Hi All,
I've made a property investment 3.5yrs ago and have seen significant capital growth (I secretly regret I didn't invest enough).
So that made me wondering what was your best investments and how much percentage/times?
I would be grateful to hear about Oz-bargainers financial strategies?
playing Dogecoin and good return finally this year, from 0.001 to doesn't care now how much per coin now.
Still 1 doge worth 1 doge. Zero gain ;)
stILL 1 DoGe woRtH 1 DogE. zErO GaIn ;)
Accidentally bought $500 of doge in 2016.
Besides crypto (like everyone) I bought parcels of land for <$10k in a mining town when the mines had closed down. Years later those mines are running again and the land is selling for $50k+ ;)
What if they didn't reopen?
Easy to boast in hindsight, or did you have some special knowledge?
A quick look at history says everything you need to know. The mines are still profitable and there's plenty of ore to be found. The problem? Incidents occur (sometimes resulting in death), they shut the mine, everyone moves out of town selling everything cheap and years later another company comes in and takes over.
Wash and repeat. I guess you could call it special knowledge. I am in no way a "local" in these towns, but have certainly spent enough time there on business and camping road trips to know the locals.
How can you comment on your best financial investment without hindsight? It would literally be impossible to respond to the topic.
And some background into that investment is not boasting.
What I meant is: if you won the lottery and boasted about it vs Warren Buffett stockpicking for 50 years and returning ~20% p.a. and boasting about it. One is a random process and the other is skill based. However, it's easy to mistake luck for brains.
That's why I asked if he had some special knowledge to elaborate.
That sounds good. Was the land useful for anything else while no mining, ie did it have any structures, house, suitable for camping, water, fishing, dirt biking, etc? Far from home?
A mix of empty plots and some with sheds. I let the neighbours use the land for their horses free of charge due to the lush grass. Otherwise they're good plots for camping. They weren't particularly large either.
Ethereum and some other alts, made a absolute shit tun of money.
I played the Forex game a little, made over 14k in a couple of weeks, then lost it all and more. Lesson learnt…..
Placed a bet on Tom Gleason to win the gold Logie, doubled my money and cashed out nearly $1900. I used the money to buy a new Queen size bedroom suite, and now every time I root I think about Tom Gleason and then I go #HARD
Bought about $100k in afterpay at $8 a share. Now acquired for $126 a share. You do the math.
Thanks a great investment.
you already rich if you buying 100k in a stock so low…
A toyota landcruiser is 100k+.
Yes. Having 100K to gamble on one stock is a risk - so either they had lots to gamble or they were lucky (and probably foolish, but lucky).
The greater the risk, the greater the reward. The next million dollar question is, which is the next afterpay.
@htc: While true, it doesn't really scale evenly. Picking individual stocks has a way of reverting to the mean. Most people who pick individual stocks (who don't have insider knowledge) end up performing no better than just choosing an ETF. Basically, you get lucky sometimes, but on average you get an average result.
The greater the risk, the greater the reward.
it's actually the other way around - greater the reward, the greater the risk. Just because you took risk, doesn't mean it is always rewarding.
Nice. The CGT must have been killer.
SMSF.. 15% CGT discounted by a third due to the 12 month rule
Man you are lucky! @Dual CGT is halved after 12 months to 15% on shares.
Where did you pull this 15% from?
For some reason I though CGT was a set %, just reading now it is calculated on income.
You do the math.
$1,575,000 for those playing at home
That's nothing. My CGT bill would be more than that.
Thats nothing….my caviar bill would be more than that.
Isn’t it 1 475 000?
12500 shares x 118 profit
Yep $1.475m is the profit.
Nice work. I feel like you're omitting the real valuable insight here. What made you make this move?
Personally I loved it because it's a fundamental reframe of an antiquated service (lay buy) and an incredible story stock. Advised everyone I know to ditch ZipPay in favour of Afterpay. None bit.
With a decent amount of cash in the offset account, I reflected hard. Wanted to prove my financial game. So I decided to keep paying down the mortgage instead. Slow applause pls.
ill never be a great businessman because I look at stuff like afterpay and think wow, what a rip off and useless product. I will never use that.
I always forget that there are lots of idiots out there :/
I still use afterpay, especially with my Amex. I get the points, the merchant gets another 3-7% tacked on (was good with APT stock), and it's interest free money. No brainer. The Amex is a charge card and gets autopaid every month as it is.
If you had the discipline to hold on from $8 right through to acquisition then you deserve every cent.
Happy to accept second hand stuff, some brand new, especially kids' clothing, etc., … for free.
I played this weeks 80m Powerball Draw with 'Play the Field' for $24…
I am going to HODL to either zero or $80 million.
2 12 14 18 20 25 35 PH <- My numbers
I am going to HODL to either zero or $80 million.
$40 million if someone else plays the same numbers.
I hope the numbers come through and some other OzB'rs or ass few can share in it tbh.
We may as well save some money by splitting the $24.30 and just getting one ticket.
Down for OZB syndicate.
4 8 15 16 23 42
Good luck watwatwat, fingers crossed!
Do you want to do a deal. If either of us win the 80 mil, we each will give each other 1 mil? So if I win I'll give you $1 mil and vice versa?
I'd be willing for this arrangement even jackpots as low as 20M perhaps even less
Edit - looks like 1 winner tonight.
Don't do it…
Don't wanna end up on a plane with the smoke monsters.
I don't think you know what HODL means. It's an all or nothing event and becomes useless after the draw date. It's not like if you hold on to it it'll appreciate in the future.
I could get a refund on my ticket now, or I could hold onto it. 3 options. It's a HODL event. In any case, I'll buy you a ape from the BAYC or something of similar value if I win.
Now you published those numbers someone else might start using them so you gotta never use again unless you want to share that prize.
If you think that is unlikely - well it's a lot more likely than actually winning.
Good points. I just played these numbers for this draw, but I def' get your point :) Imagine if 100 OzB'rs won though.
Bad news, all, I lost.
House 16 fold after 30+ years.
Bitcoin 6 fold after 6 months.
Which suburb? Impressive!
Newcastle.
Best "sure thing" Hair clippers. Cost about $45 for some Wahl clippers and saves me about $30 (after tax) every month or more frequently when I use them.
Best speccy was Ripple (XRP). After doing a PoC at work I bought Ripple at US0.6c and sold at various levels at US$2-$3.
Best by absolute gain is residential property leveraged at 80%.
Best risk/return is index ETFs. Not concentrated on a single asset, favourable tax circumstances.
Depending on your ability to pick a low fee fund, view on government risk and timelines I'd say maxing Super.
I beat a Vegas casino.
While waiting for some colleagues to go to the buffet, I put a $1 note in a poker machine near the entrance and won $20. Cashed it in and never gambled again there.
(Plus work paid for all the accommodation, food, etc, so I barely spent a thing the whole trip.)
Bought 2000 Resmed shares in 2014 - have increased by a factor of 6+. Still have them.
Moving my super to HostPlus in 2005. Returns have been excellent.
Won first prize of $7k in Red Energy NRL Tipping Comp in 2019. No Cost to enter.
On a personal level, moving from the UK to Australia in 1980.
Spied an "over looked" (famous) artist rendering in an auction. Bit $10 and won.
Now worth 20k
Basketball Cards, helped me to pay the small percentage to buy our 1st house
Hey you're that guy on NBACMA…
Hmm….many of us on that forum/page mate 😉
Bought land for 355k in the top of wollongong built on a sloping block 4 bed 2 bath double garage brick home for 327k + 20-25k in after closing expenses like driveway and flooring etc. Sold for 985k top of the market. House is probably worth only 900k even now after 4-5 years since i sold it.
Got Inheritance Money in Early 2008 for $300k, I Had a House mortgage Back Then 400k.
Mid Year 2008 ( May or june can't remember exactly ) Our dollar was on par with The US dollars.
Converted the whole Lot to US dollars. Got Like $299k ish as i predicted surely this must drop sooner or later.
3 months or so Later US dollar got to $0.65 and i converted it back and got $460k Oz dollars.
Paid My Mortgage Plus a Nice Holiday and a New Car.
$160k In 3-4 months and it felt Surreal.
Good Old Days.
$160k In 3-4 months and it felt Surreal.
nice… would have been an impressive CGT tax return entry to do :)
Haha!
What CGT lol
All was done overseas before it hit My oz bank ( which i had to explain it was inheritance )
Ah so tax fraud, nice one!
@DollaNsense: So you traded inheritance from AUD to USD when it wasn't in your name and then traded it back to AUD.
After trading it back into AUD it was then transferred into your name.
Am I understanding that correctly?
@JelIyfish: The Inheritance was from my Grandfather who passed away, It was passed to my Dad who doesn't live Here. It was for 1.5 Million AUD between 5 siblings, so i called him and told him to convert My 300k share and converted back by the end of 2018. Once it was converted Back to AUD he did the paper work for inheritance then transferred all the money to me and my siblings. 300k each to my siblings and 460k to me. If i have done it after he sent the money and did the inheritance papers i would have paid CGT and higher income Tax too, i would've got peanuts after the taxes, and yes My sibling were pissed off for not telling them about the "conversion" ( which i did but called me Crazy ). if get $1 Extra siblings acts like 6 years old " Not fair why is he getting More"
@Typical16-bitEnjoyer: Correct. My dad was the Estate executor. Since it was done in a country that has no Taxation for capital gains for Currency exchange i went with it after checking with my accountant
@DollaNsense: It could have easily gone the other way and I can imagine the siblings would be crying for blood if everyone got back only 150k instead of 460k. Awesome job though :)
buying options on US steel stocks back in feburary, sitting at 200% profit now, but likely 500% by the end of 2021
Sydney Real estate.
Have traded up every 5-6 years with the price doubling each time.
user name checks out then :-)
NVAX on NASDAQ. Buy the dips. I have made between 10-20% increase in play portfolio worth (Around $1-2k) 4 times now in the last 2 months. Sure, I lost a lot of it on AMZN and WIZ, but you live and learn. I find with NVAX, buy the dip, hold 2 day's and sell. works for me. I Seriously suggest people research the stock market and even if they are worried, just put a small amount in (that you are comfortable losing) and count it as tuition fees and learn from your mistakes. Also, a word of warning, be careful with pharmaceutical companies (particularly end stage clinical trial) if you don't understand the mechanism of the trial drug and disease. Yes, there is massive gains to be made, but also massive losses.
Some of my sources in general (for those trading already, that I like, what I use alot)
Yahoo by far my favorite site
[FINWIZ}(https://finviz.com/) Great for pictorial views and upgrades / downgrade of stocks
Zack's Anaysis
Premarket Screener
Webull
Tip Ranks A feeler
For books Stock Investing For Dummies, 4th Edition PDF download from google is nice
I also use Stake and I like it. I am a UK, AU and RU national and registered my account in the UK (Stake is in Australian, NZ and UK) under my clan name (long story), so yeh, no ATO
3 Nintendo Gamecube Component cables for $50 each 8 years ago.
Tesla. I think I'm up about 15x at the moment and not selling for a long time yet.
The worst thing I've ever done is sold property…. Twice…. The lesson is, never sell. Ever.
House or apartment?
February this year invested $420 on a 2 day course for a forklift ticket for myself and walked into a nearly 6 figure forklift job. Pays $500/day net after tax. Work 11 or 12 days per month.
4 weeks in a mate asked me if there were any jobs going at my work. He rushed out and got his forklift ticket, I referred him, and he landed a $90k/year forklift job in under a week.
That's a good one, especially as it's a consistently good return.
Thanks. Had been out of proper work since losing my IT job in March 2020, so making up for lost time :)
That's good coin. The best part I'm guessing is once you leave work there's no chance you take it home with you. Clock out, clock in next shift. Your time is your time.
Yes this. Go home and wind down watching a bit of telly after shower and then sleep. No thinking about work or open cases to follow up tomorrow and no office politics. And because we’re paid very well we each have our own personal moral obligation to make sure we earn our crust for the company. I’m finally saving up for the root canal I put off for over a year because I didn’t want to dip into my $10k super I withdrew early as my stopgap.
There’s also comradery with the guy following on your shift and picking up after his. The work is easy (as in we have set tasks and duties that are never repetitive or tedious) but it can get pretty busy that we can’t complete everything in the 12 hour shift. We usually do as much as we can to make it easier for the guy on following shift. When I get an easier following shift because of the previous guy he is the real MVP, and vice-versa.
I have to ask what or where this job apparently is. I have only ever seen $25/h forklift jobs advertised myself.
I bought a 'broken' laptop for $40 that I resold for $1200 just a few weeks ago. The guy was telling me about how he tried to get it to work but nothing did the trick.
It just needed RAM put in. It's possible there was another gremlin that was stopping it from booting, but I didn't even have to crack out a multimeter or anything.
Tesla anyone? First big investment by my standard( won't mention the actual amount as too small by others), 200% at one point…next is the Oil ones bought last May …
Tesla were the first shares I ever bought. Was and still is a large chunk of my portfolio.
Tesla as it dropped down to about $42 ($180 pre-split) leading up to when Elon was first on the Joe Rogan podcast.
Earlier this year as bitcoin took off, stock/tokens in a crypto exchange. Their dividends kept increasing to >30%, yet the price was slow to follow the increasing activity in that sector. Started buying in from $1.20, started de-risking from the $7 to $20 range.
Seems pretty dumb, but buying further into index funds after the fed saved the stock market, has seen +50%
A 2015 model car I bought in late 2018.
I've added 50k kilometres and the warranty is much closer to expiring, and yet its now worth more than when I bought it.
Strange times.
Please share which car and model you bought, how much. Thanks
If you can, sell now. Used market is crazy due to huge wait times for new cars.
Good one.