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?
does she know about it yet? i think having it sitting the corner of the living room and pointing it out to her every time she visits would pay dividends.
Found a $5 note BA15 in my change and it sells for around $1300 - $2000 range . Probably only a few used ever got to circulation .
What is special about this note?
Lipstick on the Queen…
plunging every cent I could afford to lose into the stock market last march on shares that tanked that made no sense, only wish I had been a little more open to risk and done more. several of them are in the 400% plus return after 12 months and every single purchase is up at least 20%
invested in being happy with what I got and not obsessing about money and investments etc, never been happier.
good for you, many of us though are able to do both! They are not mutually exclusive items.
ETH @ $150 average cost + a bunch mined in 2018-2020. Have enough to be financially independent now.
Crypto bought last year. Best would be Ethereum bought at 100+ usd each. Sold some at 4k each few months back still holding a bunch to the grave as i believe in the tech. Few thousand % in a year, can't complain. Dabbbling in NFTs and gaming tokens now. Going to be huge.
VTS @ 41.15% increase in the past 12 months
And… then z1p woefully underperforming to undo any good vts did
About a monthish ago I bought 685,000 shares in this for an average price of 46c.
I doubled it a few weeks later.
It's not my best, but its my most recent.
About a monthish ago I bought 685,000 shares in this for an average price of 46c
nice CGT brag ;)
Its honestly not a good outcome, I'm a investor, i don't often need to pay CGT in full. But lucky it's happened early in the FY so i have time to plan.
fab - sounds like you made a shipload on this - of the order of a $M profit if sold, etc.
you said you're an investor - now I'm wondering about the gambler tendency to brag about their wins
while concealing their losses - on average casinos make large profits
so the average gambler is probably losing on average
OTOH if you can flip for a $M worth of shares, maybe you have lotsa spare cash
gotten any JobKeeper $Millions lately ?
@Griffindinho: I’ll admit I have invested in HVN. In 2012 it was trading at property value, at $1.80 it was so bargain cheap, but I sold ages ago for a nice double.
gotten any JobKeeper $Millions lately ?
I’m thick, I I’ll take your question for face value. No. I don’t run a business.
OTOH if you can flip for a $M worth of shares, maybe you have lotsa spare cash
I don’t flip, and I do have a lot invested, gained it all investing.
you said you're an investor - now I'm wondering about the gambler tendency to brag about their wins. while concealing their losses - on average casinos make large profits. so the average gambler is probably losing on average
This is true, you are clever, sort of…the clever individual will probably think, if cloudy posts once about investments he might have done it twice, or more. So would look back and found the answer instead of wondering.
I can’t hide when I post my investment at the time of investing and my record is time stamped in public.
It’s very true most people here Ex-post, if I did I would say I bought $50,000 DDR in 2015 for circa $1.70 and today it’s $14 plus I’ve earned my capital in dividends. Whether that’s true or not no one knows, only me.
@cloudy: your writing style looks like someone who spends too much time alone - on the spectrum ?
that may be great for your focus on investment returns - don't know about relationships
when I saw DDR it reminded me of visiting East Berlin - crossing the wall - that was a whole different communication
hope you're happy.
too much time alone
who hasn't, what planet are you on to avoid lockdowns?…oh wait your in sydney, of course.
on the spectrum ? that may be great for your focus on investment returns - don't know about relationships
ouch, you're not very nice to people on the spectrum…do you have anything against autism?
hope you're happy.
Thanks, I appreciate your well wishes, one of the advantages of wealth is early retirement and it brings me joy to spend lots of time with loved ones.
Keep track of my posts, maybe you can learn something and make a buck too ;)
I don't think anyone here wants to hear about boomers boast buying up all the real estate
Bought $500 worth of ETH a few years back when it dropped 90 % in value. Now worth 12.5k
I bought Tiger Woods hats back in 2006 for $5 & was flipping them for $50. Also brought in the Livestrong wristbands from the US before Nike Australia. Bought for $1, sold for $30 a pop. Sold a few hundred back when eBay was good.
5or 6 years ago, i bought a house via auction for 300kish
Its 600kish worth now.
But i spent at least 25k for fixing here and there in the last few years.
Bitcoin @ $40 each
Wow, insane!!! I didn't get in until 2013, I watched it go from $0.10 to nearly $1000USD before I got in.
Have you sold or still hodling?
How much did you buy and how much is it worth now
How much money do you have in your bank accounts?
People should never disclose how much digital assets they've to family and friends let alone strangers.
Always practice personal safety first. The fewer people know that one hodl digital assets the safer one will be.
Gang snatches HK$3.5 million from Hong Kong cryptocurrency trader at knifepoint after she transfers digital tokens to ‘buyer’
https://ph.news.yahoo.com/gang-snatches-hk-3-5-164853264.htm…
yeah - an investment property - bought with almost no cash down using equity from an existing investment property
my spreadsheets using IRR (Internal Rate of Return) formulae, based on my cash down, annual net cashflow, and net cash if sold, showed about 96%pa growth for the first year, dropping to 68, 48, 35% in subsequent years, now 15 years later more like 17%pa, an average of 35%pa over the last 15 years.
the crunch comes when selling and getting a huge Capital Gains Tax (CGT) bill - unfortunately in retrospect, I sold an investment property last year so this year I'm expecting to be hit with income tax of about $200K just for that item alone.
otherwise my best financial investment has been milady - who has helped me make good decisions and avoid bad ones for many years now.
Best investment… bought SIR shares in 2012, cashed in big, got cocky then lost it all and continued losing more than $25k. This was my early 20s so it was a fair bit. Then went on a multi year learning bender and almost 15x back. This was all pre-covid. Not doing too well now missing out on crypto and gamestop like all the gun traders these last 2 years lol.
Anyway could say that $25k loss was the investment..
$80 worth of dogecoin in 2017, because i liked the meme.
Did buy other crypto?
There's no dispute that the investment over the last 10 years is Bitcoin. Nothing else comes close.
$0.10 USD to $45k USD from 2009 to 2021.
NB, I didn't buy in at $0.10, you can read about my journey here, https://www.ozbargain.com.au/node/613895
The next one is ETH, get in quick…should be double by Jan/Feb
I've already got a huge ETH position. I've been buying ETH more than Bitcoin over the last 2 months while the bears was trying to push the market down.
ETH will be at least $10k USD this cycle easily.
Sounds Great…
Purely due to ETH2.0? I think it's already priced in at present.
There's plenty of other smart contract solutions like ADA, DOT and the like.
@TheKas: Well, at the moment Ethereum is the most functional chain at the moment and is the most adopted. Time will tell whether others can over take Ethereum.
I hold ADA and DOT as well.
There's no dispute that the investment over the last 10 years is Bitcoin.
So what is the business? No revenue, no assets, no help desk, no profits. Lending something that doesn't produce anything (doesn't even work as a paper weight) for interest isn't revenue, it is just finding the greater fool.
Something for nothing sounds like a pump and dump scheme.
The business is providing a decentralised and censorship resistant network which will enable value to be moved across the internet in a trustless way.
Bitcoin has providing that for over 10 years.
Many investments are just finding a greater fool. A house bought for $1 million then sold for $1.5 million in 3 years without any renovations or changes. Why did that house increase by $500k in value? Its just also just finding the next greater fool.
The business with no office, no helpdesk, no help if you threw out your hard drive into the rubbish tip.
House you can live in (not that I am a fan). Bitcoin probably if you haven't got it stolen in a hack or threw it in the tip.
Digital gold will be dog as real gold. Not much real life use.
Just because you asked so nicely.
Coinbase profits surge following volatile stretch of cryptocurrency trading
KEY POINTS
In Q2, Coinbase brought in $2.23 billion of revenue vs. $1.78 billion expected by Refinitiv.
It also reported adjusted earnings per share of $3.45.
https://www.cnbc.com/2021/08/10/coinbase-coin-earnings-q2-20…Over the past month, the leading crypto game has raked in $84.9 million in funds for its treasury. The next runner-up, the Binance Smart Chain DEX PancakeSwap, earned $11.9 million. Even crypto wallet MetaMask, which boasts more than 5 million users, weighs in at number three with a meager revenue total of $7.4 million.
https://decrypt.co/76333/crypto-game-axie-infinity-has-gener…
The original and true cryptocurrency brings in the big players while the adoption of alts brings the retail money.
This industry will do to traditional finance as the Internet did to newspapers, VoIP to PSTN, mobile phones to landlines, Netflix to Blockbuster, Uber to taxi services, Airbnb to traditional accommodation, etc.
The technology used in this industry will change how companies can access and handle data while giving users the ability to control their data (ION project). Web3.0, IPFS and Permaweb are some of the other protocols used in the backend.
You seem to understand Coinbase is like CommSec. They make money on trading commission. That is their business model.
Because you are stock broker it doesn't mean you have to hold shares of loss making businesses with no revenue, no helpdesk, no profits.
Don't mix "adoption" with "I am just making a buck" a bit like Uber. They offer rides it doesn't mean they invest in a fleet of cars (because they can find people who are willing to).
Adoption actually means you can swap it for goods and services. Unfortunately all you can swap it for is the useless fiat it tries to replace.
Sorry, OP, your "significant capital growth" is actually not that significant if you compare it other investments. Graphed against my crypto returns, whatever your capital growth is, will appear like a horizontal line. Also, don't forget to deduct your costs, such as stamp duty, interest costs, other bank fees, lawyer fees and agent commission when you sell.
I had the choice to buy an investment property in 2013 or invest in Bitcoin, I'm so glad I chose the latter. I will never be able to accumulate my current level of wealth with investment property, even if I poured every cent I had and was making into more and more debt and more investment properties.
Just pumping.
In hind sight easy to just find an asset that fits. Would be sitting on a mountain of money if you take a big position Netflix, Amazon, Facebook, Apple or Google.
The question is how big is that mountain of money. Is it $1 million or $10 million or $100 million?
On the internet you can have a Scrooge McDuck vault with gold minted bitcoins that you swim in if you want.
Bought 500 pieces of ResMed at $8.626 in Jan 2017, up 333% as of today.
Sold out 2x my cost this FY, holding the rest. Only buying ETFs these days.
I purchased $10 worth of crypto few months back, sold them for $6750.
Bought a home that I totally didn't intend to buy, because I thought it would be way over my budget, didn't even bother to go to inspection. On auction day, I didn't go to the auction but on the way back from groceries i remember about it and opened REA app to check the price, to my surprise it was passed in at $150K less than what i thought it would be, called the agent and bought in 10 mins. That was 2015, now it's worth more than double, so i have a paper gain of 700K and I have the possibility to subdivide the block into 4. That might be something i will look in the coming years. Subdivide and rent it out, hopefully i can retire.
Put $1 in a pokies machine and walked away with $180
Afterpay @ $2 sold out at $144 (brought me to millionaire status)
Pilbara @ $0.21 still holding at $2.4 right now (up $300k~)
~100x
$OMI - Ecomi crypto
VeVe on the app/play store that sell digital collectables (NFT)
They signed DC and Marvel
Plus the other crypto stuff, but this the best.
No other investment beats crypto.
ps5s
Not the best investment I've made but one of the more interesting.
I had GIO platinum car insurance which has lifetime new for old replacement. Strangely I could set an agreed value, which I put as low as the slider would allow which brought the premium down. This year the insured value was around $20.5k.
I bought the car for $59k. Just got a pay out of $74k.
I am totally amazed they didn't try to find something in the Ts & C's, but that is an amazing outcome. Were you expecting it?
I was wondering if they would only write it off if the repair bill exceeded the new car value, but I'll never know. Was dreading a repair.
Was half expecting them to find something in the t&c to get out of it but they were actually really very good to deal with, putting up no resistance through the whole process.
Although not intentionally for gains, I bought a house last year on the first of March. It's increased in value by 30-40%.
Not sure what I'll do with the value, I really like the house and don't see myself leaving it anytime soon.
no one mentioned buying a $80,000 sports car to impress work colleagues and land a promotion? c'mon folks - its obligatory
80k sports car won't impress you neighbour's dog
This thread is great for people to realise that before we jump on a OzBargain deal we might all be best served to wonder if we need the new gadget or discount thing just because it's cheap. Some examples here where money is 100x returned would ultimately lead to us to have much better lives. That's what I take away from these stories.
Bought an investment property last year and now has been valued $250k more by a bank and they're generally conservative!
But I'd say the best investment was in my own self education (not uni!). It helped me start a business which enabled me to leave my job…now earning a lot more and happier too.
SpaceX series H.
Item thats gone up most is value is my boxed Paper Mario for N64, last I looked they are going for $1500. Believe it cost me $110 at GameMania on release (because it was the last N64 game, it had a small run in Aus).
Similar my $50 pokemon TCG set is now $500, free Mew card from 99 tour showbag is a few hundred.
Purchased a house March 2020 start of global COVID for 1 mil in Sydney. Renovated it probably spent 110k. Now valued at 2mil as of this week. Unbelievable.
Bitcoin @$4,600
Investment property that went up in value $75k once valued when the build was finished
ADA (Cardano) at $0.20. Currently up 1352% at $3.03…. for now.
XRP also doing very very well for me.
Still holding TSLA I brought last oct. Got 16 units at 440 a share
My PPR has doubled in 8 years since I purchased it, but so what? I can't sell it.
A tombstone for the mother in law