Hello Ed and thank you for your answers,

Chinese whispers are true in any arena and as I said I am only saying what was told to me buy some clients.

Yes the Sydney market cycle turned but people were being warned about that at that time on several fronts and invested at their own risks, the frenzy changed and the blood is still on the streets, never buy in the peek of a cycle – Rene Revkin.

The clients I am talking with attended seminars put on by your self and Pilgram Properties who were selling Queensland Duplexes, which I will not elaborate here as people will take that out of context and I will not expand on. (i love duplexes by the way b4 you shoot me down)

Yes Ed when you're right you are a hero and when the market turns even the best financial adviser hides under their desk … time can heal many wounds as long as you have enough of it to recover … many do not who are baby boomer's and have suffered worse fates in the hands of Fincorp, Lifespan, Westpoint and many others – how many hundreds of millions of dollars lost in 2007 with bad advise??

I guess it's worse when you put your self out there in the public eye writing books and being a qualified adviser such that you are deemed to be by your qualification. The tall poppie is ready and able to shoot you down because of your success. As I said it's harder getting a good name than a bad one.

I am aware that Pace Developments (who I know very well) paid commissions of 6% + to agents, we do not accept commissions higher than the limits set by the REI and any overs are paid back to our clients to cover loan and other costs … our clients love us for that disclosure and cash back … quite frankly these high commissions by developers paid to marketing companies creates a selling greed in MHO and will only come back one day to bite them … new rules coming .

I am not a jealous or spinal person Ed and wish any person no harm … I have recorded that which was told to me and asked a question on a public forum – many others are attacked like, Henry Kaye, Jamie MacIntrye, Neil Jenman all of who are in the public eye Ed as are you. People who are unsophisticated investors rely on qualified experienced professionals to guide them towards their retirement nest egg – and the humble accountant is one of the most trusted advisers. I am sure you feel their hurt Ed when the market turns and the value of their assets drop substantially. Many investors are not self employed on big incomes and this hurt can go on for years as well you know.

Finally Ed as an accountant, public person of influence licienced adviser and author why do you degrade your self by sounding like Robert Kiyosaki – "my rich uncle (Dad) told me" – too many gurus IMHO fall victim to this marketing and advertising Americanisms which is soooo tacky  in todays world. I think you are a highly intelligent person Ed and suggest you seek a professional agent to improve your profile and get away from the RICH guy approach – let the other idiots do that Ed there's plenty of them. I have met you on a few occasions  although you may not recall, Eagles  are leaders  and individuals, there are lots of geese out their coping others like  …………..  dare to be different !!

As I said if I am wrong I will leave here forever, I have had many posts here and offer help support and experience. I am licienced and have other diplomas also, I also own a multimillion dollar portfolio including my PPOR over 2.5mill value with no mortgage, and i came from a poor family. God bless … sleep well.

Regards D

Thank you Michael for your comments,

Please provide the evidence that has been trusted to you, as you stated above, regarding 25+ years and I will remove myself from this site forever as a show of my commitment and good faith to you all … I don't doubt that Ed is a fine gentleman with a strong portfolio, never let the facts get in the way of a good story. Proof provides credibility, if you write it show it.

I do have an issue with professional experienced people double dipping Mr Yardney, and that is the point I am making. I am not here to argue with you or any one else on this fantastic forum. There is a clearly defined law regarding sophisticated and unsophisticated investors and also leading or controlling a client. For every one story there are hundreds of bad ones about seminars. I do agree that the small percentage of great gurus you mention  weight a fraction to all the scamers spoken about here or on ACA and other programs. It's harder to get a good name and easier to get a bad one.

"Man should not be blinded to whatever merit exists in the opportunity which he hath in hand, remembering that a thousand promises for the future should weigh as naught against the possession of a single piece of silver." – unknown author written in 1742 the magic story of success and all that it holds for you –

D

Hi Scott

Some reasonable questions here however the point was clear … is this a sign of the times?, focusing in on the development itself is only based on yr personal opinions of that development and I was trying to get a different message to the audience.

So lets not focus on the good or bad of this development and ask your self are other developers in this position and what effect if any do you think will be created over the coming year ??

D

Yes I have another prediction … or two.

Credit card debt will hit 50 billion dollars in 2008 – highest in the world per head of population.

labor will spend all the Liberals cash reserves.

Retail interest rates will hit 10% b4 the end of 2008

Queensland and Adelaide will be the two best states to invest in.

Sydney investors should sell up most of their investments and invest in CBD or Lower North shore properties which will have a higher performance rate.

Now is the time to build equity into your investments – 6 months term deposits are now returning 7,25% and will rise as interest rates rise, come on baby boomers they have been waiting for this.

D