Forum Replies Created
- Originally posted by Still in School:
big quick returns or slow compounding returns…?SIS,
This reeks a little of ‘get rich quick!!!’ or ‘get rich slow’.
I prefer to look at the risk factors instead…..
What level of risk does the strategy ebtail – are you willing to take that level of risk?
Personally the more I invest the more I find that the old adage ‘higher risk, higher returns’ really only applies as a mantra for inexperienced people.
I prefer ‘greater knowledge, greater returns’ myself
Cheers,
Aceyducey
I was wondering when people on this forum would start to question the positive gearing/positive cashflow model
There are other approaches such as the one illustrated by Helen.
And they can deliver great results.
Personally I’ve been a fan of positive gearing long before Steve McK made his first buying trip.
However I also have a number of negatively geared properties.
Why? – because I make much more in CG than it costs me in monthly payments.
This can be transformed into cashflow in a variety of ways.
Investing is personal. Use the approaches that work for you. Not just the ones that have in the past worked for other people with different financial situations & goals, or are the current fad.
Cheers,
Aceyducey
He won’t get far advertising in Somersoft either
Though may be able to get the deal into Caveat Emptor.
Cheers,
Aceyducey
Originally posted by Terryw:You can become a financial planner by getting a diploma in Financial Planning (this can take as little as 8 days).
Accounting is usally a 3 year course (eg. TAFE), followed by working under someone for another 12 months or so.
It really does make me wonder why the government allows financial planner to provide certain advice that accountants aren’t legally allow to provide
8 days to become a financial planner versus 4+ years to become chartered accountants…
hmmm
Which would you trust to provide your parents with financial advice?
Cheers,
Aceyducey
Originally posted by aussierogue:acey – your last message just described ‘status envy’ very well. you should write a book..
If I actually knew what ‘status envy’ meant
My post was partially tongue-in-cheek…but also designed to make people think about what they value & why.
Valuing a career is fine if it’s the career YOU want.
There’s nothing wrong with working for 40 years if you find that work sets you free.
However too many people just react & respond and don’t really THINK. Thus spend most of their lives fulfilling other peoples’ dreams rather than their own.
Cheers,
Aceyducey
So according to Marc….
Status means whatever criteria you use to choose your friends – consciously or unconsciously.
Well who can argue with such a flexible definition of status
BTW: I always know WHY I like one lady over another. If you don’t know why you like one lady above all others, IMHO you’re not serious enough to form a lifetime relationship with her.
Cheers,
Aceyducey
I prefer freedom that extends beyond the space between my ears
After all even most slaves are free in their minds….and it’s one of the tools used to keep them in their place physically.
Ditto wage slavery – work for us & you will have a ‘career’. Careers are good things – you will eventually make lots of money (provided you keep working). We will also give you ‘status’. This will make other wage slaves ‘respect’ you for the position you occupy, regardless of who you are as a person.
In return you will perpetuate the wage slavery of your children and their children. You will encourage them to ‘follow in your footsteps’ and keep ‘security’ by working for us. (security = they can sack you anytime)
Do NOT attempt to leave your job or you will lose your status, career prospects and money – you may become ‘unemployable’ by other wage slavers. We will then define you as worthless as a human being.
Isn’t it fun how words can be used to alter our minds and define & twist concepts such as ‘freedom’.
Cheers,
Aceyducey
What is status?
The easiest way to raise your status is to associate with people of lower status.
Personally I prefer to associate with the people I like – regardlss of status.
Cheers,
Aceyducey
We generally don’t reward tenants for on-time payments…though if we want to get someone out we do negotiate an exit that may include a free week if they get out fast & pay up the rest of the money
We do give tenants a little something, like movie money, occasionally as a ‘thank you’.
Frankly if you train tenants to expect something merely for paying rent on time you are training them badly. It will cause you issues somewhere down the track.
The extra rent for a big Tv is not a bad idea…A different approach is to semi-furnish the house with the TV, let the tenants use it…charge them the extra rent & get the depreciation benefits.
Cheers,
Aceyducey
Time to diversify.
Australia is not the only place where people live in houses.
And property is not the only path to wealth
Something for people to think about for themselves…is their goal to become wealthy by being a PROPERTY investor….or by being an INVESTOR.
Cheers,
Aceyducey
There are LOTS of alternatives to fossil fuels already available.
The rumours of big oil companies holding all these patents is one of those urban myths – has been around for decades. Patents are in the public domain – go and search through them (as people have) and you’ll find that there are no such patents owned by BP or other oilers that are being suppressed. There are inactive ones however, what use is a means to turn water into energy if it would cost $100 per petrol litre equivalent? Or if the technology to make it work is not yet technically feasible (such as Microsoft’s patent on using skin conductivity to create a personal network between carried technology devices).
There are two key issues that make it unlikely that alternatives become widely successful in the short-term (next 30 years) without a major breakthrough.
Firstly, pound for pound, oil & gas are still cheap. Regardless of the real reserves that exist around the world of these diminishable resources, the price at retail is such that there is insufficient incentive for companies and governments to put spending more on developing alternatives on their critical list AND for consumers to vote with their feet.
Secondly, fossil fuels are EASY. They can be extracted, processed & turned into energy without sophisticated information age technologies. For developing countries such as India and China, it’s simply not countenanceable for a major shift from fossil fuels at this time. The countries simply haven’t reached the level of development to afford alternative technologies.
I have a friend of a friend who’s an avowed greenie. They are self-sufficient in energy & food & put back as much as they take out of the system. He is in favour of further oil & gas exploitation because he reckons that the faster we use them up, the faster we will develop viable alternatives.
The UN has a strategy to have 10% of world energy needs supplied by renewable energy sources by 2050…this doesn’t even touch the sides – however it may just be achievable….higher that that – well
For me it’s a simple equation:
Develop an energy source that fits into the same space as a litre of petrol & delivers the same amount of energy at the same cost (dollars and energy) to deliver to consumers.
THEN you’ll have a true replacement for oil.
I remain bullish on oil – and my investments reflect that.
Cheers,
Aceyducey
I’d package up the extra hour in spiffy wrapping & give it to my over-worked sister.
She needs it far more than I do
Cheers,
Aceyducey
