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buy installment warrants of shares that are going ex-div., collect the dividend and then sell, moving onto the next trade.
Has worked extremely well in my super fund, better than any rental income, managed fund etc.my husband is an A grade electrician, but actually has an appliance repair business.
We get an electrician to do our new wiring safety switches etc and he gets it checked by the appropriate person in order to get a certificate(cost $100 extra).
My husband hasn’t the time to do the wiring and doesn’t do this sort of work regularly, so he leaves it to an expert.
I would not take any risks with wiring.why even have the furniture, can’t you just throw it out?
Add furniture and they break down or become faulty, you are up for replacement or liability.Agree totally with Richard’s comments.
no such thing as get rich quick, been there, it doesn’t work.
Trading: I’ve tried numerous things, for the amount of energy, effort, time and stress spent you get exactly nowhere.
It doesn’t matter what assorted software sellers, books etc tell you.
The ASX website is an excellent source of knowledge.
If I have some cash, I would consider installment warrants and covered calls.
The web site tells you about that strategy.
Property is similarly not a short term capital gain but good leverage.
Have you got your own home?, that’s a great start for financial security.i would set up a growth share portfolio as per Allan Hull Actvest newsletters, web page, http://www.alanhull.com.
I have done very well with him.
Also buy some blue chips shares or installment warrants and write covered calls over them.
See the ASX web site which gives a lot of information on this.Property: forget it just for income, only buy if you can add value or it’s going to have rapid capital growth (unlikely at present), see Steve mcknight’s last newsletter.
I buy only dual occ potential properties, to add value by getting plans and permits and subdividing. You have to know what you are doing and it took me a while to figure out! No one told me.Another good income stream is commercial property via property trusts, eg Cromwell, i have brought for my super usually return per month about 9% and very steady.
Consider setting up a company structure and trusts for assett protection, eg shares in one trust, property in another trust.
It’s a good idea to not place all your eggs in one basket, I have also learnt that lesson.
Diversify and if one investment goes pear shaped, other are likely to do well. I do my own research and ask experts if necessary.
Dare I say it, I don’t use financial advisors.
Hope this helps.On saturday I signed a sales contract for my hotel unit at Magnetic island, capital loss 90,000, yearly losses over 6 years: 12,000.
I paid 105,000 originally.
You are talking about investing about 600,000?
I would suggest you are heading for financial disaster.
If you have and must spend that money go for something free standing by the coast.
We have sice heard that managed resort developements up and down the QLD coast have a 100% failure rate, yet people are still being sucked in.
I will continue to advise anyone who writes in against this, it can’t save my loss or my fellow investors, we have collectively lost 10 mill., but it might save your financial future.To me, those properties looked mostly “dumps”.
Is the population stable?
Are these places rentable, what is the infrastructure.
I wouldn’t be buying just for the sake of it.from personal experience its a slow process and has only started to happen to me this year.
I’ve worked and stressed 15 years, going from 6 different job locations to only two.
Made some very significant investment errors but one lucky break and we are now on the way.
I work two full days, can take my son to and from the bus stop, help with his homework, do all my paperwork, start to look at shares again and mange my investments.
missed the early days of coming to school and readingin class for him.
He’s now 15 and I don’t think would be wrapped in that idea now.
hope to just about retire in 3 to 4 years, in our 50’s, travel, go to the beach, some fishing.Rentals, people still seem to prefer houses.
Body corp fees, can take away up to 3 months rental.
Land value, minimal with units/apartments.
Resale: much bigger audience with house and land, as this tends to be prefered by families and “mums and dads”.Keep away from HK, good on you Neil Jenman.
I am not sure its that expensive, I think it might be less.
Its fully tax deductible, he’s an accountant and financial adviser, I paid thru my superfund.
I would say worth every cent.
He starts from the basics, setting up a structure, assett protection, how to select property, setting up a SM superfund and the last bit is off shore towards retirement.
He does not sell property, eg he has no agenda to sell you anything, he gives you the big picture, its up to you how you want to use the information.
If you are new to investing, it may prevent you from making some expensive mistakes.
Its basic common sense.He’s not into wraps and seems to be not into shares.
He is absolutely above board, he has to be!
I’ve been to seminars much more expensive and they were absolute useless crap and financially dangerous.
that’s about all I can say.Please consider Ed Burton At vitallink, ph 0237 7682, http://www.vital-link.com.au,
he is holding a seminar in Melb 29th to 30th Nov.
I went to his previous seminar and found him very very good, he covers all aspects, such as assett protection, how to source properties, superfunds.
He doesn’t do wraps like steve, but the best value around, along the lines of Steve.Yes do you really want to know about my sorry saga with other fellow investors of an 8 million loss in serviced hotel units at magnetic Island, be very careful and get a commercial solicitor to advise and read previous postings.
Crashy, your name appears on the sharefinder forum as well. I presume you are trading the osprey system, my sister Angelika is very actively trading and generating significant cash flow.
I will be planning to join in next week, when my CFD account has opened.
How did you go with your job interview, any good?
I also have thought of buying some installment warrants to write cov calls against and generate extra income. As I understand, no margin calls with installment warrants and they are self funding with the dividends.
We are slowing down a little with property, too overvalued, too much gearing.
Hoping to realise a CG on one soon.
Thinking of diversifying more into shares, more liquidity.Using Allan Hull and Spa to select the shares.Don’t rely on agents to go on a fact finding mission for you.
Agree totally with above,if the area is no good, walk away, there will be plenty of other deals, maybe thats why the house is so cheap.Thats right, ususally very little outlay by yourself.
the product, if there is one, tends to be quite nebulous and promises huge things with really no evidence or scientific support.Hi Aaron, I’ve worked it out!
at least my computer whizz son did.
Click on profile, click on submit and then you can change your field.
well, regina is now Reggie and remains a silver member.Oh dear, here it goes I am 47.
Wish i started at 25, but didn’t even know what an invest property was, let alone PPOR, too busy enjoying life, travel and spending money.
Big panic and catch up mode at age 40 and many mistakes, but on track now, best of luck!Hi Westan, only working part-time since Feb.
Finish work by lunch, get home, do my book-keeping, check emails, read and write to the forum, watch dr Phil on TV, I think he’s great.
Pick up my son from school bus at 4.15.
My next move is to start into share investment and short term trading, go slow on properties, start some debt reduction.
all possible by making a big CGain on 1 property and awaiting CGain on another, its on the market.
I am a little bored here and there but life is much much less stressful.
Overal, its wonderful!
I feel a different person.I also seem to be one of a few with real name, but thats because I haven’t worked out how to change it to an alias.
I suppose if you cop flack for saying something, at least its under an alias.
