[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

October 23, 2004 - 12:41 pm

Should be worthwile as usual.

Might even see AstroBoy there this time.

Think I have spoiled myself a bit for the Spann evening though as I listened to his “Millionaire Magic” presentation this week.

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

October 16, 2004 - 5:52 am

Originally posted by **PropertyGuRu**:

PPOR ( own house ) is not asset it’s a liability.

I’m not sure if Kiwosaki came up with this saying or just borrowed it. It needs clarification.

Of course your home is an asset, consult the dictionary. Kiwosaki jigged the definition of an asset to “something putting money in your pocket, not taking it out” if memory serves me. The idea being your house is putting you in a -ve cashflow position due to ownership costs and no rent coming in + capital tied up.

With a build up of equity in a home there are well known ways of putting this lazy money to work anywhow.

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 28, 2004 - 3:08 am

That’s one of the best posts I have ever read.

Thanks

WaySolid.

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 27, 2004 - 10:02 am

B IG meetings are normally good value
U get out of them what u put in
M ight I see the famous SIS??
P lease come along

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 26, 2004 - 7:43 am

AC,

Rick Otton is speaking at the BIG meeting on Tuesday night.

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 24, 2004 - 10:14 am

Whats a bumposaurus then?

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 24, 2004 - 10:11 am

Kay,

Why didn’t the day appeal to you?

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 22, 2004 - 5:28 am

Mono,

Relax :-> Life’s too short for stress

Steve started his property journey at the start of an extended boom in property. Like many of us he is yet to deal with a sustained downturn in property, or property in a recession. I know you are an experienced property person Mono and have your own insights.

Steve exhibited admirable courage imo in the way he was prepared to make a change to his life and be creative with his investing solutions. Whether his messages and insights are less valid at the moment I’m not smart enough to judge. I know that smart investors make money in our society when change happens, whatever that change is.

I had the opportunity to talk to the smartest agent I have ever met (met a few as well) yesterday. He had some very interesting views on the economy, property and the property cycle. This family have been through 5! property cycles and are experienced enough to remember how property in Australia behaved pre 1950.. Something I’m yet to see any property presenter EVER talk about!

Here’s a personal observation: The biggest investors don’t spend their time on internet forums! They are too busy investing and making money

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 22, 2004 - 5:07 am

Excellent reply Peter.

I’m also a seminar junkie, though my habit isn’t as “expensive” as yours yet.

I will be adding another $2.50 or so (book royalties) towards your next Ferrari when your shares book comes out. Hmmm thinking about vertical integration why not start your own publishing company so that you can get more of the pie?

Thanks for your contributions to the internet investing forums. Look forward to meeting you at one of your seminars perhaps

My personal seminar thoughts:

I have been evaluating the difficult question of seminar costs myself, and agree completely that their “value” or “worth” is very hard to pin down.

“You get what you pay for” This cliche is very misleading when it comes to seminars, some of the most valuable seminars I have attended in the last year have been the cheapest ones (I have attended 15 or more 1 hour or longer events).

I find it fascinating that when Freeman-Fox did the seminars for free that less people came along. Our biases when it comes to money are truly weird. Smart marketers know how to take advantage of us as well, using our biases and fears, and our greed.

The best measure I use when evaluating a seminars worth is to talk to as many people as I can and go in with my eyes open and wallet closed. I’m yet to attend any seminars run by sharks however, I think I’m too good at recognising sharks from a distance; living on the Gold Coast as I do.

There are wealthy and smart presenters out there who genuinely do want others to succeed, and every person has to put their own dollar value on the presenters time.

For me I could spend several thousand on a seminar and not lose any sleep if I found out I had wasted the money, for others this would be a huge hit to their bank balance and happiness. There is a line in the financial sand for everyone here.

I’m interested to hear that Peter Spann is another Tony Robbins disciple! I’m personally not sold on the prices he charges for his seminars, though I have read all of his books. Does the guy really need any more islands? Though I am thinking that it might be worth attending just once to see what it’s all about And you can get great deals on his tickets if you buy them off people nearer the presentation date I have recently discovered.

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 21, 2004 - 7:44 am

Thanks for sharing Chefspop. Hopefully the experience you have gained will compensate for the lost dollars. Why is experience so expensive in life?

Since 2000 The Beattie government in QLD has gotten serious on cracking down on two-tier marketeers. The rats have subsequently fled the ship so to speak and have been popping up in Sydney and Melbourne.

Melbourne hi-rise projects have been a warm hideout for some of these rats unfortunately.

WaySolid.

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 20, 2004 - 12:02 pm

Try the reefcap forums. Ozestocks forums is a growing community with at least a few posters who appear to walk the walk.

From what I have seen and read (I’m a learning shares novice) reefcap has the hardcore Aussie/NZ share people. At least one large fund trader (forex markets) posts there.

HotCopper is good for some light reading.

WaySolid.

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 20, 2004 - 11:52 am

Originally posted by admin:

Hi,

Shares aren’t generally talked about here due to ASIC regulations.

Regards,

-Admin

Does anyone else find this situation funny?

I attended a share investors group a week ago and they weren’t allowed to even display a current chart due to ASIC regulations.

Yet look at just who is allowed to give “education” about investing in RE. Hardly a level playing field I think.

WaySolid.

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 20, 2004 - 11:18 am

LifeX,

Like his books. “Eat That Frog” is my favourite.

Not sure about the 5k though, I’m one who is spending quite a bit on education currently; but that does sound very expensive.

5k for one on one mentoring perhaps? If you are part of a large group/seminar however then I’m not sold on that idea.

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 20, 2004 - 11:06 am

Actually I think that post came out too negative..

Things are pretty good here, just think they could be a lot better thats all.

[skull] trolls [skull]

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 20, 2004 - 10:55 am

By definition trolls like being fed, it sustains them. I have never talked to a troll online directly, perhaps I should? History teaches that reasoned replies to a troll are like fire extinguishers loaded with petrol.I don’t have something against anyone! Just the content of their posts.

I just leave the forum and spend time elsewhere online. My loss? Perhaps. If you add up enough good people doing this then you see the collective damage a troll does. I have seen another online community I used to visit regulary; destroyed by a particulary active troll.

I prefer to spend my time reading posts that make me think constructively, and post similar replies if I can.

When a post gets to several pages with trolling content (and there are too many of them) then there is a problem.

Zero tolerance:

* Personal insults.. You goose, you fool, etc etc
* Ramping
* Taking posts off topic
* Flamewars

Now to be really opinionated.. I found this forum middle 2003 and sometime later the Somersoft forums. It’s my opinion that Somersoft has a much healthier discussion going simply because there are a few strict admins stopping most of the rubbish that goes on, and people are banned if they act like that. And what’s with all these people popping up with 1 post mysteriously supporting their favourite troll? Far far too many.

I have no barrow to push, I simply enjoy talking investing/property wherever (I’m a lurker/poster in 10 or more investing/property forums). Also this is just my own opinion of course.

Does anyone think there isn’t a problem?

WaySolid.

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 18, 2004 - 11:48 pm

I’m also interested in this thread.

The interest rates in the US are quite low as well. I know there must be ways for Aussie residents to get access to this money as there were all these scandals with farmers getting foreign loans in the 80’s.

WaySolid.

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 18, 2004 - 11:44 pm

Is anyone going to answer my question about the 1 possessory right title?

Or are you too busy fighting?

[jerry]

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 18, 2004 - 8:22 am

Mono looks like you missed out! Bad luck

Combine this project with 2.5 acres (1 freehold title & 1 possessory right title)

Anyone know what 1 possessory right title means? Sounds like the first to build there will own it??

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 18, 2004 - 8:07 am

I’m interested how you manage your risk in a one horse town dependant on an industry thats traditionally fickle (say mining for example like Roseberry). Fixed interest rates only go part of the way when you consider the risk on the IP you have just purchased.

What happens in an industry downturn (I guess weirder things do happen in the world than mines closing) where your tenant supply dries up?

What happens when you emerge from a fixed interest period into an environment where rates are higher than they are today (this might just happen you know).

What happens if you find your +ve cashflow “investment” records minimal CG or -ve CG

What happens if the population decline that demographics indicates is happening (bush to beach) doesn’t reverse?

I have a few suggestions for managing risk for these investors.

* Hedge your risk re: industry specific downturn by short-selling the companies shares.
* Create “alternative use” for these places. Some of them would make excellent “rural retreats” or festival locations.
* Create your own demand: Offer them to Govt departments for leasing. Or bring in new industry to the town like tourism.
* Find something unique about the area.. “The healing powers of the local water supply” or something similar (Yowie sightings?) and get it telecast on “A Current Affair”.
* These a just a few ideas I have come up with, I’m sure there are many others.

Cheers,
WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb

[Andrew_AParticipant@andrew_aJoin Date: 2003Post Count: 392]

September 18, 2004 - 7:28 am

Why aren’t threads like this deleted?

WaySolid

“Write the wrongs that are done to you in sand, but write the good things that happen to you on marble.” Arab proverb