Exactly like Jarrod said, it cannot be possible for the agent to pocket the money. (unless he gives it another name perhaps ?).

I once was interested in a property, the price was acceptable to me and the agent asked me (pleaded with me) for some sort of deposit, a cheque, anything.

I didn’t have any money on me whatsoever. I told him that I definitely wanted to buy the property.

Despite the fact that he he knew me well (he was selling four dwellings for me at the time (and contracts had actually been issued) he showed the property to someone else an hour later who said O.K., ‘I want to buy’ and I missed out.

So, by the way, [] did the real estate agent as I refused to proceed with the sales to his buyers (even though I did feel a twange of pity for his buyers) so I would think he has learned some sort of lesson out of all that.

And so have I. (Never leave your cheque book at home).

Pisces

I dont personally see how money can be the root of all evil and material things just dont do it for me…

As for what makes people greedy…..I think it comes down to power. Once you have a little…….you want more and of course MONEY buys power. Wars are caused by one country wanting power over another. Even in the school ground or kindergarten…..where money has no consequence what so ever, kids will establish a type of pecking order. Power over another person.

As for the devil…..lmao……a man in a red polyester devil suit holding a pitch fork doesnt do it for me either (unless hes buffed and really HORNy hahahahaha)

:þ

lmao…..I opened this and what a disappointment!!

I mean…..we could be talking about how this stuff is fun……adds new flavour to an old lover…..takes away the TERRIBLE taste of them edible condoms (yuck spit yuck!!)…..AND ITS CHOCOLATE!!!!!!!!!!!!!!!!

Damn…….I may have to start my own Chocolate Body Paint thread…….and forget alllll about the GST!! (great sex tax…….now thats ONE tax Id pay!!!) hahahahahahahha

:þ

I am afraight that, unless it is done as a commercial enterprise, it won’t work.

In any event,what is wrong with using information from
information providers like Residex and Matusik ?

Too dear at say $ 65 a report ?

Pisces

At one stage I frequented a shares website where every now and then someone would produce a post extolling the virtues of a particular company.

Because of the boom at the time there would be a lot of naive followers who immediately would jump on the bandwagon, following the tip (or so they thought) whilst at the same time the poster would be selling the share he had been pumping up.

If any details about a particular town is supplied the source should be quoted so one can check the value of what is being said.

Pisces

Hi Bill,

>>You have missed my point!

I am not writing options on behalf of anyone on the Forum.<<

No one says that you did Bill, only that apparently you suggested to someone (or perhaps several persons) to let you handle a large sum of money.

Hence my post providing some rules in selecting a money manager.

>>I have never said “sell up” but warned others that buying IP’s now is a certain loser.
Just be patient and wait.<<

If your outlook is wrong, all that happens is that one may have lost a bit of time. If you are right then the logical outcome will be that one will profit.

I can only agree with what you are saying there.

I note however that you haven’t answered my question about the selection rules Bill (just in case that someone else comes up with an options managing proposal).

And I am not ‘just’ picking on you Bill, I feel that similar caution is warranted when going into a real estate venture with someone.

Pisces

Please get comfortable first, this is going to be a long post (Mini isn’t the only one who can write long posts [] )

Let me first of all say that, like Bill, I too shudder seeing how easily new people may be sucked in by the exhuberance of the ones who have been around a bit in real estate.

Owning two or three properties does NOT however make one necesssarily an expert.

There are many pitfalls along the way which many people aren’t as yet aware of. The world’s economy is basically in tatters so those of us with big debts (and no cash reserves) may well be in for a rude awakening shortly.

Coming back to the subject of options I have to however side with people like Richmond.

It is correct that one CAN indeed obtain big returns from options.

One can even teach others what to do in order to be successfull.

That isn’t however a guarantee that such a pupil WILL come out on top as this whole business of investing in shares or derivatives is very much a ‘mental’ game where one’s emotions play a big roll in bringing one ‘undone’.

So knowing what to do and actually doing it isn’t one and the same thing.

I know it can be done as my brother in law for some 14 years or so has been making a decent living writing options.

The difference between him and many other would-be could-be’s is that he has a large capital to work with which enables him to own the underlying shares so he is at least protected from losing his shirt by some of the options he SELLS possibly increasing enormously in value.

Someone with a small working capital [and even someone with a larger sum (like the $ 150K Richmond mentions)] will lose their shirt unless they have first acquired the necessary experience in the school of hard knocks enabling them to succeed.

Those who do happen to make money without first having acquired the skills are bound to lose it at a later stage (and that is an ironclad guarantee) unless they are extremely lucky.

Another important factor is that the individual is betting against the professionals. A private individual offers to buy (or sell) an option, places his order on the market board and will find that his order generally isn’t immediately filled as the market in Australia is too thin.

The almost invariable result is that his order will be filled the moment the price of the underlying share has moved in such a way so as to make the option investor’s offer a bargain, after which his offer is snapped up by one of the professionals. (I liken it to the private individual ‘being raped’).

Which brings us to the situation where Bill perhaps thinks that he is capable of managing someone else’s money.

Firstly, I would be asking such a proposed money manager what his actual (as against his hypothethical) record is over say the past five or six years.

Secondly I would ask whether he is licenced and whether he carries Personal Indemnity insurance.

Thirdly, chances are that someone who has been succesfull in making money on his own behalf, may well ‘freeze up’ the moment he is handling other people’s money. So my third qualification I would be asking is whether he has a record of handling other people’s money.

So unless I could be satisfied about such a manager’s experience I would not deal with him and I don’t think it would be a good idea for others to ignore the same selection standards.

Now Bill has been around a long time so I don’t think he could possibly object to someone applying the selection rules I mentioned above.

Isn’t that so Bill ?

Pisces

Well that certainly looks like an opportunity for someone.

Pisces