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Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 4, 2012 - 4:04 am
Put the heat pump in and lend them an extension cord
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 4, 2012 - 3:38 am
You may want to consider the cultural demographic of the area and school as well. My experience was getting it wrong which made it extremely difficult for my bloke to adjust and fit in. Ended up a disaster. Took a lot of years to fix that one.
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 4, 2012 - 2:21 am
N@than wrote:
You say silver is running hard at the moment?… are you talking about silver miners share price or the price of the metal? I bought some silver bullion roughly 18 months ago for about $40/oz (yes, right at the peak ) and am yet to see them return to those highs! Obviously it is not a short term thing but I was expecting silver to do better then it has been lately!
I'm into miners rather than physical – more upside but more volatility. I hooked in at $37 so I feel your pain but I was always looking at 2+ years. I'm not smart enough to be a day trader.
Silver's trying to break and hold above AU$34. If it can hold above that then the next resistance level is $41.
It's a tiny tiny bit of the overall market so it's relatively easy to manipulate. I expect to see it smashed down again if it get's over $40 but ultimately it will keep climbing.
If the AU$ falls and silver goes to AU$100 in the future then your looking at AYN at 0.50 – 600% above now. Risk reward looks good at 3-5 years.
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 4, 2012 - 1:18 am
JacM wrote:
I am hopeful that Freckle will purchase a packet of Allans Freckles, lick one, stamp his face a few times with its coloured dots, and post a pic for us. Can't help but get that concept out of my head. Pleeeeeease Freckle??
Might have overdone it a bit….
………………..
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 3, 2012 - 2:08 pm
AYN (silver) NST (gold). Both are producing miners. Very little downside at the moment. Primary hedge is against a collapse (GFC event). I would expect an initial drop then strong recovery in price if this occurs. Secondary hedge is against currency. If the dollar falls off a cliff (which I don't expect) then they ride high on US dollar strength.
AYN is up 65% since mid Aug and 25% in the last 4 weeks. Silvers running hard at the moment. get your timing right and you kill the pig on these deals.
I sidelined NTS 18 months ago in favor of AYN. Cost me about $130k. Win some loose some.
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 3, 2012 - 7:49 am
More so resources as opposed to just mining. Mining still needs a substantial logistics supply line. Some of it specialised in heavy lift gear.
I'm a middle man. There's literally thousands of small owner operators out there who have neither the smarts nor time to chase loads. Then there's small logistic companies who struggle to find the right subbies with the right gear so they can chase contracts. One I was talking to the other day needs 20 trucks for 12 months. She only has 6 of her own.
My mate was doing loads out of Adelaide to WA for 5-6k. I do a few hours work and get him 11k for the same work and he cuts me 10%. I can put around 10k through his books per week per vehicle (he has 2) with very little effort. If I was dealing direct with the source I could get more but more headaches. Live and let live.
I could run and organise about 20 trucks on my own. Hard on the head at times but good coin. Outlay is a phone and computer. Nothing I don't have already. I can do it from anywhere as well.
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 3, 2012 - 6:19 am
jmsrachel wrote:
Freckle that's a good return for 15 hours a week. Care to share or hint what it is? My wife reckons its pimping but i don't think your that kind of guy!
https://www.propertyinvesting.com/comment/273034#comment-273034
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 3, 2012 - 6:15 am
bardon wrote:
the fishing is also deductible if it constitutes tax advice.
Sounds a bit fishy to me…. sorry … couldn't help myself..
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 3, 2012 - 5:37 am
DWolfe wrote:
What field is the business in that you make great cash flow from?
Transport and logistics. I've got a mate who keeps nagging me to organise work for him and his gear. I've been cruising the last 6 months and wasn't really interested in doing too much just yet but the old itch is back after organising a few loads to get him back from the east coast after he kinda got marooned there. I can't argue with 2k for a mornings work. That's led into another mob wanting to position logistic resources for 11 months. A deal that's worth around 3k/wk for 11 months for a few hrs a week.
I can see this going ballistic over the next 6 months so I'm yet to decide if I go hard for 12-18mths, make some good coin then pull the pin. We'll see.
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 3, 2012 - 3:11 am
jmsrachel wrote:
I reckon Freckle is a multi millionaire. Owns so much property his lost count of what he owns!
…………………..
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 3, 2012 - 3:03 am
DWolfe wrote:
Feel free to let us know your investing history, I think most people here have been quite open with what they have done over the years.
I have done twice already and here's a 3rd
https://www.propertyinvesting.com/comment/273009#comment-273009
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 3, 2012 - 2:57 am
JacM wrote:
what are you investing in
Small Cap miners – primarily PM's as a hedge rather than an investment. And business primarily my own
Quote:
are you more comfortable with your current investment strategy than with real estate
Absolutely. If I was 30 years younger property might hold some attraction for me. My objective is high cash flow with little to know capital investment. As soon as I make a lot of money I stop and have a time off. I like money but not at the expense of time. Asset rich and time poor is not a good outcome.
I'm just about to set up a new business. It should generate around $2-4k net per week with almost no overhead. Time – about 10-15hrs/wk.
I can do in a few months what many in property spend half their life trying do – generate a passive income. Very few ever actually get to be passive. All investments of a significant nature require a fair amount of time in monitoring, managing and refining.
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 2, 2012 - 9:31 am
You'll see 5 blue tabs at the top of the page.
Roll over "Learn" / select "Forums"
This will give you a list of all the forums and a brief description.
Click on the forum and at the top of the forum page you will see "Post New Forum Topic"
Bobs your uncle. Give the terms and Conditions a run through as well. This is one of the stricter sites you will get to play on.
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 2, 2012 - 1:38 am
Personally think it's suicidal to take $AU and invest them in €EU denominated investments. Spain has a ways to travel before it sorts itself out. In the meantime I see the potential for civil war there again as Catalonia pushes for autonomy and the Basque separatist movement has for the time being quietened down but is by no means over.
Europe's a slow moving train wreck and Spain is one of the lead carriages.
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 2, 2012 - 12:55 am
jayhinrichs wrote:
No checking accounts cash their pay checks at pay day places. deal in cash only
Yep. I can't quite see the local dealer standing on a street corner with his wireless CC terminal. You also having tipping which I suppose necessitates the need to always have cash.
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
October 1, 2012 - 4:24 am
kylermrice wrote:
Our corrupt banking system is the real problem.
ROFL..
Our guys aren't that far behind your guys. Don't worry Oz has a long way to go yet. Trying to do anything across State borders can do your head in. That's hard on a Kiwi guy whose been brought up in one synchronous system. Coming to Oz was traumatic to my sense of logic. Needless to say my relationship with bureaucrats can be turbulent at times.
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
September 30, 2012 - 2:31 pm
The check thing cracks me up. You guys are so last century.
I couldn't tell you the last time I saw a check. Be over 15 years now.
You couldn't rent a place in Oz if you didn't direct credit your payments regardless of who you are. Even welfare recipients here can't function without a bank account.
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
September 30, 2012 - 10:05 am
Derek wrote:
Having Freckle onboard helps keep the whole PI ship steady.
That's a lot of responsibility for one guy.
If I'm steadying the whole ship I want more pay!
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
September 30, 2012 - 5:35 am
1200 – 1500 should be your target range for a 2bdr unit. Simple split cycle systems are pretty cheap these days and replacement installs are straightforward.
FMG allow 2 hrs for a swap out in their mining camps. That gives you an idea of how much work's involved.
These guys are flogging 6.5kw reverse cycle units for $900. Your neck of woods too.
- 6.5kW Split System Air Conditioning Unit.
- Reverse cycle system – heating and cooling
- Brand New Units in boxes
Freckle
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@freckle
Join Date: 2012
Post Count: 1,680
September 30, 2012 - 12:42 am
2600 seems pretty high. Is it a centralised ducted system or do you have separate units for different rooms/areas