[MalcolmMember@malcolmJoin Date: 2003Post Count: 6]

October 22, 2003 - 7:08 am

SWEET! I havent read you book yet because I only found your site last night, but I’m download the chapter anyway!….

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[MalcolmMember@malcolmJoin Date: 2003Post Count: 6]

October 22, 2003 - 7:03 am

I KNOW THE ANSWER!

Because that is reality!
and that is the crap you deal with.

[MalcolmMember@malcolmJoin Date: 2003Post Count: 6]

October 22, 2003 - 6:57 am

I got to say, Even though Im only 25, that is common sense. (talking to the locals).

Of the top of my head, i can think of one good one. Talk to friends that have been living in the area for a while.

= common sense

Key issues I find are the following.

a)Money Management
b)Good area with Obvious Market growth.
c)KNOW! the tax system.

lol, I say all of this… but do I have the knowledge yet.. awnser is no. I do not yet.

Just thoughts…

[MalcolmMember@malcolmJoin Date: 2003Post Count: 6]

October 22, 2003 - 6:53 am

Hi mate, sorry to hear about that.

I’ll tell you what though. I’m 25, and making my 1st investment is one of the hardest things I have done. Havent made one yet, but I try to read as much as poss.

I think I’m of to one of thoses seminars..

[MalcolmMember@malcolmJoin Date: 2003Post Count: 6]

October 22, 2003 - 6:20 am

Thankyou for you explaination. I now understand.
I was talking to my good friend about the investment market… and he’s a bit fag of negitive gearing. Because I own nothing at the moment. All of this learning has been a HUGE eye opener.

I have come to one solid conclusion though.

The first investment you make, is the most important.

I was thinking about what you said about the country, and I thought the Capital you be next to nothing, but because it’s positive geared. You can use that a equity to buy more…

lol, I feel like such a rookie.

[MalcolmMember@malcolmJoin Date: 2003Post Count: 6]

October 21, 2003 - 11:11 pm

Hi guys, I appreciate your advice and thank you.

To xyzzy, they are good tips. Realistic and sensible.

To Peter,

Thank you for you guidance. What you wrote sounds like a good investment move. I never thought about buying some property in a country area. I just thought, because of the growing population of Australia and high Immigration rate these days; a city apartment would be the way to go.

I would like to find out more about positive gearing, from what I’ve read, it appears to be better than a negative gearing (capital gain), and, more of a low risk.

Peter, when you say “high debt ratio”, what do you exactly mean? I would like to understand the meaning of your terminology.