I find this really amusing…
With the Australian dollar at a significant cycle-high, the talk is on how cheap consumer goods are going to be in the next 12 months. Also, the fact that it's a great time for Australians to travel overseas for a holiday.
So this is the time to buy electronic goods and travel to your heart's content.
Zero talk about how to make money with the high Aussie dollar. The smart money knows what to do, but that's always a small percentage of the population.
With the dollar so high and going even higher, what is attractive right now is purchasing overseas assets.
Now I'm not just talking about real estate, overseas equity markets such as the US are incredibly cheap right now too.
I'm investing and researching several global opportunities. The US real estate market is an obvious one to me. It's depressed, has been for the last 24 months and only recently showing signs of life on the upside.
It's tough over there, really, really tough.
But you know what?
Thats exactly the environment that an investor wants. It's called, “blood on the streets.”
Sure, it's not good for the average family, but we must remember that investing is about numbers – not emotion.
But don't despair. While I say things are “depressed” and major indicators such as unemployment numbers would suggest that in the States, there are signs of a heartbeat on the upside.
Now this is an outlook going forward and perhaps a leading indicator that you'll never find coming out of any major media outlet, but my view is that we're in the early stages of a significant global recovery which will catapult Australia and its equity markets forward in a big way.
To get a handle on just how good the global economy outlook at the moment is, here is some interesting information.
Amex, that's right, the credit card company generated a 70% increase in profits in the third quarter. The reason why this is important is that the US consumer has started spending again despite the backdrop of high unemployment.
Card holders are spending more and there are fewer late payments.
World-wide transactions were up 14% and the US was just as strong.
There is no recession anymore in the US for those that have jobs, and as confidence grows, employment grows, the US folks who love spending will surge back and ignite a strong global resurgence.
So once this happens, and you see the Dow Jones consistently going up, regardless of what the opinions are of who follows who in the market, you'll see the Australian equity market/stocks rally strongly as well.
We could be seeing right now the lows of our stock market going forward in the next 6-12 months.
The rising tide that is currently building is going to float all boats. There is a significant wall of money on the sidelines, especially in the US that will be looking very soon to enter back into the market and get out of bonds which are yielding next to nothing in return.
So what does that mean for Australia?
Here's what I'm doing… Investing heavily into the stock market as well as the real estate market here. I'm not concerned about interest rates, I don't believe we'll get any rate hikes until 2011.
With the Aussie dollar as high as it is, the RBA would be concerned about the impact on our export markets if rates go up as well.
I'm also partnering with some astute real estate specialists in America to purchase a truck load of assets there. On top of that, I'm looking for a European vacation home somewhere in the Mediterranean.
Now of course, everything I say here is my opinion. Whatever your circumstances are, you have to consider them different to mine.
So I'm not rushing out to buy a 3D plasma screen or shopping till my heart's content on the internet… The moral of the story is focus on investing right now like you've never focused before because there are amazing times for us Aussies in the corner of the world that we live in for the next 3-5 years.
Signed with Success,
Jon Giaan
Knowledge Source
P.S. What are you doing right now investment wise? Or, am I completely off the rails, foolhardy and got it totally wrong? Remember, I don't just say stuff – I actually invest thousands, even millions in my opinion. Have a say below, love to hear your opinion…
Carl says
Thanks for sharing your opinion, Jon.
I do not think US financial problem are solved and revealed, so it’s a bomb that could go off at any time and trigger equity fall. However the equity market is bullish until other signs prove otherwise, so I trade swings with options and accumulate gold, agricultural, steel, renewable energy stocks as core long term holdings.
I believe the Aussie is overpriced in the big (10years) picture, so I choose to invest overseas (US) so I will get more on my investments when the AUD returns to it’s average of 85-90 (yes, my beleive is that the average of 80 is dead) against the USD.
I love Texas says
I agree Jon, the US is slowly recovering, even property prices have slowly risen over the last year (in Texas). I’ve just returned from Texas where I bought two 3br foreclosure homes – US$59K and US$55K – which were valued around US$120-150k before the crash & currently valued by the county at US$80-90K. A little minor repair work and they’ll be cashflow positive rentals by the end of this year – YeeHah!
Then when the US dollar recovers, I’ll bring the money back to Oz and pay down my investment property mortgages here – double YeeHah!
Mike says
Agree in general that based on a current high AUD that some overseas assets such as some US real estate & shares seem to be cheap , although you need to do your reserch carefully as cheap sometimes really means cheap ( as in a dog of an investment).
There are sub real estate markets within larger markets which have potential do much better or worse than others , just as there are different stocks within the same sector which can perform wildly differently ( positively or negatively).
The aim i think is to do your research thoroughly & then to choose the markets or stocks with the best growth/and or income potential within the risk level you can handle.
Glenn says
Thanks for the advice Jon!
I don’t really know enough to effectively comment but I have some questions… From what I’ve seen in the past, US interest rates have been traditionally low for real estate, therefore I wonder about any real capital gains by investing in US real estate??? I am a rank novice in these things but I also understand very well at a base level… Please advise… 🙂
Anthony says
Jon,
the US economy is ready for a double dip into the poo zone. The mid term elections are showing a fractured polity and the war debate is taking the focus off the economy.
With US interest rates at an all-time low the fiscal stimulus levers that the Fed can pull are limited.
All that being said the advice is “hasten slowly” – the market in the States is as varied as anywhere in the world. Reno and Las Vegas have a vastly different demography to Miami and Houston and vastly different economic prospects in the short to medium term.
Pick the areas with sunrise industry prospects and research the hell out of them. E subscribe to the quality papers of the area and research – contact local realtors and ask them (factoring the BS quotient).
Then all may be well….
Susan says
I agree wholeheartedly with you Jon, I’ve just bought 5 renovated brick houses in Detroit & 2 dual key town houses in Orlando Florida for an average of $40k each, all returning around 20% nett rental after management fees, taxes, HOA fees etc.
For me it’s about income, capital gains will come over the long term as their economy very slowly recovers, but that’s a bonus. US real estate is great superannuation & can be bought in SMSFs.
As to the house in the Mediterranean, just bought one in France… also rented… that’s an indulgence, not an investment, good luck with yours & dealing with the French legal & banking systems…. not for the faint hearted!
Dean says
Jon…
whilst i admire your optimism and the fact that your proud of being a “workin class dude made good”, it saddens me to read some of your “positions” outlined in the above email.
Firstly, you up talk selective data from the US, but fail to even raise for example the potential long term impacts of the new rounds of Quantatative easing..(QE2). The Governments selling the kids futures by artificially bringing forward demand by injecting printed money into a already corrupted and basically bankrupt system is potentially a recipe for disaster. Additionally, Quoting credit card usage as an indicator of stability in a system is also misleading and in effect, the utilisation of money not earned,but borrowed at ridiculous interest rates to consume more is also actually an indication of further rot setting into a system that should have learned that such fiscal indiscipline was one of the major causes of the recent GFC.
Now, Jon…there is a lot to be said for ethical investments…but typically this is a lot left unsaid. Unbridled capitalism is sadly based upon manipulation of knowledge and power, and ultimatly if one was to follow your emotionless “numbers” approach “and followed a blood in the streets strategy, capitalising on others misfortune, then a whole element of our human psyche could, and should be, inadvertantly punished.
I ask therefore of your readers, to ensure that an element of ethical emotions are kept alive within thier investment descision making strategies. It is after all, us and where we lay our investments, that guide, in effect, the way forward for our society.
Try to ensure your investments fulfil a win win good karma principle..dont be driven by greed alone.., but also by the social impact of your strategies…and get the wholesome contentedness that comes from a successful and socially useful investment portfolio.
Blood money has a particularly bad stench..attributes and residual impact.
I wish for your readers a happy, content, fulfilled, and satisfying ethically based future!
Marie says
Hi Susan Could you contact me at [email protected] – your story is interesting – much appreciated.
Michelle Blauw says
Sardinia in the Mediterranean is the place to invest for your European Holiday Home…!!!
Alex says
The real question is – How long can the US keep printing money until the whole thing implodes? I love the idea of US real estate but if their currency crashes and is delinked from the rest of the world then US property will only have value in the US and nowhere else. 50 yrs ago I would of bought US property en masse but right now the US have created so much paper money and derivatives leveraged to infinity that there are not enough assets in the entire world to pay it back! I reckon this is a problem.
Loise says
Err, they may be spending via use of credit card because THEY DON’T HAVE THE CASH, HENCE BORROW and spend.
And, who said all the card holders are paying off their credit cards?
What are your sources?
peter mclean says
hi susan, could you contact me also at [email protected] as i would appreciate learning more from you. thanks
Freddie says
Jon,
Your observations are controversial. Personally I believe we are on the eve of a major world depression just like the one I was brought up in- 1929 to 1939. I remember it so well (barefoot & hungry). I am retired now but still interested in making good long term investments. I advise that you note well the sentiments expressed by Dean.
Perth Overpriced to the MAX says
Why would investors even contemplate investing in Perth Property at these Ready To Bust overinflated prices in such an isolated city when there is a MASSIVE WORLD of opportunity out there in the USA and Europe at these BARGAIN basement prices?
I dont know if your right Jon regarding a turnaround but even if not, one thing for sure is buying a USA house at a 70% discount with the dollar at near 1 to 1 is a no brainer. When the dollar goes back to where it should be, IE: 80cents, you will pick up near 20% cureency gain as well. Looking at the WA market its awash with stupidity and Real Estate agents desperate for listings by pricing it up. Nothing is selling in WA unless its hugely reduced and only the budget end is selling at near asking price. The premium end of the market is taking an absolute battering. Those who bought in the $750K and upwards market a few years ago trying to speculate in WA have been taken out to the woodshed and SHOT. Those who have managed to hang on are sitting on MASSIVE holding cost that are mounting higher and higher each month and praying for a recovery or increase. It wont come regardless of the bogan boom. You are so right Jon, head overseas and grab some absolute screaming buys!! Forget WA its a graveyard for stupidity.
Monica says
Hi Jon, I am keen to invest in the USA-how do I go about it? Should I travel to the USA where would I look, who would I approach?
Are you able to give me some tips/strategies please?
Tracey says
Hi Susan, I am just looking at buying a property or two in the US (Jon, you could answer my question also) and very keen to see who people purchase through or did you do it yourself. There seems to be a lot to get your head around and I am new to investing. I look forward to your replies and thank you in advance.
Jen says
Jon – I am now domiciled in NZ so I would like to see a bit of NZ content.
The AUD is too expensive for us to buy into at the moment to be able to take advantage of movements in Australian sharemarket.
Neil says
I am new to this and would like to learn from knowledge. I currently don’t have any investments and although I don’t have a lot to through into investment, I am in a position to start putting money aside for investment. Where/What would be a good place to start, who should I talk to learn. Should I look at shares, FX or real estate?
All guidance is greatly appreciated.
Tim says
Jon,
I think you have the blinkers on – we can all find data to suit a particular course of action and I think the Amex example is really clutching at straws. The emerging markets would seem to present a less risky and equally rewarding investment at this time. Be prepared for a long wait to realise any significant capital gains in US real estate, but I do agree that it can’t get any lower and should be a great buying opportunity if you have the right people in your corner.Susan has the right idea by focussing on cashflow even if those US dollars are going to be worth less and less for an extended period. Who knows what QE2 will do to the US markets, but your prediction of the market having bottomed out is a very bold one and you could well have egg all over your face next week.
Melanie Brophy says
Hi I am very interested in buying property in the U.S but am unsure where to begin. Can you possibly advise me on this as far as areas which are good investements and what to do after I purchase, how long to keep them etc?
I would appreciate any information you can provide.
Regards
Argus Tuft says
There are some serious risks in investing in the USA at the moment.
The post-war global dominance of the US economy is coming to an end as new players like China move forward with a work ethic that affluence has long since destroyed in countries like the USA.
This is producing negative social impacts in the USA, mainly because they have assumed that they would remain top dog for ever. Great Britain in the 50’s and Germany in the 20’s provide good historical examples of just how chaotic things can get when they middle classes start losing their life savings.
The fact is the US government is broke. This means they will have trouble maintaing services which property investors tend to take for granted like police and fire brigades. You could easily find your property trashed in a riot or unrentable due to being in a no-go area.
The other problem you may face is how to get your Australian dollars back if the USA moves into hyperinflation. Check out what that cute little phrase “quantitative easing” actually means; they are creating shiney new dollars out of thin air. That means that if you can buy back one Aussie dollar today with a single US dollar, tomorrow it will take two US dollars; and the next day four and the day after that eight. That is hyperinflation; try Googling the “Zimbabwean economy” and you will see that it does happen.
So put this into your spreadsheet. Put $100k into US real estate and start receiving 20% yield in US Dollars, but then discount those US dollars by 50% pa. And see how quickly your $100k goes down the gurgler.
It happened here in reverse in the 1970’s. Farmers borrowed Swiss francs to get a cheaper interest rate. The Aussie dollar devalued (Google: Paul Keating Banana Republic for all the gorey details). Anyway, several farmers lost their family farm which had been started by their great grand parents, when their loan inflated by a factor of three or more.
Finally, remember the first rule of rental real estate: the hassles increase by the cube of the distance between you and your property. A property 10 miles away has 1000 more difficulties than one right next door.
There is no such thing as free lunch. Buyer beware.
Anthony says
Jon – good article; Susan – very inspiring story, well done!
I’ve bought 15 houses in North America, most of them 20-30K range and each returning 20% plus. One of them is now achieving over 50%. One of the houses was only AUD8,000. It’s a decent town, good 3 bedroom house with renovated kitchen and the same tenant has been there for over 3 years. I think I got lucky with that one! This year I bought two properties in Slovenia, both beautiful properties around AUD60K each. (By the way, it’s a stunning country, and I think it’s great value now). I look at Melbourne real estate prices and I’m bewildered. I’ll keep buying overseas. Whatever happens with double dips etc etc, I have positive cashflow and (luckily) zero vacancies across my portfolio right now.
Dean says
Not only perth is overvalued it seems…i read today that, according to the Age, the IMF is about to release a report in which it reveals that Australian house prices are “moderately” overvalued by 15%.
We for some reason in Australia , escaped relativly unscathed…albeit slightly bruised and hesitant, in regards our real estate sector, in the GFC. There are for sure still some spruikers, including Jons well pushed real estate guru Dymphna Bolt whom seem to think Australia has a lot of boil left in its bottle. However blind optimism and reliance upon historical precedents, in a phase now perhaps best acknowledged as having unprecedented elements of change and knowledge and shrinking global markets, is at best dicey.
There are many whom believe that we are still at the beginning of a Great Correction. That we have a long way to go. And furthermore, that we should expect high unemployment, low or negative growth, bankruptcies, bear markets, and foreclosures. This is a global situation, and not limited to Australia…however, The IMF report may well support such speculation right here in our own backyard.
As an example of this unprecedented change in environs within which we have to make investment decisions in, and governments world wide must act upon, is this information about our aging population.
For the first time in human history, people aged 65 and over are about to outnumber children under 5. In many countries, older people entitled to government-funded pensions, health services and long-term care will soon outnumber the work force whose taxes help finance those benefits. This demographic shift also means that the number of people living with dementia, whose treatment is estimated to cost $604 billion worldwide this year, is expected to more than triple, to 115 million, by 2050, according to a report this year by Alzheimer’s Disease International.
No other force is as likely to shape the future of national economic health, public finances and national policies, according to a new analysis on global aging from Standard & Poor’s, as the “irreversible rate at which the population is growing older. If the status quo continues, the report projects, the median government debt in the most advanced economies could soar to 329 percent of gross domestic product by 2050.
What does this mean for investment strategies for the future… Perhaps houses with granny flats may be good investments…??? he he…what a crazy old world we are living in…
steven says
I’m very interested in the US marker but don’t know where to start.I’m very keen to start investing but have no idea what to do and how to start and have very little money, i know that sounds silly but really looking forward to investing i will love it i know i will i love a challange, could you please help. Iknow your pretty busy but would be very much appreciated.
THANK YOU
Daryn says
The US market IS NOT recovering and the Empire is coming to an end. The trillions spent in bailouts and stimulus have actually made the situation worse by increasing the debt to amounts that will not and cannot be paid back, resulting in a worse employment situation than before the start of the GFC. The employment numbers are horrendous and the official giovernment number is over 20% which includes those that want full time work (but cannot get it) and those that have given up looking. $14 trillion governemnt debt is unsustainable and this is why there will not be a recovery. The Government and its privately owned bank, the Federal Reserve are planning Quantative Easing aka, printing money to further burden the Government with more debt. Hey, it failed twice so lets try it a third time. The US $ as reserve currency is also coming to an abrupt end, just look at the USDX index, it is near all time lows and with the amount of money being printed, the value of each US $ is buying less and less. Before you invest in US denominated assets, try reading “Investing in gold and silver” by Mike Moloney and it may change your mind. Australia is booming, why would you want to invest in an economy that is tanking in the US and whose money supply is increasing at rapid rates? Think of this, in 1970, an ounce of gold was $30 and a suit also cost US $30. That same $30 would not buy you a a sleeve of a suit but the same ounce of gold will buy you 2 or 3 suits. The US dollar is depreciating at a rapid rate before your eyes and you dont even know it and until people understand that money in your wallets is not money and only currency and that the dollar is paper which is actually worth practically zero and real money is gold and silver, you will wake up and realise that the US consumer taking on more debt through AMEX is NOT a good thing as for an ecopnomy to grow it needs production and savings and not borrowing and consumption. Silver is possibly the most undervalued on the planet and is still 50% below its all time high at $24 while its inflation adjusted high is well over $100. If you are goingto buy stocks, look at gold and silver as the producers margins are rising massively as a result of the rapid increase in their prices in recent years. Does anyone know that gold is the best asset class of the last 10 years returning over 10% each and every year while the dow was at 10,000 10 years ago and is still at 10,000 now !!!!!!
Renes says
Hi Jon,
Great article about AUS and the property market opportunities overseas.
Let me share an other secret: Hungary has even better opportunities for property investors. Great investment units are available for 50 000AUS in Historic area in the capital city in Budapest.
Budapest is a charming city with style and history. It has its elegant hilly area with panorama balconies for sophisticated investors on the right side of the river Danube, and has a very buisy area with Universities, bank and business quarters for fast investors on the left side of the river.
There are luxury restaurant boats floating on Danube- under Australian flags, so we have some early bird Ausralian investments in this exotic country.
It is a pleasent place for vacation. I would recommend to visit and enjoy some days in a winery or in a golf resort. It is not Mediterranien, but still sunny and historic region with unique cousine and wine selection. Pleasent place to look around for business opportunities.:)
If you like the idea, please let me know,and I can provide further details about these opportunities.
Renes
Colin. says
I like the idea of investing in USA property at bargain prices, however that is only good if the country as a whole keeps strong.
Although the USA has some of the best companies and smartest minds in the world I really fail to see how they will come back with a 14 trillion dollar debt and rising, crumbling infrastructure and many failing industries going offshore.
I think the day of the USA as a leader is over and China and asian countries will keep rising. China has been working hard selling things, building assets, investing, the US has been borrowing money for over 25 years, spending it on wars, and not even investing in their own infrastructure.
Ross says
Hi,
Interesting article, I’d be interested to talk to either Susan or Anthony regarding their investment exploits please email me [email protected]
Dean and Daryn have made some very interesting and informative points, so much food for thought!
Ian Richardson says
Interesting read and something I really know very little about, but it is something I have always wanted to do.
I’m now in a position to do so but have no idea where to start.
Some information on this would be very VERY helpful.
Ian
Andrew says
I’m a Sydney Chartered Accountant and Property millionaire. I work in tax here and have worked in the US. You know that by being able to borrow you can dramatically increase your returns….borrow at 5% and make 15%+ on the banks money. I have a good Credit Score in the US, so if you have trouble borrowing let me know and maybe we can do a joint venture!
I am making 10-20% gross rental returns on my Sydney residential investment properties. I only buy proprties that have development potential which means I make an extra capital gain on development. I have structured myself so that I pay little tax legally. So if I can make the same returns here and be able to leverage the US doesnt look that attractive to me as Oz is safer.
However, there is the concept of diversification, spreading investment risk/return…so I’m looking at the US and am aware that many Australians have lost money in that market previously. I have researched the US market and am familiar with what to look out for….so I’d rather go into that market with different strategies and with different minds so that I get diversification on all levels. I would consider a defensive strategy. If I can assist you please dont hesitate to contact me on [email protected]
Ken, says
I think dympha Boholt has a good idea of things and a lot better of the so called experts-whingers. I’d just like to say on investing that you can live in a house but you can’t eat shares. I see the yanks as the biggest bull shippers this side of the pacific and beyond so be aware.
Dave says
All very interesting and wonderful to see many varied and different view points; some bullish and some bearish.
The way I see it if you have bought a property in the US or indeed Europe (using Euros as the equivalent currency) for $US8,000.00 or even $US30,000.00-$US50,000.00 and you make 20%-50% net from rental how long will it take you to own that property outright and for it to be 100% cash positive? If doom and gloom arises and you lose the property due to Civil unrest or further depreciation – well you’ve taken a calculated risk and achieved a good result – good job wouldn’t you agree? If all stays as it is or improves (will it? Won’t it? That is a $AUD64 Million question) then you will continue to have a positive cash flow and is that not what you want from your investments?
In Australia there are still areas where Positive Cash Flow properties can be acquired and that linked with the assistance of the Australian governmental taxation system, depreciation schedules and the leveraging capability of the compounding property appreciation provides local opportunities also. As was pointed out in some previous comments some areas may well be 15-20% overpriced in Australia now so it is vital to research what you want to do. The ATO is a good basic source of knowledge to find out what can and cannot be off-set against personal / business taxation – reference; http://www.ato.gov.au/individuals/keywordlist.asp?k=depreciation. The use of SMSF’s are good options to work with but best to seek specialised advice as you do not want to have to deal with the wrath of the ATO who will come down heavy if ‘i’s’ and ‘t’s’ are not dotted and crossed
What does disappoint in Australia is the ‘greed’ of the State Governments with their Land Taxes (particularly in SA). The Governments have been saying for years that we are short on homes and we need to also provide better superannuation structures. With the advent of the inverted pyramid we are heading to (less younger people to generate wealth and more older /dependant people) somethings gotta give; it ain’t brain surgery. Investors took up the mantel to produce more homes via development or acquisition to ensure an income source now and in their later lives but the Government’s see this as another means of ‘money grab’ in the form of Land tax. Recently an investor in South Australia was faced with a massive Land tax bill and was unable to pay. The investor was told by the State Treasurer to ‘sell one of the properties’; the very same properties that were invested in to provide a retirement fund to negate any draw on the Aged Pension… the Government’s want their cake and eat it too – that is repugnant.
We will all watch what happens in the US closely I am sure – we need to focus on China, India, Brazil, Indonesia and emerging Eastern Europe
There are ‘many’ experts out there so, as one submitter put it, ‘buyer beware’
Investing is not for the naive nor the faint hearted – research, learn, research, learn, research, learn – that forms the basis of your personal strategy. There are many excellent sources of information but do yourself a favour and research the sources – caveat emptor
Recommended read:-
The Great Depression Ahead (How to prosper in the Crash That Follow The Greatest Boom in History) Harry S. Dent jr. Author of “The Next Great Bubble Boom” and “The Roaring 2000s” – published by Schwartz Media Pty Ltd
Good luck with your investments
Dragana says
Hi Renes,
I would like to hear some more details about investing in Hungary and why do you think that it is better opportunity than investing in USA. If you are still willing to provide these details please contact me on [email protected]
Ian says
Your attitude saddens me.
The investment world is a slightly different place now.
Ordinary Joe is awake to the destruction wrought on future generations by harvesters such as yourself.
You used the term “blood on the streets”.
I think you may find less tolerance for your methods than you anticipate.
Maybe it is time to learn the lesson of South America. The time is long past due for the rank and file to stop the financial rape and pillage you encourage.
Best of luck!
Andre Lamourne says
Here’s what I’m doing and why.
I am selling my $700k house in Perth suburbs… had a good run on it over the past 6 years and unlikely to get a similar run over the next 5.
I’m casutious on all stock markets, but especially Aussie right now. Looking at an Economic clock model Aussie stock market and economy really does look like its past mid-night. ok it might hold a surf up there, I don;t know, I hope it does… but I’m watching with caution and ready to pul my money out.
House proceeds will invest leveraged into US and UK stock markets. Their economic clocks are showing early morning. And in my opinion have a better chance at a good run over the next 2 or years than Aussie.
Nils says
It is always tempting to jump on the bandwagon when an appearant bargain is steaming past!
I have been interested in investing in property in the US for some time. Now would appear to be a good time.
As a serious investor, there is a fair bit of homework to do. And of course visits to the US to suss out things on the ground. I have not dealt with Dymphna B. Is she a snake oil peddler or is she doing the right thing by us investors and actually try to do her best and give us valuable advise?
The biggest issue when I use someone to help me is trust. Can I trust their advise? I don’t mind people making money from helping me-of course they are entitled to make a living. But they have to do the right thing!
I need to get sa handle on a multitude of issues: georgraphy (where to buy), finance (how to borrow money there), investment vehicle (my own name, LLC or??), property management (how do I find a PM I can trust?) etc.
All these issues are solvable but does take effort and money to solve.
Cheers
Nils
[email protected]
Rita says
Hi Dean,
Interesting article. Would you suggest the following;
Compulsory euthanasia for all people over 60 this might help getting rid of the world problem of too many old people in need of hospital resources.
Confiscate all posessions from sick people to pay for hospials and eliminate the oath by doctors to heal withiut discrimination.
A Brave New World.
Darrell says
Hi Susan – Would appreciate you contacting me by email: [email protected]
RE: Investing in USA. Thanks Susan.
robert young says
hi interesting !!! i am keen to invest in the us market and would appreciate talking with susan and anthony , also i would like to find out more about budapest and also would like to talk to renes
i would very much appreciate any or all of you contact me
my email is [email protected]
Dean says
Compulsory euthanasia and aged asset stripping might be one way forward Rita…and anyhow..doctors have long ago started applying assistance to those who deserve it protocols..(just ask any person sufferring diseases caused by self harm in thier misspent youth)…so it doesnt take too much a stretch of the imagination to see a extreme reduction of medical services for those whom are “past thier prime” in the near future, in an attempt to balance the budget.
A brave but sad new world.
Such movements..in many guises are actually happening around us sadly, as the values of the past crumble under the pressures of the new world. Havent you noticed how peoples of all walks of life appear more selfish and motivated by individualistic dreams, nurtured by the system that we operate under.
Jons “blood on the street”investment strategies he espouses here are a classic example of the attitudes and opinions nurtured by this winner takes all capitalist model we live in.
The hard part is to resist, and to ensure our wins are not at the cost of others..that the fat we acquire is not stripped off the backs of those that need it.
A big ask when it appears our society rewards the fiscally astute…those whom have the ability to minimise thier tax obligations, and where the good guy seemingly comes last.
david says
Hi Jon, as much as I enjoy reading what you write, the problem with making predictions is that when they are proven wrong soon after it throws into question the basis of the other points made. For example – no interest rate increases here in Aust until 2011…
jenny says
Hi Susan,
Im interested in us investment
I really appreciate if u have little time to chat with me about your experience in usa properties.my email [email protected]