Medium Term (18 - 24 months)

[sabre_ac]

If you had big purchase (Like a house) in 18 to 24 months and had some cash (10 - 20k) to invest now, what would you do with it?

1. Put it in a term deposit and play it safe?
2. Buy some blue chips
3. Put some in cash and some in blue chips
4. Hold off for a few months, let the market settle and then buy stocks


The temptation to jump into some of the blue chips that have taken a hammering over the past 12 months is strong....

 

[James23]

Definetely without a doubt hold off, the market isnt close to settling yet. Were in the eye of the storm, watch things get catastrophic later this year. Beginning of 2010 would possibly be a good time to buy some blue chips. This market crash / depression is an opportunity of a life time if you know what you're doing, and making the smart decisions now could set you up for life.

 

[James23]

Oh and hold off buying houses for 2 years. 30-40% property crash coming.

 

[Brad Goodman]

And don't drive a car when you're drunk, that will also crash.

 

[fairdinkum]

Oh and hold off buying houses for 2 years. 30-40% property crash coming.

How long have you been saying that for, now?

2 years?

 

[James23]

How long have you been saying that for, now?

2 years?

No actually. Until very recently, i've never given a specific time frame for this.

 

[fairdinkum]

No actually. Until very recently, i've never given a specific time frame for this.

The even softer option.

 

[James23]

The even softer option.

Nope, just havnt felt the need to give a time frame, as it is something i cant be sure on. Somehow, i think the predictions i give are far from soft.

But im predicting it'll get messy not long after the government finishes artificially rising the property market by giving out money to unsuspecting first home buyers.

Add to that, the next phase of the stock market down-turn later this year, more people will lose their jobs.. most likely many of the first home owners. Furthermore, banks wont have as much money, will be more cautious of handing out loans.. All leading to real estate being hit.. in a big, big way.

 

[fairdinkum]

But im predicting it'll get messy not long after the government finishes artificially rising the property market by giving out money to unsuspecting first home buyers.

And when do you think this will occur? When will the gov stop handing money to first home buyers?

You are implying that they soon will. I don't think they will for a looooooong time.

Add to that, the next phase of the stock market down-turn later this year, more people will lose their jobs.. most likely many of the first home owners. Furthermore, banks wont have as much money, will be more cautious of handing out loans.. All leading to real estate being hit.. in a big, big way.

So we've been hearing for the last couple of years...

 

[Cranky Franky]

SOOOO Frustrating, wrote a long reply and the session timed out

Not happy Jan!

Anyway, I said that I agree with James23 that things are going to get worse before they get better.

There are a lot of over extended people that wanted to take advantage of the grant and those loans will come to roost once the GFC gets worse. I might be a pessimist but I really believe that you should hold fire for 18 months

If you are in the market you should look at a site that compares loans like this one:

http://mozo.com.au/home-loans

 

[James23]

So we've been hearing for the last couple of years...

I was bang on with the September crash last year, actually. I warned people on here before it happened.

Since then, i've stated that i think similar scenes will be seen again at around September / October of this year.

I dont wish to be so negative, but i am a realist and this is what i think will happen.

Put me on ignore if you dont like what i say.

 

[fairdinkum]

Put me on ignore if you dont like what i say.

If I ignored everybody on bigfooty who expects a property crash 'some time soon', there would be hardly anybody to talk to on the SRP board.

 

[azreal]

I do recall reading a prediction by you well before the crash, then the crash happened and I went back to find out which poster it was that actually was predicting it...Got any other tips????

 

[James23]

I do recall reading a prediction by you well before the crash, then the crash happened and I went back to find out which poster it was that actually was predicting it...Got any other tips????

Stock up on cans of food

ADX is my tip, as stated in the sub-forum of this board.

Also, stay out of the market September / October / November IMO

Or you could be smart and short it