I would buy $550K of NAB shares. Highest yeilding bank share atm (and fully franked).

The other $50k leave as cash and go on a back packing holiday for 12+ months using this cash.

When you get back cash the shares in (paying the cg tax) and add it to your 2 dividend payouts collected.

Probably find after 12 months that you had a free holiday…[Read more]

The “rich” you talk about are speculators.

They park thier money where they think they will achieve maximum return. This happens in most things that cycle, property, shares, cash rates.

I have seen a few cycles in my time and generally i find it true that when applied “the rich end of town is the first to leave”, that the cycle in that…[Read more]

I am not buying now. The over inflated prices are still out there. The fair value priced properties are the ones selling albeit slowly and at around 10% discount to the high prices of 6 months ago (the peak).

If a deal is good now, i think it will only get better in the next 9-12 months (you will be paying off a lower principal). People that dont…[Read more]

del

Was that the one with Jelly and a twister mat? I missed it unfortunately.

Liberals can sell Telstra and end up with a surplus and Labor can sell CBA and end up with a deficit mmmm not a hard choice as who is a better economic manager.

But really the surplus has more to it then just a sale of 50% of Telstra.

NSW Labour with their budget surplus (GST hand me downs and Stamp duty cant even manage the public schools and…[Read more]

Originally posted by alf:
Hi all

Bring the interest rate rises on. See families in misery. Take advantage of these people and move in for the kill. So you can profit at there expenses.

Why? because they made a mistake of perhaps
borrowing too much
not understanding the full impact of interest rate rises
loss of jobs
or any number of…[Read more]

Wrong time to buy definately. Wait for the “pain” to increase yr gain. I love mortagee in possesion auctions.

Bring on the rate rises. The market where i live is slowing dramatically with the same houses (central coast area) sitting in the R/E windows for a long time.

The prices on the houses were acheivable 6 months ago near the top but now…[Read more]

The problems with most teachers is they go to school, then to uni, then back to school never actually seeing how “easy” it is in the normal workforce.

Early on the indoctrination by the socialist teachers federation begins and thus they feel hard done by through out their working careers.

Also Jason you forgot to mention the generous super…[Read more]

Essentially if you are creating a business (even a business in investing) the best book bar none that i have found is “The E-Myth revisited” by Micheal E Gerber.

Oh and it is an easy read not like the “habits” books which are a chore for me.

quote:
Hi Super Ted

I like the way you think. What’s the IT industry like in Melbourne re:Support. I’m moving down from the ACT and hoping to get into IP’s. When you say you’re a trader, is that in IP’s. What is your trade? I’m hoping to offer my labor cheap, as in free to work with some tradesman to get an idea about house Reno’s. Wh…

[Read more]

I was self employed tradesman for 12yrs then changed careers to IT working for large university as a network administrator.

A lot of safe “IT” jobs are with goverment departments and to me that is where most ppls problem lie. Most of thier peers in these jobs will bring you down to there level of thinking, which in goverment departments can be…[Read more]

quote:
Argyle610

It’s great how you can become such an “expert” in Steve & Dave’s business, simply from reading their book!

You obviously have it all worked out.

The only thing, you are quite incorrect.[]

Del

I think Argyle is stating what a lot of people are thinking when they read these forums and he has expressed an opinion that has…

[Read more]

Ahh No thanks, worried about the public liability component of the building insurance[]

If you make the effort to travel up here stop at a local newsagent. They will have copies of the local paper (“the express’) this will give a good indication of the rents acheived. At the moment even my street which used to never have vacant properties for rent now has around 5 empties waiting for lease. It is definately a renters market up…[Read more]

Thanks Elysium-M

Depends on the interest rate and how “fixed” the deal is. No point being locked into unsatifactory terms and conditions.

I personnaly would never go fixed as I have never seen a happy camper on a fixed rate yet.

Well I would do the asx courses they are cheap or free. Also get yourself a broker, broking firms often do free courses as well (to get you to trade more . There are good writers of books out there who actually trade as well.

Beware of the big dollar seminars and black box systems. And remember just about everyone has no idea how the market…[Read more]

Can your wife buy a house and receive the FHOG if you are officially seperated? if she has never appeared on any mortgages or had any loans before?

I trade ASX Derivatives and do some part-time IT consulting.