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From: Mike .


The Investment Institute - totally independent learning
From: Paul
Date: 02 Feb 2001
Time: 15:48:38

As an initial introduction, I am the Director of a new and unique training college - The Investment Institute. The Institute is a national training college which has been established to provide quality and relevant education and knowledge in areas of investment.

Providing a comprehensive range of courses covering property investment, share investment and business investment, the aim of the Institute is to educate individuals how to create wealth and achieve financial independence through carefully researched and well-planned investment. The Institute assists individuals in their quest for financial security by empowering their resources through knowledge.

The Institute is totally independent and does not sell property, shares or any other product. Institute courses will commence in February 2001 and will be provided nationally.

If you study successful people, they all have one thing in common – learning. A commitment to learning has given them the knowledge and tools to succeed. When you know the rules of making money, whether it be shares, property or business, success is a lot easier. With this knowledge you maximise opportunities and minimise your mistakes. Each Institute course is designed to equip the individual to make money through their chosen course of investment.

In building The Institute, we have gone to great lengths to ensure professionalism, credibility and ethics, and most importantly - independence. In regards to the property education unit, there will initially be six individual training courses provided, each designed for a specific person with specific needs.

One of the motivating factors in establishing The Institute is the recent plethora of so-called seminars and training programs which are really just a front for a property salesperson or company. Additionally, many of these so-called training programs are of appeal to the general public by promoting "get-rich-quick-through property "schemes which are often downright dangerous and ill-founded for the average person. How can you trust the advice or training from anyone who only then wants to sell you something?

We all went to school, but who ever taught us how to make money through investment? Where does someone go for true, independent advice and learning? Other than through excellent forums like this Jan Somers discussion forum, it has been almost impossible to gain this learning. It is the aim of The Investment Institute to fill this void and provide this knowledge and education to assist average people achieve true financial independence.

I did not wish to utilise this discussion forum as free advertising for The Institute, but I did feel it important to summarise for you the services provided.

If anyone is interested in finding out more comprehensive details about The Institute and the courses that will be provided, please email me directly on info@theinvestmentinstitute.com.au.

I wish each of you good luck in your ongoing property investment pursuits.

Paul Murphy Director - The Investment Institute
 
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Mike

Reply: 1
From: Mike .


Re: The Investment Institute - totally independent learning
From: Mike
Date: 03 Feb 2001
Time: 00:50:26

Hi Paul,

I'm not bothered about being informed of new things coming along that might benefit us, it's only persistent advertising that annoys.

I'm also not bothered by professionals who show a genuine interest in contributing to the forum and mention their company name alongside their signature.

Since you have solicited us, I hope you won't deny us the right to discuss our experiences with the Investment Institute in a frank and open manner as this is a key reason we are on the forum. If unpleasant things are said about the Institute or its program I hope you won't entertain the idea of suing people.

In your post, you say, "the aim of the Institute is to educate individuals how to create wealth and achieve financial independence through carefully researched and well-planned investment. The Institute assists individuals in their quest for financial security by empowering their resources through knowledge."

A strategy I picked up in the book, "The Millionaire Next Door" (page 106) by Stanley/Danko, when qualifying solicitations such as yours is to say, "So you're really good. Well, I'll tell you what. Send me a copy of your personal income tax returns from the last few years and a list of what you have had in your own portfolio for the past three years. If you made more money than I did from investments, I'll invest with you. When they say, "We can't show that to you," I tell them, "You are likely to be full of baloney." This is my strategy for checking people out. It works. I check them all out this way. I mean it very honestly."

Me again: (Gee, it's easy and fun to be bold on this forum, isn't it?) Well, how about it, Paul? Are you successful enough to be offering professional advice? What are your credentials (not interested in qualifications...there are plenty of people with qualifications that don't create wealth, as the book demonstrates)?

Regards, Mike
 
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The Wife

Reply: 1.1
From: Mike .


Re: The Investment Institute - totally independent learning
From: TW-Mike
Date: 03 Feb 2001
Time: 13:27:08

pppsssttt...personal income returns mean diddly squat,

The millionaire next door is a bit old now, principles are still good, just that the idea is to keep your personal income down as low as possible.

I was with a group of likeminded friends one day, and we were all skiting how low our incomes were, I was the best, until someone popped up and said they are on $15K a year, you should have heard the applause, he won! Sheesh...we heard Mr Packer is on $9K a year, we put that figure up on the board, and its now the one to match or beat, bit hard tho hehehe...I wonder who Mr Packer's accountants are? Anybody?
 
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Paul

Reply: 1.1.1
From: Mike .


Re: The Investment Institute - totally independent learning
From: Paul
Date: 03 Feb 2001
Time: 07:48:45

Mike,

Thanks for the feedback. Your comments warrant a detailed response, so please forgive me for the length of this posting.

Firstly, I would never deny you the opportunity of sharing your experiences with The Institute on this forum. It is forums like this that helps warn people against shonky operators and promoters. I welcome you or any other contributors to share experiences in an open and frank manner. Additionally, this type of feedback is invaluable to us in continuing to improve the quality of the education we provide.

Which now brings me to explain to you how we have structured The Institute. In my initial posting I mentioned that we have three core educational units - property, shares and business. I will only deal with the property unit in this posting, as this is most relevant in this forum.

We initially have six individual property courses. One of these is over 45 hours and is designed to take a novice property investor right through to being better equipped and knowledgeable than most professional investors. Every aspect of property investment is covered in this course, from the basics right through to the exotics.

It is just not possible that one person knows everything about everything, so accordingly, in this course, the trainers include:

Chartered Accountant specialising in property; Corporate solicitor specialising in property law; Property Valuer; Independent finance consultant; Buyers Advocate; Real Estate Agent; Building Inspection Specialist; Quantity Surveyor; Insurance Specialist; Property Investment Expert (who has been there and done that); Financial Planner; Property Manager etc.

Each are specialists in their respective fields and are perfectly equipped to educate in each area. All have been selected following very thorough due diligence from us. We have also dealt with an issue raised by Jacques on this forum on 29th January "IP mentor". We fully agree with Jacques about the need for ongoing coaching and mentoring, and have designed just such a program that graduates from our courses can use. We see this as a vital part in helping people implement their new found knowledge.

Let me give you another example. We know from our research that many people are interested in making profit through property development. Accordingly, we are in the process of designing a course to teach people how to successfully undertake smallish property development projects. The design of this course, and the resultant presentation will be done in conjunction with the Royal Australian Planning Institute. We have even asked Save Our Suburbs to participate in the course so that a balanced view is presented to the students.

It goes even further. We are committed to providing only quality education, and as such, our courses are put through a leading Melbourne University prior to us presenting them to ensure consistency, relevancy, correctness, completeness and structure. In fact, it is the University that designs the mini-exams that each student completes at the end of each module to ensure they have grasped the basis of what has been taught. We are presently having discussions with this University to jointly prepare a course that will be taken into secondary schools (Years 9-12) to teach children how to manage money and investment and to teach them the financial things they need to know when they enter the workforce.

Even more Mike. Under each education unit we have established an Advisory Committee. This AC is there to advise our company on such matters as course development, growth etc. Our property AC will consist of representatives from almost every major and relevant organisational body in Australia, including as an example the Real Estate Institutes, Australian Property Institute, HIA, FPA etc.

We went through a thorough briefing with these people and their organisations and without exception, they are very supportive of our aims and aspirations.

The Institute is not a Henry Kaye or a Peter Spann. It is not a one man show. We do not advocate one particular strategy for making money through property. As all contributors to this forum know, there are many, many ways to make money through property, and what is right for one individual is not right for another. Take all the postings on wrapping for example. Some of you love it, some hate it and probably most don't understand it. Our aim is to equip you with the knowledge in every area, and then let you make the decision as to what you do with that knowledge.

If you go to a Peter Spann seminar, he really only advocates one way of investing in property. There is nothing wrong at all with his strategy, but it simply is not for everyone. We feel it is far more appropriate to teach you that way, plus all the other ways so that you have the power and knowledge to decide for yourself what is best for you.

With this background information, it would be meaningless for me to send you my personal tax return, as it simply isn't relevant. I am not the worlds greatest expert in property investment, and I am not even one of the presenters at our courses. I am a qualified financial planner who has been running my own business for over 12 years, and yes, I am successful in what I do.

What I have done in establishing The Institute is to harness a whole range of specialists, all of whom are experts in their respective fields and structured a forum where people can learn in a classroom environment directly from the experts. Personal contact and learning is a very effective way to learn and allows immediate interaction and questioning of the experts. This cannot always be obtained from books, tapes or cassettes.

Now an opportunity for you Mike or anyone else who has had the patience to read this far into my posting. Any of you who believe you are "expert" in a certain field of property investment, and have been successful and would like to consider participating in our courses (in a training role)I would love to hear from you. Drop me an email with your contact details and I will happily talk to you about this opportunity. This is exactly what we are about - imparting the knowledge and skills of experts to those wishing to also learn.

Your last comment in the posting I found most interesting. There are plenty of people with qualifications that don't create wealth and you have to ask yourself why that is. I am sure there are many contributors (or at least readers)to this forum who would have sufficient knowledge to go out there and make an absolute killing if they really wanted to. Unfortunately many don't because they lack the discipline, commitment, confidence or application. You firstly need the knowledge, you then need to apply this knowledge. It is my experience that this is where most people fail. This raises a whole new set of discussions points, but maybe for another time or another posting!

One last thing Mike, the Institute really launches on 17th February in Melbourne, and about six weeks later in Sydney and Brisbane. Stay tuned and you will soon learn about the courses being offered, the content and structure, the presenters and the actual make up of the Advisory Committee's and advisers.

Unlike some other "training" presenters, who charge you to come along to see what they are selling, we will be holding regular Information Presentations where people can come along for free simply to evaluate The Institute and what we provide. Obviously an invitation is extended to you and all others in this forum to come along and judge for yourself if we can help you. Then you can share your thoughts on the forum - and no, I won't sue you!

Keep up the good work Mike keeping guys like me honest! Just don't let up on all the others.

Paul Murphy The Investment Institute Email info@theinvestmentinstitute.com.au
 
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The Wife

Reply: 1.1.1.1
From: Mike .


Re: The Investment Institute - totally independent learning
From: The Wife
Date: 03 Feb 2001
Time: 13:10:55

**Every aspect of property investment is covered in this course, from the basics right through to the exotics. **

What are the exotics?
 
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Paul

Reply: 1.1.1.1.1
From: Mike .


Re: The Investment Institute - totally independent learning
From: Paul to The Wife
Date: 03 Feb 2001
Time: 14:04:25

The Wife,

Unlike maybe many people who frequent this forum, the vast majority of Australians that invest directly in property do so on a simple buy and hold strategy. Even then, most of them don't maximise their financial returns because they make one mistake or another. For most Australians, anything other than this buy and hold strategy could be considered "exotic".

In hindsight, probably a bad choice of words, but forgive me, it was early on a Saturday morning when I wrote it!

What I actually meant was other strategies other than buy and hold. This includes all sorts of things, including wrapping, flipping, property development, options, lease options, renovations, joint ventures,even more basic alternatives such as property syndication, listed and unlisted property trusts etc. It certainly doesn't mean printing a business card with "Professional Property Investor" on it and then trying to negotiate with seasoned and streetwise developers to buy wholesale.

Hope this explanation provides a clearer picture of what I meant. By the way, check your emails because I ordered one of your books this morning. Also, how about taking me up on my offer in my previous posting to participate in our training? From all the postings I have read in this forum, it sounds like lot's of people would like to hear what you've got to say and teach them.

I look forward to your response. Oh, by the way, I fully agree with you about your attitude to personal tax returns.

Paul Murphy The Investment Institute
 
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Dimitrios

Reply: 2
From: Mike .


Re: The Investment Institute - totally independent learning
From: Dimitrios
Date: 04 Feb 2001
Time: 15:35:44

SHOW US THE MONEY- Paul where have you PERSONALLY invested in property? ie houses, units which suburbs? Have you used buy and hold, vendor financing, developments tell us the secrets of your success in property investing, and any failures we can learn from. Or are you just a theorist?
 
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Paul

Reply: 2.1
From: Mike .


Re: The Investment Institute - totally independent learning
From: Paul to Dimitrios
Date: 04 Feb 2001
Time: 17:03:35

Dimitrios,

I just love this forum. I only discovered it a little while ago, and when I did, I was riveted. I went back and read all the old postings, and I soon got to know the regular contributors. I feel like I know The Wife, Gee Cee, Robert etc. personally, although I've never met any of them before.

They all obviously just love what they do, and they also love helping others. You can feel it in their postings.

Occasionally along comes a posting where you can also read the "negative tone". This was the case with yours. Don't really know if you meant it or not, but your question "Or are you just a theorist" sounds extremely condescending. That's certainly how I took it.

Dimitrios, the facts are these. I invest in lot's of things - property, shares, start-up businesses, equity positions in companies - lot's of things. If I'm passionate about it and if I think it will make acceptable returns in an acceptable time period with acceptable risk, then I'll do it.

I absolutely love what I do, I am passionate about investing and through The Institute, I am passionate about providing education to those that genuinely want to learn and succeed. You should go back and re-read my postings and you'll find that I'm not actually a property presenter in any of the Institute courses, but nevertheless, I am happy to answer your question.

I started off like most others on a buy and hold strategy. I have always concentrated on inner-suburban areas of Melbourne (both houses and units), not the CBD. I have always sought high capital growth and come up with creative ways to enjoy a better than average yield. I have NEVER made a loss in the inner-suburban areas. I have purchased off-the-plan and established, and always like to negotiate the purchase to MY price.

I do developments for cashflow, and because I am very busy in my "full-time" job, I contract a lot of this work out, happy to take a slightly smaller profit to release more of my time. I have had periods where I done a few flips, and would have loved the time to do some reno's for equity build-up and cashflow, but haven't done it. Vendor financing I have never done and have no desire to do, but that's just me. As I've said, property is just one part of what I invest in.

Dimitrios, all of this is totally irrelevant to you. If you were asking because you were checking on the credibility of The Institute and what it teaches, then that was pointless, as I am not one of our trainers, which you already should have known.

People like The Wife, Gee Cee, Robert, Michael, Uncle etc. etc. give up their time to help people with their knowledge through this forum. If you check, you will see that I am now doing the same. If I can help people with whatever knowledge I can impart, then I will. Go back and read my postings, continue to read ones that will surely follow. This will tell you more about me and my knowledge than anything else.

Without doubt we live in the best country in the world, and it is very easy to make money through property, using any number of strategies. How much money I have made is irrelevant. How much money The Wife has made is irrelevant. How much money Henry Kaye or Peter Spann has made is irrelevant. It's how much money you make that is relevant, and this will totally depend on your mental attitude and commitment.

Paul
 
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Gee Cee

Reply: 2.1.1
From: Mike .


Re: The Investment Institute - totally independent learning
From: GC / TW & Roby /Pty Ltd.
Date: 04 Feb 2001
Time: 19:28:36

Paul should we do the course?

Or be giving it

Gee Cee
 
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Paul

Reply: 2.1.1.1
From: Mike .


Re: The Investment Institute - totally independent learning
From: Paul to Gee Cee Pty. Ltd.
Date: 05 Feb 2001
Time: 05:37:59

Gee Cee,

From reading your postings, doesn't sound like you need to do a course, other than maybe an advanced driver education course now you have the new VX.

You are always welcome to talk to me, however, about participating. Could be a whole new business for Gee Cee Pty. Ltd.

Email on info@theinvestmentinstitute.com.au if you're interested.

Paul
 
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