Ladies and Gents,
I am 29 and have decided to get my long term finances in check as the decision to stay away from real estate is a full gone conclusion. I dont have a super advisor and just want to run this plan by anybody out there:
Already I own $120,000 in QGC, hold $87,000 in cash after MAP/BOC sell off and $14,000 in AAE Plus a significant Short play in TLS. I recently lost $10,000 in ETC and have shocking credit and have lost my credit cards, a mortgage scares me to death.
My Bricks and Mortar Alternative:
I am a $750 a day chauffeur comfortably able to place $10,000 into my personal super monthly post tax on income. As I am without Frau and like it that way I am cool to save now.
Every month I am going to be entering equal amounts of these stocks into the account:
ANZ-BOQ solid financials
BHP-GRD big time minerals/gold/engineering
QGC-AAE outstanding new energies plays
GPT-WOTCA worked in their buildings, like their work
WOW/DJS/REB best retailers in the world
PPX absolute bargain at current entry levels
Over the next five years I will have $500,000 equity and if a yield of 7% is sustained, before factoring in capital growth of course, I will be in my calculation 25 light years ahead of anyone my age who is entering the Sydney property market right now.
Can anybody fault my logic/share selections, please suggestions welcome?
- Forums
- ASX - General
- somebody try shooting holes in this plan
somebody try shooting holes in this plan
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
SPONSORED BY The Market Online