Recent content by the_one

Hi All, Recently I was introduced to Property Development strategy by a friend of mine. It seems quite challenging and I am in position to take up on such tasks. I am wondering how many people here are on the forum are doing such things and how did they get to learn about it? I've...

Hello, I am looking for an accountant who can help with Forex (Foreign Exchange) taxation. I am also looking into setting up a company to trade under and may look into setting up a managed fund of my own in the future. I would really appreciate if someone can recommend suitable...

Perhaps you are right. It is too late in the night for me to think. :) Not sure how can i change the 100:1 leverage given to me by my forex broker...something beyond my control. Perhaps he is using the term leverage in a different sense. I'll try and figure it out tomorrow.

I can perhaps borrow and add to my equity and double my profits. However I'll run into risk of loosing borrowed money. I rather trade with my own money, so even if I loose everything I don't owe anyone anything.

I did read up on Money Management and I don't risk more than 3% on one trade and total of 9% at one time. I know it is bit of a push but to achieve great success you need to take great risk. otherwise put your money is savings account and be happy with 6% return :) Thanks for your advise...

I wish it works like that. I take out my profits at the end of the month and trade only with what I left. Not trying to double my profits every time...just enough to keep me out of day job. :)

My account grew from 74k to 97.5K. I'll leave the % calculation to you. :)

Sorry to hear all the sad stories. However I am up by 23.5K since last month. Thats not from the share market though. I do forex and it is great since it doesn't matter what direction the currency is trading. I follow OzFx and it has been great run so far. Regards The_One

Hello, I am looking into property development for a 2 townhouse on a vacant land. I've no prior development experience and wondering how much will it cost to hire a Development/Project manager? Any advise is appreciated. Cheers

Hi..I can do that but I need to know if it even worth doing it. I need to know how much it would cost usually to fix few cracks? Is it in tens of thousands of dollars or just few hundred?

Hi Belu...thanks for pointing out...yes it was plaster..the one that usually see

Hello, Today I came across a property in Campsie which is excellent floor and price wise however I noticed cracks behind Buit-Ins in two rooms. These cracks are little wider than the ones you would usually see. What I would to know is how serious issue it is? Should I be really...

Hi Tubs, Thanks for your reply. I understand your point however if I choose to live there then it should not be a problem right? And about renting...Do I've to rely on them to find me tenant, can I use someone else? Would they also be deciding the amount of rent as well...

Hi Friends, I am new to property investing and confused with the concept of Serviced Apartments. I was looking at one of the property and it says managed by Quest and there is no Strata or council fees. How does this work? What is the catch? Any help is highly appreciated...