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Old 21-01-2010, 12:11 PM   #181
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Hi everyone

Great job everyone i wish i started earlier,
my name is toby and im 28 im a car stereo fitter have been for 10yrs
i only started to think about investing 4yrs ago when we moved into a private rental and our land lord told us his story about how he had 3 propertys, when i heard this i was amazed and hooked. since then i have spent my time looking for any way to make money i started to buy car cdplayers of ebay broken and fix them and sell them making a bit of them then it went to laptops and now tvs like plasmas, those are my short term investments, my gf and i decided we had to get into the market but couldnt afford much so we bought a 2200sq block of land out west next to my parents place for $31,000 then just before we got married we bought a house in gympie for 218,000 which is now rented for 195wk we are still renting but looking at buying our house next year its easier and also less comitment, we also just built a billboard on the block of land and will be getting $100 a week for each side, our next step is to buy another block of land and put up another billboard which is not easy as council approval and main roads approval cost a bit upfront and thats if they approve it, maybe looking at investing in some stocks. please feel free to ask any questions or comment as im still learning as well and would love to hear some feedback or sugestions thank you
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Old 27-01-2010, 11:53 AM   #182
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It is very important to start out and stay on track. Myself and many i know had done well in our early 20's. But, in that market every one was. Then, techwreck..... i remember having breakfast with a friend on the friday morning, we had lost around $100k between us, while we laughed about it.....

protecting yourself is important and easily achievable and not just from 'diversifying'.

you can also save a bundle on tax if strucured effecively.

these are areas that can be complicated. if you would like more in, email me and i can pass it on....
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Old 27-01-2010, 12:03 PM   #183
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Quote:
Originally Posted by piersw View Post
these are areas that can be complicated. if you would like more in, email me and i can pass it on....
Hi piersw ... the forum community is here for people to share and learn, not for you to solicit business. How about you focus on helping everyone learn - as people get to know you better online, they will value your contributions and seek you out for advice.
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This is a general comment only and does not constitute advice. Before making financial decisions you should seek advice from a professional adviser, who can take into account your specific circumstances and investment goals.
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