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  • Profile photo of ksheatherksheather
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    @ksheather
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    August 14, 2003 - 2:26 pm

    Why do accountants earn so much money?? I am just as qualified as them, albeit in another field and I only pocket $75 an hour!?!

    If theres wealth management going on, its probably theirs!

    Profile photo of ksheatherksheather
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    August 12, 2003 - 1:50 am

    This question seems like asking the Pope whether he likes what the Bible has to say.. :)

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    August 12, 2003 - 1:48 am

    Yea the forumla is simple, if you have less expenses than income, anything will generate a profit. VERY VERY SIMPLE STUFF!

    Work out what expenses you will incur, work out what income you will generate, and then simply subtract one from the other, its not magic just commonsense :)..

    Profile photo of ksheatherksheather
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    August 12, 2003 - 1:45 am

    Ask an accountant. I believe structuring your investments to avoid loosing a support payment could be illegal, I would strongly advise seeking professional advice.

    Profile photo of ksheatherksheather
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    August 11, 2003 - 3:31 am

    1. Ask an accountant.

    2. If you wish to do something like that, you must actually distribute the funds, not just on paper. If you wish to loan the funds back to the trust, you would have to do so on a commercial basis, with a commercial interest rate. Ie you would need a loan contract between the two parties charged at market interest rates.

    3. Refer to 1.

    Regards,
    Kristoffer Sheather.

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    August 9, 2003 - 4:53 pm

    It doesnt matter whether it fact or fallacy, the immportant thing is that it inspires you to change your way of thinking, to open up to a world of prosperity and abundance, rather than a world of limitations.

    If the books change your mindset in this way, would it matter whether its fact or fiction, I think not.

    Keep things in perspective people..

    Profile photo of ksheatherksheather
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    August 9, 2003 - 4:47 am

    1. No one else can tell you what is an acceptable rate of return for you; only you can.

    2. Create an investing strategy and write it down on paper. You need to detail your key investing tenets, eg goals, acceptable risk, area, exit strategy, capital growth or yield etc.

    You and only you can decide these goals for yourself, and for anyone else to say this is or isnt within ‘acceptable criteria’ would not help the situation. You must take responsibility for your own investment needs.

    Profile photo of ksheatherksheather
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    August 5, 2003 - 11:59 pm

    Sounds too good to be true, and what sounds to good to be true usually is. I would say BEWARE in capital letters and make sure you do your due dilligence and read the fine print.

    Profile photo of ksheatherksheather
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    August 5, 2003 - 11:56 pm

    So let me get this right, you have a broker that will lend to you to purchase shares at %95 LVR? Thats strange because most margin facilities will only lend up to %70 LVR.

    Please let me know where you are sourcing such cheap funds then we will all be in for it.. are you sure you are not just using a home loan LOC to fund this purchase?

    Profile photo of ksheatherksheather
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    August 4, 2003 - 1:21 pm

    Depending on your personal circumstances, it may be advisable to purchase in a Trust. This all depends on how many properties you are going to hold, as the overhead of establishing and maintaining the trust is relatively high.

    The trust will allow you to distribute income to beneficiaries as you see fit, ie to the lowest income earner to save tax, and also offers a measure of asset protection.

    Regards,
    Kristoffer Sheather.

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    July 31, 2003 - 3:19 am

    http://www.asic.gov.au/asic/asic_pub.nsf/byheadline/03-237+ASIC+obtains+undertakings+from+Henry+Kaye+and+others?openDocument

    Profile photo of ksheatherksheather
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    July 27, 2003 - 12:05 pm

    Just remember where the ‘financial advisor’ is making their profit. Most of the time they are looking to sell you a product or service, ie managed funds or some other type of ‘retail’ investment product that they will receive commission from recommending.

    This is why the majority of ‘financial advisors’ will not advocate direct property investment, as there is nothing in it for them.

    Just ask yourself whether they are considering your financial future, or theirs..

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    July 20, 2003 - 11:36 am

    A fool and his money are soon partying, food for thought :)

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    July 9, 2003 - 8:14 am

    PS, I believe the 11 second rule is used to not only calculate a cashflow positive property, but a cashflow positive property with a gross rental return in the viciinity of %10.4.

    Obviously this assumes that the property fits into the assumptions built into the formulation of the 11 second rule..

    This is worth noting as its not always just the gross return that needs to be considered, but also the prospects for capital growth, taxation benefits and other benefits the depend on personal and regional circumstances.

    Basically just because a property doesnt meet the 11 second rule doesnt mean you should discount it straight away!

    Profile photo of ksheatherksheather
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    July 9, 2003 - 3:21 am

    Why not just use the forumlas listed, as they work?

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    July 4, 2003 - 11:35 am

    Scott please let me in on the secrets as well :)

    Profile photo of ksheatherksheather
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    July 4, 2003 - 11:26 am

    Considering the fuss it caused in 1985, it would be political suicide for labor to promote such a policy, or even discuss it for that matter :)

    Imagine the problems it will cause in the rental market as negatively geared investors start to drop out of the market in a big hurry. It could cause a large drop in prices just like what happened in the US.

    PS.. I would love to see lower prices, and would actually welcome them stamping out negative gearing, as it would provide ripe hunting fields for the real investors out there!..

    One mans trash is another mans treasure :)

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    July 4, 2003 - 11:23 am

    Decent excuse anyhow.. :)

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    July 2, 2003 - 8:59 am

    PS, how certain are you that someone would even buy it at anything other than a fire sale?

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    July 2, 2003 - 4:34 am

    The debts are just good old consumer credit and have not been used to purchase usefull assets.

    I also have 2 car leases which are payed for with pre-tax income as part of my salary package.

    I earn reasonable money as a software developer, and could potentially save $25,000 in 6 months if I really tried.

    I’m a little worried about investing into property at the moment as it seems that the prices of most properties are highly inflated, so I’m not even sure if I would want to risk investing at all.

    I have found a few cashflow positive deals in various areas, one in particular which looks like it could make around $2300 cash flow per year without taking depreciation into account. But I would have to commit $25,000 for the %20 deposit and closing costs.

    I guess im caught in the land of indecision, without half a clue in all reality :)

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