Badly burned by investing

Discussion in 'Introductions' started by Bounce, 15th Jun, 2016.

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  1. Gockie

    Gockie Life is good ☺️ Premium Member

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    The positive lining about crystalising the loss is that you can offset future capital gains... and as other people have said, its great you still have a positive attitude to property investing. Looks like you have gained some wisdom too. :)
     
    Gockie, 15th Jun, 2016
    #21
  2. Phantom

    Phantom Well-Known Member

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    Firstly, thank you for being open about your experience and credit to you for staying strong through a difficult time. Just to have a better understanding, is there something in particular that the broker advised on which you feel contributed to your poor investment choice? Did they have a hand in the OTP purchase? Or do you feel they should have warned you about the mining town buys?
     
    Phantom, 15th Jun, 2016
    #22
  3. Bounce

    Bounce Well-Known Member

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    Oh I will be offsetting my losses for a long time:eek: but life goes on:rolleyes:
     
    Bounce, 15th Jun, 2016
    #23
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  4. Bounce

    Bounce Well-Known Member

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    You know I really don't blame the broker I think he meant well at the time, I do believe the OTP was a kickback for him but when things started to turn he quickly changed from investment advice to just loans. Having said that I was so eager that I could have bought more than 1 in mining and the broker advised against that thank God!
     
    Bounce, 15th Jun, 2016
    #24
  5. Xenia

    Xenia Well-Known Member

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    Hi Bounce
    Love your attitude. Most successful people have made some really bad descisions. It's all part of learning. Set backs are not failiures.

    What will you do differently moving forward?
     
    Xenia, 15th Jun, 2016
    #25
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  6. Bounce

    Bounce Well-Known Member

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    Hi Xenia, who knows moving forward as a lot still has to be sorted out, it helps to have a partner that is as passionate about property as you are although a partner is so far away in the future for me:rolleyes:
     
    Bounce, 15th Jun, 2016
    #26
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  7. Bounce

    Bounce Well-Known Member

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    Ps. ...don't u people sleep?
     
    Bounce, 15th Jun, 2016
    #27
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  8. mrdobalina

    mrdobalina Well-Known Member

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    there's more to life than working
    Sorry to hear about your losses. I can imagine the relationship hits hurt more than the financial ones.

    Great to see you have a positive attitude. Set goals and take it one step at a time, and you'll be back on top in no time :)
     
    mrdobalina, 15th Jun, 2016
    #28
  9. mrdobalina

    mrdobalina Well-Known Member

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    there's more to life than working
    This place is open 24 hours! Got people from all timezones around the world!
     
    mrdobalina, 15th Jun, 2016
    #29
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  10. Bounce

    Bounce Well-Known Member

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    Thanks mrdobalina, your right the money can be replaced one day....come to think of it so can the partner:D
     
    Bounce, 15th Jun, 2016
    #30
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  11. datto

    datto Well-Known Member

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    Hope you make a killing from your future investments Bounce.
     
    datto, 15th Jun, 2016
    #31
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  12. MTR

    MTR Well-Known Member

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    ok, you look younger, what's the secret:)
     
    MTR, 15th Jun, 2016
    #32
  13. MTR

    MTR Well-Known Member

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    is this Brissy?
     
    MTR, 15th Jun, 2016
    #33
  14. Bounce

    Bounce Well-Known Member

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    A positive attitude:p
     
    Bounce, 15th Jun, 2016
    #34
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  15. Bounce

    Bounce Well-Known Member

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    Yep
     
    Bounce, 15th Jun, 2016
    #35
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  16. MTR

    MTR Well-Known Member

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    for sure, whoever or whatever you are following give it a big flick
     
    MTR, 15th Jun, 2016
    #36
  17. MTR

    MTR Well-Known Member

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    love it I always thought it would be something like Botox, or vitemin e, silly me :p
     
    MTR, 15th Jun, 2016
    #37
  18. Bounce

    Bounce Well-Known Member

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    That I have;)
     
    Bounce, 15th Jun, 2016
    #38
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  19. MTR

    MTR Well-Known Member

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    positive attitude the best, brilliant I applaud you:)

    I posted some time back my partner lost $1m in business, not a fly by the night business, yet 5,years later my better half is retired and me 9 years ago, I put it down to positive attitude 100%
     
    MTR, 15th Jun, 2016
    #39
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  20. Bounce

    Bounce Well-Known Member

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    Wow that's awesome to hear....There is a light at the end of this tunnel. ...I think I can almost see ito_O
     
    Bounce, 15th Jun, 2016
    #40
    MTR likes this.
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