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  • Profile photo of MalcolmMalcolm
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    @malcolm
    Join Date: 2003
    Post Count: 6
    October 22, 2003 - 7:08 am

    SWEET! I havent read you book yet because I only found your site last night, but I’m download the chapter anyway!….

    [B)]

    Profile photo of MalcolmMalcolm
    Member
    @malcolm
    Join Date: 2003
    Post Count: 6
    October 22, 2003 - 7:03 am

    I KNOW THE ANSWER!

    Because that is reality!
    and that is the crap you deal with.

    Profile photo of MalcolmMalcolm
    Member
    @malcolm
    Join Date: 2003
    Post Count: 6
    October 22, 2003 - 6:57 am

    I got to say, Even though Im only 25, that is common sense. (talking to the locals).

    Of the top of my head, i can think of one good one. Talk to friends that have been living in the area for a while.

    = common sense

    Key issues I find are the following.

    a)Money Management
    b)Good area with Obvious Market growth.
    c)KNOW! the tax system.

    lol, I say all of this… but do I have the knowledge yet.. awnser is no. I do not yet.

    Just thoughts…

    Profile photo of MalcolmMalcolm
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    @malcolm
    Join Date: 2003
    Post Count: 6
    October 22, 2003 - 6:53 am

    Hi mate, sorry to hear about that.

    I’ll tell you what though. I’m 25, and making my 1st investment is one of the hardest things I have done. Havent made one yet, but I try to read as much as poss.

    I think I’m of to one of thoses seminars..

    Profile photo of MalcolmMalcolm
    Member
    @malcolm
    Join Date: 2003
    Post Count: 6
    October 22, 2003 - 6:20 am

    Thankyou for you explaination. I now understand.
    I was talking to my good friend about the investment market… and he’s a bit fag of negitive gearing. Because I own nothing at the moment. All of this learning has been a HUGE eye opener.

    I have come to one solid conclusion though.

    The first investment you make, is the most important.

    I was thinking about what you said about the country, and I thought the Capital you be next to nothing, but because it’s positive geared. You can use that a equity to buy more… :)

    lol, I feel like such a rookie.

    Profile photo of MalcolmMalcolm
    Member
    @malcolm
    Join Date: 2003
    Post Count: 6
    October 21, 2003 - 11:11 pm

    Hi guys, I appreciate your advice and thank you.

    To xyzzy, they are good tips. Realistic and sensible.

    To Peter,

    Thank you for you guidance. What you wrote sounds like a good investment move. I never thought about buying some property in a country area. I just thought, because of the growing population of Australia and high Immigration rate these days; a city apartment would be the way to go.

    I would like to find out more about positive gearing, from what I’ve read, it appears to be better than a negative gearing (capital gain), and, more of a low risk.

    Peter, when you say “high debt ratio”, what do you exactly mean? I would like to understand the meaning of your terminology.

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