Gnadenburg
Quote:
Well if you had of taken my advice, bought good Australian property last year and funded it with the USD, you could have currency switched and made a fortune.
For an ex-currency trader, living in Hong Kong, it should have been plain to see. But required street smarts and balls.
Just for your info I do have a very nice property on Sydney’s Northern Beaches which I bought very close to the bottom of the market and I did move a great chunk of my loan to HK late last year when the AUD was near its lowest to the HKD and USD. So yes I have done nicely because of this, but it wasn’t from any advice I got here or street smarts or balls as you put it. It was because of my background and the fact I am constantly researching the markets that allowed me to get the timing roughly right. Do I think my property has or will continue to decline any further? Yes but I haven’t bought it to speculate a capital gain. It is a very long term investment and probably where I will retire when I have finished my stint here in Hong Kong.
Just one property in Sydney? Forex gambled with just a "great chunk" of your loan and not the lot?
You are a very conservative investor. Good luck to you. But many pilots would have left you behind this cycle without the benefit of your "financial education" and dogged research.
How is your Hong Kong property fairing? From what I read dogged research would not have have picked the current market gains.