Hi Everyone,
I have been pondering this for quite some time and have finally plucked up the courage to dive in and go for it.
The help I am requiring to start my journey is finding a good financial adviser on the Northern Beaches of Sydney who is actually a investor. Can anyone help?Cheers
What actual service from a FP are you after ?
Richard Taylor | Australia's leading private lender
Hi Richard,
Well for someone who is just starting out what would you suggest I have in place before I invest in my first investment.
Cheers
dcn05 wrote:Hi Everyone,I have been pondering this for quite some time and have finally plucked up the courage to dive in and go for it.
The help I am requiring to start my journey is finding a good financial adviser on the Northern Beaches of Sydney who is actually a investor. Can anyone help?Cheers
Richard, are you a Member of a superannuation fund? Many of these funds have free excellent financial advisers & yes they have your best interests at heart. C-Bus or any of the Industry funds are great.
No must confess i am not a member of a Superanuation fund as I run my own SMSF. (I Assume that comment wasnt aimed at me).
In answer to DCN question remember a Financial Planner (And yes i am one of them) is not always a licensed mortgage broker so whilst most of them can tell you which Managed Fund to place your savings in and watch them go South they cannot comment about Loan Structuring, set up or borrowing capacity. This is the domain of the MB hence i am both so i can assist my clients in all aspects.
Feel free to shoot me an email and I would be happy to make some comments on your current situation and the forward. (And NO i dont charge for it).
Richard Taylor | Australia's leading private lender
With all due respect, I personally would not consider consulting an industry superfund advisor for anything else other than advice on an industry super fund.
They may be excellent on advising on the respective C-Bus funds etc however, they are not financial experts and also are generally not well rounded in property and finance.
I have been a financial planner (not any more) and know the difference between proper strategic planners and super fund advisors (again, no disrespect intended).
We are in St Leonards and I am happy to give you a few names of financial planners that I know if you want to get in touch with me. (no hidden agenda's here, I do not get paid for any referrals).
In my experience 'Free' advice also comes at a cost.
Chris White | Pillar Property
http://www.pillarproperty.com.au/
Email Me | Phone MeThe Property Investment Specialists
My two bobs worth.
Financial advisers suck. They are all stuck in the rat race working for the man………so why listen to them? They will get you to invest in a managed diversified share portfolio where you will make……………absolutely nothing. They will get a commision and your profits will get gobbled up with fees.Here's how you make money
1. Start a business
2. Invest in real estate (positive cashflow is best. Also You make your profit when you buy it not when you sell it. Appreciation is a bonus, never the motivation)
3. Invest in shares (blue chip for safety and dividends………..other stocks are like punting on the horses)You will struggle to get rich working for the man and giving half your salary to the government. A business will give you a tax shelter although the GST has put a lot of pressure on businesses starting up because you have to pay it whether you are making money or not. A business buys things with pre taxed money. An employee buys things with after tax money
Do your research. Learn for yourself. Read the "Rich Dad"series of book by Robert Kiyosaki and your life will change
Start TODAY
Hey CHIS,
Cheers for your two bobs worth mate.
I too have read Robert Kiyosaki series of books and what I got from his loud and clear message was T.E.A.M.
Without a TEAM you are wasting your time and effort investing. And part of creating a team does involve a FA to some degree.
There is no point making an empire, only for someone to destroy it in a blink of an eye because you had not set yourself up properly.Maybe you missed something when you read his series… I would advise you re-read them and read between the lines so you fully understand what Robert was saying. Then you wouldn't have an unfortunately event like you have had here when you blurted out something in public that makes you look silly.
But cheers for the advice
Sorry I bothered
Good luck
You must be logged in to reply to this topic. If you don't have an account, you can register here.
