Should be worthwile as usual.

Might even see AstroBoy there this time.

Think I have spoiled myself a bit for the Spann evening though as I listened to his “Millionaire Magic” presentation this week.

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

That’s one of the best posts I have ever read.

Thanks

WaySolid.

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

AC,

Rick Otton is speaking at the BIG meeting on Tuesday night.

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

Kay,

Why didn’t the day appeal to you?

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

Excellent reply Peter.

I’m also a seminar junkie, though my habit isn’t as “expensive” as yours yet.

I will be adding another $2.50 or so (book royalties) towards your next Ferrari when your shares book comes out. Hmmm thinking about vertical integration why not start your own publishing company so that you can get more of the pie?

Thanks for your contributions to the internet investing forums. Look forward to meeting you at one of your seminars perhaps

My personal seminar thoughts:

I have been evaluating the difficult question of seminar costs myself, and agree completely that their “value” or “worth” is very hard to pin down.

“You get what you pay for” This cliche is very misleading when it comes to seminars, some of the most valuable seminars I have attended in the last year have been the cheapest ones (I have attended 15 or more 1 hour or longer events).

I find it fascinating that when Freeman-Fox did the seminars for free that less people came along. Our biases when it comes to money are truly weird. Smart marketers know how to take advantage of us as well, using our biases and fears, and our greed.

The best measure I use when evaluating a seminars worth is to talk to as many people as I can and go in with my eyes open and wallet closed. I’m yet to attend any seminars run by sharks however, I think I’m too good at recognising sharks from a distance; living on the Gold Coast as I do.

There are wealthy and smart presenters out there who genuinely do want others to succeed, and every person has to put their own dollar value on the presenters time.

For me I could spend several thousand on a seminar and not lose any sleep if I found out I had wasted the money, for others this would be a huge hit to their bank balance and happiness. There is a line in the financial sand for everyone here.

I’m interested to hear that Peter Spann is another Tony Robbins disciple! I’m personally not sold on the prices he charges for his seminars, though I have read all of his books. Does the guy really need any more islands? Though I am thinking that it might be worth attending just once to see what it’s all about And you can get great deals on his tickets if you buy them off people nearer the presentation date I have recently discovered.

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

Try the reefcap forums. Ozestocks forums is a growing community with at least a few posters who appear to walk the walk.

From what I have seen and read (I’m a learning shares novice) reefcap has the hardcore Aussie/NZ share people. At least one large fund trader (forex markets) posts there.

HotCopper is good for some light reading.

WaySolid.

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

LifeX,

Like his books. “Eat That Frog” is my favourite.

Not sure about the 5k though, I’m one who is spending quite a bit on education currently; but that does sound very expensive.

5k for one on one mentoring perhaps? If you are part of a large group/seminar however then I’m not sold on that idea.

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

Is anyone going to answer my question about the 1 possessory right title?

Or are you too busy fighting?

[jerry]

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

I’m interested how you manage your risk in a one horse town dependant on an industry thats traditionally fickle (say mining for example like Roseberry). Fixed interest rates only go part of the way when you consider the risk on the IP you have just purchased.

What happens in an industry downturn (I guess weirder things do happen in the world than mines closing) where your tenant supply dries up?

What happens when you emerge from a fixed interest period into an environment where rates are higher than they are today (this might just happen you know).

What happens if you find your +ve cashflow “investment” records minimal CG or -ve CG

What happens if the population decline that demographics indicates is happening (bush to beach) doesn’t reverse?

I have a few suggestions for managing risk for these investors.

* Hedge your risk re: industry specific downturn by short-selling the companies shares.
* Create “alternative use” for these places. Some of them would make excellent “rural retreats” or festival locations.
* Create your own demand: Offer them to Govt departments for leasing. Or bring in new industry to the town like tourism.
* Find something unique about the area.. “The healing powers of the local water supply” or something similar (Yowie sightings?) and get it telecast on “A Current Affair”.
* These a just a few ideas I have come up with, I’m sure there are many others.

Cheers,
WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb