Lol..Originally Posted by reve
Nope I don't enjoy saving. I nearly paid off my place and just bought another one and tring slowly to pay it off. I bought another place not because I want to but we all knew that you can't rely on your super and most certainly the pension upon retirement.
I can't have money in the bank because I will just spend it on car,wine,hifi...ect
Bank is not a smart way to grow your money buddy.
Sorry for not explaining clearly. As I don't feel the need to. This thread was about how much you punt and not to debate about the definition of saving and investing.
But I don't consider putting money in bank term deposit as an investment.
Saving money for me, means saving and earning a return for my money.
And it's got to be nice real-return.
My money is as liquid as cash.
I can sell my shares whenever I want to. And it would transform to good cash.
Bank savings is a cash for me.
And I don't enjoy paying off mortgage. If I consider interest rates, inflation rates, I wonder what real return you'd get.
However, if I get a good look on AORD, I understand the reason why Australian have to put their money in property. And paying off slowly their mortgage.
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