[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

June 24, 2011 - 2:00 am

Thanks Anthony! Always love to read your posts!

Have you thought about writing a book?

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

June 19, 2011 - 6:53 am

G'day Paul,

I think you pretty much answered the question yourself.

The main difference between Steve McKnight's nationally recognized accredited course and other courses, is that it involves assessments, with the ultimate goal of producing 'competent investors'. From memory I believe there are 65 modules to cover over a 12-18month period.

Personally I see great value in investing $1500-$1600 into a product that took Steve McKnight 3 years to put together and incorporates over a decade of property investing experience, and have registered for the course already.

Cheers,

Kong

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

June 14, 2011 - 10:37 am

When I become a multi millionaire, I will strive to help all those around me to succeed as well, and will look into ways to create a better future for the world i.e. by investing my time and money in the next generation to come after mine

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

June 1, 2011 - 1:20 pm

Thanks for your post MattNZ,

Your insights are always valued, and something in my guts tells me that when you speak I should listen to you regardless of how gloomy the news is. I have undertaken a brief analysis of Gladstone's economy and property market and things looks quite promising, especially with the commodities boom that will continue throughout this decade.

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

May 31, 2011 - 1:28 am

Hi Marie,

Sounds like a great plan!

What is the secret PI sign and how do I join?

Cheers,

Kong

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

May 29, 2011 - 11:18 pm

Thanks for the advice Marie,

Been quite busy lately with working 6-7 days a week, and just wanted to get my accommodation here in Ballarat sorted first. One of my flatmates recently moved out to head off to Rockhampton to start a business and invest in properties there, so we needed to renegotiate the lease, pay the bond, refurnish the house, and find a new tenant. It's been quite a stressful and busy month, but it's been a good experience, and the good news is I got to take over the master bedroom with the ensuite!

Anybody had much experience investing in Rockhampton?

In terms of finding accommodation the site I normally use is http://www.lastminute.com.au/ and so far it's never let me down

Kind Regards,

Kong

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

May 21, 2011 - 12:36 pm

No worries Matt. Glad you enjoyed the video. I believe everyone should have a basic understanding of our monetary system/ fractional reserve banking and about the importance of investing in gold and silver as a hedge against inflation, even if its only 5-10% of one's portfolio.

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

May 20, 2011 - 9:46 am

Hi Tony,

I've entered Amanda's details in my form, but here are some links to some of the threads other members have posted with regards to conference tickets for sale:

• https://www.propertyinvesting.com/forums/property-investing/general-property/4336725?highlight=mega%2Cconference
• https://www.propertyinvesting.com/forums/community/heads-up/4336583?highlight=mega%2Cconference
• https://www.propertyinvesting.com/forums/property-investing/help-needed/4336560?highlight=mega%2Cconference
• https://www.propertyinvesting.com/forums/property-investing/help-needed/4336559?highlight=mega%2Cconference

Cheers,

Kong

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

May 19, 2011 - 1:44 am

I have a spare ticket available, and am happy to give them to you free of charge

I just need your details to fill out in the form: First name, Surname, Email, address and phone number 

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

May 17, 2011 - 11:44 pm

In my view you can stay calm by being prepared for the worst.

Robert Kiyosaki summarizes it very well in one of his recent Rich dad seminars with the 5 G's:

• Grub (Food)
• Gold
• Ground (Real estate)
• Gasoline
• Guns

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

May 1, 2011 - 11:19 pm

haha… I thought the same too Angel

And Jelovea2003…

I understand you worked quite hard and took quite some time to save up that money, but you shouldn't let one seminar ruin everything for you. Not all seminars and courses are the same. If you close yourself up now, you could miss out on many great opportunities in the future.

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

April 30, 2011 - 9:04 am

To be honest with you guys, I don't really pay much attention to exchange rates, as they only fiat currencies against other fiat currencies, which are not backed by anything. For instance, both countries may devalue their currencies by 50% and as a result the exchange rate will remain the same, but everyone will lose their purchasing power. When I do my valuations of any assets whether it be in properties or shares, I value them in terms of gold ounces, as this removes the illusion produced by fiat currencies.

What is interesting about this is the 'head and shoulders' and 'dead cat bounce' patterns produced by the chart of the dow valued in terms of gold ounces. With the recent tsunami in Japan affecting the supplies needed by many other manufacturers around the world especially in the US, it will be interesting to see how this affects the reported quarterly earnings of various companies and how the market will react in the middle of this year.

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

April 25, 2011 - 2:48 pm

No worries Robbie, and thanks for the confirmation Jamie

7% still sounds quite good, and I'd love to lock in these interest rate for 25years or more. However from a brief search online most only fix rates for 5 years, and the maximum I could find was 15years.

Anyways, this might be a bit off topic, but I read somewhere that hedge funds are able to borrow from one country such as Japan at very low interest rates, to invest into investment vehicle around the world, which provide much higher yields than the cost of borrowing.

Does anyone know anything about this? Is this something the average investor is able to do as well?

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

April 25, 2011 - 2:32 pm

Wow… you are amazing Anthony!

Adding so much value to these forums, and so generous with your time and knowledge 

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

April 25, 2011 - 9:01 am

I've pre-purchased my ticket to the conference but still need to organize annual leave, and book for flights and accommodation. Hopefully everything will go according to plan and I should be able to attend this mega event 

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

April 25, 2011 - 8:41 am

Hi RobbieP,

Would you be able to refer me to the lender that is lending at 5% interest rate for 25 years?

I will probably start looking for a PPR next year

Cheers!

Kong

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

April 24, 2011 - 9:33 am

Rollover 1981… world economic collapse

I think the US has a reached a stage where they cannot do anything except print more and more money, and eventually its status as world reserve currency will need to be replaced by a more stable currency, possibly with some sort of gold backing to it. Printing money will give the illusion of prosperity, and things will appear to be going up in nominal terms, but the reality the dollar is losing purchasing power.

Back in the 1980s Paul Vaulker was able to contain inflation and defend the dollar, by raising the Federal fund rate from 11.2% to 20% in June 1981. Times have changed drastically since then. The US is no longer the largest creditor nation, but is now the largest debtor nation in the world. Unemployment levels are at record levels, and these figures are distorted because they do not include people that have given up looking for work. Furthermore, the Federal Reserve is headed by Ben Bernanke, also know as 'Helicopter Ben' who will do whatever it takes to fight deflation, even at the cost of the US$.

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

April 24, 2011 - 9:11 am

Hi Michael, do you mind me asking why you decided to sell your Silver back in December 2010? I think you could have made a lot more money if you continued to hold on. Silver has increased by about +50% in the last 2 months, and is highly likely to continue to increase for a few more years.

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

April 23, 2011 - 12:49 pm

I guess I'm part of Generation Y, and I did have trouble with budgeting my money on my first year out in the workforce. Each time I got a paycheck, I got excited and thought about how I could spend it. And by the end of the year I wondered where all my money went.  

Fortunately, I never used debt for any of my purchases and I have become a lot wiser since then, after educating myself financially by reading books such as 'Rich Dad, Poor Dad' by Robert Kiyosaki.

One thing I found that worked extremely well for me was the concept of 'paying myself first'. As soon as I received my paycheck, I would pay myself 30%, and then use the remainder of the funds to pay for rent, bills, living expense, leisure etc… It wasn't long before I managed to save $10,000 and had to think about what to do with the funds. It was tempting to use the money to buy a sports car, but I decided to delay my gratification and buy some shares in mining companies instead. What was exhilarating was the fact that the shares had appreciated to $15,000 the next month! At that time I thought 'Wow, this definitely beats leaving the money in the bank, where I would earn only $500 in interest per year'.

[kong71286Participant@kong71286Join Date: 2009Post Count: 261]

April 23, 2011 - 8:27 am

That's some impressive results

How did you manage to pick up the property for $240,000?