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

So there are other considerations with all of that.

But it's something that I think is dangerous for people right now to think, I can comfortably take on a massive amount of debt and I will double my money.

Particularly, I know people who rent but have an investment property.

Now, wrap your head around that.

And they're happy to do it, even though they're not even making any money on it.

In fact, they're losing money.

In fact, Owen-

They're intentionally losing money because of this strategy called negative gearing.

And they do that quite happily because if the price of the house goes up, if the capital value of the house goes up enough, you can actually make squillions.

But this is true of anything, right?

So imagine if I said to you, hey, Owen, I'm going to take all the money I've got.

I'm going to go take out a margin loan.

So for those that don't know, a margin loan is a loan that you use to buy shares.

And I'm going to actually, margin lenders don't let you borrow this much, but let's say I found one that did.

And I said, I'm going to leverage myself up 95%, like 20 to one.

For every dollar I've got, I'm going to borrow another 20 bucks, right?

And I'm going to put that all in the share market.

You would think you are the craziest fool that ever lived.

I don't care what...

blue chip quality shares you're buying.

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