[AceyduceyParticipant@aceyduceyJoin Date: 2003Post Count: 651]

July 10, 2004 - 7:39 am

Let’s see…just about to made 1300% on a company I’ve been Angelling who’s IPOing next month. If the company goes above list price & is successful, that will be a fair bit more.

Nothing much exciting on the property side in the last few months, just slow steady growth – but we’re not focusing there at present, just maintaining the curve.

Cheers,

Aceyducey

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July 10, 2004 - 7:34 am

I made it to the seminar as well – would have been an idea for people to co-ordinate & catch up afterwards – particularly since it finished at lunchtime

Overall not impressed.

Bill Danka who we were there to hear speak, didn’t. The share guy was reasonably good – and I’ll be using some of his info in a book I’m writing, but the Internet Marketing guy was a real waste of time from my point of view…but then I’ve background in the area.

Overall it seemed a bit of a slap-dash event….from 5 speakers down to two, with none of the big names stepping onto the stage. Corny american singalongs with one of the Osmond kids – all growned up.

However I particularly enjoyed reading the disclaimers they had stuck up everywhere to satisfy ASIC requirements & did run into some friends & did some networking, plus got the afternoon off from the kids, so it was on balance a worthwhile day – only minorly due to the seminar though

It’s interesting to see the balance shifting away from property seminars to other asset classes…and only a year after the smart money started diversifying

Cheers,

Aceyducey

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July 7, 2004 - 1:56 pm

I think this whole discussion gets down to a single word.

FREEDOM

The key with Financial Freedom is that you’re FREE. Your time is your own, you can pick and choose your commitments and choose when and if you work, who you work for and what you do.

You have the freedom to help charities without having to find cash to put food on the table.

You can work at the endeavours you enjoy.

I can understand why many people who are financially tied to their job take up the ‘sour grapes’ philosophy.

They ‘love’ their job in the same way that stockholm syndrome can make captives identify and ‘love’ their captors.

The only time you can really be sure that you love what you are doing is if you can walk away from it at ANY time without financial stress.

At that point you can be completely honest with yourself that you are in that role because you do love it.

BTW: Kay you’re completely correct that historically people who are unemployed are more likely to be ill. After all they are stressed – financially on the ropes – adrift in a society that has taught them that they are nothing if they don’t have work. Brainwashed and outcast.

Equally historically retired people also suffered from ill health.

After all the primary reason people leave work is due to being too old or due to ill health. Naturally most retirees from the rat race only have a few years left in their bodies before health issues set in.

If you are financially free you’re not part of these groups. You can do the things you most want to do at a time of life when you are physically able to do them.

You have no financial stress. You can define your own meaning. Of course small people always try to pull you down and say ‘if you’re not working you’re unemployed – valueless’…But that reflects THEIR brainwashing. They are the captives of the system.

Anyone who wants to work until they die in a job they claim to love but cannot afford to leave is welcome to do so. We do need people like this in the world.

It allows those of us who are or seek to be financially free to see what we could have been if we didn’t put our energies into choosing our lives and goals, rather than having society & employers choose them for us.

Cheers,

Aceyducey

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May 20, 2004 - 11:08 am

hmm – thought I posted in this thread – is someone deleting posts again?

Cheers,

Aceyducey

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May 19, 2004 - 2:10 pm

Yup Mel I made a mistake – that’s what happens when I scan too quickly

Cheers,

Aceyducey

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May 19, 2004 - 2:07 pm

Sarah,

Read some of the books by Jan Somers.

Margaret Lomas is worth reading too, just as a comparison.

Cheers,

Aceyducey

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May 19, 2004 - 2:06 pm

Gee wow! A good looking layout.

Unfortunately the site is poorly conceived in most other ways.

Bad name – has too many negative connotations.

Poor grammar – shows that owner doesn’t care enough about the business

Too much rhetoric – not enough solid, plain english, content

Cheers,

Aceyducey

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May 19, 2004 - 2:02 pm

glenetti,

Totally disagree with your definition – as do all the property writers I have read & all the experienced property investors I know.

Why try to change the definition? Just do your own thing.

Cheers,

Aceyducey

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May 19, 2004 - 2:01 pm

Milly,

Often female REAs are better at their jobs than male ones.

Frankly you might find it easier to negotiate a better deal with a male agent than a female!

And my partner does a lot of dealing with REAs (does most of our frontline negotiating, I’m the back-up). She also finds it easier to negotiate hard with male REAs.

Don’t challenge it if you can make it work in your favour!!!

Cheers,

Aceyducey

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May 19, 2004 - 1:58 pm

Sparkie,

Read more books!

Jan Somers (for property) & Robert Kiyosaki (for how you think about money) are good ideas.

Going out and investing based on what you read in Steve’s book doesn’t give you a full toolkit of strategies.

Cheers,

Aceyducey

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May 19, 2004 - 1:56 pm

Unit Trust is a good solution as well – with a corporate trustee owned 50/50 by the two of you.

It makes it easy to make changes & to manage tax & liability effectively.

Cheers,

Aceyducey

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May 19, 2004 - 1:54 pm

jsandso,

Just don’t consider this a residential property investment.

You’re in the tourism market – there are different drivers & trends.

Unless if the property is suitably located to be a long-term rental proposition, you are unlikely to get the same CG level (less people will be interested in buying it – only investors).

Equally while short-term rental figures are much higher than long-term rental levels, the occupancy rate is substantially higher.

Keep in mind – you’re not a landlord, you’re a motel owner.

Cheers,

Aceyducey

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May 19, 2004 - 1:49 pm

Step one: Drop your BIG FOUR accountant – and NEVER use one of these companies to advise on property investing again.

Look up Dale Gatherum-Goss. He’s an excellent investment accountant. Tomy Commisso is good, but can be a bit too aggressive for some peoples’ taste

Cheers,

Aceyducey

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May 19, 2004 - 1:44 pm

Coldy,

Why don’t you look at the property market in WA and the effects of the Cup way back when as an example.

Frankly I reckon this sort of event, like an Olypmics, would only be good for stimulating a short-term property spike, generally followed by a major drop.

Cheers,

Aceyducey

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May 19, 2004 - 1:42 pm

Finder,

Do LOTS of research and make sure that what you are doing is absolutely legal!!!!!!!

There are too many people happy to call themselves spotters without real estate licenses in Australia.

I’d look into professional indemnity insurance as well.

Cheers,

Aceyducey

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May 19, 2004 - 1:40 pm

I’m a cram studier, so can’t really offer much support from my perspective. Mostly I did my study in the final two hours before going into an exam at uni.

All I can suggest is tha you talk to the body you are studying through or some of the other unis round the tracks. They all have recommended books on study techniques that are quite good – provided you study them closely

Cheers,

Aceyducey

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May 19, 2004 - 1:38 pm

JenD,

Check with the FIRB as to whether you qualify to purchase the property.

Generally foreign citizens are only allowed to buy NEW dwellings in Australia. Dunno if your status as a ‘Resident for Tax Purposes’ will help you.

Frankly given your situation & time of life I think you’ve got much better ways to spend your money right now than in property

You don’t even know if you’ll be staying in Australia long-term….and no matter how steady your boyfriend, it sounds like you’re taking a bigger risk than you might think.

Enjoy your MBA – and make sure you back it up with plenty of real-life practical business experience….I’ve seen a lot of MBA graduates out in the workforce, and have not been impressed with most of their common sense (usually absent) or business acumen (ditto).

Cheers,

Aceyducey

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May 19, 2004 - 1:32 pm

You’re always more secure if you change your passwords

Particularly after you get a Trojan…..

Cheers,

Aceyducey

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May 11, 2004 - 11:25 pm

Martin is, I believe, one of Neil Jenman’s agents.

Seen him before on other forums

I like the comment in Neil’s article:

it is not possible for “average Australians” to become millionaires in property in 12 months. Anyone who makes such a claim is, at best, deluded – or, at worst, a liar.

Well damn – kill that ambition for everyone…..we all may as well sell all our properties and go live in caves…

Perhaps it would be better to say it is not possible for MOST average Australians…..

Perhaps the people he tramples down as ‘average Australians’ are not capable of their own financial success and need to be protected by a wealthy and financially independent real estate agent and property guru such as Neil Jenman who constantly promotes his franchise chain.

Then again, perhaps not!

Cheers,

Aceyducey

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May 11, 2004 - 11:19 pm

Personally I don’t like ‘bird-dog’ either.

The official term is Buyers’ Agent. Anyone using another term is quite possibly trying to evade the laws and guidelines around who is legally allowed to conduct this business.

Cheers,

Aceyducey