What is your work situation?

OZZYGUY

Well-known member
That said, you constantly keep an eye on the market and always look around regardless of whether happy where you are or not. That's the one thing younger people don't do once they settle in and get comfortable. It's your responsibility not to get fucked.
I think a lot of young people do do this, well in Aust anyway and they seam to move jobs for a extra $10 a week. Just doesn't seam to be the loyalty to the employer that the older generation do. Talking with a lot of business owners the last few weeks and they all say how the younger ones just don't stick around and lucky to get two years out of them. As a business owners point if you invest money in some training that's shit that they don't stay and hard to replace.
 

Moo Uaon

Well-known member
Real money ain't made from a wage,IMO.

Having a job is the way to service loans and make money through property investments etc.

The hours,conditions and lifestyle associated with the job are most important from my point of view but the short sighted see it completely different of course.
I went through periods working for myself making very little money but luckily able to service my mortgage with 2 properties because interest rates receded from 17.5% to 10% and the tenant was paying the whole repayment for me.
I was doing 4-5 hours a day then but looking back man i had a good lifestyle while the prices of both properties went up and up until i sold up and moved to LoS.
 

Bacon

Administrator
Real money ain't made from a wage,IMO.

Having a job is the way to service loans and make money through property investments etc.

The hours,conditions and lifestyle associated with the job are most important from my point of view but the short sighted see it completely different of course.
I went through periods working for myself making very little money but luckily able to service my mortgage with 2 properties because interest rates receded from 17.5% to 10% and the tenant was paying the whole repayment for me.
I was doing 4-5 hours a day then but looking back man i had a good lifestyle while the prices of both properties went up and up until i sold up and moved to LoS.
Same here. I bought a crapshack with the help of my dad when I graduated high school. Cost me 75K.

I took a year off, worked and spent weekends working on the house. Then I moved back in with my parents whilst in Uni, and let the place pay for itself. When I graduated, the same property sold for 220, and that started the snowballing effect. Bit of luck and good timing went a long way too.

Now you can barely buy the land for that 55
 

do ron

Well-known member
By the same token, greedy fucks that pay below market average deserve to lose good people. If I found out I was worth twice what I was getting paid, I'd leave anyway, cause they'd probably fuck me down the road.

That said, you constantly keep an eye on the market and always look around regardless of whether happy where you are or not. That's the one thing younger people don't do once they settle in and get comfortable. It's your responsibility not to get fucked.
People are more entrepreneurial these days , I'm not sure if its a generational thing or the advent of the internet . But I'm glad to see the fucker that actually does the work and has the expertise earning the maximum of his/her potential .

Why work for some fucker at just above minimum wage in a Dry cleaning business when you can start your own franchise . Companies took workers for granted over the decades and failed to appreciate what they had .

The employment industry needs to get back to basics of respecting good employee's forget recruitment agencies they should be taken out of the equation - go and source your own . Its the 1st sign that you actually care
 

Nomad

Well-known member
Why work for some fucker at just above minimum wage in a Dry cleaning business when you can start your own franchise . Companies took workers for granted over the decades and failed to appreciate what they had .
Totally agree with the first sentence, yet the second sentence is so often what you hear from those that never took that step and never took the risk to run a business and have their house and savings on the line. Or alternatively, once they did take the step, then realised the complexity and risks of being an employer and took a different tune.

BTW, I have no idea of your sitution or background, so nothing personal here, just an observation from someone who has been on both sides of the fence and had this conversation often with those on both sides of the fence.
 

OZZYGUY

Well-known member
often what you hear from those that never took that step and never took the risk to run a business and have their house and savings on the line.
This one shits me, when people compare and say they are so hard done by and say its ok for "These business owner" or "Landlord" they can afford it.

Complain about Government, employers etc..........

They just look like idiots and I know a few, sure self employment isn't for everyone and we need workers but if you are going to complain get off your butt and do something about it.

My moto is
"In business as in life, you don't get what you deserve, you get what you negotiate"
 

MarcTwoSix

Well-known member
People are more entrepreneurial these days , I'm not sure if its a generational thing or the advent of the internet . But I'm glad to see the fucker that actually does the work and has the expertise earning the maximum of his/her potential .

Why work for some fucker at just above minimum wage in a Dry cleaning business when you can start your own franchise . Companies took workers for granted over the decades and failed to appreciate what they had .

The employment industry needs to get back to basics of respecting good employee's forget recruitment agencies they should be taken out of the equation - go and source your own . Its the 1st sign that you actually care
In the same breath I think so many people expect to just show up for work and do the bare minimum
And don't show any commitment or willing to do the work, then complain

Plenty of jobs out there where you can succeed if you put in the effort, in all types of jobs
 

do ron

Well-known member
Totally agree with the first sentence, yet the second sentence is so often what you hear from those that never took that step and never took the risk to run a business and have their house and savings on the line. Or alternatively, once they did take the step, then realised the complexity and risks of being an employer and took a different tune.

BTW, I have no idea of your sitution or background, so nothing personal here, just an observation from someone who has been on both sides of the fence and had this conversation often with those on both sides of the fence.
I couldn't run my own business , I'm too much of a worrier & conservative with money . Part -time landlord in the midst of leaving the game his the height of my entrepreneurship . Both my Dad and Mum had small business but it never rubbed off on any of their their 3 offspring , we have decent paying salary jobs so maybe the hunger is not there .

Growing up in a family with small business's though , has ingrained a culture in me of supporting the independent or small enterprises . ie if i go for a coffee at work ill go to a privatively owned little café instead of multinational or tip my barber . Yes the counter side of the argument is the young lady in Starbucks will be out of a job .

My cross hairs were set more on the sights of the big corporations as opposed to Bill & Betty trying to run a Take away . Marc 26 is correct there are more than enough little shits out there that think the world owes them living , i overheard it from a pub manager just the other day

But there is also a budding class out there , that are prepared to try and make themselves a success as opposed to the Boss .
 

do ron

Well-known member
My moto is
"In business as in life, you don't get what you deserve, you get what you negotiate"
That's a good mantra to have and one I'll definitely keep in mind . I under valued myself for long enough once you hit 40 things change and quotes like yours hold more relevance.
 

Nomad

Well-known member
My cross hairs were set more on the sights of the big corporations as opposed to Bill & Betty trying to run a Take away .
The big corporations are the foundation of most of our pension portfolios so you want them to do well also! Nothing is straight forward and everyone's perspective on fairness is different.
 

OZZYGUY

Well-known member
I couldn't run my own business , I'm too much of a worrier & conservative with money . Part -time landlord in the midst of leaving the game his the height of my entrepreneurship . Both my Dad and Mum had small business but it never rubbed off on any of their their 3 offspring , we have decent paying salary jobs so maybe the hunger is not there .

Growing up in a family with small business's though , has ingrained a culture in me of supporting the independent or small enterprises . ie if i go for a coffee at work ill go to a privatively owned little café instead of multinational or tip my barber . Yes the counter side of the argument is the young lady in Starbucks will be out of a job .

My cross hairs were set more on the sights of the big corporations as opposed to Bill & Betty trying to run a Take away . Marc 26 is correct there are more than enough little shits out there that think the world owes them living , i overheard it from a pub manager just the other day

But there is also a budding class out there , that are prepared to try and make themselves a success as opposed to the Boss .
That first bit is exactly what you need as a business owner.

Now with those big coffee shops and other businesses just remember most of these business are franchises and each site is also owned by a everyday people trying to get on with life.
 

Moo Uaon

Well-known member
The big corporations are the foundation of most of our pension portfolios so you want them to do well also! Nothing is straight forward and everyone's perspective on fairness is different.
BHP is around 10% of the XJO?

Been watching the shenanigans around their latest dividend which is a healthy one of around 10.5% per annum but the SP has dropped more than that when it went ex div?

I'll be trying to buy in when it bottoms out and sell just before the dividend is paid. Should be able to make around 3x that depending on general market conditions.
 
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OZZYGUY

Well-known member
BHP is around 10% of the XJO?

Been watching the shenanigans around their latest dividend which is a healthy one of around 10.5% per annum but the SP has dropped more than that when it went ex div?

I'll be trying to buy in when it bottoms out and sell just before the dividend is paid. Should be able to make around 3x that depending on general market conditions.
What price do you think you will buy?

I have BHP, and got the free Woodside shares earlier in the year. I don't believe its worth holding onto to long beside the dividends but I got stuck when the market fell and been collecting some franked income. I believe better buys around but I'm no expert.

I normally don't hold my stock that long but stuck on BHF, If I can get out around $45 I will.

BHP.png
 

Moo Uaon

Well-known member
Franked dividends mean little if i can buy low and sell much higher pre dividend date.

Sometime in the next 6 weeks i'll be taking a close look at BHP and if goes low enough buy some for my super and sell them pre dividend.

Anywhere around $32-34 would be good. If not doesn't matter.
 

Bacon

Administrator
What price do you think you will buy?

I have BHP, and got the free Woodside shares earlier in the year. I don't believe its worth holding onto to long beside the dividends but I got stuck when the market fell and been collecting some franked income. I believe better buys around but I'm no expert.

I normally don't hold my stock that long but stuck on BHF, If I can get out around $45 I will.

View attachment 5027
I don't imagine it'd fall much below $35. I suspect Potash in particular is a hot commodity right now and will be for a while.

What platform do you trade on?
 

OZZYGUY

Well-known member
Franked dividends mean little if i can buy low and sell much higher pre dividend date.

Sometime in the next 6 weeks i'll be taking a close look at BHP and if goes low enough buy some for my super and sell them pre dividend.

Anywhere around $32-34 would be good. If not doesn't matter.
I like DEG, I have traded that short term maybe 8 times in the last 12 months.
 

OZZYGUY

Well-known member
In Manila this week doing some trade testing for panel beaters and spray painters

Got 36 positions to fill and almost 120 applicants to test and interview.

Not everyone gets a visa, one dude did this shit weld - see photo.

In Australia a bodyshop would advertise a job for months with no reply.




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Quarky

Well-known member
It's not what it looks like.. it's whether it has the new trendy bubble effect!

You don't want stuff lasting forever.. that's so 1950s... you want it lasting just long enough to get them coming back to have you fix it..
 

Nomad

Well-known member
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