I haven't been myself, but, I am familiar with Peter Spann's ideas after a client of mine was good enough to provide me with a complete set of notes from his seminars . . . the $28 seminar is well worth a look.
Bye the way, whilst the notes were good, I would not recommend you spending that much money on a seminar.
I agree - spend the $28 - you won't regret it. PS is not everybody's "cup of tea" - but I can almost promise you that the evening will be inspirational, and even somewhat entertaining!!! Depends where you are in the investing "learning curve".
Keep in mind that this dude went from broke to multi-m in 12 years - and is up-front enough in his "intro" seminar to say straight out "You can learn all of the info I teach in the weekend seminars by reading books - about 300 books - you choose which you would rather do" (or words to that effect..)
I went to Peter's intro night, and it was the best $50 I ever spent. Not sure if it's the same intro night you're going to for $28!
I say that not necessarily because of anything Peter taught, because most of it I'd heard before.
What happened for me, though, was that he talked about a way of combining investing in both shares and property, and I had light bulbs going off all over the place.
I still use elements of the ideas he talked about that night, and plan to use more of them in the future. I don't follow his system to the letter, but I know one thing - that night I got a lot more confidence that some of the things I was doing were a damn sight smarter than I'd allowed myself to believe.
I'm a big believer in finding knowledge wherever I can, as long as it comes with a small price tag. If I learn one or two ideas from an intro night like this, then to me it's been worth it.
I was pleasantly surprised.
He is a slick presenter,and one must be wary of someone constantly posing with his ferrari,so I was a bit wary.
The seminar was split into two parts one for r/e and the other shares
I didnt stay for the 2nd half which was shares,but did enjoy the first half.
Iit was a promo for his company freeman fox to get you as a client ,he did cover alot of real estate questions and the short tubby guy has a sense of humour.
What was refreshing was he didnt get into the pos/neg debate and handled difficult and stupid questions with the same proffesionalism.
A firend of mine went to a share traders seminar after going to Peter Spanns. The share presenter said the way Peter Spann does share trading is _Very_ risky, espically if you don't know much about shares to begin with.
I think that "risk" is often a product of people's inexperience, rather than the actual truth. Most risk can be managed to an acceptable level if you're willing to spend the time and make the tough decisions.
I remember going to a presentation by a share options trader (something many many people say is too risky!) and he's done very well out of it. And yet - he only works on the buy side of options. I was doing stuff on the sell side, and he hit the panic button.... that's too risky!! hehehehe
Having said that, though, these types of strategies are extremely risky if you don't learn what you're doing before you start and can't make tough decisions under enormous pressure.
Dear Rob and others;
I have been to Peter Spann's intro seminar "Welcome To Wealth" 3 times, and have also completed the 2 day seminar "Money Magic" and will be doing the 3 day seminar "Instant Income" next month. After the first time at Welcome To Wealth I was very enthused, but still a bit sceptical and asked lots of questions about Peter Spann and his company Freeman Fox of his staff and graduates before I eventually shelled out the $4,000 for the 2 courses.
Money Magic deals with buying, renovating and renting out properties and also deals with buying and holding a share portfolio.
I have found the Money Magic seminar to be extremely informative and do mnot regret doing it, even though there is a mountain of course reference material that I now have to get through.
The bottom line is yes it is a lot of money to pay, but I think that I will be getting my moneys worth once I finsih studying all of the material and start buying properties.
I realise that this will not be the go for everyone and when push comes to shove you have to follow your instincts and as other people here have said, the information that Peter Spann gives is available from other sources. The only problem is getting it all together and acting on it.
I hope this response is of some assistance to you.
Thanks for the feed back, it's good to hear from someone else that has attended one of Peter's seminars.
I am just getting started myself and have only completed Money Magic, with Instant Income scheduled for November.
I have nearly finished reading the manual that I got at Money Magic and have also read Peter's book Wealth Magic as well as "Rich Dad, Poor Dad" and "If you Want to be rich and happy, don't go to school" both by Robert Kiyosaki and am about to start reading The Richest Man In Babylon by George Clason.
I found Robert Kiyosaki's books to be really hard work but I did get something out of them and that's the main thing I suppose.
I booked and paid to see Peter last week, unfortunately something came up, happens everytime to me. I asked for the cost of the seminar ($28) to be creditted to a video tape($48).
No problems at all, done in seconds.
Four hours of Peter Spann is tough going, so I viewed it over two days.
Save your money, go to a couple of Investors Club nights for free.
The only difference is that The Investors Club is without charge,
and Peter wants big bucks for his.
The Investors club was one of the first to push this type of seminar. There messages are almost identical.
Investors Club says "Buy one of our properties". My impression was that they were all new.
Spann syas, "Buy an older property, renovate, and hold it. Buy some good solid growth shares. Here's some criteria. Write covered calls. Hedge your shares. Trade options. Use you Self Managed Super fund...".
There's nothing wrong with what IC is doing. But to say that Spann's message is almost identical to IC's I don't think does justice.
KY's aim, it seems, is for a comfortable retirement. That's fine. That would be more than 90% of Australians would achieve using traditional methods.
Spann's aim is to be much better off than comfortable. That's what I'm shooting for.
Geoffw, was wondering about this 90% of Australians achieving a comfortable retirement using traditional methods. All the material I've read indicates that 90% is way too high a percent to say for a 'comfortable' retirement. I don't know what you consider a 'comfortable' retirement, but according to More Wealth from Residential Property page 24 the annual retirement income for couples 82.1% is <= $30000, hardly what I'd call comfortable!
I'm not just trying to shoot you down, but I just felt the figures you quoted were a little misguiding (for want of a better word).
I wasn't sure of the figures- 90% was much more optimistic than I remembered, but I wasn't sure- I opted for a conservative figure.
But I'm shooting for higher than comfortable- that's my main point. Spann shows a strategy integrating shares and property which should, he says, get you far more than comfortable. I'd like that, and I'm working towards it. Not necessarily using his methods all the way- I'm continually learning.
Investors Club is a very good starting point. But their stated intention is to provide a superannuation plan. One which will make you comfortable (that's my understanding anyway). Going with them will provide far more than most Australians will achieve in their superannuation schemes.
I'm not knocking IC in any way. Just that the Bruce suggested that you could learn no more from Spann than from going to IC meetings. That surprised me, given the number of different investment strategies that Spann teaches.