$1 Million soon will be rewarded, need Help

If you have no experience in property investing,

DONT JUST BUY ANY PROPERTY!!!
It’s very easy to lose money! Dont take advise from real estate agents or finance advisors that suggest super!

If I were you and I had no experience, I would LOCK the money in a bank and start learning how to invest!
Property investing is a PROFESSION! It can’t be learned overnight and if you wait for someone to just tell you what to do, you are in danger!

I would hire a good property advisor or mentor who can educate you to make descisions along the way.
I could recomend one in NSW if you like (email me), but in the mean time, you need to keep your money locked up and get educated! Dont just look for quick answers.

That $1 million can be turned into $10 Million in a year if you know what you are doing!

We buy properties in Adelaide. No Agent Fees.
[email protected]
phone 0412 437 582

Hi Persian,

If you are after a financial advisor that is interested in property Roy Halibi, who posts on here as GPSnetwork would be a good person to speak to. You could fiund some of his posts using the search function or have a look at his website http://www.gpsnetwork.com.au

Regards
Alistair

Hi Persian,

Thanks for yor post and your email.

Personally I wouldn’t call this a problem, but a great oppurtunity rather. As mentioned there is a lot to learn about property investing and it’s important to be around the right people when it comes to this.

There are many differrent ways you can go about investing your money, it just depends on your particular situation.

Happy to disscuss this further with you.

Roy H.
L.R.E.A., Dip FS (FP)

Guardian Property Specialists (GPS) is a research-focused company that specialises in sourcing and providing residential investment properties Australia wide!

http://www.gpsnetwork.com.au

i would set up a growth share portfolio as per Allan Hull Actvest newsletters, web page, http://www.alanhull.com.
I have done very well with him.
Also buy some blue chips shares or installment warrants and write covered calls over them.
See the ASX web site which gives a lot of information on this.

Property: forget it just for income, only buy if you can add value or it’s going to have rapid capital growth (unlikely at present), see Steve mcknight’s last newsletter.
I buy only dual occ potential properties, to add value by getting plans and permits and subdividing. You have to know what you are doing and it took me a while to figure out! No one told me.

Another good income stream is commercial property via property trusts, eg Cromwell, i have brought for my super usually return per month about 9% and very steady.
Consider setting up a company structure and trusts for assett protection, eg shares in one trust, property in another trust.
It’s a good idea to not place all your eggs in one basket, I have also learnt that lesson.
Diversify and if one investment goes pear shaped, other are likely to do well. I do my own research and ask experts if necessary.
Dare I say it, I don’t use financial advisors.
Hope this helps.

What would I do?
pretty much what I’m doing now!

The minute you stop seeing $1million as alot of money is the minute you know you are ready to invest!

The only way that you will see it as NOT being alot of money, is when you are confident that that amount is realistically within your reach, no matter what you are starting with.

Money does not make you rich, education and experience does!

We buy properties in Adelaide. No Agent Fees.
[email protected]
phone 0412 437 582

Risk and return has a strong relationship. Basic stuff folks.

For 24% pa – more actually after compounding effect the risk is going to be higher than a term deposit.

I wouldn’t be placing all my eggs in this one risky basket and I doubt that any professional would call that good advice Aussie Lad.

Each to their own tho.

What would I do?

I would seek and pay for professional advice. I also know who I would approach to have a plan written and run for me that would increase this $1M many times in the medium term.

I would not act on advice from a bunch of well intentioned strangers. Some may be 16 years old with no financial experience as far as you know. Maybe even myself [blink]

All the best,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Exelent advice Simon and due dilligence is importand as well as diversification.

I have no money in this fund myself, but know for a fact that it has payed 2% every mth since it began, with very little risk (not garanteed but is anyhing).

FYI Simon, in the S&P 500 lately the higher the quoted return the closer they get to achieving it.
eg. If the fund quoted high (higher than 2% per mth) the managers are more likely to realise this than a fund that quotes what most would think is a safe fund.

My last term deposit lost me money, in this type of fund SO FAR I have made money.

Take Simons comments to heart and DO NOT take my word for it. Find out for yourself, but the world is a large place with Aus having only aprox 1.2% of the worlds investing capital. I use profesional advisers also, just in different areas.

CATA
Asset Protection Specialist
[email protected]

while deciding what to do, why not wack it INGdirect at 5.4%

thats 4500 interest a month (just make sure you put half of that aside for the tax man.) (actually not half…see below)

54000 a year in interest..
using ato’s simple tax calculator you would have to pay 12,372.00

Now thats just while you are wondering what do do with it…you can actually earn more than I do a year..just off your interest.[smiling]

CATA,
I’m interested…pls xplain…
How long have you been in this fund & how long has this fund been going?
What makes it low risk?
I would say most people would have been happy with their stocks just before the bust
Rgds
Buylow

I’ll start with baby steps!

First decide how active you want to be, read some books on different strategies.

Do you want to just buy/create cash flow positive or do you want to be actively involved long term (ie building, renovating) or maybe a bit of both.

once you have decided on your strategy, the best way to go would be to find a joint venture partner who has experience and can teach you as you go, just check that they have experience first and make sure you do your due diligence.

Would be happy to advise more if you want to email me.