If you are new to real estate investing, you are probably wondering where am I going to find my first real estate deal? There are actually a number of very effective methods you can use. Below I will touch on 7 different methods to find deals. They are a pre-foreclosure listing service, major newspapers, post cards & fliers, bandit signs, MLS, a realtor, and a wholesaler.Method one is to purchase a list of pre-foreclosure homes from a listing...more
Why do traders always talk about support and resistance levels? What do they mean and how can traders use these levels to better understand where the market is heading next?Understanding support and resistance levels can greatly assist both traders and investors. It's all about understanding how prices tend to move.There are usually psychological barriers to prices moving beyond key levels. Support and resistance is all about understanding where...more
Value investing is all about picking up bargains on the sharemarket.If you're an investor, with the market at such low levels, now is the time to look at adding to your longer term portfolio.If you're a short term trader, the underpriced stocks can often be the ones to rebound strongly.Where did value investing come from?The world's most famous and successful investor, Warren Buffett is a follower of value investing. In the last 30 years his company Berkshire Hathaway has returned more than 20% when compounded annually. It's pretty incredible to think that a $5000 investment at the end of 1967 in Berkshire Hathaway would now be worth more than $35 million.The father of value investing is Benjamin Graham. His book with David Dodd 'Security Analysis' is still relevant and considered the leading text on value investing today. Benjamin Graham applied his concepts quite simply. He bought stocks that were trading at a discount to the liquidation or bankruptcy value.What is value investing?Although value investing has taken many forms, at the heart it's all about buying stocks at a discounted price.Warren Buffett takes things one step further by saying:"It's far better to buy a wonderful...more
How do you turn $30,000 into a million dollars? The secret is time and the power of compounding. Here I'll run through this powerful concept which has helped Warren Buffett become one of the richest people in the world.Buffet has long been one of my heroes as the most successful investor in history. But now I feel let down as I read the latest book...more
What is a bear market?Generally a bear market is one where the market has decreased by more than 20%.In Australian the last high point in the market was reached on 1 November 2007 and since then it's dropped 36%. So the Australian market has been in a bear market for the last 11 months.How does a bear market end?The end phase of a bear market is...more
If you are looking for a steady income stream from your investments then shares can be an attractive proposition. Not only do shares provide a return in the form of capital gains or losses but most shares also pay a dividend.Traditionally, high yielding shares have been buffered from a downturn in the market. This is because dividends usually get paid regardless of whether the market rises or falls. When the market falls, dividends can act as a buffer against losses in the share price.As an investor, you should be more concerned about after tax profit because that's how much you have in your pockets at the end of the day. Dividends can be a tax-effective way of receiving income. In Australia, we have a system of dividend franking. That means that if your dividend is fully or 100% franked, the company has already paid tax on that income to 30%. So with a fully franked dividend, it comes with a tax credit. If you are on a marginal tax rate of less than 30%, you effectively end up paying no tax on that income and may even receive money back from the tax office. If you are on a marginal tax rate of greater than 30% then you usually pay the difference. With an unfranked dividend, you...more
Day trading involves buying and selling shares on the same day. It is extremely difficult to do but if successful, the rewards can be substantial. The flipside is that it is also extremely risky which means that you could see your capital wiped out...more
There are many bargains on the market and one way that bargains can be identified is to use the net tangible assets (NTA) value.Here I'll explain how you can use this measure to help you identify cheap assets listed on the sharemarket.Net tangible...more
Positive belief has a direct impact on everything we do in Telephone Sales. It will increase our motivation to achieve higher sales results and our drive to perform well on each telephone sales call. It will improve our skills and abilities with each...more
We now know that building Customer Loyalty is key to success in any organization.The philosophy was first articulated by Fredreich Reicheld who studied the relationship between three factors - customer satisfaction, customer loyalty and profits....more
This special report was created at the urging of many of my clients and students. Apparently there is a myth that as a Realtor you must do everything yourself. Too often there are articles written touting the super strength of a Realtor who is being...more
In these changing political times, for those seeking secure locations for offshore protection of assets, Panama remains a top choice.In a letter to the OECD after the London G-20 meeting at which Panama arbitrarily, (along with Switzerland and a...more