he he very funny
Hi Rob Williams heres a piece from another post for you
Bill Zheng's latest seminar
- Thread starter plusnq
- Start date
he he very funny
Hi Rob Williams heres a piece from another post for you
lol . . ..
Not too sure that George appreciated the fact that his exposure to the audience was cut from half an hour to about 10 minutes. And I think Bill could have done fine without him. Michael are you seriously saying that Bill would have sought George out to speak at his event?
Yes - it was pre-arranged with the questions were prepared - Bill is a professional
Not to start flame or something bad here.
is bill zheng somehow connected to Michael Yardney ? how about chan ? are they all the same group ?
why is it on the Michael Yardney newsletter, he always says bill zheng seminar, and cost x amount to go there ? and chan seminar.
Is this something contradicting here.
Should we be listening to someone who does not gain financial interest from the event.
moderator, please delete post this if this will cause problem.
Just curios on what is the relations. That is all.
thx
is bill zheng somehow connected to Michael Yardney ? how about chan ? are they all the same group ?
why is it on the Michael Yardney newsletter, he always says bill zheng seminar, and cost x amount to go there ? and chan seminar.
Is this something contradicting here.
Should we be listening to someone who does not gain financial interest from the event.
moderator, please delete post this if this will cause problem.
Just curios on what is the relations. That is all.
thx
nowadays, everyone can create a business.. but the business on its own is probably not good enough. so they need some kick back or partners.
although they seems to be different entity, but they have same goal ?
their goal now is telling us that:
1. Buy big block of land, and do subdivision.
2. Do not hold anymore standard stock housing in outer suburb.
3. Anything else someone can add ?
Is this how we interpret this seminar here.
Cheers
although they seems to be different entity, but they have same goal ?
their goal now is telling us that:
1. Buy big block of land, and do subdivision.
2. Do not hold anymore standard stock housing in outer suburb.
3. Anything else someone can add ?
Is this how we interpret this seminar here.
Cheers
I went to the Melbourne event yesterday.
My biggest take home message was to keep LVR's at a sensible level. Bill considers that no matter what the deal, for investing (as distinct from trading, flipping, developing, etc if that's your cup of tea) before one adds to the kitty (and borrows more) they should have a portfolio LVR of less than 75 % and preferably less than 70 %.
I have been getting this feeling of non-agressive LVR's (leaving a buffer for softening and slight correction in values) for the last couple of months and have posted same thru numerous threads on this site.
I'm well below his LVR figures, however it is a useful benchmark in the current climate. Personally, I'm sitting on my hands and looking and listening.....and searching for the opportunities that will unfold, but I am not rushing.
Certainly there was much info presented and plusnq (who started this thread) has provided the crux of Bill's delivery.
If anyone else has attended this round of Bill's seminars could they also share "their take home message."
My biggest take home message was to keep LVR's at a sensible level. Bill considers that no matter what the deal, for investing (as distinct from trading, flipping, developing, etc if that's your cup of tea) before one adds to the kitty (and borrows more) they should have a portfolio LVR of less than 75 % and preferably less than 70 %.
I have been getting this feeling of non-agressive LVR's (leaving a buffer for softening and slight correction in values) for the last couple of months and have posted same thru numerous threads on this site.
I'm well below his LVR figures, however it is a useful benchmark in the current climate. Personally, I'm sitting on my hands and looking and listening.....and searching for the opportunities that will unfold, but I am not rushing.
Certainly there was much info presented and plusnq (who started this thread) has provided the crux of Bill's delivery.
If anyone else has attended this round of Bill's seminars could they also share "their take home message."
it wouldn't be easy to go much higher anyway plus with 20% or so written off it would be quite likely to end up at 100% LVR against current val
As one of the "older" ones, I can say that it's not being more conservative as you get older; you learn to be less reckless and invest sensibly.
It's similar to driving cars.
I see P-plate drivers doing several miles an hour over the speed limit - all the time, and worse still; in the fog, on wet roads, in the rain, tailgating etc. And don't get me started on the temporary Aussies - motorbike riders.
They all think they're bullet-proof of course, but I've seen many a wreck and know better.
Meanwhile, I'm driving along at the speed limit or just over it in fine conditions, and under the limit in poor conditions, and well back from the driver in front.
Needless to say, I've survived along time, never get a speeding fine, while the young hoons are the biggest casualty group on the roads and are always wasting money on fines.
Interestingly, I still get to the destination almost at the same time as the hoons.
What's the point of investing with huge risk to make $10 mill, when you can wander along carefully and make $8 mill?
Interesting thoughts there.
I'd agree that the average OO (and Investor) is pretty much maxed out... there is a finite limit to how much people can contirbute their free time and disposable income towards mortgages... we are well and truely at that level for many areas. Many are even beyond that comfort level since about 1% is used as a general margin by some major banks (eg. Westpac from a nice chat I had with them last week). Petrol and other costs have soaked up that safety margin easily... all it takes is a minor problem (sickness, uninsured car accident etc.) for a terrible financial squeeze to become a sickening problem.
Some areas might fair better than others... but don't assume that if Australia has a recession that the wealthy areas will continue to do well in capital growth.
It comes down to what is most likely to happen... continued propserity for the many costal areas... or a pull back of wealth across the nation.
In the rush to get easy credit Australians seem to have hocked ourselves up to our eyeballs... when it unwinds it will most likely see asset price reduction across the board.
Hiya
I think u will find the basic philosophies of these folk is sufficiently different to ever stop them from becoming a "conglomerate".
They each have heir own unique value sets and way to go at different things. I feel they look to work together really well ( Synergy) because they are PRO doing something, rather than procrastinating and they are all VERY smart folk.
ta
rolf
I think u will find the basic philosophies of these folk is sufficiently different to ever stop them from becoming a "conglomerate".
They each have heir own unique value sets and way to go at different things. I feel they look to work together really well ( Synergy) because they are PRO doing something, rather than procrastinating and they are all VERY smart folk.
ta
rolf
did anyone go to m yardney's most recent seminar? apparently there was an x factor in 2008 for investors. curious to know what that was.
Yes, went to MY's seminar in Melb on Saturday. There was mention of an X Factor. But he didn't know what it would be. Just a statement that we should expect there to be one. There's always something that pops up to catch the market by surprise...
hmm...the advertising alluded to intense research into the 'x ' factor. if there was no revelation, just a general statement to be prepared for x (all the time), that's a bit of a letdown.
That's not exactly what I discussed.
In fact I gave 8 or 10 possible X factors to watch out for.
Do you really think I would have let people down so badly
That's not exactly what I discussed.
In fact I gave 8 or 10 possible X factors to watch out for.
Do you really think I would have let people down so badly
Only in so far as the x factor was concerned, not your overall seminar.
If you read the post properly, I was responding to an attendee who said he/she didn't hear you detail the 'x factor'. IF it was 'just be prepared for a left field surprise etc etc', then that would be a letdown. Obviously not the case if you cited facts.
