asset prices or the fact that I would need to wait several years before capital gains outweigh the cost of the loan over the long term, I don't know if i'm comfortable taking on that risk. Not to mention that the median price is around 7-8 times earnings compared to 4-5 20 years ago it makes me wonder if it's sustainable or a bubble. Maybe i'm over analysing things and just need to take the plunge and get on with it and whatever happens, happens. :confused: [/QUOTE]

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