Forum Replies Created
casey
just hire a film crew & get 4 lucky couples to renovate the joint for ya
LOL
what I meant was, you sound amazed at the return they offer, but I have seen the ACR ad on tv like a thousand times, and they offer the same or higher returns. just wondering how you could have missed it.
Well said.
Some constructive criticism is ok, but all this negativity is useless and bringing everyone down.
Its not constructive, and its getting personal.how are they any better than Australian Capital reserve who advertise on TV all the time? surely you watch tv?
best thing to do in this situation is IGNORE the negative post (absolutely useless and a waste of time) so it falls to the back.
Gocats
And what happens if you lose your job or cant meet those HUGE repayments every time? Capital growth is not guaranteed, what happens if there is no growth?
It costs about $1000 to form a company. You need an ABN. Good practice in regards to what? buying property?
http://www.incorporator.com.au
cheapest option around
Steve I thought you were just being a bit of a wuss till I got some of the same treatment today. Geez, show people a different way of doing things and they treat you like the anti-christ.
GET OVER IT WAYNE KERRS
Lozza
Heres my favorite Star Wars quote:
“do or do not, there is no try”
That yoda was a wise old bugga eh
Actually my favorite quote is “laugh it up, furball!” but it’s not very motivational lol
Oh and how bout these little facts:
Colonel Sanders got 1099 rejections for his chicken before he finally found a buyer.
Billy Joel was about to commit suicide just before he got his big break.
“What doesn’t kill you only makes you stronger”
“I think, therefore I am”
“Success is not a measure of knowledge, but knowledge is a measure of success”
“Knowledge is power”
“it can’t rain all the time”
“work to live, don’t live to work”
“the road less traveled is……..” I forget the second part lol
sell to a developer with a 1st option or buyback clause
You can live there for a month or so within the first year, maybe do a reno.
You need proof of residency:
Drivers licence address change
Tax dept address change
Bills in your name for the periodNow you can claim the $7,000…..
“A drop from $250,000 to $110,000 is very rare in real estate.”
As opposed to what? shares doing that all the time?
Sept 11…..the all ords dropped about 10%, then rallied 25%
March 2003 (war) the all ords dropped about 10%, then rallied 25%
1987 was not a crash. It was a correction. Secondly, it was brought about by a massive rally over the year, and actually finished the year higher. Thirdly, most of the selling was done by computers with stop loss orders creating an avolanche effect. This problem has been fixed. A crash can never happen again, thanks to these changes and the PPT. Shares are CHEAP right now in Australia. Yields are higher on shares than bonds or property.
No, most people have never thought about positively gearing shares. Interest rates are usually too high and dividend yields too low. The current economic climate provides a rare opportunity. Dividends now provide the best income of any investment class, including bonds and property.
It is currently possible to borrow funds at 5.75% and invest in shares paying 7-8% in dividends. Thats the simple strategy, but there are many more.Dont you wish you had positively geared property 3-4 years ago? Thats what people will be saying about shares in 4 years….
I was happy to pay $30 for the book. Knowledge is power.
So its yesterdays news. The principles still apply. There will be other booms. Personally, I had no plans to buy property anyway, I just wanted someone to teach me the ins & outs of positive gearing. I read the book substituting every property word for the equivalent sharemarket word.
I now educate share investors how to positively gear share portfolios. Yes, it is too late for property. But shares are just beginning…….
Think of it like this:
famous stock market movies:
Wall St – late 1987
Boiler Room – early 2000famous property books:
From 0-130 properties in 3.5 yrs – mid 2003
see a pattern?
(course completed and ready to order)
A course on positive gearing for shares.
I dont really care for the fundamental or technical arguments. I have studied both extensively and find problems with both. They should complement each other, not compete against each other.
“I don’t to be a stick in the mud, but a lot of wealth guru’s promote option writing as a no risk venture. I presume when you say you write options you are writing covered calls. My question is this – would you write a naked put option??”
Option writing is certainly not risk free. However, a buy-write or covered call is LESS risky than simply buying the equivalent amount of stock. Since a written put is very similar risk wise to a buy-write (dividends and franking credits aside), it is common for traders to wrongly catergorise put writing as extremely dangerous, when of course it is not. It carries LESS risk than buying the stock outright, because the losses start from the strike price and not the current stock price. It is the same risk any share investor takes when they buy stocks.
Put writing can be an effective way of buying stock at a discount as I have already shown. Yes, some foolish traders go nuts with the leverage and get blown up, but thats not the options fault.
To me, buying shares and not writing calls against them is like investing in land. Sure, you might get capital growth, but look at the rental income you are missing!
Thanks for the input Mini
“As far as that top bit goes, I am always really nervous of people trying to jack themselves up by pressing others down. I think you should really wonder how that makes you look. the more negative and angry you are *against* everyone else, the more off-putting you become. it’s like you can huff and puff and the crowd you began to draw just all walked away.”
good point. might take your comments under advisement and make it less negative.
“maybe the only reason you hate testimonials now might be because you don’t have any yet???”
I dont hate testominials. What I dislike is fake testimonials. If people are so happy with a product why are they so scared to provide their real name and contact details? How easy is it to invent testimonials when you cant check anyway?
ps I got the nickname crashy 4 years ago because I was so negative about stocks. I am now positive about stocks, and negative property like the experts from BIS and REI.
Just because I hang on a property forum, doesnt mean I have to use the same crowd mentality. A balanced view and differing opinions are important in any discussion. I come here because the level of financial knowledge on this site is the best on the net, and I have learn a lot from people here.
