Yack,

Sounds like good advice. I’ve waited this long, a little longer in order to read Peter Spann first wouldn’t hurt. A 2 bedroom unit in my area wouldn’t be cash flow positive though. I looked in to Dee Why units and the best I could get was around $300K generating $300 a week in rent. For my money that’s not a wise investment. That’s…[Read more]

Here here, onya Salubrious!

I too donate regularly to charities. I give to Save the Children and the Wilderness society monthly. The Wilderness Society is a funny one as I work for an MDF company which makes its product from Woodchip, but as I said to the lady who signed me up, I see it as an opportunity to engender change from the inside.

I…[Read more]

Greg,

I’ve just got to say that I’m blown away by your support and assistance. It exceeds my wildest expectations of this forum.

A quick update…

I spoke to my wife last night and we have agreed to finally bight the bullet! She too is an amazing woman who has been instrumental in accelerating my personal development.

We’ve decided to enter…[Read more]

he he… I was wondering whether vascilate might elicit special treatment. I like big words they make me feel smarter. [blink]

Signing off before I go blind…

AussieRogue,

Thanks, I think I needed that! [biggrin]

I know that I know quite a lot and that I have solid disposable income, a lot of equity and a hefty deposit, so I guess the only thing holding me back is me!

Remember my very first post was a question on whether I should wait or jump

I’ll jump the minute I can realise a return greater than…[Read more]

Doh!

Now I wish I was on the Sunshine Coast too!!

Just reading this thread has given me a new injection of enthusiasm (and a little blush, Greg you are far too kind). [blush2]

What I have realised is that I’ve fallen a little behind in my readings. Off to the bookstore for me to pick up $10 Mill in 10 years for a start (Thanks Greg!). I was…[Read more]

Salubrious,

I think I agree with you, but I’m not sure I got your exact message down pat. There is far too much wanton consumerism in western societies. But this is what props up their economies. I personally avoid this consumerism and still reap the benefits of a boyount economy that someone else is funding. [biggrin]

But at the end of the…[Read more]

I need to second persistence’s point.

I too am the “in search of perfection” type of investor. I am a perfectionist and am always looking to ensure I am in complete possession of all the available information before I act. This can result in analysis paralysis, but at least it ensures I don’t make any rash decisions that I will regret later.…[Read more]

All,

As I’m still “finding my forum feet”, I’m probably one of those new users to whom this thread applies and who is most at risk of fault in this regard. I do, however, see the merits in both arguments. I tend to agree with Marc that this is a “forum” and is meant to foster discussion. It would be unfair to suggest to new members that…[Read more]

Greg,

Thanks for the excellent post, and no you don’t come across as someone trying to teach me (or others reading) to suck eggs.

Funny you should mention bootcamp, as this is something on my radar and in fact I’ve spent a lot of time reading John Burley’s forum and others in the MasterMind forums. However, it is quite expensive and not…[Read more]

JRW,

11 second guide says all 3 are a go. Look good to me.

Cheers,
Michael.

TerryW,

Thanks. I guess its the “many ways” that I’m looking for. In my ignorance of these I have locked in a worst case of owning my home and being debt free in 2.5 years. If I can improve on this then I’d love to do so.

Any ideas of how I can find some info on the other options such as the Eurofinance securities. I’m time poor (as is…[Read more]

Prodigee,

On a serious note, be careful! Don’t do anything until you have solid financial advice. If you don’t know what to do with it then park it in a term deposit and then get professional advice. A balanced share portfolio geared to growth might not be a bad long term option if you’re short of investment knowledge. But this is not a…[Read more]

WauloK,

They’re out there, just getting fewer and far between. Check the posts on Warnbro for example and others.

Given current market dynamics, I’m looking to exit my mortgage with my spare cash instead of investing. Not advocating you do the same necessarily, just be aware that its getting tough to find true +ve geared investments. Others…[Read more]

bullseye!

But this is all back-of-the-fag-packet math. There’s calculators out there that will give you a more accurate take on what is and what isn’t positively geared.

I think the 11 second test would suggest you should pay up to ($350/2*1,000) = $175K for +ve gearing. But, I was never any good at math [blink].

Cheers,
Michael.

WauloK,

At the risk of sounding flippant, what’s not to understand? [biggrin]

In investing vernacular that’s called negative gearing. If it were an investment you’d be claiming that loss as a deduction and hoping the capital gain would offset your net outgoings once you get those tax dollars back.

If the capital gain isn’t there then its not…[Read more]

AussieRogue,

Absolutely! Your post sounds far too close to home. I get the whole perception of tight ass thing too, yet I’m the most generous by far of all my siblings. I set up a managed portfolio for each of my nieces and nephews with a grand in each when they turn 5. My wife berates me sometimes for being too generous, but as most…[Read more]

Aussierogue,

I couldn’t agree more. Part of the reason I make zero voluntary contributions to my super is that i don’t trust the government. The burden the ageing population will place on those of us earning an income will be enormous unless significant steps are taken to mitigate this now. I can’t see that happening, so I invest my money…[Read more]

Originally posted by Derek:

The critical point is what sort of interest savings are you going to make with your current approach?

Related to this is the question (which only you can answer) is what cost to your long term investments will there be if you are ‘out of the market’ for 2.5 years?

Derek,

These are exactly the two questions I was…[Read more]

TLA,

I like the idea of the group presentation. It wins on several counts:

1. Like you said, makes you a “real person” who’s not afraid to tout their wares to a group.
2. Elderly people would probably be very comfortable in a group forum like this and not singled out for special “treatment’.
3. You might even benefit from some group…[Read more]