Forum Replies Created
…lol
Monday to Friday – Morning to Night Eat, Sleep, Gym, Trade All Day, Go out after 4pm… (fit property some where during the day…), while trading listen to music, mates come round, talk to broker… as soon as it hits 4pm after a day of trading its out and about every day… and then read and watch tv… till i fall asleep, wake up at 8.00 – 8.30 am and repeat…
Friday, Saturday same stuff again, but just mainly look at property over the week end and go clubbing and pubbing friday and saturday night… sleep very late in and just repeat…
Cheers,
sisHi Bradles C,
it honestly depends on the person, about manage funds, particulary, i dont like them at all… low interest returning… and someone else in charge of managing your money…
property trust are great, if there secured and returning a high percent, though normally there asking for larger amounts of capital to be invested in there funds and units available.
if you know how to invest in the stock market, i would rather suggest you this, but if you dont, a little bit of stock market education can go a long way…
though if you wanting to get into the property market, better to buy property than property trusts, as there is less leverage as opposed to bricks and mortal property.
though also you have to ask your self, what type of return are you looking for…
Cheers,
sisHi JetDollars,
just sold the options then, sold them at a 70% profit in less than say 24 hours, could have held for another 10 mins and made another $1500, but im happy with todays work… bought some options straight away again… there looking great at the moment.. no movement in price yet… but lets wait and see how the days goes
thats $5k in four days… so far…
Cheers,
sisHi JetDollars,
system is going very well, bought a few options today… they sky rocketed and went up 40%, bought only 18 contracts for about $5k, but there still in the market, have about profit of just under $2k, will sell them off tomorrow, but my other options are looking very good… probably you could say, in the last week and with tomorrow goings, about $1k a day… have been averaging..
Cheers,
sisHi JetDollars,
had a killer day on Friday again, but unfortunately, had one bad trade that went wrong, due to a trading halt and pre-open during the day… all in all, made a quick $30 – $50 for that day, but that trading halt, took profits of a couple $100 dollars out, leaving me only with the $30 – $50, the system aint to crash hot, very basic, but consitent set of rules and simple to use, but you know where i get my options data, its mainly position and exiting option trades within 5 – 10mins and no longer holding for that long… but lol… only you know that…
apart from that, the drive to Brissy was alright, a killler drive, but all here safe and sound…
Cheers,
sisHi JetDollars,
i made just under a $1k today, trading options, and some shares, but in doing so, i had to put about $15k up to make that money… but still there was some potential risk..
… though, if my broker didnt go out for laugh, during 1-2pm when the option market closes, would have easily made another $500 plus…
will tell you tomorrow, how my system is going… lol, but it could always go the opposite way…
Cheers,
sisHi Gizmo,
if you want to fast track, and learn very quickly, IMHO, i suggest you hang out with people who are interested in buying and selling property or people who already do… build up a network of investing friends.
Cheers,
sisHi Guys,
this is a debatable arguement, (have purchased properties unsighted unseen and 2 of them, never even seen there pictures yet or before, and honestly dont ever plan too.), it depends on the individual, some might say its risky and others might think your crazy, but you would be surprised by the amount of unsighted unseen properties that are bought… this goes for share trading too, many times im purchasing shares/options of a particular company, i dont even have any clue what the company does, its all about analysis and figures, and then getting a third person opinion like a broker or a builer, pest report.
Cheers,
sisHi Guys,
honestly, i dont believe its a good time to invest into property at the moment, nor do i believe in paying down non deductible debt, the reason being is, if you can create the cashflow, that soon enough or eventually will pay off your non-deductible debt, then you in a better position, than some one tying there capital up into a non deductible debt, that does not produce income, like Derek suggested, if you do pay down non-deductible debt, i would then definetly set up some form of line of credit, to be able to redraw that money when needed or necessary quickly, other wise if your not sure, just put the money into a offset account, and park it there till you know.
personally for me, i would be parking the money into an offset account, or trading equities, (if you can find a bargain.. (penny for dollars – a property for dam good value), i would then perhaps try to make the deal happen)
Cheers,
sisHi JustAllan,
IMHO, i dont believe property is the time now, for many places, unless, you can source out some real prime real estate.. (penny for dollars i mean), just listenting to comsec midday report and analyst are saying Sydney property market is down 5.4% and major capital cities are down 1.2%… etc, etc, more signs of housing market slowing down…
if you have good concept and understand the stock market, i would rather stick my money in there, rather than in a Manage Fund.
im not trying to be negative on my comment below, but my sister who puts her money into some Suncorp Manage Fund, im constantly giving her negative feedback, as to how little money shes earning, and how she has to regulary add there weekly or monthly, but most importantly, when she needed the money, she withdrew it, and lost her earned interest, and in which really gained nothing at all.
if you know, how to trade, or know of some secured funds, your better off with your money in there, rather than a mange fund, that could include break fees.
Cheers,
sisHi Kristine,
definetly mindset, and psychology (alot of it), discipline, control and being accountable for all decision making… and something i always say…
“i dont make goals, i make deadlines” (that is something seriously i always say and stick too.)
and if i can complete a deal or make a deal happen, then the most other important question is, How Can I… (this changes the way i think, but puts me into the drive position, to make things happen)
Cheers,
sisHi Guys,
i love reading and listening to roberts books,cd’s and cassettes, without reading and listening to what he has said, i would honestly not be where i am now…
Cheer,
sisHi Marney,
dont know many other credit cards, but CBA one is great, really because they give you further discount’s on your variable and fixed loans, but there point system is great too, but depends on which credit card you get from them.
Cheers,
sisHi Jaffasoft
laptop died the other day… what a disaster, since then its been a bugger reinstalling all backups (there a state away and at mum’s), but most importantly out of all the backups, i never backed up emails recieved, dont know if anyone else does this, but now its being a regular routine, but it can be an honest real pain, if you dont have your emails no longer…
Cheers,
sisalso saying, that is, if you cant get guarantors, use someones else equity or do partnerships and JV, you can almost get a loan from most non-confirming lenders, dont limit yourself, by saying i have to save, but how else can i get that property deal.
Cheers,
sisHi Guys,
before hand i usta, use software, these days now, just a caculator and to be really honest, you know those costas you get from the bar, i can honestly write my whole caculation or strategy on the back of one of them, the reason being is, you dont need all this stuff, its great for working out the minor details but, if your spending too much time on caculations, your going to take to long in looking at many deals and culling and sourcing good deals to further look at.
Cheers,
sisOriginally posted by **PropertyGuRu**:Hi emcdonald,
There are ways to buy IP properties with little or no money of your own. Yes but that doesn’t mean that you can keep spending your money.
Good luck!
Cheers
PropertyGuRu
[sultan]Mortgage Consultant
Hi Guys,
sorry but i totally agree with this comment, and many of Robert Kiyosake material has helped me proper forward and push further boundaries, due to the fact of not having to save, but in how the deal was completed, with no money and the strategy used.
if you really are going to save, your doing the same thing that everyone else is doing, and that is why you get normal results, but if you put deals together, through doing partnerships, using guarantors and security, your going to fast track yourself, but at the same time, not tie saved money into a deal…
sorry guys, but if your saving and the market keeps moving forward, your never gonna get that deal, be creative and put deals together.
Cheers,
sisHi Guys,
personally i would put the credit card off and pay that later, the credit card debt can always be paid later, but entering the property market is getting harder, but more difficult, personally i agree with PropertyGuru, but we think a like, and a small debt for a large profit (asset) that can be working for you immidetatly, will not just put you ahead, but in a short near future, help you pay down your own liabilities and doodas…
Cheers,
sisHi Monopoly,
i know you address the question above to Westan, but personally for me, im currently now selling off some of my +ve cashflow properties, but am replacing them with better quality properties, (some will be negative and positive), but the major problem being is, they have been the most problem ones of all, and have cost the most in maintenace and a few tenant problems…
personally, i rather stick with negative geared properties, and ride the ups and downs, but try to keep a high number of turnovers happening, and let the momentum push you further and further towards your goals.
Cheers,
sisHi Guys,
im really, really impressed with Peter Spann, many times have heard of him, but unfortunately focused too much of my attention on Robert Kiyosakis stuff…
what i really am enjoying about reading this topic is… his views on negative gearing, all i want to say, is this is great stuff, and this is a real Aussie and not some self proclaimed international (never heard of “so called guru”)
Great Stuff, Peter, and like your techniques, ideas and thoughts of many investment strategies…
… just gone out and order a copy of Wealth Magic [biggrin][biggrin][biggrin]
Cheers,
sis
