Forum Replies Created
Paul.
Thanks I’ll check it out (The illusion).
By the way Ive learnt more over the last 50 yrs from the UNQUALIFIED than I have from the QUALIFIED.
Its the pretentiousness of those who present themselves as something they arnet that gets up my nose.(Its a personal thing).
Anyway now thats cleared up I’ll continue reading your site.tech
Humans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.Crashy.
Clever illusion.
Your not alone 90% of the Financial Planning fraternity are nothing more than glorified insurance salesmen restricted to the mother company and the products carried holding their authority.(Not a licience an authority,clever again).
You know and I know that this little illusion works well.
Hi Im Joe Bloggs and Im not a financial adviser/planner—just doesnt have the impact!
For interest could you define QUALIFIED.
This qualification is recognised by?This qualification is awarded by?Can you see why I get really peeved off about this!!!! Mr and Mrs Average know no better and although your clear THEY ARENT.
Anyway lookforward to your measured response.
tech
Humans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.“”At last…the truth about covered calls!””
You write calls on your stock if your long term bullish and short term bearish.
Its not a money making ploy its a hedging stratagy—-a risk minimisation tool.
a clearer understanding of option use and deployment maybe best.Read David Caplan
“The New options advantage” if your keen.Humans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.You have the right of refusal to the offer.
If your confident of your report or a 3rd report varifies your initial report then I think youll know what to do!
The purchaser also knows what he is prepared to pay and he maybe a keen negotiator!
You could do a subject to a 3rd independant report by X period say 21 days.If X then this price if Y then that!Arrange it through your Master Builders association (dont know what they are called in your state).
But if it was me Id be backing MY report/s.
If its proven wrong particularly when inspected once a year Id be pretty hostile to my pest controller—Id want answers and to recover costs.All this is best done by NEGOTIATION rather than Litagation!!That way you keep the solicitors fee and increase your negotiation skills.
Smile continuously and act like COLUMBO.
Humans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.Crashy.
After giving you a bit of a rap Im now a little confused.
On your site you state.
{{My name is Paul Crewther, I am a qualified Financial Advisor based in Brisbane.}}
And your Site Disclaimer states.
{{Disclaimer – This site contains educational information only. The author cannot guarantee that all information is complete or accurate. Investment conditions and tax laws are subject to change. At no time should anyone act on any material on this site without consulting their own licensed advisor. The author is not licenced to provide specific advice or recommendations, and does not provide any such advice. No responsibility or liability for any loss suffered by anyone acting on this material is accepted by the author.}}
Nor can I find any reference to you or Posigear at.
Whats the go? Licienced or not?
Humans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.Crashy.
You may know I have basically no time for Financial Planners,purely because 90% of them are attempting to be as wealthy as their clients.
You at least appear to be ‘Out of the Square’.Ill have a good read of your site when time allows.
(youd think at 3 in the morning Id have time!!)tech
Humans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.Depends on the context of the question,and ones veiw.
An example you will relate to.
Whats better a WRX or an S2000?
“Often the result you will recieve will be proportional to the effort you put in!”
tech
Humans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.SIS.
Thanks for the generous offer.Im in Adelaide.
Just a couple of comments.
(1) BHP gapped down on Wednesday
(2) BHP gapped again today.Your not seriously suggesting that due to a fibonacci (Note the spelling!)level falling at around $14 that THIS WAS the reason for the fall!!,and as such made the fall predictive!
SIS,I and every fund manager in the world along with Leonardo Fibonacci would love to be mentored on how you can make ANY technical tool predictive.
techa–tech/a (derived from Technical Analysis)would enjoy such a discussion and demonstration.
Perhaps here is not the vehical.
Would a more appropriate area be where you OR I spend our times in discussions on trading matters.Mine is here.
http://www.reefcap.com/ubb/Forum8/HTML/000091.html
The link is direct a discussion on one of my systems published for the public.
I know where yours is SIS just let me know.
OH BTW had you decided today to buy BHP puts the Gap down would have killed you.The market makers dont set their spreads until 30 mins after open (They arnet dumb)At which time youd have got $14.08 on the underlying.Had you bought yesterday which you didnt because of a large number of “Thoughs” (Which by the way are just as effective in making a predictive decision as a Fib level on a chart!)then you would have profited well.
Looking forward to ‘Learning something’!
tech
Humans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.Wayne.
I used to be early 20s once and remember wanting the world to be impressed with my endeavors.
SIS doesnt yet realise that the best accolades are those that arnet solicited.Just a quick tally of SIS’s value of positions puts his current holdings at around $300/350,000 from what Ive seen thats well above his net worth!
While I have no doubt SIS trades derivatives,his position size would be considerably less.
Wayne asking to see audited trading statements is the Great leveller.This is where they ALL blow up.
Happy to pump their tyres publically but full of secret peoples business when asked to varify their claims.
This Ive found to be true for both the Public and most professional snake oil merchants.Im sure Im not alone when saying Im happy for people to quote figures provided they can be varified,they and those totting them have no credibility if sidestepped.
If they cant be varified the only reason for their inclusion is to feed the presenters own ego or to mislead.If you cant or dont wish to prove $$ claims then do as you do Wayne—Dont disclose them!
tech
Humans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.Sis.
By all means post the results.
I can keep an eye on them at the office.Just a one thing.
Could you post your total contract holdings on each option, so I can just do a little spread sheet to watch.
Thanks
Muchly make it easier.Humans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.Phil.
Im not questioning SIS motivation(Over 2700 Posts) or desire just his current claims.
Particularly when I see claims of Near enough to nought to $250K+ in a matter of months from trading.Substantiated Trading accounts would see me posting a full public apology,but somehow I think I wont be doing this.
(He with biggest mouth usually has smallest wallet)
I really do hope that all find their true happiness in their own wealth creation endeavor,SIS included,but feel the closer you get to it the more youll think and act like the Fisherman!!
Phil I have heard those stats like you.
Dont know the exact ones perhaps someone could post them.
Like
95% fail in business in the first 3 yrs.
80% succeed if they last 5 yrs.
Only ??% own more than 1 IP.
Only ??% own more than 5 IPs
Only ??% own More than 10 IPs.
97% fail in trading.Finally must admit that I find unsubstantiated over the top claims very difficult to pass buy.
Ive seen to many duped.tech
Humans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.{{i set my first goal this year, to be trading around $100k, within a few months i reached this target, i set my new trading target of $250k and have reached that and more, my next goal by early march – may, next year, is to be trading $500k plus by then..}}
Sis.
I often find that claims like that made above are generally fanciful.Probably 1 in 1 million traders could achieve that.Particularly the 100K to 250K and more in a few months and in particular if you set that target “this year”.I only bring this up as Trading can be dangerous to the unwary and very expensive.There is a lot of misguided misleading and very expensive information out there.Same goes for most free stuff.Only 3% become successful traders.
I speak from experience having traded for 10 yrs and have been trading ONE Trading method I use LIVE on the NET for 2.5 yrs.Everyone can watch(Its slow and boring a long term method)or check past performance.Its returned almost 300%(on initial investment)in the 2.5 yrs and
its disclosed FREE in its entirety.Sis.
Would you call yourself a discretionary trader,
Do you trade Stock,Derivatives or Commodities?
Who do you use as a broker?If your going to embark on the trading route insist on audited trading accounts from those making claims(Including those with get rich quick trading methods)99.9% of time you wont get them because simply they havent got them!
Humans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.Been a while since this thread started.So looks like most ideas have come out.
Some touched on what I believe to be the only way to achieve whatever financial goals you have.
In summary.
(1)You need to be in the position to secure and use other peoples money.(2)This will give you the LEVERAGE you need.
(3)You need to COMPOUND profits this further increases your ability to find more of (1) and Gain more of (2)
(4)There are times for FULL gearing and times for RESTRAINED gearing.This is known as timing.Remember things dont increase in value for NO REASON when you find that reason and its on the money you can bet others will agree with you so go GEAR yourself up!!
There are only 3 ways I know how to and how best to implement the above.
(1)In your own Business.
(2)Property both domestic and commercial.
(3)Share Trading.Over time in ALL 3 you can develope a passive income well beyond your needs.
The number one thing I see people do wrong in creating wealth is LACK OF PATIENCE.“I wanta be rich and I wanta be rich now” Very Very few can do that,instantly.But take 20 yrs or so with a clearcut plan and youll build your mountain
slow to begin but it will fly as you put in more tim and other peoples money.To me nows the time to be looking at Commercial Property,Shares and our leverage.
Youd be suprised how profitable correct gearing at the correct time can be.
Take the opportunity now when you have the time to address these issues—-dont be one who procrastinated—AGAIN
and missed the opportunity.Its well worth learning how to trade (LONGER TERM) Took me 10 yrs but the returns are always there in Bullish times (Rising markets) or Bearish (Falling Markets).You can leverage it,Compound it, and be liquid in a few minutes.
Tech/a’s been at Reefcap.com for years.
Goodluck in your pursuits
JohnHumans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.Ok.
Youve,basically picked 2.
The second being liquidate some of your IPs and freehold as many as you can.Having 2 freehold now Im selling 2 more and freeholding one other.leaving then 6 of which 3 will be F/H.
This frees up capital if required for some bargains/alternate investments and limits exposure.The 3rd is allocating some funds to Trading on Margin.(I have been trading for 10 yrs)
Even a small successful account can offset pending interest rate rises and or give a nice return.Over the last 2.5 yrs Of 3 portfolios of varying initial funds returns have been over 100% (In that period).So an initial $50K investment is now around $110K in value.
With locked in equity sitting in our IPs this is another way to make it work and you need’nt use it all.
John
Humans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.27% Well Im 50 and cant ever remember 27% 18 yes.
You can borrow off shore $$s.
Exchange rates can be the killer.
If the USD tanks then you win.
If the A$ tanks you lose.
As did 1000s of Australians who took up the Westpac offer years ago.Westpac still arrange off shore loans Im told.
Question.
Why wouldnt you lock down a 5 yrs loan when interest rates are the lowest in 30 yrs.
Do you seriously think they will fall before they rise!?MM I wish real life was that simplistic.
Kay where does one get a job where an increase of wages even equates to 5% let alone 18%
IE $9000 on a $50K/Yr average wage?
Seriously if you have over 3 Ips and geared over 50% then even a 1% rise will need attention.Prices will fall and there could be fire sales in some cases—-if your connected you may even get a few.But that wont get the punter selling the IP when its to late out of the bind.
Sorry but Im still not seeing any suggestions infact Im seeing avoidance.
Humans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.Firstly.
Jo
My comments werent personal mearly a general observation.Lets take a 2mill portfolio of which one owes 900K.A 1 % rise = approx $9k a year.
3% = $27K and heaven forbid 5% = $45K or $850/week.
Now even $525/week for Mr and or Mrs above average would be difficult.I was interested to hear from the Market Sauvve like yourself Jo.Often ideas pop out of nowhere.
Westen I have 3 stratagies Im using currently one already mentioned Locking down Rates and 2 others that also take into account my personal veiw that the vertical spike skywards is flattening at the least.
Im happy to share the other 2 if others dont come up with them.Im just looking for fresh ideas.
Humans are the DUMBEST of creatures.
They do the same thing day in day out and expect a DIFFERENT result.Locking down–fixing interest.
Yes I do agree that 10% is unlikely in the forseeable future.
Rates are used to slow down spending and that seems in the short term to be under control.
While I do expect some increase I think it will be gradual rather than a spike.
But from the replies here there seems to be very few with any number of IPs OR lots of ostriches who havent considered Risk Mitagation!
Not suprisingly topics that deal with protection of asset draw far less interest than those on creating asset.
We just do it ourselves and have tennets direct debited from their account.
We have each coded so we can trace payments.
Works fine (we have 8 tennent)and we check once a week.
Can see those who need a visit very quickly.
As our response time is like a Swat Team if there is non payment 99% of the time they toe the line.All is explained upon taking out a contract to rent.
We have only one added condition.“We will give you a great place to live and attend to anything that needs attention promptly—in return YOU pay your rent on time EVERY time.”.
Saves around 10K a year.
Idea 407
1900 number/s If you own a good one $$$$
Yes
Every now and then we get a great bargain.Great position, high demand,LOW MAINTENANCE and we take advantage of the POSITION.
But on the other side of the coin there is a lot of “Dogs” out there.
Get one and it will cost you.
PS happily married and princess looks after the IP’s tennents and Short termers in our apartments.
So Im not a woman hater infact I lovem!!
