I find it very unethical that he can say “Rich Dad….is a pack of lies. My initial reaction to hearing about Dolf De Roos was that anyone who would associate themselves with a liar should not be trusted themselves.” when referring to Dolf De Roos and Robert Kiyosaki.

My opinion is that John Reed has different goals and strategies to that of…[Read more]

hey darfeldz!

I’m in the exact same position!. Finished uni 3 years ago and poured money into international manged funds (me and the other lemings!). Now i’m screwed – big paper loss!. I’m now seeing a finacial advisor to restructure this and have leared a lot on what whent wrong.

And here the thing… although property sounds good now, i…[Read more]

what makes a good tenant? – someone you would like to live with!.

How do you attract a good tenant and keep them? – get a good agent and follow the rules of RTA (including the owner!). (had one bad owner regards to this once).

I speek from 7 years or renting experience. I am an excellent tennant myself (my last place i rented the agent…[Read more]

of course you could turn your home into an asset by renting out a room to a student etc – its tax free cash in hand and will eventually become +ve geared – provided you can live with a stranger in your place using your stuff.

the fastest way to do this is cut up your credit card and start paying cash for everything – and learn to negotiate better prices for things you pay cause your paying cash – i.e haggle at every opertunity.

Do up a budget in excell (and you can track your expenses here to).

have 2-3 savings online accounts that automatically redirect money to…[Read more]

I’m currently looking into hedge funds myself. I hope you like maths and stats cause the reports are quite technical (which suits me). Hedge Fund of Australia is a company that is a “Manager of Managers” infact a lot of the hedge funds are the same. go to hedgefunds.com.au for more details. A cheaper option is colonial 1st state global hedge…[Read more]

ok so you got it for 145k. whas that the whole dublex (+ve geared) or 145k each and therfore -ve greard. BTW what was that the asking price – or was 145 k below the asking price.

Sorry about the spelling errors – my typing has trouble keeping up with my brain!

I’m currently renting an apartment that cost the landlord $100 000 for $150/week ($70 if i get a flatmate) 3km from Royal bris hoptial. from your 11 sec sol the apartment was woth $75000 so eiter landlords -ve gearing or my rent is a bargin Q. is this correct?

Now: Q: Would it be better for me to keep renting here and buy a unit or town hose in…[Read more]

(ok got hang of this now)
So I ment to +ve gear the funds but just as i got them they tanked and i didnt have the heart to sell out so spent the time learning about what whent wrong while waiting for the next boom to come (2004-8??). mean while i save up for deposit on something. Anyway I digress.

I’m eligable for 1st home owners grant and a…[Read more]