Okay okay..that comment was perhaps unwise...however.My point remains but perhaps I could have rephrased the comment.
Its just as you get older..the "world" appears to me to be quite focused on money..i.e. possessions purchased to portray wealth ..flash cars,300sqm houses...etc along side huge levels of debt....Old guy ..great stuff you made 15 % in 5 months..cool...
Whats been the return per annum of RYM over the past 5 years ...10 15 20 % ?
Why is Mr W Buffet so successful....Why have most of those of huge wealth have held commercial property long term...Why ..on the NZX ..one of the most successful of property entites over the past approx. 20 years (PFI 9.5 compounding-thanks Roger) is the only entity which retains its original name...go figure.
Why historically has the NZX been considered "the wild west"...why have folk shunned same in preference to buying rentals...Its my belief that has occurred because it still is viewed as a casino...
Old guy...perhaps thats the way I should have said it...cheers troy