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  • Profile photo of Rick staRick sta
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    February 22, 2020 - 10:40 pm

    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

    Profile photo of Rick staRick sta
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    December 25, 2013 - 1:44 pm

    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.

    Profile photo of Rick staRick sta
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    December 25, 2013 - 2:42 am

    Merry Xmas guys and gals

    Profile photo of Rick staRick sta
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    December 19, 2013 - 11:48 pm

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

    Profile photo of Rick staRick sta
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    December 10, 2013 - 10:57 pm
    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!

    Profile photo of Rick staRick sta
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    December 10, 2013 - 8:33 pm

    The bitcoin derivatives market has arrived…

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

    Profile photo of Rick staRick sta
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    December 9, 2013 - 12:01 pm

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

    Profile photo of Rick staRick sta
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    December 9, 2013 - 11:49 am

    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.

    Profile photo of Rick staRick sta
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    November 15, 2013 - 6:57 pm

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

    Profile photo of Rick staRick sta
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    November 15, 2013 - 6:53 pm

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

    Profile photo of Rick staRick sta
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    November 14, 2013 - 3:44 pm

    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.

    Profile photo of Rick staRick sta
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    November 9, 2013 - 5:49 am

    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 cash flow inside the fund is crucial for staying ahead of the banksters and their printing presses, avoiding dependance on CG (speculation), and reducing the likelihood of triggering a CGT event in retirement.

    In saying that, where do we draw the line in the pursuit of CF, in regards to regional/high risk locations, studios etc? 

    I would like to believe that, if a lender is willing to finance the deal and take the property as security, you could consider it safe enough for a SMSF, however I don't think this is always the case.

    Profile photo of Rick staRick sta
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    October 9, 2013 - 4:47 am

    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.

    Profile photo of Rick staRick sta
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    October 8, 2013 - 3:05 am

    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 than first thought.

    Profile photo of Rick staRick sta
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    October 1, 2013 - 3:35 pm
    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 if the property doesn't appreciate in value, the value of the dollars will depreciate, meaning a higher property price (not necessarily value). Basically the real estate isn't becoming worth more, the dollar is becoming worth less, as the currency supply is inflated.

    Profile photo of Rick staRick sta
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    September 10, 2013 - 12:07 pm

    Me?

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

    Profile photo of Rick staRick sta
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    September 8, 2013 - 12:08 pm

    "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

    Profile photo of Rick staRick sta
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    September 8, 2013 - 12:02 pm

    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 works. I have asked other investors the basic question "what is inflation?" and always get the same response, "rising prices".

    Profile photo of Rick staRick sta
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    September 5, 2013 - 7:10 am

    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 crashing down.

    I am by no means pessimist, and I'm sorry if this is breaking news to anyone here, but I think it's time we, as investors, woke up and had a good look at what's happening outside of our backyard and prepared ourselves accordingly.

    Looking on the bright side, I believe there is great opportunity for those not asleep at the helm as we sail into this economic storm that will probably be the greatest wealth transfer in human history.

    Profile photo of Rick staRick sta
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    September 5, 2013 - 6:42 am

    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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