Been meaning to do this for some time but a catch-up with some peers/competitors last week reminded me.
Do.Not.Go.Near.J.L.F.Corporation.
Do.Not.Go.Near.J.L.F.Corporation.
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Care to enlighten us in any way on that??
I've never used an investment assistance company, and currently own 8 properties (and have a six figure shares portfolio also).
Personally I'd rather go it alone than be told what to do. There are plenty of books and lots of online material to get you started.
I don't have an opinion about the company referred to here, having never used them. I read the book some years ago, though, but it's not a strategy that suits me.
I see JLF/custodian are offering a guaranteed, 4 year, $100,000 profit from John. If you buy before decemember. He has a guarantee to buy your property back for $100,000 profit after 4 years. Dont no full details as wasnt to interested in the email i received.
But do you know what the greatest moment of the seminar was for me? A question, "What do you do everyday to make yourself successful?".....
I am a Custodian since year 2000 and I attend all yearly summits. I was there, were you? It was a great insprational night learning about China's impact, economy, demographics, tax strategies, valuations, motivation, etc...
Yes, the offer came about but I think it's slightly different to what you suggest (I never heard a $ profit). Instead a guarantee to buy at fixed 5.99%for next 3 years, and if you wish you can then sell back with 10% plus original purchase value.
Unless you are talking about Custodian Land (that's where you basically lend finance for his development projects and get a return - only past estates and % were reported).
But do you know what the greatest moment of the seminar was for me? A question, "What do you do everyday to make yourself successful?".....
I'm interested, do you have the answer that was given to the question or was the question the whole point.
I've only seen John speak once, just recently, and thought the information night / briefing was excellent.
Hi everyone,
I have read his 7 steps to wealth book and found it very easy reading and informative. I like his ideas. He wouldn't like me though, I have two units.
I am actually thinking of going to one of his seminars in Sydney next month but I am a bit hesitant as he is not speaking on the night I would be available. A chap by the name of Michael Quinn is the speaker.
For those of you who have been to these seminars, is it a major drawback if the main guy is not talking???
To attend the seminar they are giving me a free copy of the accelerated book after I told them I already have the first book which I thought was a nice gesture.
Joining his group is another thing, I would prefer to go it alone doing my own research etc. Take bits and pieces from other investors and build them into yourself.
The question was the whole point, you provide your own answer. John has this unique way of motivating people like me to continue....
I do not attend the information nights but rather the yearly summits, where a lot of other information is presented. That's one of the great benefits when you become a Custodian, you get presented with wealth of information. Information nights are just that, outlining his model and strategy, but since I attended one long ago (10 years or so) and read his books, then I am not sure if they are the same....His book explains the strategy too.
I will give you one more statistic. Apparantly approx. 240 millionaires (in equity growth) were created by CWB since year 2000 (representing only 10% of clients back then). What happened to the rest 90%? Well, they did not continue to follow the model to repeat and reinvest. I am sure some had legitimate reasons (divorces, businesses ventures, own startegies, perhaps investing in shares, starting a family, own developments, and so on and on and on...).
In my opinion it's like that in the world today, most leaders want to lead and not follow because they know better, so I hope at least they continue to invest with their own proven strategy.
The issue with units there is that John's strategy, as pointed out by his book, likes the land component to be more that 10% (at least 30%) as he believes land appreciates and buildings depreciate.
So if you are looking to buy property in the next 12 months, this is an offer to good to pass up. Many Custodian's took advantage of the offer in September. REMEMBER, it's a guaranteed buy back from John of $100,000 above your purchase price. This offer, combined with the State Government $10,000 Rebate makes buying property NOW a "no brainer"
Only some books and there was no online material 11 years ago in yr2000 when we started. So I was just pointing out that in our case that was the start for us. It was actually upon reading a book '7 Steps to Wealth' and 'Rich Dad Poor Dad' that we decided to start educating overselves on investing and have read 100+ books. So, for the past few years we had done some alone investments too....
(9 properties through CWB 4 individually, X figure cash portfolio after selling shares in June 2011 - will re-enter once market is undervalued, some shares still, X figure physical gold/silver porfolio, run owr own SMFS, tried few businesses too...I think you get the picture).
I think that's great that others can just do it from the abundant available material now, we do that too, but for other 'plain folks out there' they may need the company to start somewhere like we needed to, don't you think?