Um…the Gov. will only give back what you have PAID in tax. If you have deductions and you are on the 17% bracket, you will receive back 17 cents in the dollar, not 83.

Cheers,

Chris B
http://www.tradingsecrets.com.au

“The dog barks but the caravan moves on…”

Chris B
http://www.tradingsecrets.com.au

Thanks Dave & Steve & behind-the-scenes crew.

What a great weekend! I would describe it as a huge smorgasbord of info that made it clearer where my future focus should be. I agree with Alina that the seminar finished on a note of confidence.

The role plays were especially effective to experiment with new techniques and strategies.

Great to meet some of the faces behind the names on the forum too.

Cheers,

Chris B
http://www.tradingsecrets.com.au

Hey Grizzly,

This, unfortunately, is an all too common story.

I think there were two factors that worked against your friend. One was getting caught on the wrong side of leverage and the second, believing he was on a “sure thing”.

1)

From my experience with sharemarket investors, there are many who have not understood that leverage is a twin-edged sword and have decimated their savings/superannuation/home equity with astounding speed.

It is a sad fact that today, when someone approaches a broker to buy some shares, they are usually presented with an application form to open an account and given an application for a margin loan. There is a common misconception that using leverage has no downside and if you get into trouble it “must be the broker’s fault” and besides, you can always sue.

2)

Investors and traders seem to be eternally on the search for the ‘Holy Grail’. The no-risk investment. If someone says “You can’t lose”, run the other way.

Risk and reward are inextricably linked and if we are willing to accept this and have a plan that recognises this fact, we are on the way to sustainable, profitable investing.

(Praying is not something that is recommended as part of your investing plan.)

Cheers

Chris B
http://www.tradingsecrets.com.au

Edited by – [email protected] on 12/07/2002 8:34:02 PM

I assume the agent told you about Ian Thorpe buying here.

I also assume this is meant to give credibility to the project.

The ‘Halo effect’ is where someone with expertise in one field is attributed with expertise in another unrelated field.

Thorpy may be be an expert investor for all I know but it’s a good idea to heed Steve’s advise about fact and opinion.[]

Chris B
http://www.tradingsecrets.com.au

Edited by – [email protected] on 28/06/2002 1:20:03 PM

Hi CD,

I don’t think you can assume a mortgage in Oz. A shame really, it sounds like there are some creative solutions available by assuming loans.

Cheers

Chris B
http://www.tradingsecrets.com.au

Hi Tara,

When you’re going to live to 100 plus [], your age is not so much of a factor is it? I found the free articles on the http://www.propertyinvesting.com site were good to get more of a handle on strategies, mindset, direction etc.

Cheers

Chris B

I get the impression that commercial property is quite a different animal to residential so I’ll be looking forward to the next newsletter Steve. []

Chris B
http://www.tradingsecrets.com.au

Hi Christine,

I am a renter & have been using my spare funds to invest for many years now. There are a few things to consider on this subject, some of which are not only money related.

Some people like the feeling of security they get by owning their own home. If this perceived value is your top priority, home ownership is fine.

If owning a home is of little importance right now & you believe you can leverage your money better by proactively investing, stay renting & get investing.

Don’t let people guilt you into buying a home when this is not in line with your goals. This is your game.

AD is right, you need to decide what you are out to achieve.