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2019 Money Magnet Symposium - Discover how to make, and keep, more money and achieve a financially empowered future
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  • Profile photo of MattMatt
    Participant
    @proculeius
    Join Date: 2017
    Post Count: 12

    Hey Everyone,

    So I’ve been fortunate enough (not planned) to have purchased a property in a high growth area of Melbourne and also purchased below the median price at the time. Needless to say I’ve grown a significant amount of equity and am in the process of potentially releasing most of it for investment purposes.

    My question is to you all is, why would you choose to reinvest in property? Why not shares, crypto-currency or simply sell and have a good capital figure in the bank?

    I have to ask as a friend of mine opened the discussion about forming a passive income using the capital from the sale of his property. Until I mentioned the fact of taxation of interest in Australia. Steve is of the view that wealth isn’t return until it’s cash in the bank, and all debt should have the goal is being paid down to 0.

    Interested to hear your opinions on this, why are you in property investing? Is everyone’s goal the same? Wealth creation using different investing techniques?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    How much money did you chip in when you purchased the property? Imagine you used this money to buy shares instead. How much better or worse off would you have been.

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of MattMatt
    Participant
    @proculeius
    Join Date: 2017
    Post Count: 12

    How much money did you chip in when you purchased the property? Imagine you used this money to buy shares instead. How much better or worse off would you have been.

    Hi Terry, that’s a good way to look at it I suppose. I chipped in 50 as I knew it was the best place for my money at the time. I didn’t know and still am not educated enough on shares to inject capital as an investment, so I guess it’s all relative.

    Education is key.

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 282

    Why not
    shares- you do not control anything unless your a whale, your along for the ride (unless you know or think you know what your doing)
    crypto-currency-So I have studied this in depth, we only need 1 or two, so all the rest are going to crash, Instead of buying them, buy miners and mine and make money off that. far more profitable.
    capital figure in the bank-if you want to make 3-5% return sure.

    Look all of those have up and downsides, I think there are far greater returns and more importantly control in property, unless your worth 10m+ then some of those options make more sense. or if you can diversify correctly.

    Simple answer

    if your a good cook- be a chef
    if your a good builder – build

    if your a good farmer – dont try win it all on the share market

    be good as your craft, understand it and know how to use it to your advantage.

    Profile photo of MattMatt
    Participant
    @proculeius
    Join Date: 2017
    Post Count: 12

    we only need 1 or two, so all the rest are going to crash, Instead of buying them, buy miners and mine and make money off that. far more profitable.

    Thanks for doing some leg work on this one, I’m not sold on it yet but I agree that having 100+ alt coins won’t be viable going forward. A few acquaintances of mine are running miners and paying the associated electricity costs.. Until it goes mainstream I’m tentative to invest.

    Thanks for your thoughts on this, it really comes back to lifestyle I think. Live now or live later. (Holidays, travelling, all that good stuff).

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