Originally posted by siacci:

Furher to the comment by “Nat R”, you should not read and reply to posts that require the skills and brains required to make an educated and informed comment ouside your area of comfort. Not all people can get a home loan at the same time they want a home. It is not always as simple as “Go get a loan for 106%”. There…[Read more]

I have a simple rule that has never let me down.

I simply don’t believe anything a real estate agent tells me. I only make decisions based on information that I have verified independantly.

I’m saying they lie …..I just can’t recall a single piece of information that an agent has given me that has turned out to be true.

Think about who is guaranteing the 5.5% yield…its probably a $2 shelf company that can disappear overnight.

How do you think they can afford to make this claim…by loading up the sale price!!

A few years back we had to sell a relatives house in Inverell.

It took 2 years to get a single bid on it and during that time 3 people came through for a look. We ended up getting low $60’s for it.

The house was in very good condition and well positioned. Keep in mind this was 4 or so years back and things may have picked up.

Its a very pretty town !!!

Why not borrow 100% or 106% and buy a house outright?

Why give some bottom feeding wrapper a head start?

Believenothing….your point is what?

If you were trying to make a humourous jibe you failed miserably if you were trying to insult us you also failed misearby….I guess you are just a failure.

Please feel free to correct me if you wish….remember also that a short post is a good post….we don’t need to read your long winded sh!t that goes…[Read more]

http://www.domain.com.au

has full profile and price data for suburbs for free !!!

WanyeL: Excelent advice…anyone who thinks they can stay alive in the options market without knowing both the full theoretical and practical side of options will go down in flames very very quickly.

The problem is most of the people who swear by these guru course suffer from 2nd degree ignorance….i.e. they are not even aware of what they don’t…[Read more]

“If” I had my own website and “if” I was going to make some nebulus referece to Robert Kiyosaki I would probably go to the trouble of spelling his name correctly….but I’m not a self-professed guru so it doens’t really matter.

I must say however, having 14 different websites all drowning in cliches with stacks of file photos of big houses,…[Read more]

Keep in mind that its not just a matter of sitting for a test at ASIC. There are a raft of ongoing compliance and reporting issues and a need to maintain a minimum capital balance within the company.

From what I have seen, most of the gurus around town would not be able to meet the hurdles set by ASIC, either on day 1 or going forward.

Use the $3400 as a deposit on on house and your will learn a lot more !

Originally posted by wayneL:
Originally posted by Nat R:

I also have a porblem with what he pushes…if some poor sod thinks they can beat the options market after doing a weekend course then they are a chicken walking into KFC.

Having already plucked itself and brought along an axe, chopping block and ingredients for the stuffing.…[Read more]

Do ASIC have to give their real names when they bag him?

Keep in mind all I really did was post a link to a goverment agency web site with publicly available information (that the public needs to know)..do you have a problem with this???

You can choose to ignore me and ASIC(at your peril) if you wish.

Seriously, if you think any of these…[Read more]

I don’t think anyone has a problem with advisors having plenty of hands on experience but if that is the case they would have no problems obtaining a licence…something Jamie seems unable or unwilling to do…..that sends off alarm bells big time in my (and most people’s) books.

I also have a porblem with what he pushes…if some poor sod thinks…[Read more]

Here is a link to the most recent ASIC story…there are many more:

http://www.asic.gov.au/asic/ASIC_PUB.NSF/byid/D993D8947C640A0BCA256FDA00238411?opendocument

And please do not buy into the sob story he spins on his website regarding ASIC and the big bad wolf…its all bullsh*t.

Also do a search on the ASIC website…Jamie and the boys at ASIC share a very special relationship

Given his information made absolutley no sense whatsoever I can only assume he thought he had come up with a way to scam money from people by suggesting they use his method of “managing” their super.

If he knew anything about the superannutaion industry, or even how to use a calculator, he would have realised his plan was flawed in the…[Read more]

Another update on this rather interesting topic.

I wonder how picja1 is going in jail??? Do you think he is pressing number plates or picking up his soap in the shower about now?

http://www.asic.gov.au/asic/asic_pub.nsf/byheadline/05-222+Promoter+of+early+release+super+scheme+sentenced?openDocument

Originally posted by quiggles1321:
Speaking of the tech wreck, anyone want to guess the highest capaitlised tech stock today? Google, at $80 billion which is a P/E of 50!!

Put option, anyone?

This brings on another point – the risk that super funds are going to contribute to the enxt stock market train wreck, not by withdrawing funds but by…[Read more]

ASX and SFE are in fact public companies….anybody can buy their shares…so are baycorp…but they are really only an data base operator.