Our Wish for You in 2011
May peace break into your house and may thieves come to steal your debts.
May the pockets of your jeans become a magnet of $100 bills.
May love stick to your face like Vaseline and may laughter assault your lips!
May your clothes smell of success and may happiness slap you across the face and may your tears be those of joy.
May the problems you had forget your home address! In simple words .............
May 2011 be the best year of your life!!!
This was one of the many emails that we & maybe yourselves received over the last week.
But we also received this one.
Hi John,
Spreadsheet as discussed.
Thank you so very much for your positivity............. feel a little weight off my shoulders already, looking forward to meeting you soon.
Kind Regards,
and then later
Very excited Chris was fantastic, explained things well.............so cant wait to get the ball rolling and get rid of this mortgage!!!
Speak to you tomorrow as just about to head back outside.
Kirsty
Yes it is time to make those new year resolutions. How many did you make last year & how many did you achieve?
"so cant wait to get the ball rolling & get rid of the this mortgage could be one of your objectives."
But we suggest that maybe that was one of them from last year & hence the old way isn't good enough. Of course you could do what the Builder from 9 or Wayne Duck suggests & head down to the 5th pillar.
Good luck because you will be given the same type of P & I loan at maybe a lower rate. Remember that a P & I loan is designed to be longer that most marriages i.e 25 years. How about saving years off that 25 year financial noose.
Surely that is a better way. Those who were enticed into a first home owners grant maybe regretting that now.
We read today of the IPOD generation ie Insecure, Pressured,Over taxxed and Debt burdened. If you want more than an Ipod toy then actioning the resolution needs coaching.
The Red Queen might say 'off with their heads' but we didn't hear of a similar call for Justin who coaches the seriously burnt or ashen Aussie No 1 cricket team.
If you are one of those in such a position & want & need some financial coaching then we invite you for a free meal here. You can check out our menu also.
Of course you maybe in the happy position to not have had a mortgage 'forced' onto you by Mum or society or have paid off.
Then as we were discussing with Kerryn today there are other options to invest. Of course they all come with degrees of risk.
However we suggest that those with debt in Bundaberg or Condamine or elsewhere in QLD are really in serious financial risk as their debt hasn't reduced but maybe their 'asset' -no their house 'asset' is now a bigger risk. What is the bank going to say??
So we suggested to Kerryn five other markets& other asset classes outside Aussie that have well exceeded the flat returns here over 2010.
If it is a good time for Aussie travelers to travel abroad then maybe it is a good time to invest abroad. If the 'low hanging' or easy pickings have been picked over here then maybe elsewhere has a case. But where. Some are very close to our door & all can be accessed through specialist fund managers. Of course your low mysuper or industry fund won't provide these specific options. There is a cost to NOT having these options.
Lets recall that you need to have 1,000,000 in capital outside your house to maybe not rely on government later. And government today is being suggested to to include the home in pension tests.
Kerryn can enjoy the beach today.
We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your or our time.
Check out our menu whilst we discuss your wholestic needs.
It won’t cost you anything but the effort to call us on 3848 1088 or email us
John McAuliffe
Anecdotal comment this week
Anecdotal comment this week
We had an anecdotal comment from the CEO, OGJ, of a possibly global business headquartered here in the West End.
Some points he made was
• A Real Estate office closing last week & it had 11 staff.
• The law firm which does his work his relocating & downsizing as it now does 3-4 conveyancing deals per week rather than the 30 – 40 deals that it used to do.
• One of the 4 banking pillars will accept ~1.4 million as mortgagee in possession rather than the original 2.38m on a penthouse.
• The same pillar will similarly accept 480,000 on a 680,000 unit.
• Another real estate agent that he was talking to suggested ‘batten down the hatches’ & ‘you will be able to steal it in 12 months’
• Another agent who for 30 years has sold at least 1 property a month for the first time did not sell a property.
What does this all mean? We have asked our major real estate agent clients ‘how’s things? & only HMC admitted that it’s not the prices that concern him it’s the number of transactions.
Just maybe the so called investor has done some sums & worked out that the income or rent from an ‘investment property’ doesn’t compare with the alternatives.
What are the alternatives? As licensed financial coaches we are unable to prescribe to you anything until we have your risk profile at least & we must use only from our dealer approved list APL for everyone’s protection. We are very aware that the only asset we have is our name & wont don’t want to lose it. We are as wary of you if we don’t know you as you are of us.
However some ideas we have used lately from an annuity paying 6.75% which is relevant for the circumstances of our client.
Or maybe China could be an idea when you read about ‘senior official warns of threat to China's grain self-sufficiency’. We do have a well regarded China fund on our dealer approved list which has done 130% over 5 years or ~17% p.a. compound which includes the GFC = Good for China.
We have recently used for ourselves a direct Self managed account SMA which has, as all want, -style:italic;">full transparency on every transaction, with a total investment & administration cost of 0.4613% or 0.5125% which will hands down beat the cost of any SMSF. It does have limits using only the top 20-25 ASX funds but it is ideal for a little of our own portfolios as we don’t have the systems or skill set to do our own. Especially selling.
We also used for some of our own portfolio another Tech fund on our APL when we read ‘We're all running around buying iPads, smart phones, and all manner of other mobile technologies so we can keep up with... each other? And again
‘ So I'm long Microsoft and Intel, both of which have triple-A balance sheets, gush mountains of free cash flow every year, and lord it over 90% and 80% of their respective markets. Raising dividends 25%-30% a year doesn't hurt, either. At those dividend growth rates, you can buy Microsoft and Intel today and you'll be earning a double-digit yield over your original cost in about five years.’
We have used before the analogy that ‘dentists don’t pull their own teeth’. I.e. it is promoted by everyone else that investing is easy. ‘Yeah right’.
It was extremely interesting to hear from a dentist yesterday that he had the amalgams pulled from his teeth in 1990. He admitted that dentists don’t want to admit the facts on Hg = mercury & some are still doing it.
Why did we use this analogy? Very simply the big boys lie & now they are being found out. What was Wiki leaks all about & will Julian from Townsville be up for a Nobel peace price? How many governments will stay away?
Maybe the NAB is just having IT issues or maybe it’s the symptom of the fact that it doesn’t have the funds as it has lent them all out. Why is there a limit from the Banks & the shops on how much you can withdraw? What if you have the funds & can’t withdraw?
The property bubble may well be at least deflating & just maybe we maybe able to ‘steal’ them in a year’s time’.
We were comfortable today when Patrick decided to postpone buying a house for a year. After all it doesn’t make sense borrowing 90% of the house value when renting would be cheaper. It would make sense if the property market prices continue up but we wouldn’t bet the house on it. Of course the bank is quite prepared to capitalise the mortgage insurance required which means Patrick would pay another multiple back to the bank. The bank wants the mortgage insurance as it is very aware the values can deflate.
Clients of our have had their taxx returns completed & have had taxx refunds of up to 15K. They are now seeing the benefits of our active wealth strategy of paying down “bad debt’ & are now building their portfolios outside the constraints of super.
We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your or our time. Check out our menu whilst we discuss your wholestic needs. Maybe just drop in for Ann’s Christmas cake.
It won’t cost you anything but the effort to call us on 3848 1088 or email us on info@wealthcoach.net.au
John McAuliffe
We had an anecdotal comment from the CEO, OGJ, of a possibly global business headquartered here in the West End.
Some points he made was
• A Real Estate office closing last week & it had 11 staff.
• The law firm which does his work his relocating & downsizing as it now does 3-4 conveyancing deals per week rather than the 30 – 40 deals that it used to do.
• One of the 4 banking pillars will accept ~1.4 million as mortgagee in possession rather than the original 2.38m on a penthouse.
• The same pillar will similarly accept 480,000 on a 680,000 unit.
• Another real estate agent that he was talking to suggested ‘batten down the hatches’ & ‘you will be able to steal it in 12 months’
• Another agent who for 30 years has sold at least 1 property a month for the first time did not sell a property.
What does this all mean? We have asked our major real estate agent clients ‘how’s things? & only HMC admitted that it’s not the prices that concern him it’s the number of transactions.
Just maybe the so called investor has done some sums & worked out that the income or rent from an ‘investment property’ doesn’t compare with the alternatives.
What are the alternatives? As licensed financial coaches we are unable to prescribe to you anything until we have your risk profile at least & we must use only from our dealer approved list APL for everyone’s protection. We are very aware that the only asset we have is our name & wont don’t want to lose it. We are as wary of you if we don’t know you as you are of us.
However some ideas we have used lately from an annuity paying 6.75% which is relevant for the circumstances of our client.
Or maybe China could be an idea when you read about ‘senior official warns of threat to China's grain self-sufficiency’. We do have a well regarded China fund on our dealer approved list which has done 130% over 5 years or ~17% p.a. compound which includes the GFC = Good for China.
We have recently used for ourselves a direct Self managed account SMA which has, as all want, -style:italic;">full transparency on every transaction, with a total investment & administration cost of 0.4613% or 0.5125% which will hands down beat the cost of any SMSF. It does have limits using only the top 20-25 ASX funds but it is ideal for a little of our own portfolios as we don’t have the systems or skill set to do our own. Especially selling.
We also used for some of our own portfolio another Tech fund on our APL when we read ‘We're all running around buying iPads, smart phones, and all manner of other mobile technologies so we can keep up with... each other? And again
‘ So I'm long Microsoft and Intel, both of which have triple-A balance sheets, gush mountains of free cash flow every year, and lord it over 90% and 80% of their respective markets. Raising dividends 25%-30% a year doesn't hurt, either. At those dividend growth rates, you can buy Microsoft and Intel today and you'll be earning a double-digit yield over your original cost in about five years.’
We have used before the analogy that ‘dentists don’t pull their own teeth’. I.e. it is promoted by everyone else that investing is easy. ‘Yeah right’.
It was extremely interesting to hear from a dentist yesterday that he had the amalgams pulled from his teeth in 1990. He admitted that dentists don’t want to admit the facts on Hg = mercury & some are still doing it.
Why did we use this analogy? Very simply the big boys lie & now they are being found out. What was Wiki leaks all about & will Julian from Townsville be up for a Nobel peace price? How many governments will stay away?
Maybe the NAB is just having IT issues or maybe it’s the symptom of the fact that it doesn’t have the funds as it has lent them all out. Why is there a limit from the Banks & the shops on how much you can withdraw? What if you have the funds & can’t withdraw?
The property bubble may well be at least deflating & just maybe we maybe able to ‘steal’ them in a year’s time’.
We were comfortable today when Patrick decided to postpone buying a house for a year. After all it doesn’t make sense borrowing 90% of the house value when renting would be cheaper. It would make sense if the property market prices continue up but we wouldn’t bet the house on it. Of course the bank is quite prepared to capitalise the mortgage insurance required which means Patrick would pay another multiple back to the bank. The bank wants the mortgage insurance as it is very aware the values can deflate.
Clients of our have had their taxx returns completed & have had taxx refunds of up to 15K. They are now seeing the benefits of our active wealth strategy of paying down “bad debt’ & are now building their portfolios outside the constraints of super.
We promise that you will know more about your financial jigsaw after our meeting & we certainly won’t waste your or our time. Check out our menu whilst we discuss your wholestic needs. Maybe just drop in for Ann’s Christmas cake.
It won’t cost you anything but the effort to call us on 3848 1088 or email us on info@wealthcoach.net.au
John McAuliffe
