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Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of hareluyahareluya
    Participant
    @hareluya
    Join Date: 2008
    Post Count: 8
    June 14, 2009 - 12:00 pm
    crashy wrote:
    funny how 2 newbies with 3 & 7 posts are preaching how wonderful aussie rob is….

    please dont insult our intelligence!

    I suppose Pat Mesiti, Donald Trump, and Steve McKnight are also insulting your intelligence?

    And you with 761 posts should share the stage with Steve McKnight next time, so we can hear how great you are.

    Profile photo of hareluyahareluya
    Participant
    @hareluya
    Join Date: 2008
    Post Count: 8
    June 13, 2009 - 3:52 am

    What’s the matter with all those people with negative comments when they’ve not tried the system themselves?

    I thought many of you went to the Sydney conference and should by now have a different mindset than the average people?

    Perhaps I’m wrong?

    I have signed up to Aussie Rob and have been doing paper trading with vigorous reviews on my performance.

    There are many different strategies that you can use in trading with ARLT, I have used some of the following:
    1. Assuming unlimited resource
    2. Assuming a fixed capital
    3. Using stops and trailing stops
    4. Trading mins
    5. Basket trading
    6. Cherry picking
    7. Categorical trading
    8. Week trending
    9. Combination of the above and many others.

    Thus far, some strategies are proven to be no good: returns of -70% for the first month. I have since dismissed this strategy.

    Others are at the moment returning anywhere between 20% to 150% for the first month – or an average of 5% to 35% per WEEK.

    Now, I spend about 30 minutes each morning to do.

    Now for those of you says that it’s only paper trading, not real live trading…well, what can I say? I try to simulate it as closely to live as possible, including forcing myself into a trade if I said that I will yesterday and waking up this morning to find the trade have totally flipped.

    Risk management or money management is very important, and property investors do that as well. If you know the probability and you can work a strategy to win over that, then you’re in the money!

    A short reply to above with regards to win/lose trades.

    I have noticed that ARLT in fact triggers more losing trades than winning trades (and he says that on his website or training, I can’t remember), however, the losers are cut quickly and the winners are usually left to run. Hence you may have say, 10 losing trades at around $500 each, but 5 winning trades at $2000 each. So overall, even with more losers you still come out on top – and this is the risk management.

    Anyway, I’m in the RESULTS09 program, so if anyone is interested on how I’m doing, feel free to ask me when you see me in the seminar, however, if all you wanna do is question my performance, then I suggest that you leave me alone.

    I don’t want everyone to get the software in fact, so I can leave you all behind in my Maserati GTS jaw dropping…XD

    Cheers,
    Simon Yeh

    Profile photo of hareluyahareluya
    Participant
    @hareluya
    Join Date: 2008
    Post Count: 8
    October 16, 2008 - 10:28 pm
    magic32 wrote:
    So for the guarantor to have no assets in his own name would mean that he would need to show serviceability from employment income? What if the guarantor was a bit more wealthy and no longer had to work, and his income is from his shareholding in a business, and that would not be good for asset protection, what would be a good arrangement / structure there?

    That's a good point…

    Can someone explain further???

    We're still looking for an accountant in Brisbane area~

    Profile photo of hareluyahareluya
    Participant
    @hareluya
    Join Date: 2008
    Post Count: 8
    March 27, 2008 - 12:33 am

    MAC is great, but is any of the softwares available on this site able to run on MAC???

    By the way, I use a MAC myself!!! They're great!

    Profile photo of hareluyahareluya
    Participant
    @hareluya
    Join Date: 2008
    Post Count: 8
    March 26, 2008 - 11:14 pm

    Didn't quite expect Steve to answer my question personally, I'm flattered!

    A question with respect to your answer Steve, turning $15k into $100k within two years, it's a brilliant idea, but I did not quite understand the term "quick-turn" deals…

    This is a great forum, I've read through a few threads, and found many useful hints and tips everywhere!

    SteveMcKnight wrote:

    Hi,

    Thanks for your generous comments about the book.

    Sadly, the days of going out and buying a positively geared property are now generally over. This is because prices have risen in excess of rents, and costs of owning property (in particular interest rates) have risen too.

    Does this mean we should give up and look to other wealth creation opportunities? I don't think so, not yet.

    The lesson here is that we need to evolve our investing as the market changes. My recommendation is that people now look to create positive cashflow rather than simply buy it. There are a number of means of making this happen. However, my preferred model, which will be fully outlined at the upcoming conference, is to take small sums of money, multiply them into an investing bank, and then use those funds to buy good quality commercial property that provides an income stream.

    For example, in your case you could take that $15k and try to turn it into (say) $100k within two years (doing quick-turn deals), and then use that $100k to buy a $350,000 commercial property that will provide positive cashflow.

    Well done on asking questions. Keep looking for answers!

Viewing 5 posts - 1 through 5 (of 5 total)