Hi Wealth4life,

Just like you, I have no experience in investing in Gold/Silver or Mining shares

However, I've read a few books on investing in Gold/Silver in the past few weeks and highly recommend the following ones:

– Guide to investing in Gold and Silver (Mike Maloney – part of Rich dad group)
– The collapse of the dollar and how you can profit from it (James Turk & John Rubino)

If you want to preserve your wealth by buying gold/silver I'd recommend:

http://www.goldmoney.com

As for leveraging your profits even further with mining shares, that's something I need to do more research on, and something that would probably require the appropriate Family Trust structure setup.

One thing that concerns me however, is the recent news about introducing a 'resource tax' on miners in Australia. Initially I was thinking of investing in mining shares in Australian companies, but because of the proposed changes, I'm starting to lean more towards investing in shares overseas E.g. Newmont, Silver Wheaton.

Hope that helps!

Kong

Hi MrProperty,

I don't know much about Coberg – The first time I heard it mentioned was at a seminar by Mark Rolton. He said something about the government spending billions of dollars on Coberg, and 'Where the Feds are spending their money, is where you should to'. Using this information you could deduct that the prices of properties in Coberg are likely to increase.

Who knows… they could reach the $1,000,000 median mark just like many of the other suburbs surrounding Melbourne

Kong

Hi guys,

Does anyone know if we are allowed to bring notepads/pen to take notes at the '3 day mega conference'?

"PropertyInvesting.com Pty Ltd and / or its agents own the copyright to the material, both oral and written, presented at
the Conference. No portion of this Conference, including notes or other materials may be recorded or reproduced in any
way or by any means without the prior written consent of PropertyInvesting.com Pty Ltd."

I sent an email about 1-2 weeks ago, and haven't had any replies

Kong

Heya Clint,

Provided you no issues with finances and sharing your profits, you should consider teaming up with another investor who has a lot of time on his/her hands, and/or ask for a longer settlement date e.g. 6-12months

Regards,

Kong

Hi Andrew,

Personally I think $45,000 is quite a lot, and even if he can 'guarantee' 10% per annum it would still not be worth it, as you would still be losing money. Rather than spending such extravagant amounts of money, you would be better off spending a few hundred dollars buying reports from http://www.residex.com.au/

Regards,

Kong

Hi Richard,

No, a good reputation does not mean repeated actions by ASIC – knowing this fact your alarm bell would probably go up, and you would want to do further investigations on why ASIC took those actions on Wayne Ormond, and then you would have to weigh the risks/benefits of doing business with Refund Home Loans. And you are right, you cannot base your decision on what other people say (i.e. just a few very happy franchisees and customers), but you need to do your due diligence

I'm glad you pointed this out, and its good to know that we have Finance Brokers like you who are up to date with the news in their industry, and who educate the public on finance matters – Keep up the great work Richard!

Regards,

Kong

Hi Matt,

I would like to commend you for thinking about investing so early on in your life, and am glad to hear you have so much support available in your family – you are already off to a very good start, and the fact that you have already saved up $25,000 despite only being 20 years old, shows something about your character. Most people your age only care about 'instant gratification' and having fun now, without thinking about the impact their lavish lifestyle will have on their financial future. Once, again I commend you for being different from the crowd…

From what you have said above, I understand you would like to invest but don't know where to start and how to go abouts it. My advice is the same as ouchiemama – 'take it one step at a time'. Before you start investing in properties you need to invest in yourself first (E.g. reading books, watching DVDs, attending seminars) and do some serious/honest thinking (ask yourself what you want to achieve out of investing, have strong 'whys' and set yourself a time frame – but be realistic). By having clarity in what you want, you can then be more specific on what strategy to use, who to target etc… and then you can just go for it!

Hope that helps!

Kong