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  • Profile photo of god_of_moneygod_of_money
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    October 23, 2008 - 6:36 am

    Woo.. IF went bankrupt??? such low life practice… sooner the better
    Where is the moderator who always like to cover up the bad story and deleted the post? The Excuse is defaming etc…
    The truth is out there….mike

    Profile photo of god_of_moneygod_of_money
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    October 22, 2008 - 9:07 am

    Live long non-bank lender….
    Pity to Wizard franchisee… they lost $$$$$$
    their products are NOT competitive at all…
    Where are Mark Bouris or Aussie JOHNS  who always talking RUBBISH wanna to challenge the banks…..???

    Profile photo of god_of_moneygod_of_money
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    October 21, 2008 - 12:17 pm

    It is just a history for 100% finance…. probably you will find it in the next edition of microeconomics text book for high school and uni students.
    And non-bank lender providing 100% finance… you can visit them in their graveyard… It is just the dream… which has came through.

    Cheers

    Profile photo of god_of_moneygod_of_money
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    October 21, 2008 - 12:14 pm

    And also…probably MAX LVR << 70%, because it is a high risk investment

    Profile photo of god_of_moneygod_of_money
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    October 21, 2008 - 12:13 pm

    I hate to say.. but serviced aparments around chippendale/surry hills/ camperdown are dud investments.
    I guess that the ROI is probably 6.5% to max 7% but after strata fees and high cost turn over/management fee
    the difference is probably MAX 0.5-1%.

    Profile photo of god_of_moneygod_of_money
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    October 21, 2008 - 5:38 am

    Wow.. removed due to

    [Removed due to questionable content at the request of Park Trent Properties Group Pty Ltd]

    Seriously… where is the Freedom of Information?
    I am so scared that the moderators in this blog are related to Park Trent Properties…. (but they are of course too afraid to disclose). ?Steve Mcknight is also related with Park Trent?

    Has anyone checked with Department of Fair Trading? or reported to them?

    Profile photo of god_of_moneygod_of_money
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    October 21, 2008 - 5:31 am

    Work harder or rob the bank?

    Profile photo of god_of_moneygod_of_money
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    October 20, 2008 - 10:28 am

    7.55% is very competitive in fact the lowest variable rate available in the market.

    It is good for 1st home buyer or investment loan with simple structure.

    I did ring them regarding investment loan under DFT… and they said that they need at least 2 years tax return before they can open an account.

    Nevertheless, they have superb features with access through ATM/eftpos But unfortunately NO offset account (major set back)

    Rated ***** by Cannex, Smart investor, money magazine etc… Can't ask for more.

    I am not sure whether you could get cheaper from ANZ Professional package with the latest 0.25% disc??? Can anyone elaborate on that>?

    Profile photo of god_of_moneygod_of_money
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    October 9, 2008 - 3:07 am

    I thought that few months ago.. SCAMP was predicting the interest rates are hitting through the roof…ie. 10% or above… (look at his/her past review).. but it is now heading towards 5%… WRONG prediction again… !!!

    Sure we are not sure the bottom end of this crisis.. but I bet that we are closer to the bottom end than 12-18 months ago… If all ords can fall another 2000 points reaching 2400… Australia's economy will need to grow at least -100% (i.e. tsunami hitting major east cost cities)

    Profile photo of god_of_moneygod_of_money
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    October 9, 2008 - 2:59 am

    Hi Kevin… That is what exactly I was doing over the last 12-18 months pluging cash into PPOR loan.. my understanding the market has changed and in the current market… as IR is falling  and dividend yield is more appealing in the next 12months.

    I still don't understand why people are selling while the market is crashing…. Isn't it time to buy.. remember 1987/1997/2001?
    When all ords hits 6800.. BUY BUY BUY….but now… look at broker recommendation… HOLD or SELL… isn't it stupid?

    Profile photo of god_of_moneygod_of_money
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    October 8, 2008 - 11:12 am

    Yes I do agree Terry… brokers who advised 'non-bank' lender should be put into jail…. eeeehehe…
    I heard alot re: RAMS, WIZARD, Peppercorn etc…Sure.. they will dismiss soon… just wait the time..
    Aussie John was loud about competing with bank only 2 years ago.. but Aussie home loan only passed on 0.75% c.f. bank 0.8% and worse still sold his business to CBA… it is a laughing stock.

    Profile photo of god_of_moneygod_of_money
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    October 8, 2008 - 10:54 am

    Well… 4 years ago people are buying into apartment yield for 4.5% in sydney
    Now with rental increase and falling property price with falling interest raes… and 'newish' apartment are yielding >6% plus depreciation= 8%plus ??? Sure it is much much time on today price and few years back….

    Look at brokers were telling investor to buy buy buy last year… but now sell sell sell… It is really confusing…
    I thought it should be reversed… again time will tell…All ords at 4400-4500… sure looks much better than 6500??

    Profile photo of god_of_moneygod_of_money
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    October 8, 2008 - 9:11 am

    Lots of negative commetns when market is diving…
    but if you look back 3-4 years ago in this forum…. lots of buying activity…
    Why everyone get scared when market is diving?? I m more afraid when market hits its high

    Profile photo of god_of_moneygod_of_money
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    October 8, 2008 - 9:03 am

    I am confused…. interest rates on the way down.. with prediction of some economist predict further cut next year…
    Used to be lots lots of bullish comments about investment when the interest rates reaching its peak…bla bla bla long term value…

    dividend yield 10% and rental price still on the way up (better than 3-4 years ago)…. I can't understand why people shunned away from investing…. recession.. yes….. but is this time to buy… lots of preaching…buy low sell high???? I am not sure I got it wrong from invesment philosophy. Correct me if i m wrong

    Profile photo of god_of_moneygod_of_money
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    October 7, 2008 - 8:55 am

    It is like buying Babcock and Brown or Macquarie Bank at their heights….
    The question is : Can the rental price sustain A$ 1300/week for the next 10-15 years?
    Sure it is cash flow +ve for now.. but how about in the next 2-3 years…. ???

    Dow Jones Future Commodities index took the worse decline in the last 50 years… and Shanghai or Bombay Index also get hammered by 1/2 of their value… lots of talking about booming of BRIC economy…. the truth is they probably will get the worst hits and you can tell the consequence of small to medium mining companies…. remember Poisedon ????

    Profile photo of god_of_moneygod_of_money
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    October 7, 2008 - 7:39 am

    They should be put into jail :)
    I think the fine is nothing to them….JAIL

    Profile photo of god_of_moneygod_of_money
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    October 7, 2008 - 7:37 am

    I think we are in the verge of recession…small to medium mining companies will collapse sonner or latter .. look at Dow Jones future index on copper/iron ore etc… it has the worse decline in the last 50 years… yet asian market is also get in trouble with Shanghai index/Hangseng/Nikkei all drops to 4 years low…. Time will tell… hopefully RIO/BHP will back to their pre-booming price again… Good luck like Babcock and Brown back to the duck where they suppose to be.

    Profile photo of god_of_moneygod_of_money
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    September 25, 2008 - 9:50 am

    why not get them courried to you with registered mail
    or deliver the parcel personally?

    Profile photo of god_of_moneygod_of_money
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    September 25, 2008 - 7:48 am

    Another glowing reference in the doom market… hm…
    A$100,000 tax free income in 10 years… you must be Dreaming in the la la land…
    It is probably KY that got that much of money in 10 years … TIC's investor….on the way to hell :)
    Good luck.. and enjoy your loss

    Profile photo of god_of_moneygod_of_money
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    September 25, 2008 - 7:44 am

    My suggestion:
    Why not you write a letter to current affair or give them a ring about your problem?
    I love to see them being exposed in front of current affair's interview…

    Cheers

Viewing 20 posts - 781 through 800 (of 949 total)
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