Hi
My plans are help more of my clients to accumulate wealth taking advantage of the bargains, so they are happy to pay me for the assistance allowing me to invest in all the bargains on offer at the moment!
Mine are to short financials, short transport companies, short consumer discretionary stock options and long gold options. Wait for gold to pop, take up a long term put position on gold and maybe mint some coins from its slide from 900+ to mid levels.
That, and buy my first home.
Spot on !!!!!!
Great advice to those that will listen.
interest rates are killing us (but we will hang in) our share portfolio is down but I am buying as many blue chips as i can.
cheers
Toni
Wealth Accumulator wrote:millions wrote:Hi Mathew,My plans are:
– Get a new accountant, (i've got a couple in mind) before I do anything discuss my goals with them – unless they hold a financial services licence or a real estate licence they can only advise on tax issues – get the full picture not just tax
– No share purchases, offload the piddly amount of shares I currently own at a loss – great short term panic attitude, with quality companies paying dividends of over 8% this is a great strategy.
– No property purchases, do a minor reno on currently owned property, increase the rent on it, sell it for a good profit property markethas slowed due to the rest of the panic merchants or over committed out there – good luck
– Build 2 houses behind another property we already own this might go ok as the building costs may have gone down – depends on how many builders go bust.
– Get hubby to take 3 months off work, either leave without pay, or take his long service leave and travel around Aus probably best done when investments doing better – I would be earning the cash to buy cheaper good quality investments – how are you going to monitor the contruction of the properties?Thanks for advice. My plans changed totally since writing this. Good points.
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