hi anyone out there know about this investment opp. – Clancy of the Overflow (a major motion picture)? In newspapter it reads like this:
* 100 tax deductibility (refer to product ruling 2004/14)
* 60% minimum returns distribution guarantee
* After deferreds and non-deductibles, “firt out” position to 100% recoupment from receipts from distributor
* 50% “Blue Sky” profit participation.
* minimum subscription of $10,000Anyone want to put in his thought will be much appreciated[blush2]
If its anything like the Ned Kelly film with Naomi Watts and Heath Ledger. I will use that $10k for something else.
And I also like to have control over my money. Its a bit like going to the casino and putting it on red or black – it could go either way.
I would put it all on red…[biggrin]
Seriously now, investment is for the bold, the brave, the astute, the lateral thinker.
Returns like those can only come with a higher than average risk. Of course you can put it all in ING over the phone for a healthy 5.25% per year or $525 per year minus tax about $300… or use for deposit for an IP worth $80k in some small town that in 5 years time may be worth 120k . . . or may be worth 60k.When facing risk you must consider what the implications if you loose such sum. If losing it will signify a major set back or consequences you cannot reverse, like emotional with your wife or similar, well, you be the judge.
Otherwise, it may be worth the risk…you will never never know if you never never go.May God prosper you always.[biggrin]
Marcwant2brich,
It’s 100% tax deductible, until the govt imposes some retrospective tax changes- remember tea trees and emus? hehe
)If you get 100% tax deduction, it can reduce your taxable income by 10k… but if you are making a *profit* on any other income (such as pozz geared IP’s), it will merely be offset. You’d only get back 3k-5k anyhoo… if you are currently making a loss.
I’d chuck 10k into an IP. I’d also forget about prospective returns on the movie- projections on movies are like projected CG on an OTP [thumbsdownanim
kay henry
ive been looking into this, of note is that they dont even know who is taking the lead role, talk is it will be hugh jackman, but nothing is concrete. for more info go to
http://www.clancyoftheoverflow.net
theres not that much information on it, but they want your money by the end of june!
just my two cents worth
cheers
shaunLead, Follow or get out of the bloody way
)
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