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  1. geoffw

    What are some of the "exaggerated stories" you've heard from investors/magazines??

    There was a lot of growth between 2003 and 2007- obviously the GFC happened. Sash is right- just do it. Yes, in the short term, properties can go down. A property in a bad location or an unsuitable property will probably not perform well. But historically, good properties perform well in the...
  2. geoffw

    What are some of the "exaggerated stories" you've heard from investors/magazines??

    I haven't been keeping much of an eye out- I've been concentrating on my studies- and waiting for some financial stuff to be sorted out first. I'll be starting to look at specifics only when I'm ready to move. In 2003 I became a little scared that things were at a peak. I missed out on a lot...
  3. geoffw

    What are some of the "exaggerated stories" you've heard from investors/magazines??

    Here's one of those exaggerated stories- from Personal Investor magazine, July 2003
  4. geoffw

    What are some of the "exaggerated stories" you've heard from investors/magazines??

    China- most of us are looking at having assets which are appreciating in order to give an income. You are keeping your assets in cash. So the cash buffer you calculate will support you- $4M or so in five year time?- will most certainly not be enough for a retirement which will last.
  5. geoffw

    What are some of the "exaggerated stories" you've heard from investors/magazines??

    Or until the bank increases your borrowing capacity based on their valuation. Take what an REA says with a grain of salt. They may just want to buy your listing.
  6. geoffw

    What are some of the "exaggerated stories" you've heard from investors/magazines??

    Actually, I think this gets back to your employee situation. With employees and with partners, you need to find somebody who you respect and get along well with. Except a partner is not somebody who fills a need in your life- a partner is somebody that you get along well with, somebody that...
  7. geoffw

    What are some of the "exaggerated stories" you've heard from investors/magazines??

    It looks to me as if that's a gain on paper. I'm not sure if that gain included reno expenses on paper. On the face of it there's not much. But that $40k would have been able to be used for further equity drawings. It wouldn't be worth it selling straight off. As you point out transaction...
  8. geoffw

    What are some of the "exaggerated stories" you've heard from investors/magazines??

    Ok. So now the ideal woman for you must not only stay at home to take care of your every need, but must also be independently wealthy. Good luck.
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