PS – This type of person is usually very short.

Just a quick farewell to you all. And to those who were curious about what I did , here’s the breakdown of my last couple of years, which was build on a base of about $140k to start with in around mid 2005.

Part owner in an IT consulting company start up – Sold my share for $400,000 18 months ago net after CGT (60k CGT in to super). 

Recently sold my remaining 2 IPs – Sold one late last year and the other settles in mid August. Both sold before the current down turn (possible crash) – 360,000 net profit after CGT.

Most recent PPR – Bought in 2007, sold in April this year – $170K net profit

Shares – Bought $200k back early last year. Sold for $240k when index was up near 5000.

I’m now leaving Australia to go back to the UK permanently with $1.3m AU in my pocket (It’s now or never with the current exchange rate). My strategy was common sense. I do not believe there is anything sophisticated with the level of knowledge required to make money in property or shares. It just takes capital, a bit of nerve and be informed. For example, only an idiot would not have seen the property downturn coming, but it’s interesting to see the herd mentality in action. Those that sold late last year and early this year did well, but the rest waited until the market had moved before they committed, now we have a bunch of property on the market with a downward trend in prices as buyers sit on the fence because they think it’ll get cheaper. And it will, for that very reason.

$1.3m is not a king’s ransom, but it’s enough to take advantage of all the cheep property there will be in the UKin about 12 – 18 months time, which is phase II of my strategy. I'm a millionaire in Oz, now I want to be one in the UK.  Should take about another 3 – 5 years.

Good luck to you all.

I'm suggesting very few would not be low-brow.  Re my strategy, it's called the wily, canny, flexible and above all, not going to seminars strategy. BTW, it works well.

Actually I lie I did go to a seminar once, but it was by mistake. I thought I was going to see a play at the theatre about this guy who knew some gullible people and thought of a really easy way to make himself a hundred grand in one evening for very little work and without having to know any more than what he read in a book. I fell asleep as I've heard the plot before, but there were a lot of people who had not read the book and thought it's easier to see the play than it is to have to bother to read the book.

 Badger, you never replied to how much you've made in property… did you forget the question? And if you were making money from property, you could use educational seminars as a tax deduction, not have to pay from your own pocket. Thanks to books, seminars and mentoring, we make more in property p.a. than from either of our day jobs.  Before we did the above, we only knew how to negatively gear (ie lose money and get a tax concession for it). Happy to be a mug if that's the case.  quickchick

  

You sound a touch confused here – on the one hand you say spending money to take advantage of tax concessions is a freebie, but on the other it results in a loss????

Not sure anyone in this post has asked me how much money I have made, but I assume you are referring to the question of how many IPs I have, to which I am still waiting to find out why it is relevant. I’m sure there is a whole bunch of people out there with far many more IPs than me, but I’d bet there’s a lot of those people out there up to their pits wishing they had fewer right now.  

I notice, Michael, in your quote you say “boldness has genius, power and magic in it”, but in many cases it’s just dumb luck. The thing that separates those that make it and those that do not is often nothing more than luck. Too often we herald average people for being geniuses, but the truth is they were nothing more than in the right place at the right time and what we are seeing now is a whole bunch of last weeks’ “gurus” looking pretty bloody average right now.  Of course in many cases the “gurus” are still laughing, it’s just the mugs that they fleeced that are crapping themselves.

Maybe you should man up and tell us all who you are. You need some new material. You have already covered crap website and lives with mum.

In light of your excuses about my critique of your site, I thought I needed to differentiate between expedience and slop. I reemphasised the bit about your mum because I new she'd be telling you to never mind and not to let the nasty man upset Timmy.

Obviously you have no idea what you are on about. Finance brokers have NOTHING to do with APRA. APRA is the regulatory authority for banks and super funds (among other things)

Tim, now come on, I think most of the readers concentrated on the attempted  funny bit, the bit about Tim's sub-prime crisis – the rest does not bear scrutiny, because it was not meant to. It's like the joke about the horse in the bar talking to the barman. None of us really think the horse actually spoke, Tim, it's just a joke. Do you think the horse actually spoke Tim, or do you just not like jokes? I think not, as you do not appear to have a sense of humour.

Let’s start by quoting you Tim, your first post on this topic – “Badger, you are obviously a pleb, and have likely (sic) not held a job any higher than low/low-middle management.” 
What strikes you as obvious here Tim?  Have you heard of the word hypocrite? I think you’ll find there is an online dictionary you can use to look it up, Tim (and I can’t resist this, even though I’m going over old ground), and there is bound to be a section on grammar and punctuation. You can use it for your new, improved website you are working on! (Note the proper use of an exclamation mark).

When you are man enough to tell us who you are, maybe you will earn some credibility. Maybe.

Man enough. Oh come on!!!  Is this your measure of a man, Tim? If it is you must be very small indeed. Are you 5 feet tall, Tim? Maybe, with your Cuban Heels on! 

Wake up to yourself kid.

 Is this the bit where you start telling me about a hill of beans, or have you just been watching the movies a bit to much, Tim.  Bit of a dreamer, perhaps?   

Bast of luck with growing up and making something of yourself.

 Thanks Tim, and tell your Mum I said hi.

 Badger, you are obviously a pleb, and have likely not held a job any higher than low/low-middle management.  

 Interesting comments, but perhaps I'll hone in on the one above.  I thought I would achieve this by way of comparison, Tim. I thought it would be a good idea to review your accomplishments in order to put your view point into perspective. How about we do that, eh Tim. 

I had a look at your site, Tim, and the first thing I noticed was the poor page layout and the poor rendering of graphics within the limited number of pages. Some fit and some do not, Tim.  Do you need a ruler, Tim? I’d send you one, but I’ll tell you a secret, Tim. If you buy the Idiots Guide books they give you tips on how to create simple amateur websites – and (here’s the tip), they show you how to access the ruler in the software, so I wont have to send you my wooden one, Tim. 

I also notice what looks like amateur photography conveying to the user a cheap looking operation where the budget only extends to the use of low quality images, perhaps taken on your home camera. Was it the camera you got free with the desktop you bought for your business, Tim?  Here’s another tip, you can buy stock pictures for not a lot of money and they make the whole website look less like a school project, Tim.  

I was very confused with the use of the insect image on the News Link page as well, Tim. Typically images are used to support the message in either an explicit or a metaphoric way. What was the insect saying, Tim?  Is it saying “I’m a bee and I’m busy”, Tim? Are you trying to be smart here, Tim, because it’s lost on me?  

I also notice that you could do with a bit of help with your copy. Let’s take your first paragraph on your home page, shall we Tim:

  “Welcome to Mortgage Plus- With a long established history in the finance industry, and knowledgable, experienced staff, Mortgage Plus takes great pride in providing so many Australians with the highest levels of service and fantastic value. Our site is packed full of information to help you learn more about which loan is right for you but if you would like a more personal touch, one of our experienced consultants is just a phone call away. Fee free to call us now.” 

First the punctuation could do with a bit of help and you could also do with someone proofing of the copy – “Fee free” – does this mean there are no charges, Tim, or did you mean feel free, Tim. I’d also ask if you were an American, Tim. This would explain the use of the American spelling of knowledgeable, which is inconsistent with the rest of the site copy. 

I also like the bit that says “packed full of information”.  If you think this is packed, Tim, then we can be forgiven for thinking you might be prone to exaggeration, Tim.  Aside from the links I counted about 2 pages of copy in total. That’s about 400 words, Tim. Yes, I’d agree it was packed if it was a postage stamp, but it’s not is it Tim? It’s your website which I read from page one to page three in four minutes. That’s four minutes, Tim. Hardly packed. 

So, in the spirit of making huge assumptions about people’s jobs, Tim, I think I am better qualified to make assumptions about you than you about me, since I have more information. Here are my assumptions:

> You are running your business out of your Mum’s spare room, aren’t you Tim?

> You have had limited success, but like to paint yourself as some kind of fabulously successful entrepreneur. Am I right, Tim?

> You like to think you are smart and educated, don’t you Tim.

  However the evidence contradicts this doesn’t it Tim.  It suggests to me an armature operation, limited knowledge and a lack of attention to detail, so why should we value your opinion Tim, why?  Help me here, Tim, as I am as confused as the bee picture. 

PS – Mr Moderator. This is not slander as I have the right to rebut this fella’s perspectives on me. At the very least this should be left for viewing for the same amount of time Tim’s comments were up for all to see.  What’s good for the goose…..