received an advertisment/promontion in the mail, same typical thing, with so called Guru’s promising ridiculous returns, and strategies to purchase properties.
just one of there adverts, is “How to Buy Property at $50,000 or More Below Market Value”, anyway in short, there promising returns and tactics, which are very over the top. and are advertising property investors, as to being scrudges or preying on the vunerable.
Number of units may not be in strata title so you will have problems in selling in case you want to sell in the future. You still didn’t give us enough information. number of property in different twon is better than having all money in one town.
good post few reply and came back after long time probably cuz of tsunami. I don’t have any will but may be i don’t need as assets will go to my next kin.
we have time fixed every second tuesday of the month we meet.
Some times we decide about a topic before we go for meeting and some times we just decide what we have to talk while we are in meeting. I think if people are there with mindset that they don’t want to hear something ( may be they know that thing etc ) then they should not be part of your meetings.
Our meetings are not team effort type because we all are not working together we are just sharing our knowledge and views about the topics. We also discuss what we have done in last one months with each other.
our meeting are not formal but we spends about 3-4 hours talking about properties and other investment stuff. I think meeting same minded people are enough for us to keep the intrest in the meetings.
this will sound like a wet blanket but I would not get involved in leveraged plays on the sharemarket (incl options) until I was profitable in nonleveraged investing and until I was well capitalised.
There are 3 retail investors in the options arena :
1. small speculators looking to make a fortune – they almost always blow out at some stage. The odds are massively against you succeeding: 95-99% fail despite attending seminars, reading books etc.
2. investors who are well capitalised who use it as a small part of an investing strategy – covered call writing etc
3. people who wish to start trading as a business – despite being well informed, market experienced and usually well capitalised they are usually not profitable in the first 3 years. 80% still fail.
Are you saying this with your experience? were you in one of the above arena you quoated?
Hi Beck,
It’s all depends on eoples whom you are meeting what they want and like. I meet group of people once a month and some people don’t come every month but there are people from that group i meet every week or some times twice a week and on phone/email/messangers every day. I think at the end if people are thinking in the same direction it’s not hard to meet every week or month.
On the topic of the shares forum being on this site. Well this is Propertyinvesting.com and I am sure there are plenty of share forums out there. If you don’t like flicking between forums all you have to do is make each forum you like a favourite and it only takes seconds to flick between.
Anyway that’s by opinions if ya like.[blush]
Beck.
“You have to leave your mouth open for a very long time before a roast chicken flys into it.” Early Proveb.
well said as name saying its property investing forum so y ask for shares?[angry2]
Hi there,
I haven’t got my issue yet but I like to read it some of the things are very useful. I still know some investor who don’t know about the magazine at all. I wonder HOW and WHY. []
Hi guys, didn’t look at this post before but lot’s of editing been done so don’t know what’s been said already but PI.com forum members already meeting once a month in sydney for last 14-15 months without any problem!!