BiG's 30 Day Money and Investing Challenge | General | Business Investing | Property Investing

Day4 of BiG’s 30 Day Investing Challenge |The types of investments and strategies available to you – the investor

Love your life? Love your job? Or is it time for some lifestyle changes? More money, less time working for somebody, more time for you? Where do you start getting the advice, information and help you need to make it happen?

Updated August 2020

Have you read my rivetting story of how and when my investing began? Like so many newbies I didn’t know what investing choices there were. All I knew about was ‘property or shares’? So I went to a seminar in Queensland where the spruiker promised to enlighten attendees to compare the two – wrong! I ended up escaping from the seminar early, no money back (despite their $ back guarantee). I lodged complaints with the ASIC and the ACCC, hoping to prevent mum and dad investors being duped of up to $30,000 in ‘coaching and mentoring’. Total waste of time. I ended up buying two Queensland investment properties soon after, but that’s another story.

Hence Best investment Gurus (BiG) was born. My mission? To help people find the best investing information, services and people around – and avoid the rest.

But how and where do you start and choose what you’ll invest in?

Each area Wealth, Business, Property, Shares, You sets out Strategies | Specialties | Topics. For example:

Business Investing Strategies | Specialties | Topics covers:

  • Branding and Marketing
  • Entrepreneurship
  • Health and nutrition products
  • Leadership
  • Managing people
  • Managing yourself
  • Mentoring
  • Online businesses and strategies
  • Publicity and Promotion
  • Website – building, design, function
  • Women in Business

Property Investing Strategies |Specialties |Topics covers:

STRATEGIES

Pros and Cons of certain strategies. Some from Margaret Lomas in her ‘scam alert’ covering: Wraps, Renovators, Buying overseas, Investment Clubs, Contracts with a ‘rebate’, More than one company and Cash flow mortgages.

Other strategies, pros and cons, tools and circumstances in real estate (‘property’):

  • Aboriginal home ownership
  • Buy and hold
  • Buying off the plan
  • Capital growth (vs Yield) Should you buy for capital growth or rental yield?
  • Creative finance – Buying ‘wholesale’ or at a discount/Cash backs and Rebates/Cash flow mortgages/’No money down’/Option contracts/Instalment contracts/Rent to buy/’Wraps/Vendor finance
  • Direct property investing (vs Indirect – such as property trusts)
  • Divorce and other circumstances
  • First home buyers
  • ‘Flipping’
  • Gearing – Negative gearing/Positive gearing/Positive cash flow
  • Niche properties – Apartments (serviced or not)/Defence Housing (DHA)/Holiday homes/ House and land packages/National Rental Affordability Scheme (NRAS)/Overseas properties/Retirement properties/Student accommodation Student/Timeshare
  • Rent vs Buy
  • Retirees
  • Reverse mortgages
  • Structuring – Companies/Joint ventures (JVs)/ Property syndicates
  • Property trusts/Listed property
  • Superannuation and Self Managed Superannuation Funds (SMSF)
  • Trusts
  • Teenagers and investing
  • Value adding – Property development /Land banking/Renovating/Strata titling/Subdividing

 TOPICS

  • How to get started
  • Affordability
  • Australian property bubble
  • Buying in a boom market
  • Capital growth
  • Common property investing mistakes
  • Divorce and other circumstances
  • Due diligence and research
  • Finance and mortgages
  • First home buyers
  • Interest rates
  • Negotiating
  • Property Myths – Property Doubles Every 7 to 10 years/The Secret of Booming Property Prices

So – there you have it! Just a taste of the strategies, specialties and topics in business and property investing. There’s still more in the fields of wealth creation and investing in shares Books #1 and #4. That should be enough to get you started and understanding your choices and areas of interest (or not!).  We’ll keep adding to and updating our BiG books.

I look forward to seeing you tomorrow where we take a look at the analysts, commentators and gurus you’ll find in the investing industry – some good, some bad and some a little ugly!

Day 4 Your Task/s:

WorksheetDay4BiGChallenge

Next up:
Day 5 “Who Can You Turn to for Investing Help? People and ‘Players’ in the Investment Industry”.


I’d be delighted if you find my work helpful and share it with friends and family.
I’d love too if you grab your Life Planner, subscribe and get BiG’s updates – all for free.

All the very best with life and your investing,
Andrea

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