Forum Replies Created
- rusty05 wrote:So where do I sign for your seminars Freckle??
I'd feel bad taking your money when you can get what you want for niks.
There's a 24/7 seminar called the World Wide Web. It's mostly free
Rent at 138 with 21 listed as new listings.
Supply is definitely outstripping demand and the number of properties listed in Port Hedland (as opposed to Sth Hedland) is massive. Port is more expensive so I suspect a migration from Port to South to find cheaper rentals may be occurring. Rental churn?
For sale is sitting on 213. Where did all those listings go from back in mid Nov 12 ??? There doesn't appear to be any sales since Nov 12.
C2 wrote:Whilst on the subject of wealth Toyota is posting its first profit in 5 yrs thanks to strong exports and weaker yen.Its a bit of feel good rubbish to prop up Abe I suspect.
Some basic facts about Toyota. It doesn't export. It has over 18 production plants located in its major markets along with another 8 or so subsidised JV in largely 3rd world countries. My guess is that its accounting practices locate it's taxable income in the most favorable economies. I seriously doubt it holds much of earnings or wealth in Yen.
The Yen thing is a smoke screen. Over the last 10 years the yen has been high 8/10 and its latest profit was when the yen was high. It's productivity boost is more like due to stimulus in some of its major markets like the US.
Japan's next challenge with a lower Yen is how it handles the input side. Tough in the bottom 1/3 of the populace who are either below (1/6) the poverty line or just above it.
Just had a friend stay a few days while doing business in Perth. She runs a med screening service in the Pilbara. The same stories are starting to filter through from there too. Work groups are being dropped back to 8hr days, some are being warned that they may need to take holidays soon, employment is on hold and some mobs are shuffling workers around various jobs to keep them busy. There's a kind of hope that activity will pick up as major works projects come up for final approval. The general consensus I see is that at least 90% won't get across the line.
There's a strong possibility that iron ore will drop back 2H 2013 and with the wind down occurring at the same time I see a confidence issue developing in WA.
It'll be an interesting time I'm sure.
Mainstream Media massage the employment data to try and convince the masses their government is on to it. I think this guy is more on to it than most.
David Rosenberg and 16 Reasons I'm Not Buying The Employment Report
Red Feather wrote:I will be at the Sydney event. 2+ hour drive for me, too plus I have a 14 week old baby in tow so bringing the other half to assist with babysitting throughout the day. Big effort so really hoping the session is worthwhile.In less time that it will take you to drive there and back I could assemble all the knowledge (and more) he will attempt to impart and all the software tools I need to get started.
Quote:I got the impression the focus of the day is to develop a passive stream of income from a website, a bit like one of those "e-book sales" sites on common health problems and things like that. Have I misunderstood?Online businesses are anything but passive. They require huge amounts of work and commitment up front and continual tweaking, modification, testing and assessment to remain even remotely viable.
Quote:There is a similar sounding event being run by Sean Roach but tickets are free. It is touring Australia later this month. If anyone is interested I can post the link…Self anointed internet gurus are a dime a dozen. They all operate out of the same playbook.
The focus of these little tours is not to help you become the next best online retailer. It's to develop you as a customer for more seminars and other associated digital products.
The point is that if you can't figure out the simple stuff like this on your own with your own resources then your unlikely to achieve anything substantial yourself. The successful innovative people out there are driven self learners. You have to be able to develop self learning skills. You can't run off to a seminar every time you run into a knowledge/skill roadblock.
I know Ziv thinks things will all get nicely sorted out with China but the reality doesn't support that contention at this point. I have a sneaking suspicion that China is actually enjoying pushing Japans buttons. 1) a bit of payback for WII 2) to test the US resolve and 3) disable Japan economically. I don't see any love lost there at all.
http://www.zerohedge.com/news/2013-02-05/chinese-warship-prepared-fire-japanese-destroyer-last-week
Here's my analogy.
We're all on the Titanic. In 2008 we hit an iceberg and now we're settling in the water. The pumps aren't keeping up. Meanwhile the crew are still shagging around rearranging the deck chairs in the belief that the engineers can patch her up.
There are those who do not know the ship is even sinking. There are those that believe we will be saved somehow before we go under. There are those that still hang onto the belief that she is unsinkable.
The smart money has found/bought a lifeboat and left. Lifeboats are expensive and most won't get a ride. They will have to take their chances in the water and hopefully be picked up before exposure gets them.
So get a flotation device ready and do what you can to insulate yourself from the coming cold.
C2 wrote:Freckle's there will always be those who can make money in troubled times and most of those are people with positives attitudes who tend to go against the 'norms' of things. Japan may be heading for troubled times but with good due diligence there are rewards waiting in the wings.I'm sure there is. That's never been my point though. More to the point is how do you preserve what wealth you have been able to create when politicians and bankers collude to relieve you of it at every opportunity.
Quote:For me it's time now to stand out in the garden and watch the dolphins play.Not near the Kii Peninsula I take it.
The US already had a substantial trade deficit prior to the GFC and that trend was a divergence between export vs imports. Post GFC that trend has quickly re-established itself. Note: if you compare trade export falls with unemployment above you get a fairly good correlation. Note the tail of 2012 and the down trend in exports.
A micro view of the trade balance..
If you look at the last column (2012) you see a reduction in the deficit but that it reverts fairly quickly heading toward that continued growth trend in the export deficit
Yep a recovery is on the way……
MISH'S
Global Economic
Trend Analysis
Does anyone out there possibly believe price inflation is a mere .60%?
- With the GDP deflator (the official measure), the reported GDP was -.14%
- Using PCE (personal consumption expenditures) as a deflator, GDP would have been -.77%
- Using CPI (the consumer price index) as a deflator, GDP would have been -1.56%
- Using ShadowStats CPI as a deflator, GDP would have been -4.3%
gags327 wrote:I am still undecided weather to attend or not. I would be interested in hearing of other people's results that are doing his course from the seminar last year.This is how I do this sort of thing. If I run onto or look at a new business venture I assess the business opportunity on its own merits such as start up costs, expertise/skills required, market size, competition, regulation, margin, etc etc. That indicates if its at least feasible. If someone else can do it I assume I can too.
If I like what I see I look for successful examples in the marketplace and study them for business model, market share, differentiation etc. I'm also interested in poor performers. Why are they struggling? Under capitalised, lack of expertise, product/service demand and so on. It's just as important to understand what works as well as what doesn't.
At some stage I'll either kill or put the idea to the test. For every business I take on I probably assess at least 10.
Quote:I have had some experience in online business with some small success but found it very time consuming. I believe with the above comments in that you need to find a good idea and be able to spend a lot of time on that idea.Starting a business is hard. You need sufficient capital to get to breakeven, a proven business model (or slight variation on a theme) and most of all determination and stickability.
Gehl sells punters an online model and teaches/coaches the key components of that model. The model has been around since the late 90's with only a few refinements. Most of the change has come in terms of tools to execute promotion and marketing strategy along with cheaper and easy to use tech tools like site builders.
What most don't realise is you either have it or you don't. Most think they do but soon find out it's much harder and requires much more than they are socially, psychologically and physically capable of giving. The success rate for online business is much lower than the offline world and that's 80% die within 2 years. Have a look at how many online businesses there are and then look at how many successful ones there are. It's less than 1%. In fact it 1% of 1%.
If you're at the bottom of the learning curve or want to start a business you have to start somewhere.
markintownsville wrote:How do you claim back the GST freckle?I'm assuming one is registered for GST if not I think you get a tax break on the total (incl GST) amount. One of the number crunchers here could clarify that though.
You're not out of the woods yet.
I would engage a good business insurance broker and make sure you are comprehensively covered. Even though he may have the property insured that may not absolve you from all liability. His insurance company may hold you responsible for something it interprets as a failure on your part or negligence. Say storing flammables or electrical set ups for example that exacerbated or caused a fire. You might have a situation where damage is to other persons and property outside of his coverage.
The thing about comprehensive cover is that regardless of who's wrong or right you simply hand the claim over to your insurer and they fight it out. Peace of mind.
My guess is you will need copies of his insurance to understand your situation and exposure. Ask for them in writing with the reason being so that you can ensure you are covered adequately in case of an event.
Absolutely demand a copy of the insurance policy.
Terry can correct me if I'm wrong but if a contract or lease doesn't specify who is liable for insurance excess' in an insurance event then liability cannot be inferred.
Talk to Engelo Rumora. (He's the forums favourite son)
https://www.propertyinvesting.com/user/engelorumora
Engelo's a pretty switched on young guy and honest as the day is long. If you want to jump on someone's coat tails you'd struggle to find better. He's running a group over there at the mo' doing reno's I believe.
Run a mile!! People like these are absolute nightmares when push turns to shove. Never ever known a deal that was ever worth the drama when things turn to custard with these types.
Spooky!! You don't have feathers and circle at great heights do you?
A lease is just a contract.You can negotiate anything in or out. Up to to you. Commercials they try and sucker the lessee into paying for everything. Had one in Port Hedland. Told them to scratch a whole bunch of stuff or they could shove it where the sun don't shine. Virtually neutered it into a standard residential rental agreement.
