Forum Replies Created
Hi Abundance,
I’m still very much in the ACT (where we founded the company – it’s Canberra’s only oil company).
I’m still doing a lot of work on it from here – with the internet it’s not too hard.
Company HQ is in Sydney however, and that’s where the CEO is now based. NT office will open after float – we have staff lined up for it already.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Hi,
Unfortunately our speaker has had a family crisis and cannot make this week’s event.
As such, due to the short notice, we have cancelled the Tax Time talk.
CRIN’s next event will be the Cashflow Game on the 28th May.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Well this event is coming up fast & we’ve almost filled up the spots.
Please let me know if you want to come.
BTW – It’s at the Tuggeranong Southern Cross Club.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Bounce!
Cashflow night on next week.
Please RSVP if you are coming.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
I agree Clones,
There are investor speakers out there who structure their material and presentations in a similar way to those of organisations which can be termed cults.
And one of the symptoms of cult membership is a refusal to acknowledge that what you are involved with may be considered a cult.
But ‘cult’ is a neutral term tainted to the negative by the activities of a few groups who use these techniques towards what are generally perceived evil ends.
No-one would say that Australia’s footy cult or music cults are evil….
It’s not whether investing is a cult (or many cults) that’s the concern – it’s how the cults are led and structured.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Bounce!
The event is on this weekend, so RSVP now!
We have 8 spots left – and this is a venue limitation. We cannot squeeze in 70 people as we did the month before last.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Bounce!
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Originally posted by The Mortgage Adviser:Thank you. The R threw me off.
We could hardly call our selves CIN!
(say it out loud)BTW Cashflow game coming up in Canberra on Saturday – information in another post.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
BTW,
As you’d expect in a room full of property investors the shares side won the debate
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
** BUMP **
One week left!
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Jack,
So you’re a cross forum spammer!
You’ve been getting around lately.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
*** BOUNCE ***
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Soum,
The ACT is under a single government.
http://www.act.gov.auYou may also want to look at ACTPLA
http://www.actpla.act.gov.auCheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Did you all know that when you get married the woman gets a free name change but the man does not.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
I don’t consider taking action when seeing an opportunity as ‘luck’.
Luck may be involved in an unexpected evemt or opportunity occurring, but it takes skill and confidence to actually use that opportunity to create wealth.
We’ve moved from shares to businesses to property back to shares and businesses in the last 10 years, riding each wave as it comes.
I don’t KNOW which asset group (or sub-group) will do well tomorrow, so that bit is ‘luck’ – however I have found that being in the right place at the right time has very little to do with chance and a lot to do with knowledge, confidence, the ability to recognise opportunities and the ability to execute.
Go lazyboy!
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Hi gia,
Look at the vacancy rate for hotel rooms.
Think about what improvements you can make to add value to the room.
Think about the fluctuations in the tourism industry.
Think about the land you own (remember, generally land appreciates, structures depreciate).
Think about the management fees you’ll pay & your flexibility in changing PMs.
Overall hotel rooms, time-share apartments and the like are niche investments best suited to those who have thorough understandings of the niche. And even then I’d find it hard to believe a case where they were as safe an investment as houses.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Jenny,
What’s your issue with the property?
The negative gearing only?
If so I suggest you keep it. Your CG more than makes up for it.
If you are having issues with tenanting it, there are constant maintenance issues or you have reason to believe that the value of the property will slide and stagnate for a long period of time such as it being in a regional area with 20 year cycles, then you have reasons to consider getting rid of it as a ‘dog’.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
enieuwoudt,
I suggest you spend some time thinking about your investing goals – why are you investing, what do you hope to achieve, in what timeframes.
You also need to start researching the markets you’re interested in and get a feeling for your potential lending limits.
Personally I reckon that once you’ve done all of this you’ll be overloaded with information, confused & have lots of good questions…in perfect time for the March seminar.
After that you’ll be much better prepared to take the plunge.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Hey Dazzling,
As you’ve probably gathered, you’re certainly not alone in having a partner who’s level of investing interest is different to yours.
I don’t suffer from it myself (my partner is very focused on investing), however I’ve spent a lot of time with couples who do face this issue.
Some ideas that might be of value:
Get your partner along to social functions with investors. If she meets and talks to them socially, rather than in a formal environment, she may begin appreciating where your head is at and finding out things about investing that do interest her.
Sit down with your partner and map your financial future. Let her see how little you’d have if you did no investing…and how big a difference investing would make. This works best with people who are numerically literate – otherwise it bores them to tears.
You could search for an aspect of investing that interests her – maybe she is good at picking tenants, renovating houses, negotiating with agents…..
Get her into a game of Cashflow. This can show her the effects of investing very quickly. There are a number of clubs around & you can always invest a few hundred dollars into it yourself (think of the potential payoff and the investment is worth it).
At the end of the day, however, the best approach may be to take her at her word and use her reasons as the basis for how you collectively make investment decisions.
Work with her the way she wishes to be worked with. Say fine, you take care of the kids and critique the deals I find and I’ll focus on ensuring that we can afford to own a beautiful home and our children have the best education in the future, plus we’ll be able to have the things we want later in life. Value her contribution to investing in this way on the basis that she also values your contribution via investing to ensure your family’s financial future.
This can be part of a deal…we’ll do X to the house if I can buy Y properties. Make it a win-win proposition.
And this may even have her learn more about investing anyway – to critique your deals she will have to learn something….otherwise she’s not in a position to analyse them effectively.
Over time she may becone interested in a more active role, if so great..but if not, she’s at least guarding your back while you ensure your family’s future…who’s to say her role in doing that isn’t as crucial as yours.
Think about your basis for marriage, did you marry your partner because she was an investor or because you want to spend your lives together?
Investing may never be one thing that you and your partner share an interest in, but it’s outcomes will enrich your relationship for a lifetime.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Hi Mortgage Advisor,
Simon Mack you mean – he’s a good guy.
Finance is a good topic for one of our more formal panel or speaker evemts this year & I’ll suggest it to the committee. We have evemts monthly so cover a lot of different areas – not purely property investing either, though this is a mainstay.
This one is an informal get-together so we’re not having a formal speaker.
There are several very good local Mortgage Brokers involved with the group already and I expect that at least one of them will be attending the BBQ.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
