Forum Archive Index - December 2003

["Russell" <allanrussell90@hotmail.com>]

Re the rental property, my experence has been thats its hard work, you have an investment that is not very liquid, and when the tennants shoot through leaving a mess, you lose money and have to clean up, and re paint and repair, other peoples mess, its discouraging.

It makes loseing money on the share market seem a lot cleaner and sanitary, I still feel the same but there is no mess to clean up etc, and only myself to blame.

Haveing said that it was rental property that gave me the money to start playing with shares.

But it seems to me you already have the money to play with.

Allan  

----- Original Message -----

From: Woody

To: sharechat@sharechat.co.nz

Sent: Wednesday, December 10, 2003 12:19 AM

Subject: Re: [sharechat] Advise please reply

In my opinion if you have $100,000. Keep it NZ.   $25,000 deposit on rent producing property, Seek out Morgagee reposession,

 

buy it ' Cash Positive ' 

$25,000. Good quality shares. 

$25,000 in Precious metals. Gold, Silver.

$10,000 Trading Portfolio US Stock Options. ( Plenty of Internet training guides ) if ready I will give you a good Broker.  

 $10,000 In the Bank

and $5,000 Forex trading Portfolio Very high risk but worth risking $5,000.

 

Woody

----- Original Message -----

From: ChildcareOnline

To: sharechat@sharechat.co.nz

Sent: Tuesday, December 09, 2003 7:39 PM

Subject: [sharechat] Advise please

Hi

 

I have $100,000 USD coming my way shortly :-)

 

In your opinion - should I:

a.    exchange the money into NZ dollar now and put it in the bank

b.    exchange the money into NZ dollar now and invest it (purchase a small flat or shares)

c.    keep the money in USD in a holding account (non interest bearing, I think) until the rate improves?? Say goes down to 60c?

 

I guess what I would like to know is - what are your predictions for USD vs NZD?

 

Ryan