Forum Replies Created
I’ve got two words for them:
Supply
DemandI would asked him if he was such a good financial planner then why does he need to work for a living???
To his request for $5,000??
I would’ve said………….let’s see……… how do I put this, err………………….NO!!!!!
You made an offer, the vendor accepted, you paid up, how much more integrity does he want
No worries JB, good luck with the tax, I dont envy you. In fact anyone that can make it in what I find to be a utterly boring area, has my respect for persistence alone, well done.
Merry Christmas,
Rodders
This doesn’t mean that accountants are useless (although some are), the right ones are invaluable and should be part of any team.
JB,
Could you please explain what part of the above you didn’t understand. As for the rest of it, that’s just my opinion, you’re allowed those in this country.
Now if you would excuse me, I have a profession to get out of, because it bores me sensless.
Rodders
Just to give a some background, I’m pretty much where Steve McKnight was at the start of his book. I’m a disgruntled Accountant/Auditor working in a Chartered firm, currently looking to change careers (but first it’s off to London, working holiday). For the record my knowledge on investment products is pretty good but that knowledge has come from outside the accounting world.
As far as accountants go, people believe that they know everything about minimising tax and investment. Yes sure their knowledge on minimising tax is OK, however I’ve always said that “Nobody knows what tax rules affect them better than the person themselves”. This doesn’t mean that accountants are useless (although some are), the right ones are invaluable and should be part of any team. However dont rely totally on their word, as accountants are not God.
As far as investing is concerned, accountants are almost useless. My recommendation, speak to other ethical successful investors themselves (ie not me). They’ve done it, whereas accountants work 60 hours a week waiting for retirement.
Who’s more believable.
I am an accountant, and you would be stunned at just how little we know.
I’m dead serious.
Andrew,
I agree with the assessments on the page, for your purpose I believe an online account (ING, Citibank, St George etc) would be the best option. There are several excellent accounts available with interest of around 4.75%-5.00% available.
I have an ING account myself, and I cant save for peanuts but I’ve gone 6 months without touching it and have set up a regular savings plan and have not been slugged with a single bank fee……………..yet.
Rodders
P.S. For your timeframe and what you want to do I would stay away from shares. Whilst I think the market will do well in the next three years it’s too risky for what you want and the time available.
Thanks for the info guys, what you came up with (High management fees, hard to get finance etc) were some of the things that I figured may’ve been the reason they were so “cheap”.
I’ll admit though though that I’m a bit depressed about this whole cashflow positive thing. All the properties I find aren’t even close to being cashflow positive.
PLEASE TELL ME THAT THEY EXIST !!!!!!!
Thanks again,
Rod
