My two cents worth

[Gordon Gekko]

Hi All,

I just want to state the obvious :)

Buying at the right time and price is important but just as important, if not more so is, is how you build the "framework" around your IP's. What i mean by that is, how you finance them, what structure (i.e Trusts.....etc) you use, taxes and last but not least, how you manage your "IP business"

People can earn big $$$ but not save a cent!!

People can earn a average wage and build a IP Empire. Its not how much you earn, its what you do with it once you have the money.

The same goes for buying IP's.

Thats my two cents worth.

Regards,

GG

[WillG]

Hi Gordon,

Can you give real examples to complement right and wrong ways to build portfolios ?

Cheers

[Jacque]

I agree GG. In the end, it comes down to how you manage and "work" your money.

[Gordon Gekko]

Hi Gordon,

Can you give real examples to complement right and wrong ways to build portfolios ?

Cheers

WillG,

Well, no, i can't give you examples to build portfolios because i haven't built one yet. But i am sure it will be the same way i build my "personal" wealth, making the money i earn, "work" for me.

hope that makes sense :cool:

GG

[LearningMan]

Gordon, great words of wisdom ... making the money i earn, "work" for me

Can you share some learnings ?

[Jacque]

By making my money "work" for me, I like to think that its multiplying (working) whilst I'm sitting pretty :)
Compound interest is truly a beautiful thing, and when its applied to the leverage of appreciating property, its even more beautiful :)

Employing your earned dollar to make more money is what I would term making your money "work" for you.
For example, I make a $130K equity gain on a property I buy. I then draw down on that money to buy shares, put a deposit on a property, start a business etc. That investment then pays me threefold in five yrs, due to success, luck of a well timed boom or whatever. I then take equity out of that profit to repeat the process. Money is being used over and over, with the object of making a profit.
I like to think that I used to work for money. Now I like to contrast that with what I do now- employ my money to work for me. Much more fun really :)

[LearningMan]

Jacque, thanks for sharing some ideas ... sounds like you have a high risk profile.

Compounding is indeed an interesting and beautiful thing ! I am just myself discovering the power of it. :D