Reading Time: 2 Minutes What’s up people! Of course, the word on everyone’s mind is “Coronavirus”. Boy, has the market been smashed!!! Yours truly is staring down the barrel of some whooper losses. Oh dear, oh dear. So what to do? Should we sell? Should we buy? WHAT? Well, I was talking about this with my e-penpal and thought it would be interesting for everyone if I shared our conversation. I haven’t told my penpal, but I’m pretty sure he won’t mind. TFS: Thoughts on the latest? Penpal: This seems like the biggie I’ve been waiting for. My mental model on this is based around: Back in early Jan I…
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February Net Wealth Update
Reading Time: 2 Minutes What a rollercoaster the month of February was! I think the main theme has got to be the Coronavirus. Specifically, it’s impact across the global economy and the associated drop in share markets world-wide. I think the vast majority of investors – professional or not, have been caught up in the volatility. I am no different, and the overall net wealth has taken a bit of a hit. If you want to read about January’s numbers – you can do so here. Net Wealth Important Notes The numbers (apart from the individual shares), are rounded given property is an illiquid asset (meaning values are not representation…
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Coronavirus – Time to Panic?
Reading Time: 3 Minutes “Hey let’s have pasta tonight?” “Sure”. And so off I went, like any good husband. In search of pasta. Lo and behold the sight that befell me at the shops: CLEANED OUT. Goodness, what is going on you ask? It’s because we are in PANIC MODE people. Coronavirus fever has well and truly hit. Now, I posted a couple of weeks ago on it (read here, and here) and it’s time to do an update. Because times have significantly changed since then. I’ll preface the below with the statement that it is my opinion only. You can agree, you can disagree but I hope you get…
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We Bought Again! (Final Part)
Reading Time: 4 Minutes Hiya boys and girls! Been a lil while since I’ve seen you in these parts right. Excuse me, as I got caught up with all the craziness that’s been going on this week. But I’m back! With the final part of our latest property purchase. You can read part 1, here and part 2, here. We’ll be diving into the nitty gritty of it today. The numbers involved and the pros and cons of the property. Numbers So we secured this two bedroom villa with an offer of $220,000. Like I mentioned earlier, it was on the market for $279,000 initially. Given it’s size, I certainly…
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We Bought Again! (Part 2)
Reading Time: 4 Minutes Hello again! Today’s post is the 2nd part of our latest purchase for the portfolio. If you haven’t read part 1 – why NOT?! Haha, read it here first! So, last time I went through my reasonings for buying in Perth, and how the market is finally starting to move based on the ground research. Mind you, I neglected to mention that initially I had my Sydney lens on when looking at property in Perth. Ummm… No. Sydney and Perth are vastly different markets. I mean, one starts with a “S” and the other… what’s that? Get on with it? I’m TRYING OK. OK fine. In…
