Total Members: 158,199

Rick sta

  • Rick sta replied to the topic Townsville NOW and in next 1-3years? in the forum Help Needed! 4 years, 1 month ago

    Hi Adrian,

    How are things up there now, 1 year on from the floods?

    Are vacancy rates still tight?

    I notice prices haven’t moved, how is the market sentiment?

    Cheers

  • Rick sta replied to the topic Asset protection through maintaining high LVRs? in the forum Legal & Accounting 10 years, 3 months ago

    Thanks Terry.

    Now this is not something that I do, and I don't condone concealing assets from anyone, but…

    I think a great strategy is to hedge highly leveraged real estate investments with physical precious metals, like a moat of liquidity around your empire, completely outside of the financial system.

  • Rick sta replied to the topic Merry Christmas!! in the forum Forum Frolic 10 years, 3 months ago

    Merry Xmas guys and gals

  • Rick sta replied to the topic What is your Interest Rate by Hari Yellina in the forum Finance 10 years, 3 months ago

    Would you also like me to tell you my full name, residential address and where my valuables are stored?

  • Rick sta replied to the topic Bitcoins and Litecoins – Real estate in the forum Help Needed! 10 years, 3 months ago

    Freckle wrote:

    Rick sta wrote:
    The bitcoin derivatives market has arrived…

    http://www.zerohedge.com/news/2013-12-08/bitcoin-derivatives-market-has-arrived

    See post #26.. you're a couple days behind Rick ;-)

    haha apologies.

    Story of my life!

  • Rick sta replied to the topic Bitcoins and Litecoins – Real estate in the forum Help Needed! 10 years, 3 months ago

  • Rick sta replied to the topic The True Power of an Offset Account in the forum Finance 10 years, 3 months ago

    And if you look closely you will discover that these inflation figures of 2.5-4% are BS.

  • Rick sta replied to the topic Spooky or What in the forum Opinionated! 10 years, 3 months ago

    Do you really believe the Fed will taper its QE?

    I am under the belief that once Yellen takes the helm, the bond buying will be increased not tapered off.

  • Rick sta replied to the topic ARE YOU GETTING THE PICTURE YET? in the forum Opinionated! 10 years, 4 months ago

    Any thoughts or charts on Purchasing Power Parity? Totally new to me.

  • Rick sta replied to the topic ARE YOU GETTING THE PICTURE YET? in the forum Opinionated! 10 years, 4 months ago

    Freckle if you're not already a part of silverstackers, you should be.

  • Rick sta replied to the topic Investing in Townsville in the forum Help Needed! 10 years, 4 months ago

    I'm not sure exactly what you're asking.
    You say you live in West End, it's a nice area and has a history of solid growth, so just relax.

    As for investing, I think the above advice is very sound.

  • Rick sta replied to the topic starting out with smsf in the forum Help Needed! 10 years, 4 months ago

    I'm a fan of the cashflow pathway too Richard, I think holding leveraged real estate that produces consistent income inside the smsf is a powerful strategy, especially for young pups like myself, I could still extinguish a 30 year mortgage before reaching retirement age. I do however plan to retire long before they grant me access to my super, so…[Read more]

  • Rick sta replied to the topic THE COMING ECONOMIC CRISIS GET READY! in the forum Opinionated! 10 years, 5 months ago

    Thanks Freckle, great post.

    As a young investor, my property portfolio is VERY highly leveraged. My risk management strategy is six feet under. In a best case scenario of hyperinflation, the banksters will erode the property debt and I won't be holding devalued fiat currency.

  • Rick sta replied to the topic THE COMING ECONOMIC CRISIS GET READY! in the forum Opinionated! 10 years, 5 months ago

    This is something I am fully aware of and have been quietly preparing for of late.
    Once or twice I raised my concerns on this forum and the property investing community wouldn’t have a bar of it (I was actually awaiting your thoughts Freckle, I know you know).

    To see this thread active here tells me that we may be closer to this historic event…[Read more]

  • Rick sta replied to the topic first time in the forum Help Needed! 10 years, 6 months ago

    Rod1 wrote:
    To be honest i don't expect it to increase in value a great deal it is for sale at 120.000 and i think i will be lucky to make 40k profit by the time i would sell< maybe 20 years>

    After 20 years I think it would be worth a lot more in dollar terms due to inflation. I understand what you mean, but you must also understand that even…[Read more]

  • Rick sta replied to the topic $200,000 to get started, any ideas?? in the forum Help Needed! 10 years, 6 months ago

    Me?

    50% highly leveraged bread and butter real estate, 50%  precious metals heavily weighted in silver.

  • Rick sta replied to the topic other people ‘s money in the forum Forum Frolic 10 years, 6 months ago

    "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

    -Henry Ford

  • Rick sta replied to the topic other people ‘s money in the forum Forum Frolic 10 years, 6 months ago

    I'm sensing a disgruntled tenant…

    And yes, 10 years down the track you would need to sell it for a lot more just to have the same amount of purchasing power that you had when you bought it, due to inflation of the currency supply (theft).

    I have come to realise that VERY few people in the world truly understand how the global monetary system…[Read more]

  • Rick sta replied to the topic Work this out? in the forum General Property 10 years, 6 months ago

    I was also disgusted when I was at the newsagent last and saw the YIP mag with the front cover titled "Brace for the Boom", when I am in fact 99% certain that we are sailing into a global economic storm of unprecedented proportions.
    It is a matter of when, not if, this debt-based house of cards that we call the global monetary system comes…[Read more]

  • Rick sta replied to the topic Work this out? in the forum General Property 10 years, 6 months ago

    I also stopped buying these magazines.
    All the figures in the feel good stories are manipulated.
    After a while, instead of feeling motivated, I felt deceived. Haha

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