Andrew Page

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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

What I would have done is I would have kept the house and

I would have drawn down against it.

Now, it's still borrowing money to invest, but the advantage of doing it that way as opposed to doing it with a margin loan is that you don't experience what's called a margin call.

On a margin loan, if your level of equity drops too much, the broker will just force you to sell your shares.

You become a forseller.

With the alternative that I'm talking about, it's actually held against the value of the property.

So even if you suffer a 50% fall in the market because of a bear market or a crash or something like that, you're not a for-seller and you can be there for the recovery.

In fact, you can probably put more in.

So yeah, I would have gone that way.

And I think if I had gone that way, I think if you add it all up in terms of dollars and cents, I probably would not have made as much of a return, but I would have had a much less stressful life.

And that's something.

I think actually there's a really great analogy.

I think I invest in the share market the same way I would invest in the property market.

That is, with a view of probably five years plus, having done a bit of research on knowing the quality of the suburb, whether the foundation's a firm, whether there's any white ants in there.

Same kind of stretch the analogy.

Are there white ants in the balance sheet here or not?

What kind of suburb slash industry is this business?

You've got to approach it very, very sensibly.

And it takes work, as you and I both know.

But yeah, you really want to treat it seriously and properly.

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