[RichoMember@richoJoin Date: 2003Post Count: 24]

December 11, 2003 - 6:41 am

quote:

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if you dont have an IP then the cost of these courses/books are part of your cost base ie not tax deductable, however if you have an IP you can claim a deduction for the courses etc.

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How does this work for shares? I’m pretty sure you can claim against courses and books, etc, that relate to shares so if the above is true for property then if you own a share(s) can you claim deductions for courses, books, etc???

[RichoMember@richoJoin Date: 2003Post Count: 24]

December 11, 2003 - 6:34 am

comdom,

quote:

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Would you not be better putting cash in a managed fund earning 8, 9 or 10% ?

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I’d like to see you find a managed fund that has actually achieved 10% returns over the last year or two! I had some money in a managed fund and it went backwards, fast… so I took it out and have since done a much better job myself.

[RichoMember@richoJoin Date: 2003Post Count: 24]

December 10, 2003 - 7:15 am

It’s quiet because you can’t say the ‘S’ word anymore, as a result it’s become incredibly boring on this forum now…

Yes, yes, I know if you don’t like it p^&* off.

Whilst I haven’t left I have stopped coming here 5 times a day!

[RichoMember@richoJoin Date: 2003Post Count: 24]

November 29, 2003 - 1:36 am

Procrastinator,

Ask yourself would your bank manager say “Yes I think rates are going to rise so don’t borrow any money off us.”

For what it’s worth I think there will be another small rise next week.

[RichoMember@richoJoin Date: 2003Post Count: 24]

November 28, 2003 - 12:11 am

Go to http://www.rba.gov.au for confirmation, but luckyone is correct there is a board meeting on the 2nd of December. I would assume that an announcement, if any, would come later that day or early the following day. When was the announcement last time, on the day of the meeting or the following one?

[RichoMember@richoJoin Date: 2003Post Count: 24]

November 26, 2003 - 6:36 am

Sharon,

I’m fairly new myself, but welcome aboard, this is a great place to learn about all sorts of investments and people on here are extremley helpful and knowledgeable so no need to be nervous. I don’t have any property myself so can’t comment on how I started because I haven’t yet! The best suggestion from me is to read as many posts as you can. For instance there was a great thread recently on books that people have read and rated.

However, I was more intereted to note that you said owning your own business is a bigger jail than being an employee. I thought owning your own business was a great way towards financial freedom??? As someone who is keen to start their own business I’d be interested to know why you feel this way…

Cheers,

Chris.

[RichoMember@richoJoin Date: 2003Post Count: 24]

November 25, 2003 - 4:25 am

Steve,

I dropped you an email last week (I think) saying I’d be interested, I’m not sure if you got it??? Unfortunatley though I play cricket on Saturday’s so won’t be able to join in this time but would be keen on future meetings.

Cheers,

Chris.
[email protected]

[RichoMember@richoJoin Date: 2003Post Count: 24]

November 21, 2003 - 6:31 am

riffraff,

Being somebody with no properties at present I’d be up for something like that. I’ll drop you an email as well.

Cheers,

Richo.

[RichoMember@richoJoin Date: 2003Post Count: 24]

November 21, 2003 - 2:04 am

Crashy,

To be fair I don’t think Wayne is advocating anyone to just go out and start trading after reading his articles. The fact is a lot of people don’t know where to start and I believe Wayne’s articles provide a very good ‘reference point’ for further investigation. Maybe it has been said “a hundred times before” to you, but for others it maybe new and very valuable info. Valuable info that Wayne provides free of charge.

I too have read about most of the things Wayne has to say, however it’s nice to compare notes. Besides, it’s not like he’s trying to sign anyone up to one of his courses…. yet!

[RichoMember@richoJoin Date: 2003Post Count: 24]

November 21, 2003 - 1:29 am

Because my time is more important to me than $x/hour!

[RichoMember@richoJoin Date: 2003Post Count: 24]

November 21, 2003 - 12:32 am

Wayne,

Good article and well written. For me personally this is the hardest thing to master when trading. It’s easy enough in theory but when it comes to the heat of the battle and emotions are running high, that’s when you need a plan like the ones you have outlined. Having said that though a plan is useless if you don’t have the discipline to stick to it!!!

Something I know too well!

Richo.

[RichoMember@richoJoin Date: 2003Post Count: 24]

November 14, 2003 - 7:49 am

Name stealing! [] Geez, how much can a polar bear!?

Sorry having one of those friday moments. []

[RichoMember@richoJoin Date: 2003Post Count: 24]

November 11, 2003 - 3:09 am

A bit of a long story, but basically he barred himself from the site. As to why he did, well I guess you should ask him. From my understanding though he made some posts that didn’t abide by the rules of this forum and was consequently dealt with. I guess he wasn’t happy with the treatment and so decided to make no more posts.

I’m sure he still activley reads this forum though, it’s a hard habit to kick when you’re on here every day as I’m sure others can vouch for. []

[RichoMember@richoJoin Date: 2003Post Count: 24]

November 10, 2003 - 2:54 am

Interesting to note also that the same website is running articles like “Spring property sales cool”. Seems the 0.25% rise is starting to have it’s desired effect.

I wonder when we’ll start seeing reality TV shows like “Bankrupt Blitz”. Where Jamie Durie turns his hand to financial planning and performs a finacial makeover on a couple that is up to it’s eyeballs in debt. Don’t know how he’ll work a water feature into that show but I’m sure he’ll try. A show like that would be a fair indication the property market has gone belly up! []

[RichoMember@richoJoin Date: 2003Post Count: 24]

November 7, 2003 - 5:27 am

I own a 1983 VH commodore when I could’ve splashed out and bought whatever I wanted (with help from the bank). Only thing I will say about old cars and commodores in particular is that as well as being chick magnets [] (Wayne) they are also theif magnets! I had two car stereos knocked off in the space of 1 month! [] Having said that I did park it in Frankston (Note to would be property investors!).

Needless to say I have left the gaping big hole in the dash as it is an expensive hobby replacing $700 MP3 players! Only problem now is when I hear a strange noise I can’t drown it out with some blarring punk rock! You do grow to love your old car though and if you do eventually get something better you WILL appreciate it…

Cheers,

Chris.

[RichoMember@richoJoin Date: 2003Post Count: 24]

November 6, 2003 - 5:43 am

Hmmm seems like we have a few budding entrepeneurs amongst us! Thanks for the responses and I had actaully already stumbled across the Entrepeneurs Business Centre website. Seems like some smart entrepeneur has made a business out of getting other entrepeneurs started! melbear have you bought anything from the EBC website? If so was it worth it? Seemed a little pricey to pay $280 for a guide to writing a business plan… but then again I don’t mind paying if it’s worth it.

Comsol thanks for the book idea, I’ll have a look at that! I also found another website http://www.sbcs.org.au (Small Business Counselling Service). From the website “The SBCS is an Independent non-profit organisation providing experienced volunteer business counsellors, mentors and coaches to Victorian businesses”. Anyone had experiences with them?

Ideally I would like a mentor, someone to bounce ideas off which is why the SBCS option appeals to me. Even before I go there though I still need to draft a business plan, so I guess I’ll pick up a book.

Cheers,

Chris.

[RichoMember@richoJoin Date: 2003Post Count: 24]

November 5, 2003 - 12:45 am

My (very) basic understanding of the economy is that it is a function of how much people are spending. Furthermore stock markets are a function of the economy, i.e. a thriving economy leads to a thriving stock market.

So my theory is that if/when there is an interest rate rise(s) many people won’t be able to meet budget. So you would think if budgets can’t be met spending will be reduced across the board. According to my statement above a reduction in consumer spending slows the economy and ultimatley a decline in the stock market. [] Sounds good to me in theory anyway…

So yeah save cash and/or learn how to ride the market down!

[RichoMember@richoJoin Date: 2003Post Count: 24]

October 10, 2003 - 12:12 am

As a D4F customer I was ropeable when they quietly slipped through the changes. Wayne is right who want’s to have twice as much money (5% to 10%) in your CMC account, they hardly instil me with a lot of confidence.

But yeah the worst part is cutting from the ASX 200 to ASX 100. Seems to me they may have been burnt over the last couple of months, I know a lot of people who made a killing on VCR. I was one who did, rode it from 1.44 to 3.2 and got out. Add 95% leverage to that gain and it’s a nice return for a few weeks work. But for every winner somebody has to lose and I reckon D4F have taken a few big hits on stocks outside of the ASX 100. So what do you do if your not winning the game you own? Change the rules. I continue to trade with DF4 but my opinion of them is very low and I don’t trust them one iota.

Anyway will just have to beat them on the ASX 100.

Happy punting… err trading.

Chris.

[RichoMember@richoJoin Date: 2003Post Count: 24]

August 8, 2003 - 7:09 am

I’m with Perth guy, a big fat 0 at the moment but I’m 26 so figure I still have a bit of time up my sleeve. I have gained loads of knowledge in the share market though and have seen my share portfolio grow as a result.

At the moment I’m assessing where I am at, I know where I want to be so the next move is to plan how to get there! Congrats to all the people who have already been successful and are willing to share experiences because as perthguy says it gives us “zeros” encouragment to get out there and do it.

[RichoMember@richoJoin Date: 2003Post Count: 24]

August 8, 2003 - 12:42 am

Me again,

I guess the interesting point to me was “An eligible home must be occupied by the applicant(s) as their principal place of residence within 12 months of completion of construction or settlement of the home.”

Hmmm ‘within’ 12 months, that is a bit vague, to me that means I can move in after 11 months and 30 days, live there for a day and then move back out and rent it out again. Or live there for a day or so in the beggining do some work on the place and then move out. There is no limit on how long you must reside in the place for to remain eligible, or am I missing something?