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Aceyducey
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@aceyducey
Join Date: 2003
Post Count: 651
October 17, 2004 - 2:32 pm
And your investment strategy
If buying units or townhouses it’s best to own all of them & get rid of the body corporate issues.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
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@aceyducey
Join Date: 2003
Post Count: 651
October 17, 2004 - 2:26 pm
Funnily enough, the three insurance agents that I dealt with in the early-mid 1990s are all financial advisors now
They followed the money – can’t be too dumb
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
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@aceyducey
Join Date: 2003
Post Count: 651
October 17, 2004 - 2:23 pm
Note that you are charged an extra day’s interest on loans on leap years however
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
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@aceyducey
Join Date: 2003
Post Count: 651
October 17, 2004 - 2:10 pm
Nessa,
Can you afford NOT to buy Investment property?
Or to invest in something else?
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
October 17, 2004 - 2:09 pm
hmm – at 25 the Internet was the next big thing but not there yet (Netscape had only just floated. I’d already founded 3 companies…..and the property market was in decline but hadn’t bottomed.
That’s remarkable similar to today if you substitute another sector for dotcoms…
If I was 25 NOW I’d also be focusing on non-property assets for the next few years.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
October 17, 2004 - 2:04 pm
Buyers’ Agent is NOT another term for birddogging.
Buyer’s Agents are licensed real estate agents who work on behalf of buyers rather than sellers.
Birddogging remains illegal in Australia in all states.
Just check the real estate laws – they are pretty clear on the matter.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
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@aceyducey
Join Date: 2003
Post Count: 651
October 17, 2004 - 1:53 pm
So my solution (or Plan has been to be bullish on oil stocks.
The strategy has been working nicely for the last year.
There’s been some excellent returns from buying shares in oilers, and in pursuing more direct investments in the oil industry.
There are still plenty of opportunities out there for those willing to do their research to understand the industry.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
September 27, 2004 - 2:41 pm
Originally posted by Gambini:
heres one question
Who would you trust more an investment partner taking the same risks as you or a broker who is simply getting paid
[cigar]
chivato
I’d trust the mortgage broker.
The outcomes they want out of the deal are clear and there’s a clearly defined exit.
With an investment partner you have to be very mindful that you are tying yourself to a long-term relationship. Changing needs & desires can really impact on the stability – just like as it does for any other relationship.
Make sure the legals are in order. It helps to prevent & manage the relationship risks.
Cheers,
Aceyducey
(PS: That said, I don’t believe in pre-nups, though these are simply a risk management tools to manage a financial relationship if the other bits break down)
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
September 27, 2004 - 11:21 am
In the long run the most successful people are those who:
a) Identify a winning formula & stick to it
b) Change winning formulas when everyone else copies it
I reckon Steve’s demonstrated he can do this – which makes it a good idea to EMULATE him, but not necessarily to FOLLOW him.
You don’t get ahead of the pack by following the pack leader.
Think about it.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
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@aceyducey
Join Date: 2003
Post Count: 651
September 27, 2004 - 11:16 am
residentialwealth,
Frankly I’d regard 12% for commercial as pretty poor if it’s gross, OK if net.
But it also depends on the CG potential.
Weapping commercial sounds like a good idea – can you expand on this more Phillip….
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
September 27, 2004 - 11:14 am
Gilad,
You may wish to take a look at Steve Navra’s approach as well…
http://www.navra.com.au
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
September 27, 2004 - 11:08 am
I’m pretty much in agreement with Way.
thecrest’s comments on stuff not addressing the point is also on the ball & is purely an administrative issue. It’s something that is managed at Somersoft but not here.
I see the difference between the two being this is a laisse faire forum & Somersoft is almost socialistic.
Which is better – heck depends what you want out of them
But I will say that generally the experience level of moderators is less at PI than Somersoft – And that’s not a criticism guys, it’s simply the way things are. It offers opportunities as well as creating issues.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
September 22, 2004 - 9:46 pm
Minter Ellison is a good firm. I’ve worked with them several times in the past (as the appointed lawyers for several businesses I founded).
However you do need to make sure you’re dealing with good people in the organisation….of course all their people are good, but some are naturally more expert in the areas of law you need than others.
(and never diss a lawyer in a public forum [biggrin] )
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
September 22, 2004 - 9:42 pm
Maximising value in properties through renos, selling the dogs, setting up businesses & share trading.
And much too busy to spend essessive amounts of time on forums
At least that’s what we’re doing
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 17, 2004 - 12:48 pm
Originally posted by kay henry:
I look up to noone.
You must be very tall kay.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 16, 2004 - 9:41 am
Just watch out for the sharp-infested pool of not investing….where rapacious employers & superannuation fund managers manage to erode your wealth & leave you destitute and at the mercy of the Great White Pension.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 16, 2004 - 9:34 am
Jaffasoft,
There’s been previous ‘Best of Somersoft’ threads.
However there were no acronym lists here on PI.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 15, 2004 - 7:32 pm
There’s an acronym list at Somersoft – why go reinventing the wheel? [biggrin]
Acronym, glossary, abbreviation & TLA FAQ
http://www.somersoft.com/forums/showthread.php?t=9382
There are a series of other FAQs there as well: http://www.somersoft.com/forums/forumdisplay.php?f=4
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 15, 2004 - 7:24 pm
I agree with Monopoly.
Frankly I’m of the view that you should reassess your portfolio every few years & shed the poor performers. Sure they might still make you money, but your dollars can be better invested elsewhere.
Treat them as the cost of learning to be a better investor.
In other words – cut your poor investments & let your good investments run!
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
August 15, 2004 - 7:22 pm
I’ve never considered athletes or indeed any sports people in general to be heroes. However I do consider them role models (in some cases poor ones).
IMHO Heroes provide some great and lasting positive contribution to their circle, to other people or to society.
I see this including ‘names’ like Mother Theresa, Gandhi, Martin Luthor King, Maynard Keynes and Henry Parkes as well as many ‘ordinary’ people – parents, teachers, firefighters, police & medical workers, soldiers, even strangers that make lasting changes in the lives of other people, possibly without realising the effects of their actions on others at the time. People don’t necessarily want to emulate them however!
Role models provide some form of example for others to emulate, but do not necessarily change the world or peoples’ lives (but can be a formative influece). Sometimes the example set by a role model can be negative….
IMHO it is possible for someone to be both role model & hero, and for sportspeople to be heroes as well – provided they make a lasting contribution to society, ie Don Bradman.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.
– Jan L.A. van de Snepscheut