Forum Replies Created
http://www.zerohedge.com/article/meredith-whitney-no-doubt-we-have-entered-double-dip-housing
Maybe Kiyosaki is right … if we don't change the whole middle class will be wiped out …
D
Thanks No.8
Yes I am as well … some days I wonder why with all this compliance stuff … if we make a mistake we go to jail but if a doctor makes a mistake they bury it.
Scratch … How much money did you make in your super last 5 years average … ??
It is a know fact that over the last 5 years the average super fund has performed poorly, right?
If this contribution was paid into a home lone on a weekly basis look at all the advantages … rapid mortgage reduction … reverse compounding interest … less stress on the family to meet monthly payments … equity … etc etc
If 50% of the equity was locked and protected then more people would have more to retire on …
If the other 50% was being paid at a rapid rate "reverse compounding interest" then this could be geared into other positive cash flow investments.
Do the numbers before you criticize …
D
Points well noted Kum … thank you for your great opinions.
The more information the better prepared we are, right?
Hi FW
It is not the fund that is the problem it is the people and companies you trust that are making bad financial decisions with your money.
Most funds are "derivatives" and are destined to fail … a company designs a derivative to make profits for themselves.
Please read Robert Kiyosakis new book Conspiracy of the rich to understand this.
You/we/I must learn financial intelligence and control our OWN money … read over the forums here and you will find every time someone has lost money it is because they have trusted an unlicensed person … or attended a seminar and encouraged to invest without proper planning and a personal profile.
Even Steve has an accounting back ground when he began with Dave his then partner.
You can become rich with real estate and there are lots of horror stories as well … if you get investing wrong you will lose your shirt, your marriage, and your dignity.
D
Sorry I think the problem is too many companies are "controlling the client"
A wood duck … Sorry … an unsophisticated investor (forgive me) goes to a mortgage broker to refinance … mortgage broker says hey you can afford an investment property I know a great company xxx marketing group … xxx does a big sell by a slick sales person who is not a licensed adviser to give investment advise … xxx have their own in house accountants and FP division who both charge $5k for fee for service on top of the $30k property commission … got the picture
The ASIC have not worked out how the SEPARATE a client from being "controlled" and ripped off by companies desperate to earn commissions …
PS 146 is a joke … every time I see "buyers agent" run for the hills … every time I see marketing company I see "over priced" …
The ASIC in my opinion MUST insist on a form that is to signed by EVERY sales person responsible for the sale from, broker, agent, accountant, company director etc etc with their qualifications … WHY
BECAUSE one of my jobs is to fix the mess created by the sales LIES by unconscionable individuals that have stuffed up the lives of really nice mum and dads out west — thats right out west because these companies would go broke working in the East or a more sophisticated area.
The ASIC must create a legal separation of every business … Independent in every way.
D
Yes you are in it … good luck.
Hello FW good comments,
I believe the Government should link your PPOR to your SMSF with a max lend of no more than 50% on independent valuations … why
Because people are spending their equity to survive and 95% of people at age 65 can't afford to stop working …
Your PPOR should NEVER be used for wealth gearing purposes … only marketing and sales companies will tell you other wise
D
Thanks Michael,
What young investors not realize is that they can be sailing along nice and easy then out of nowhere an EVENT changes their lives which includes, death, divorce, natural disaster, government policy change, interest rates etc
I believe we can reduce the risk by reading as much information before we get caught in a hole not knowing what to do …
Westpac and Nab are pulling out of H&L project lending in QLD Gold Coast and Brisbane … from a reliable source, and NO I will not tell you who dah!
40% miners tax ?? next Profits tax on big companies ?? then 15% GST increase tax ??
D
Well you can never say never …
In the webinar he pointed to rising job losses … nondisclosure of true debt … the EU and IMF can't fix the problems with money … DOW rising to 11,300 then dropping from end of July forward … Inflation interest rates and deflation … rst mortgages are choking the banks now and the banks don't want to get the truth out so they are leaving people in the homes for free … and more
Lets see, however now is a very important time to get your investments correct and no get rich quick schemes …
D
If they refunded you $3,850.00 at settlement we call this stitched up … this is a close technique to get you in quick … Henry Kaye did this years ago … buy today and i'll throw in …
Simple you paid too much and now you will have to wait a long time for any real growth.
Did you have an independent solicitor or one from their board?
Demand your solicitor furnish you with all the details of the disbursements from settlement … if they don't report them.
Hey great name "Playground" swings and roundabouts.
And the prices may fall further yet !!
Funny thing is I can't find any body who admits to voting for him in the last election … hahahahaha
Hello
I think you are very smart when you consider a new one bedder there is selling for over 500K
Why in gods earth people are buying new properties in this market and struggling to make 3% is beyond me.
All the old books before the boom said buy second hand properties.
A friend of mine in QLD just bought a 2 year old house in Coomera walk to bus and shops for $80,000.00 less marketing companies are selling in the same area.
If you are buying property from a "Mortgage Broker" you are an absolute idiot of the greatest order IMHO …
Buy in old established areas on train lines into CBDs just like Mr Yang has done … I also like West Pymble and old knock downs in St Ives for easy cash.
D
Hello DW
Or a rich person owns 4 houses with no debts …
D
Hi Fab,
Answer these questions,
Did you buy from a licensed real estate agent
Who was the sales person that "convinced" you to buy
What was the name of the company
On the settlement sheet who and what received the commissions …
Caveat Emptor
What is yr occupation ie sophisticated or unsophisticated investor
Did you hear about this through a seminar ??
D … hope this helps
Mackay is flooded with lots of discounted 2/3 year old properties … do yr research well … off the plan means you are paying a premium price …
D … Gateway to the Whitsundays just beautiful.
95% of their club members are selling or advising on real estate with a license …
I have been to several club meetings and they are very funny and well versed … we don't sell property we are here to guide you cough …
D …
I LOVE regional towns the shops and the people …
I love Mittagong and Camden area … BUT … then rents are down and there is no growth from investing unless you buy a motel or aged care development ??
Young people are moving out and older people can't afford the rents … put the rent up $5.00 and the tenant will leave then try to find a tenant.
We had a house in Proserpine that took 5 years to sell ?? bad luck or bad timing.
Maybe follow Steve ?? tax leins and not Australia ??
Hi Jac,
I do some consultancy and research work for http://www.realestateedu.com.au
There is a FREE 24 module full colour real estate riches home study course there valued at $4,001.00 … no up sell and no weekend seminars.
The owner is about to launch a new concept of on line courses and coaching with lots of videos … they have 4 paid programs and their/his property options 101 course is only $749.00 with a 731 page double manual which is the biggest and most comprehensive I have ever seen anywhere, I have a copy or 2.
Stay tuned to this site because I am privy to what the changes are … he has a team of 4 solicitors, accountants, financial planners, and stock market investing experts …
These expensive seminars are not producing results … have you ever wondered why they don't produce hundreds of millionaires from their programs ??? we should ask all of them to give us the names of 50 students in the last 3 years who have made over 1 million dollars … why not?
D … With out prejudice
Couldn't agree more FW …
All we ask from a government we put into power is …
Do what you promise from the get go …
Give ALL of us ONE set of rules and don't change them so people go broke …
RUDD has good ideas but fails to listen to members of his teams ideas of how to implement them …
RUDD is a megalomaniac …We are all from diverse back grounds but we are all Australians … act like it.Every Australian has the right to be rich and happy, and not just the privileged few …
Investing is all about living a better tomorrow … don't tax the middle class for one day they will revolt on you …
In 1991 the yen fell under 20,000 points and they said it would never happen …
Don't ever believe that markets never correct and if China is or becomes unstable Chinese investors won't worry about their deposits they will do what the Japanese did, pull it all out of Australia to survive back home.
Time will tell … the more INFORMation we have the better the decisions we can make …
D
