Forum Replies Created
Like most trading strategies it is courses for horses and depending on the market thus depends the strategy!
If anyone could consistently show 40% per annum over a number of years as a retail customer rather than a market maker or registered trader they would be able to command almost whatever salary took their fancy with most financial houses in the world.
In the mid 80’s we were selling stock and placing the cash out on the money market at 22% because the holding cost of the option was cheaper. That’s exactly the opposite.
Once again the strategy bow needs a full quiver of different arrows including staying out of the market if there isn’t a deal there and even heaven forbid, PROPERTY, which in itself is not a one size fits all business.
And in shares the most important rule is to avoid having a long term portfolio because you have made a short term mistake
If you borrow money to generate income it is a deduction. If you borrow to buy an assett it is not deductible.
That often affects the matter!
In NSW the local council can be asked for the ownership details of a single property a day which has the sale price on it. I just leave my weekly list with them and next week collect last weeks info!
Councils have in the past sold the information!
“The rate of return will decide if you eat well or sleep well”
My brother has on his office wall
(1) Tzarist Russian rouble bond dated 1916
(2) Sun Yat Sen chinese loan bond 1942
(3) Kingdom of Romaina Bond 1938
(4) Australian Savings bond 1985ALL government guaranteed! Nowhere need second mortgage quality! They are government guaranteed!
Three of the four governments no longer honour the guarantee
At the risk of repaeting myself
“The rate of return will decide if you eat well or sleep well.”
Good luck with your second mortgages. Have you adequate sleeping pills?
anyone beat this?
My mother owned a property once and I, being her lawyer son, had to argue for her that the bond should not be repaid because the tennants had ripped the cupboards of the kitchen walls and set fire to the carpet in the living room and burnt it (they were cold) … and that was after the agent said the condition on exit was “satisfactory considering the wear and tear”
Perhaps Mr Crashy might like to table his trading statements to show these returns. As a person who has been trading options for something in the order of 25 years on the ASX it is often hard to deal at the theoritical prices quoted by the ASX.
Oh by the way I have forwarded my $ 295 in order to recieve the wisdom that is offered. If it is as good as it is promised to be the price will look like a very small investment.
Check the stamp duty carefully and make sure that you don’t have to pay the whole lot on each share as is the rule in NSW I am led to understand
Ahh the talk of the 87 crash …..
One of Australia’s great investors when asked how he felt on the morning he woke to find the Dow down 500 he said that he “slept like a baby”
Slept, woke up, cried, slept, woke up, cried, slept, woke up, cried ….
Be told as someone that has been in the stock market since the Poseidon Boom that when the godzilla effect hits and it falls you just can’t get the hedges on in time ….
WITH ALL DUE RESPECTS HAVE A LOOK AT IT FROM THE INSURANCE COMPANY’S VIEW.
DO THEY REALLY NEED THE BUSINESS?
DO THEY REALLY NEED THE RISK?
SELF INSURE!
All this talk about shares and property and guru’s….
If you want to listen to an expert who has walked the walk and has succeded and is not just a parott of the others in the seminar circuit then point your browser to
and if you need a referal to his ability then ask another bloke who presented at the same forum as him last Sunday … an accountant from Melbourne who advocates postive cashflow properties … a Steve Mc Something
It’s worth the visit. A number of people have made a lot of money from his advice!
Savvy investors have both!
Take a property trust like the Tourism and Leisure Trust. (ASX code TLT) In owns an apartment block in Brisbane. It returns 10% and because of the depreciation in the trust you pay no income tax on the dividend. It just lowers your CGT cost base.
If you ever sell then and have held it for 12 months you pay half CGT.
The company managment does and has added great value to the property.
Oh and you can by shares below market value using options!
Even if you know that the cheque will bounce BANK IT. Why?
If they owe you money you only have a civil action. If they give you a valueless cheque then the might and majesty of the Criminal Justice System and her majesty’s crown prosecutor can be lined up on your side.
Your Moralsuasion is stronger when they are at risk of having comitted a criminal offence!
Thanks for the feedback!
The cheapest brokerage is in fact zero, that’s correct zero AND they will lend you 95% of the money but only on ASX 200 stocks.
try dealforfree.com.au
please forward confidentiality agreement to
In my view the money is better spent suscribing to marketmad.com.au.
The man has a lot of ability
Councils have the right to sell properties for non payment of rates at a public auction. These ocassionally happen and there are a number up for sale in my area next month.
Usually the owners pay the rates before the auction if there are houses on them and the vacant land is often sold at market rates
I have a number of them. All in all my family has something like 20 of them. The rule we have in buying them is never more then 8 km from the GPO in Sydney!
Minimum 12 month leases some tennants have been in them for many years. We try to rent them out to either professionals who want somewhere close to town or Uni students who we ask their parents to guarantee the payments.
Vacancy rates over the last 5 years has been one unit empty for one week! The agent charges 5% fees and they rent for 150 to 200 a week.
They have been good to us and whilst the banks don’t like lending on one they are more than happy lending on a portfolio of them with LVR of 60%
Some “small” country towns are near larger country towns. Take Junee for example. It is 35km from Wagga Wagga, the largest inland city in New South Wales that has plenty of employment, A RAAF base, an army base and there is a private jail in Junee.
Many Wagga workers live in Junee because the housing is cheeeaper.
There were fantastic pickings 12 months ago that complied with the 11 second rule plus more. Today its not so easy but they ocassionaly arise and are snapped up.
