Quote:
Overall, mining accounts for just 1.8% of employment in Australia

Says a lot that stat.

Jack

Stay in cash and term deposits. The global scene is just getting warmed up. You’ve seen nothing yet compared to what’s coming. Watch China. It’s our Achilles heel. Growth in China is slowing as global growth slows. 2012 is predicted to see growth (China) around 7% and some see growth dropping to 3-5% from 2013 onwards.

Sydney is a service centre…[Read more]

Sorry Engelo. The original owners got suckered into a deal that just didn’t pan out. If the global balls up coming down the pike was different and you had a rising property market things may have been different (still more suckers in the pipeline).

It’s irrelevant what Nathan has paid for it. Cairns is highly dependent on tourism and that’s…[Read more]

Personally I think you have to be a mug to buy into these types of properties. The area was saturated with these units back in 07/08. They sold for around the $115k mark with a guaranteed return up to a certain date. They were dressed up to suck in investors. The scheme or rather scam is property developers build resort type complexes and sell the…[Read more]

Quote:

From the Mish

More on the Coming Wave of Foreclosures
Posted: 17 Sep 2011 02:30 PM PDT
In response to Mortgage Default Notices Surge 33% Nationwide, 55% in California, 200% by Bank of America; Corresponding Jump in Foreclosures Will Follow Patrick Pulatie at LFI Analytics writes ….
Hello Mish,

This is what was expected, and the…[Read more]

engelo10 wrote:
Hi Jack, No bullshit, but I seriously admire your view on topics and attention to detail. Its very blunt and brutal but for some reason I like it. Keep em coming as its always an interesting read.Regards,Engelo

And I thought I was being concise and to the point.

I don’t join forums to make friends so I can therefore be more…[Read more]

johann22 wrote:
PS – i think your right about robert K – read over some chapters over the weekend and alot of things didnt make sense lol

Not sure if you’ve seen John Reed’s site. He critiques the so called guru’s. RK’s there with an extensive analysis that’ll explain why you’re struggling with some of his waffle.

further…[Read more]

johann22 wrote:
You based in Melbourne?l

Port Hedland

engelo10 wrote:
Hi jellison72,Invest a portion of your money in books, magazines, seminars etc… on property and keep reading this forum. I was once told make your passion an obsession and you will never need to work again.Engelo

I find obsessive’s tend to loose their subjectivity and impartiality. Obsessive’s continue to work at something r…[Read more]

Terryw wrote:
Depends on your risk tolerance.

What about shares/? they are still low and returning good yields. banks shares are returning aroun 7% before franking credits. lots of up potential

Sorry Terry but I have to disagree.

Bank stocks are trending down.

ANZ Bank [ASX: ANZ] is down 2.56%…

Bendigo & Adelaide Bank [ASX: BEN] is down…[Read more]

crusty wrote:
Jack that is the whole point of investing in property you borrow money  the real value of your loan  goes down more the higher inflation goes.  So  the amount you have to pay for the house goes down an average of 5.47% each year,  if your net CG is  3.23%,  you have an increase of  8.5% in your assets real networth plus  perhaps 6…[Read more]

camjanice wrote:
 Jackflash – what is your property investing strategy if it is not to own multiple properteis?  

I’m also in the Pilbara. I’m afraid I don’t share your enthusiasm over the long term outlook for mining. Mining itself will continue however the high demand for workers is about expansion and construction not mining itself which em…[Read more]

The figures below taken with the inflation figures show how much heavy lifting inflation does in pushing CG over time.

1960 – 1972 = 12 years
1972 – 1975 = 3 years
1975 – 1983 = 8 years
1983 – 1988 = 5 years
1988 – 2001 = 13 years

The average inflation rate for the period 1960 – 2006 was 5.47%. A net CG average of only 3.23%. When you include…[Read more]

The average annual compounding CG return for property in AU 1960 – 2006 was 8.7%.

See data here: http://www.retireonproperty.com/propertyinvesting/research/australian-property-prices-since-1960.html

You’ll notice that from 72 -75 (3yrs) house prices doubled – now look at the inflation rate for those years. Peaked at 15.23%

This simple compound…[Read more]

Quote:
I think these “made me think about finances” comments are inarticulate at best and dishonest at worst. What is really going on is a lot of people are schlepping along doing a half-ass job of managing the financial aspects of their lives. Rich Dad Poor Dad slaps them up side the head and tells them to clean up their acts. That’s good,…[Read more]

JackFlash wrote:

The US again is near out of money with less than $45B supposedly left in the public purse. More debt ceiling madness coming and more debt.

Wonder of all wonders. The Senate approved another $500B without so much as a wimper. That’ll last about 4-5mths apparently. $100B is earmarked for the Afghan war.

Some news from The 5…[Read more]

Shadow Government Statistics offers a more accurate picture of employment and inflation than do officially rigged stats

http://www.shadowstats.com/

Obama’s new Jobs Act solution is nothing more than a pre election stunt. Expect to see much more of this rubbish leading up the long and painful US Presidential Elections. There is zero chance this…[Read more]

johann22 wrote:

Its how people manage a sisuation not how they got there money.

Trump never managed things very well as is evident from his many run ins with the bankruptcy courts. He was invariably saved by advisers and his large stake in each game. He lost much of his share in projects as forfeiture to stave off bankruptcy.

Packer also is…[Read more]

It sounds more like an acquisition AND development plan.

You need to know the companies market focus and business plan for the next however many years they’re planning out to. If you decide to head in a direction contrary to Co’s current direction then you would have to make a corporate business case for a change of direction.

When pitching to…[Read more]

I would start here. From the US but universally relevant.

http://www.johntreed.com/BSchecklist.html

Develop these skills and you’re halfway there At least you’ll know who to listen to and who to avoid. A few here I could name but I’ll leave you to figure them out. Good practice.

Jack