Forum Replies Created
Hi Guys,
long time no chat…
i have few different rides that i drive around in…
when i want to get round real fast, i drive my
2006 Mazda Rx8 Revelation Limited Edition – Fully Optionised with diamond rims – total sports/luxury car just over $100k and fully paid off,
my next ride that when i want to just go crusing and do some light 4wd with my mates or gf is the Mazda Tribute 4 WD 2005 model, thats fully paid off with about a $30k stereo system in there that really pumps and you can feel your heart taking huge beats from the bass, has 18 inch spinners and its full of fat chrome.. car is fully customised and optioned, in all honesty ive put close to about $40 – $45k into it, just worth in total purchase and money spent on it under $90k in total.
My other car which i havent done anything to, but my brother drives alot is Proton Gen 2 – 2006 model, fully paid off, but i usually drive that when it blocks off my other cars.
I also own a 1977 Chrysler Valiant, not much work to it V6 engine with extractors, but currently not registered and not on the road as of yet.
I dont own any utes as of yet, but i do have customised trailers and mag wheels to them.
My other ride which is registered is a 2005 Shark Scooter, 50cc only, but i usually only drive that when i gotta get round real quick and when traffic is fully backed up.. slow but fun..
i also own 7 motorbikes that are fully paid off but are not road legal, they consisit of choppers, cruisers, quads, dirt bikes and dirt buggies…
in total ive put more than $300,000 into all my rides and i own them out right, my next purchase is going to be a mazda mx-5 hard top convertible, ive got a massive list of cars which i like to own over time, but hopefully i do get them all..
but if you ever watch that show pimp my ride.. seriously nearly all my rides are like that…
Cheers,
sisdiplomas, arent as strong meaning as they used to be, at some tafes or private colleges, how they grade passing in a subject, is being competent or non-competent in a module or the subject being studied
but my honest opinion would be, if you are looking to further your studies later on, to go to university, doing a diploma, can get you into that university degree, but also allow you, or enable you, in not having to do first year university.. but hopefully, jump straight into 2nd year, after the diploma is completed.
*** not only that its, a cheaper option too, if a diplomas, cost a few 100’s – 1000’s dollars where a a first year degree can cost you $10,000’s of dollar…
Cheers,
sisseriously, geraldton is a great buying area… and to be honest.. ive bought up as much as i can there…
sorry to help talk up the area… but.. i have ip’s there too.. (go you good thing…!)
Cheers,
sisplease also note..
not everyone, has access to pension plans, as they will either be eligible on the entry criteria.. will be almost impossible to gain…
not everyone has super, nor other assets as investments
if that is the case.. then can you see were the world is leading too..
honestly, theres nothing really that can stop this disaster..
what i honestly see the government will force people to work into older age retirement, and may also change the eligibility to access your super from age 65 to a later age of say 70 or even 75..
in doing this and so.. this doesnt do too much upon the economy in such a bad way, but will force and slow down, the see-able, future that is about to occur(but preventing people not to access there super for another 5 – 10 year, you can see the advantage, but also the governments betting that, less and less of us, would probably hit that old age, and being realistically, knowing and betting that many of us, will die before that age, if they make super, only accessible at a later age in life.. rather than 65…
Cheers,
sishonestly its not rocket science,
but superannuation law has been changed, and the year to be eligible for super is, really if you were born after 1945 + 65 years of old age, prior to being born before 1945, alot people didnt have a think called super.. but a thing called a pension plan, our government has set down the law and its foundation…
realistically, if you have to be age 65 years and over to access your super (not quite true, some people are eligible at 55, though different superannuation law, and requirements, in being eligble to pull money out.) and being born prior to 1945…
1945 + 65 years = 2010 (being also compulsory, that you must draw down on your super at age 65)
then what is the majority of super made up of…
*** remembering not everyone is also born on the 1st of January, but through different dates of the year…
then easily and idea, it can be seen and suggested, that everyday and everyweek, money will be constantly drained from the share market (where super has been invested)
yes it will be replenished, each week, by those of us, who decide to contribute to our superfunds, but do we have enough people under the age of 65, to help continue, the aging population…
heres a little diagram.. something i learnt from Noel Whittaker at a seminar.. it might not be clear.. but you guys will understand…
85 – 95 *
75 – 85 **
65 – 75 ***
55 – 65 ****
45 – 55 *****
35 – 45 ******
25 – 35 *******
15 – 25 ********if the stars, are the peoples population, (number of people, then how will those same exact stars look, if we are living longer, and were will those same people at age 15 – 25 in 20 years time will appear on the diagram..
** also noting, that the younger poplulation is being less and less each year, due to, us not having more children and leaving that to a later date in life…
have a think and you will see…
Cheers,
siswhy even put a dollar down, seriously.. ive done contracts, with no money exchanged, though the most ive had to do, in as deposits, is normally a cheque of $500 – $1000
Cheers,
sisany money.. and had this talk over and over with many people…
we will see the biggest crash, recession, depression in all history occur in 2010 – 2011… (pretty much in that one year..)
anyways.. im happy to bet anyone that, that year we will experience the crash.. as most days, im dreaming and planning on how to tackle the crash head on…
Cheers,
sisHi Specific,
this might sound a little crazy, but try what i did… travel right round Australia, and through your travels around Australia, you will definetly see there are many different areas to be buying in..
i have property in a few different states, all over the country, yet my mother she buys property overseas, (but thats just her way of diversifying)
but dont limit your self. some of the best deals can be a few suburbs or states away…
Cheers,
sisHi Nic,
its just not really profitable in the Australian Market to be doing cover calls, you need a stock with a high volatility (IV), were a premium, can be captured, but mainly its because, most stocks in australia need to be written ATM or ITM, to collect a premium high enough, to make money..
the other reason too is.. doing a cover call on 1 stock on 1000 units and if the premium is only say for example 4-20 cents, your only making a gross of $40 – $200 profit, still having to minus brokerage (now if your brokerage is 1% of your trade.. theres just not enough money, to be made…)
Cheers,
sis*** also to note, we did talk about LPT and commercial property, but for some personal reasons, for all of them they were not happy with those invesment classes..
— personal, they are very risk adverse… (not my cup of coffee.. lol)
Cheers,
sisHi Guys,
back again.. you guys can talk about option spreads and all, and i totally agree with, that debit, credit spread would be much better to do.
but just keeping it to a very simple super fund strategy over 20 years.
and pooling peoples money together and rolling the appreciated funds into better yeilding assets and further talking again, to family members and friends.. on pooling and having them manage their super fund over the long term..
we have decided the best simple strategy, with little or less diversification, would be. (due to some likeing stocks, others liking property, and other investmenst such as storage sheds and car park spaces.. an overall simple plan would be their following idea..)
* buy stock, and do buy writes over them (remember they dont want to actively trade, once over $50,000 in cash or stocks)
* purchase storage sheds (while at the same time, any extra funds, would simply go back into doing buy writes position again)
* once funds have built up, to an overall $100,000 (available either in stocks, cash, storage sheds (sell off and roll funds/profits into property such as a house))
* continue to purchase stock and do buy writes over them again —> roll funds over again, when exceeding funds profits of $50,000 back into storage sheds —> and repeat back into property
* when property purchase (house) has appreciated in twice its value, sell off and reinvest funds and profits into 2 properties of $100,000 equal value (7 year strategy, $100,000 over 7 years potential of $200,000 over 7 year target)
* always funds less than $50,000 available, have them always sitting in stock and do buy writes, when over $50,000 roll over into storage sheds, then roll funds when in excess of $100,000 into property and when property has doubled sell it off and buy where possible property that is $100,000 with growth potential (remember super fund pays cash for everything… so cashflow is the main goal at the end of the 20 year strategy)
*** i questioned them, on installment warrants they had no interest, as they didnt want to take out any leverage products, but only product that the super fund could afford to pay in, an outright cash position.
*** though do remember they are all contribute funds each week and just want to roll, the smaller classed assets, into more solid assets over time, and repeat process as many of them were very risk adverse and wanted to carry the least amount of risk.
i honestly think their strategy is great, it has little diversification, (shares-buy writes, storage shed, property)
but they threw away the car park space idea, the installment warrants, and actively trading the share portfolio. but overall they said they would be happy with this basic strategy, as cashflow, would be created from all of the asset classes they wanted to pursue, and that also, a continual cashflow from there salary and company contribution.. would be in there super fund each week growing..
*** though please also note, we didnt take into consideration, the government incentive, for adding extra funds into there super..
anyways.. they have ideas, now on how to manage there super, and have come to an easy agreement then when ever funds or assets exceed certain amounts or targets, they would simply sell them and roll them into the next income producing asset, without having to do a share holder or trust meeting, on each time, funds were more available. i thought this was a sensible idea, as it would stop arguing and everyone would have there asset class they wanted at some time in there cycle of rolling the assets up and over..
good strategy, but i do think there are better strategies still out there…
Cheers,
sisHi Rob,
thats true.. though if you look from a buy write (cover call position) it can be quite expensive, if your under-capitalised (which is the problem with most superfunds)
to do a decent effective covercall on say a stock such as QAN, you would need roughly 10,000 units * $3.26 = $32,600, if you were to do BHP, you would need roughly around $168,800 the problem is, so many super funds, are under capitalised.. (sorry for offence to everyone) but thats why, ive kept it to the cheaper stocks, that allow cover calls.. (and that to do an effective buy write you need about 10,000 units to make it effective..)
though i would agree, to do it to much higher priced preffered stocks.. but it will be depend on an individual or its entity on how much funds they have available…
Cheers,
sisThanks Terryw,
totally forgot about that…
as for structures, this would work well if the superfund, was created via a Unit Trust – being set up this way, people are entitle to how much they contribute to the fund, but its equally divided, into equals shares, at the end of the day, of how much your contibuted, and how much your Net Asset Value has increased (NAV)
** in my suggestion/opinion, the superfund unit trust could, be made up of family members or a few friends.. (but ideally, you would need roughly 5-10 people in this superfund trust) to really generate enough income, to purchase, quality assets, that could give returns over time, such as 1 person or individual trying to manage there own fund..
** back on track you can roughly see how im coming up with figures in raising capital 5-10 people all contributing $100 a week roughly would roughly equate to $26,000 – $52,000 a year in available funds to invest
how caculation is caculated:
($100 pw * 52 weeks) * number of people in superfund trust unit = desired amount to be available in super fund unit trust after 1 year
Cheers,
sisThe of the 3 investment strategies ive thought of is.
* Buy Writes (cover calls) but only on the following stocks. OST, LHG, SRP, QAN (reason being, is that they are under $3.50) and it does not require extensive capital as other stocks like BHP to purchase when doing Buy Writes paper assets, flutation to market movement, growth available, but also, your paper assets could be worth nothing over time, due to market crashes, or a company reportings or the company not being listed for many reasons in the future..) returns 10% a year from buy writes achieveable 3-5% from dividends = possible returns of 10 – 15% though realistically, after brokerage returns could be more like 8 – 12% a year, though do remember there is capital growth in the stock, and also some high appreciated capital gain, could be made over time as well (as well as capital losses
* Invest in carpark space, that yeilds 7% and above (purchase price around $35k) low growth, but yeild is set at about 7%, but prices, dont really fluctuate or index much..
* Invest in Storage space 7%+ (though purchase price around $50k) low growth, but yeild is set at about 7%, but prices, dont really fluctuate or index much..
*** property could be purchase, though due to the extensive capital that would need to be rasied to cover, legals stamp duties, and property prices can range from an easy $100k – to any high limit.. could be a long time, till a property could be purchased..) high growth, high cashflow returns overtime, though, property expenses could be high
Cheers,
sis****** will talk soon about basic structue.. but how the capital could be rasied quickly and effecively
lol.. Thanks Rob.. (these arent too super charged.. but they are simple but not an ideal investment, if not operating in a super fund or super fund trust..0
Cheers,
sis** will share after some more coffee..
c’mon guys.. ive though of 3 different stratgies that will all produce, high cashflow at the end of a 20 year period, and are not, just property, but other forms of property asset classess..
Cheers,
sisThanks Rob,
so far your, the only person, who has come up with a good solid quality answer..
ive been thinking for the last 24 hours.. my sister and my mate up here in Brissy, have posed me the question, in helping them think of strategy that might work..
ive thought it over and over again, and ive come to a simple strategy, that will meet more than there potential target.. it doesnt really work on capital growth, but thats a bonus, but heavily on cashflow, cause thats what it requires.. but also pooling peoples money together and rolling it over and over again…
keep thinking guys, there are plenty of ways to make your super grow.. sometimes it takes thinking outside the square.. but also, some of the most simple things.. can be high yeilding assets.. though, have very little capital growth..
Cheers,
sisHi Guys,
this is a serious question, many of us, are posed, in this same position right now, and we should be thinking of how, we will replace out income of today, with some form of income in the future… and if super is all we have in forced.. savings..
… how would we go abouts in making our super, grow and some what be able to replace our income by a future date, than still have to work into our old age retirement..???
Cheers,
sisPlease also note, if you were to retire today on $500, in 20 years time and keeping up with inflation of roughly 2.5% a year annulised, that same $500 would roughly equal $924.35 cents in 20 years time, which would only be equilavent to $500 in todays money or again $924.35 in 20 years from now..
is there any strategy, you could think of that could come close or be near to that by then.. in the same amount of cashflow from a simple $100 a week contribution, into your super fund…
Hi Guys,
the reason why i cant get a credit card with them, (and particuly i dont care and want to borrow their money) is that ive had to many inquires on my credit report, for borrowing money, (just for every new loan application, its a new hit on my credit report)
i showed them full financials and all, its just with there credit card department they cant and wont give me one, yet if i want a loan, i have absoloutely no problem in getting one off them (yet not the loan product i would want or need)
ANZ has just got a problem with people with to many hits on there credit file, even if they have been using every single loan application, to purchase more and more properties each time..
not only that i broght in every loan documentation for each property, rental statements, council rates and financials, yet they still wont give me that credit card…
***
though, i still can get my points, via the qantas FF card service..
not only this.. but a smiliar story a few years ago, i applied for a NAB student loan, which is about $10k – $20k, unfortuanetly NAB would not lend me that student loan, and back then i was working full time (7 days a week – in the one job, on top of my study) yet they just could not lend me the money for some reason, yet even if i had more than an average wage income they couldnt.. so i guess its another lesson ive learnt..
but.. at the same time, i went into westpac, i didnt apply for there student loan, but i did for there student credit card, and to be honest they gave me a student credit and pre-approved me on the spot..
i still have that credit card today, its only a $500 limit, but, i honestly had no problems in getting a card from them…
i will never deal with ANZ ever again, though, with NAB if i did apply for corporate lending, one of my best friends from high school, his father is the loan assesor manager, for NAB, corporate lending, sounds sus.. but he keeps saying to me.. i should refinance all my loans over.. and he would be happy to give me a much better rate, and service..
the problem again.. i dont mix friends with busines… (im not going to lose good friends over, simple business ideas or long term ventures..)
but then again, in some banking criteria, its who you know, and not what you know.. if someone can and has the ability to directly deal with the banks.. (main application assesor..)
Cheers,
sis
