[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 22, 2012 - 4:03 am

Freckle wrote:

bardon wrote:

Freckle wrote:

Certainly, the lies from our political leaders are entertaining. But how many more revolutions, riots, defaults, bank runs, stimulus packages, nationalizations, tax increases, pension grabs, etc. will it take to acknowledge what’s happening?
Can anyone afford to keep ignoring reality? Can you?

I think this article is kid of apt considering the circumstances and the recent posts.

http://www.sovereignman.com/expat/whats-next/

So what does one to do to combat this all encompassing Big Government monster ?

I suspect people like yourself will simply get bigger blinkers and cocoon themselves in make believe world where all is well.

Meanwhile people like myself are concerned about where government is going with many things. The Australian government is well and truly in bed with the yanks and adopting some of their tactics. That actually scares the hell out of me. There is absolutely nothing the US government will not do to its people to achieve its political, military and financial aims. It is aided and abetted by its suck-up friend Australia.

You have to worry when a guy like Julian Assange can’t get any support from his own govt/country. You’re better off being a Bali drug smuggler than anyone who fronts the US over its criminal activities.

All I was asking for was answer to the question not your guess as to what I would do and then add to the lists of concerns.

It is amazing how confident that you are in your assessment of me based on a couple of internet posts. You must have a sixth sense as most would not be bale to form such an opinion with such scant information.

As for your concerns you continually mention, all I am asking is what is your response. Although you think that you do, you wouldn’t be aware of my political opinion for what it is worth.

As for Assange he is the pasty for increased internet censorship and I think he is in on it, as this is, in my opinion staged.

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 21, 2012 - 11:13 am

Freckle wrote:

Certainly, the lies from our political leaders are entertaining. But how many more revolutions, riots, defaults, bank runs, stimulus packages, nationalizations, tax increases, pension grabs, etc. will it take to acknowledge what’s happening?
Can anyone afford to keep ignoring reality? Can you?

I think this article is kid of apt considering the circumstances and the recent posts.

http://www.sovereignman.com/expat/whats-next/

So what does one to do to combat this all encompassing Big Government monster ?

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 21, 2012 - 11:07 am

fWord wrote:

bardon wrote:

fWord wrote:

Yeah, the world is coming to an end too.

But it's not gonna be 2012! That's my prophecy! LOL

You are most probably right there. So does that mean we should just maintain the fear indefinitely and one day we will be proven right?

No, no. Far from it. What I meant to say was, don't live in eternal fear. Every few years or so, some false prophet comes out and says that the end of the world is near. What rubbish! It will be good to live everyday as if it were our last, and I wish I could do that. But such prophecies should not instill fear and dread into an individual and cripple him/ her from making any real decisions in life.

Each of us will make decisions that will best ensure our happiness, consciously or unconsciously. Currently I really hate having to work.

But someday, I will be free!

Yes I was being sarcastic in my post that you quoted. Its just a game after all and there is no such thing as the future only the present moment and the next present moment. If you can get some joy out of the present moment then there is nothing else that will provide it.

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 21, 2012 - 11:03 am

simple wrote:

bardon wrote:

fWord wrote:

Yeah, the world is coming to an end too.

But it's not gonna be 2012! That's my prophecy! LOL

You are most probably right there. So does that mean we should just maintain the fear indefinitely and one day we will be proven right?

Indian use to believe that you are only truly free if you live with no fear

Expectation of RE crash is hardly a fear as such. People would not share fears, they hide them. I would not think that anyone here is truly expressing any fear.

I think that a lot of us become risk averse as we grow older, chance taking is frowned upon, failure is seen as a weakness, it is hidden and buried. When In reality most success is built on failure, two sides of the same coin. I plan to have some massive failures in the future, if I don’t I probably aint living to my fullest potential.

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 21, 2012 - 10:56 am

simple wrote:

bardon wrote:

I love it when they moan about the lack of new housing. Its such a fantastic trend after all.

I am sure there is a shortage….. somewhere in Australia, like mining towns
But in Brisbane…. I had vacancy now for 6 weeks…

Sorry to hear this simple. Why do you think that it isn’t renting.

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 20, 2012 - 9:33 am

fWord wrote:

Yeah, the world is coming to an end too.

But it's not gonna be 2012! That's my prophecy! LOL

You are most probably right there. So does that mean we should just maintain the fear indefinitely and one day we will be proven right?

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 20, 2012 - 9:31 am

I love it when they moan about the lack of new housing. Its such a fantastic trend after all.

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 20, 2012 - 9:18 am

That seems to stack up with what I expected. Prahran is an excellent suburb, I have spent a lot of time there and it reminds me of Greenwich Village NYC in a big way where I have also lived.

My rental is probably middle range, its a three bedder two storey and is currently rented at $900pw and due for renewal in December. Walking distance to the beach, high street, train station and state and private schools. I bought it when I moved there to live in 09 as it had the village scene and it was only 20mins drive to my office on St Kilda Rd if I left at 6.40am. I will see what the PM reckons when it comes to rent review but I will not be to aggressive given that they are a low maintenance so far.

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June 19, 2012 - 10:08 am

Kristin, do you have any feedback on Hampton in the Bayside ?

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 16, 2012 - 10:23 am

lila77 wrote:

Thanks for these suggestions and the list of what to check for.

Is there anyone who actually use the insurance and have made claims that could tell me about their experiences.

Yes I have made a calim for malicious dmage and rental loss with Terri Sheer. Like all insurance companies they go through the process of trying to deny the claim. I found them to be fairly aggressive, officious and non responsive with my claim. I got some bucks in the end but wasn’t that impressed but I do know that all insurance companies are crap when it comes to a claim.

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June 16, 2012 - 10:08 am

Yossarian wrote:

It’s a conspiracy theory postulated and perpetuated by nutjobs.

Apparently.

Frecking hilarious.

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 16, 2012 - 10:05 am

My advise would be to take some action then see how it goes. You can research and analyse as much as you want but it takes action to learn lessons. The other guidance I would give is to do one thing at a time, get it settled in and be sure it is before you do another.

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 16, 2012 - 9:53 am

Freckle wrote:

bardon wrote:

So how long have I got left before this hidden hazard gets me?

Kinda scary really. You think it’s hidden, not obvious etc. Like I said, enjoy it while it lasts Bardon. They say ignorance is bliss. I’ll leave you to continue with a blissful life.

Yes bliss is good. I guess if you don’t put a schedule on the bust then there is every possibility that you will be right some time way out there in the future. Its a bit like the broken clock being right twice a day.

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 16, 2012 - 9:44 am

An accurate rental assessment, deal with issues without contacting me, money in the bank, good network of suppliers for property needs.

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 16, 2012 - 9:41 am

With respect to running a business in a semi retired type role I have seen this not work out well. Some people that I know ended up buying a job, and then the commitment to run the business was 24/7 and not really what they imagined. The main point is yes set up a business if that is what you want but be careful about buying one. You may simply be buying a job and we all know that you can get them for free.

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 14, 2012 - 12:38 pm

Right now the growth assets have been well and truly purchased and that phase is behind me, like most it would have been good to buy earlier but no regrets on that part. I will probably do a development on one of my properties and am in no rush to do this which might mean I do it in semi retirement. My plan now is to keep maximising my income and savings, super is okay and I have an equity position in the company that I am working for that has a long term tenure pay out condition. Having changed jobs quite frequently and rewardingly in recent years, I hope that this job will now be my swan song with respect to the day job bit and take me up to 55 in 7 years time.

After that, I do intend to have a life change and get off the career fast track and probably step back at least from that role, maybe continue some presence as an independent director and cherry pick a few part time consultancy assignments and whatever else seems interesting at that time. My houses which have been set up as massively negative geared should be pretty close to cash flow neutral by then and should start providing some cash flow thereafter. Me and Mrs Bardon had a rough plan to head down to northern NSW for the life change, but I can now see this wont happen at 55 as we have just returned to our home in Brisbane and have decided to do the dream home reno on it. Given the kids will be 18-20 when I am 55 I can see that they will still be well and truly at home and probably needing financial assistance with education or life support of sorts. That will tend to keep us in the city a while longer, not that that is a problem as we are both city slickers anyhow, and we enjoy the network and the amenities it has to offer.

Longer term reverse mortgages are definitely an option as I would prefer to hang on the assets and leave them for the kids after. I guess they will just have to hope that I don’t hang on too long blowing their equity on whatever takes my fancy as the older I get the more I enjoy spending money on enjoyable things. I certainly wont be sacrificing things in my later life just so the kids can blow it after I cark it that’s for sure.

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 12, 2012 - 10:49 am

ayjae wrote:

Hi again Bardon: Thanks for sharing so much wisdom. I am really impressed by your summary of what are we really chasing. If anyone younger than 20 asks me about investing these days (not that I am an advisor) I tell them to buy a house, then go buy an investment property, something good for long term growth, then find a job you really enjoy and live life. Just think if we all had our own home paid off with reasonable equity and another paid for by taxman and tennants which we held for 20-30 years, we would probably have a great house and $ 2M (or it's future equivalent) invested giving you $ 100K pa if you're only making 5% from it ! This is the only thing I wish I had been taught at school. So now we play catch up. I completely agree with your thinking on how much is enough.

Thanks again.

Yep, many of us would have done better to start earlier but I would guess that in general we are all probably starting earlier than our parents did. This is the case for me. Better still my young boys have an eye for good property, understand finance and tax and know about estate planning.

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 12, 2012 - 10:40 am

Freckle wrote:

bardon wrote:

I may well have a blind spot for something but I do feel good about my lot in life at the moment.

You have more than a blind spot Bardon but enjoy it while it lasts anyway.

So how long have I got left before this hidden hazard gets me?

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 11, 2012 - 3:34 am

Dubstep wrote:

Bardon,

            Love your optimism  !

I may well have a blind spot for something but I do feel good about my lot in life at the moment.

[bardonParticipant@bardonJoin Date: 2004Post Count: 557]

June 11, 2012 - 3:29 am

Thanks, that is a good idea and doesn’t really lessen their obligation either. The buyer can always wriggle out on finance anyway. So this way a fairly innocuous clause allows me to bale if I get a better offer.