Andrew Page

speaker

463 appearances 1 recordings 1 series first heard Aug 2021 last heard Aug 2021

Andrew Page’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · Property vs. Shares | Money & Regret Ft. Andrew Page · 23 Aug 2021 podcast

I can't do that.

I don't think anyone can.

But it is about saying it could.

And if it does, then what?

So you always, in any investment, whether it's emu farms, shares, or property, I think you should, as an investor, spend a good deal of time thinking about, yes, obviously there's a bull case there.

There's an investment case to do something.

But look at the case for not doing it and be comfortable with that as well.

There might be an asymmetry here of sorts.

that if everything goes swimmingly your way, you make a bit of money and that's great, but if things go against you for whatever reason, for any unexpected reason that was foreseen or not foreseen, what happens then?

And we are at a situation, I would say just talking in aggregate about the average scenario across Australia,

that if interest rates go up by any material degree, if house prices fail to increase at the historical rate that they have in the future, a lot of people are going to be in a huge amount of pain.

Now, maybe it doesn't happen, and I don't want to be silly enough to forecast it, but if it does,

You need to be comfortable with that scenario, particularly if like a lot of people, you're spending every last cent of savings that you have just to service the damn thing.

And this is something that even under the best case scenario for a lot of people is a 20 or 30 year commitment with a mortgage to pay this off.

So you never get sick.

You never lose your job.

Nothing ever goes wrong.

Great.

You'll do okay.

And I would say, okay, you're not going to be shooting the lights out.

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