Total Members: 159,187

Rick sta

  • Rick sta replied to the topic Townsville NOW and in next 1-3years? in the forum Help Needed! 4 years, 9 months ago

    Hi Adrian,

    How are things up there now, 1 year on from the floods?

    Are vacancy rates still tight?

    I notice prices haven’t moved, how is the market sentiment?

    Cheers

  • Rick sta replied to the topic Asset protection through maintaining high LVRs? in the forum Legal & Accounting 10 years, 11 months ago

    Thanks Terry.

    Now this is not something that I do, and I don't condone concealing assets from anyone, but…

    I think a great strategy is to hedge highly leveraged real estate investments with physical precious metals, like a moat of liquidity around your empire, completely outside of the financial system.

  • Rick sta replied to the topic Merry Christmas!! in the forum Forum Frolic 10 years, 11 months ago

    Merry Xmas guys and gals

  • Rick sta replied to the topic What is your Interest Rate by Hari Yellina in the forum Finance 10 years, 11 months ago

    Would you also like me to tell you my full name, residential address and where my valuables are stored?

  • Rick sta replied to the topic Bitcoins and Litecoins – Real estate in the forum Help Needed! 10 years, 11 months ago

    Freckle wrote:

    Rick sta wrote:
    The bitcoin derivatives market has arrived…

    http://www.zerohedge.com/news/2013-12-08/bitcoin-derivatives-market-has-arrived

    See post #26.. you're a couple days behind Rick ;-)

    haha apologies.

    Story of my life!

  • Rick sta replied to the topic Bitcoins and Litecoins – Real estate in the forum Help Needed! 10 years, 11 months ago

  • Rick sta replied to the topic The True Power of an Offset Account in the forum Finance 10 years, 11 months ago

    And if you look closely you will discover that these inflation figures of 2.5-4% are BS.

  • Rick sta replied to the topic Spooky or What in the forum Opinionated! 10 years, 11 months ago

    Do you really believe the Fed will taper its QE?

    I am under the belief that once Yellen takes the helm, the bond buying will be increased not tapered off.

  • Rick sta replied to the topic ARE YOU GETTING THE PICTURE YET? in the forum Opinionated! 11 years ago

    Any thoughts or charts on Purchasing Power Parity? Totally new to me.

  • Rick sta replied to the topic ARE YOU GETTING THE PICTURE YET? in the forum Opinionated! 11 years ago

    Freckle if you're not already a part of silverstackers, you should be.

  • Rick sta replied to the topic Investing in Townsville in the forum Help Needed! 11 years ago

    I'm not sure exactly what you're asking.
    You say you live in West End, it's a nice area and has a history of solid growth, so just relax.

    As for investing, I think the above advice is very sound.

  • Rick sta replied to the topic starting out with smsf in the forum Help Needed! 11 years ago

    I'm a fan of the cashflow pathway too Richard, I think holding leveraged real estate that produces consistent income inside the smsf is a powerful strategy, especially for young pups like myself, I could still extinguish a 30 year mortgage before reaching retirement age. I do however plan to retire long before they grant me access to my super, so…[Read more]

  • Rick sta replied to the topic THE COMING ECONOMIC CRISIS GET READY! in the forum Opinionated! 11 years, 1 month ago

    Thanks Freckle, great post.

    As a young investor, my property portfolio is VERY highly leveraged. My risk management strategy is six feet under. In a best case scenario of hyperinflation, the banksters will erode the property debt and I won't be holding devalued fiat currency.

  • Rick sta replied to the topic THE COMING ECONOMIC CRISIS GET READY! in the forum Opinionated! 11 years, 1 month ago

    This is something I am fully aware of and have been quietly preparing for of late.
    Once or twice I raised my concerns on this forum and the property investing community wouldn’t have a bar of it (I was actually awaiting your thoughts Freckle, I know you know).

    To see this thread active here tells me that we may be closer to this historic event…[Read more]

  • Rick sta replied to the topic first time in the forum Help Needed! 11 years, 1 month ago

    Rod1 wrote:
    To be honest i don't expect it to increase in value a great deal it is for sale at 120.000 and i think i will be lucky to make 40k profit by the time i would sell< maybe 20 years>

    After 20 years I think it would be worth a lot more in dollar terms due to inflation. I understand what you mean, but you must also understand that even…[Read more]

  • Rick sta replied to the topic $200,000 to get started, any ideas?? in the forum Help Needed! 11 years, 2 months ago

    Me?

    50% highly leveraged bread and butter real estate, 50%  precious metals heavily weighted in silver.

  • Rick sta replied to the topic other people ‘s money in the forum Forum Frolic 11 years, 2 months ago

    "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

    -Henry Ford

  • Rick sta replied to the topic other people ‘s money in the forum Forum Frolic 11 years, 2 months ago

    I'm sensing a disgruntled tenant…

    And yes, 10 years down the track you would need to sell it for a lot more just to have the same amount of purchasing power that you had when you bought it, due to inflation of the currency supply (theft).

    I have come to realise that VERY few people in the world truly understand how the global monetary system…[Read more]

  • Rick sta replied to the topic Work this out? in the forum General Property 11 years, 2 months ago

    I was also disgusted when I was at the newsagent last and saw the YIP mag with the front cover titled "Brace for the Boom", when I am in fact 99% certain that we are sailing into a global economic storm of unprecedented proportions.
    It is a matter of when, not if, this debt-based house of cards that we call the global monetary system comes…[Read more]

  • Rick sta replied to the topic Work this out? in the forum General Property 11 years, 2 months ago

    I also stopped buying these magazines.
    All the figures in the feel good stories are manipulated.
    After a while, instead of feeling motivated, I felt deceived. Haha

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