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Thanks to all for this forum. I ahve been wondering about this very thing. Although I am a little while off the $1m mark it is a question that I have been asking myself.
Good on you steve for this format of communication. It’s a ripper.
Jack.
Too big it is not. Think, you must not.Want, you must not. Do you must. (Yoda)
SOunds great. But where oh where could it be???
Too big it is not. Think, you must not.Want, you must not. Do you must. (Yoda)
I guess it is just like Steves book. Capital growth only works 30% of the time. YOu need to decide where you want your money to come from and then, if you decide on capital gains, you need to buy and be patient.
All the best.
Too big it is not. Think, you must not.Want, you must not. Do you must. (Yoda)
Interesting Post and a very bug commitment!!!! All I can say off what you have writen is that perhaps you need and accountant or a financial advosor to look at your situation. All the best.
Too big it is not. Think, you must not.Want, you must not. Do you must. (Yoda)
Milly
Just thought you may like to know that http://www.rsvp.co.au is probably a better forum for making new contacts.[blush2]
All the best with your ventures in both fields.
Catchya.
Too big it is not. Think, you must not.Want, you must not. Do you must. (Yoda)
Thanks Kay, very useful indeed. Just wondering about API mag. I take it as being Australian Property Invertor/Investment?
Too big it is not. Think, you must not.Want, you must not. Do you must. (Yoda)
I am guessing that since yo mentioned your fathers estate that you may have comeinto an amount of money recently. Looking at you options at a time like this is fairly daunting. Someone told me once that if I ever won lotto to put all the money away for 6 months and jsut get used to haveing it befor any decisions are made. Makes sence to me.
I think that a financial advosor would be a good prot of call. Actually seeing that your first visit is usually free, got to ten different ones. Find tha one you like and that agrees with all the learning you have done from your own financial library, because believe me, there are those who know what they are talking about, and there are those that,,,,, well.
I have heard several peeople talking of Toowoomba recently. I get the feeling that +cf places there would not be in abundence but hey, as far as the realestate part of your portfolio goes, it may be jsut what you want. Good luck with it.
YOu mentioned shares, the only advice I can give you there is that shares, like realestate, when well chosen can be a great investment esp over time. Should you have a win early and decide to get out that is great, but if you are an investor you cant mistake yourself for a trader. They are two very different things. Investors usually buy for long term, traders buy because they have a system that is proven to make money over a number of trades. They get x amount of wins to losses, and the wins are X % of losses. If you want to trade then you need a system.
All the best in you r investing future.
J.
RUle of half. Buy for $60k rent for $120 PW. Or buy for $40k rent for %80pw. See the half ratio?
All the best. Jaquie.