Great questions. hopefully looking back these Qs will help keep me motivated.

1) What was the prime motivating event in your life that created a focus on the need to invest?

I con’t think that my parents will have enough to retire on so I wanted to be in a position to help them.

2) What have you in fact done about it since then, and rate your…[Read more]

So I can do whatever I want, when I want.

Josh

Also dino

quote:Most people are poor because they don’t know how, and don’t have the skills to be anything different, and have no real reason to change. Yes there are dole bludgers out there, but in my opinion most stay on the dole because of the way the system works.

I agree that most people are poor because they don’t know how, but there are…[Read more]

Dino, I couldn’t agree more. I think there are problems with welfare a la rich dad poor dad. It makes it too easy.

I must say I also agree with craig and rich on the consumption tax.

Richmond, firstly I did say that I believed that it was MOSTLY due to peoples choices, I know that there a genuine people out there who do struggle with little way…[Read more]

I hear trust magic by dale gatherum Goss is a good one to read, yet to read it but will hopefully get it some time soon. MIght give you some ideas about using trusts if you’re interested.

The Wakelins have written a book streets ahead, mainly about neg gearing but it was about 3 stars (out of 5)

I’ve just bought martin roths book about comercial…[Read more]

I agree kk I think a tax cut will generally only benifit those who are already have made the choice to become rich. Those who choose to be poor will spend it.

I think education is the key, we have to try to motivate people to make them want to learn.

JOsh

Hopefully I’ll have saved up a bit of a deposit over the next year or so so I might buy then. Meanwhile I’m having too much fun in the stockmarket.

Josh

Hopefully I’ll have saved up a bit of a deposit over the next year or so so I might buy then. Meanwhile I’m having too much fun in the stockmarket.

Josh

Richmond

If you note I did mention that there are people who do deserve help and that I was more than happy for my tax to help them.
You are right I can’t judge them from a picture, however I also didn’t see a gun to their head saying they must smoke or not to make use of the free support networks provided by the gov. for what problems they may…[Read more]

Sorry fudge should have probably read a bit better but…..

Keeping the threshold low has a similar effect but to a much lesser degree to raising the %, it’s the dollar amount thats important. I mean I would hope to increase my wealth through capital gains as opposed to earning a higher income as it is taxed less.

You will tend to find that many…[Read more]

Tom I thinks what you’ve got there is a great idea, unfortunatly living rural means that I won’t be taking part.

However whilst I think it’s a great idea for property you must be really careful about investing in the stockmarket with a group. You will find that too many things start to influence your choice and you may get emotionally attached to…[Read more]

Mike, Fudge is right with regards to the tax scale.

However I do disagree with Fudge on taxing high income earners more. I don’t think it will work. As Mal mentioned a balance must be achieved, sure if you earn more you should pay more. But there is a point where creativity/motivation will be killed off. I mean lets say for example if you were…[Read more]

You should be able to work it out with a simple spreadsheet.

Generally a lower maintenance fee is better the longer you have it in for.

Check out some sites like comsec, they allow investing with no entry fees.

Index funds are also an option as they have low management fees.

Josh

You should be able to work it out with a simple spreadsheet.

Generally a lower maintenance fee is better the longer you have it in for.

Check out some sites like comsec, they allow investing with no entry fees.

Index funds are also an option as they have low management fees.

Josh

Books are good, however everyone always fails to mention the local library. I don’t know about you but my library (in a small rural town) has books for free and I’ve even found a few that do business plans. (Suprising in a town with about half the population on welfare)

It will give you a starting guide from wich you can then purchase books that…[Read more]

As fudge says it depends on what you want to achieve. a cf+ property will provide instant income which you can use to save for your next house but on equity to leverage off.

You have to remember also that with lower capital growth may come lower rental income growth.

Eg. a house with 8% capital gains and 5% rent will in the long run eventually…[Read more]

Option 2. Knowledge is everything. If the seminars save you their price then its already break even.

Learning from others mistakes is much cheaper.

Although I do agree with scamp, 6k is a bit much.

Josh

Hi Bill,

I think that it’s a useful indicator you have there. A lack of rental demand with continuing higher property prices isn’t sustainable. In some ways it may be similar to the advance-decline line with share trading.

Westan,

I agree that property should generally be a buy and hold stategy, but as Bill mentioned now may be the best time to…[Read more]

I think it depends on how far and for how much longer these increases in prices go. The higher the bigger the fall if any. I thnk it also would depend on the interest rates and whether the herd stampedes or not.

History tends to show a small drop (maybe 20%) and prices staying stagnant for a while whilst inflation erodes the price.

I think with…[Read more]

Hi mel,

If you don’t mind me asking, Does this leave you negativly geared?

Thanks Josh