All Topics / Help Needed! / Starting with Positive CF Opposed to Negative Gear
I’ve just finished reading Steve’s first book, and I have to say that it is definitely an eye opener. My investment portfolio currently consists of 3 negative geared properties which show good capital growth, but is that really the best strategy for me. As Steve put it in the book “What do I want to achieve”? I enjoy my work and don’t mind using my salary to support the negative CF (approx $3K after tax refund) but I would also like the option to stop work and let my investments do the work for me through positive CF. I am now convinced that positive CF is the way forward for me. But what to do with my existing investments – to sell and cash in profits after tax and costs, and then reinvest in new positive CF propoerties OR leave as is and start with a new propoerty. I also have a home mortgage that I would like to pay off (which I have equity 50%) but I think the first thing would be to establish some passive income. Any advice?
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