Investment Course / Program - your thoughts please!

Discussion in 'Investment Strategy' started by Pamela Palmqvist, 20th Nov, 2016.

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  1. Pamela Palmqvist

    Pamela Palmqvist Active Member

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    Location:
    Fremantle
    Hi,

    I am wanting to create an online program for my existing clients who have no to little knowledge in property investing but keen to get started.

    I was hoping to get your thoughts on what you would have liked from a program like this when you started your investment journey?

    What mistakes did you make?
    If you could give your younger self advice from your current self - what would it be?
    In terms of content, what would you like to see from a program like this?
    What were the major road blocks to getting started?

    Anything that you can think of would be super valuable and helpful! Thanks!!
     
  2. The Y-man

    The Y-man Moderator Staff Member

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    Melbourne
    You just have to look at some of the questions that are posted here by beginners:
    • where should I buy - inner, outer, which city, regional, overseas
    • what should I buy (units, house, block of flats, commercial)
    • how much can I borrow
    • conveyancer or solicitor?
    • to OFP or not
    • should I buy many small or one big
    • mortgage broker or direct to bank
    • what are the tax impacts / how do I calculate the tax
    • where do I get a depreciation schedule
    • should I buy brick, weatherboard, concrete or other?
    • can I build a temple in the back yard (oops)
    • what sort of insurance do I need
    • should I buy in super
    • how will this affect my annuities in retirement
    • FIRB
    • what can I claim
    • trust or not to trust
    • what is feng shui
    • should I just buy shares?
    • what about commercial prperty trusts
    • can I claim depreciation on the temple in the back yard (oops again! sorry!)

    for starters..........

    The Y-man
     
  3. Pamela Palmqvist

    Pamela Palmqvist Active Member

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    Hey, thanks for that!
    I have a pretty good idea but I just want to make sure I am not off-track, or if there is something I have missed, not being able to see the trees for the forests...! :)
     
  4. fols

    fols Well-Known Member

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    So you're going to be dishing out property investment advice?
     
  5. Pamela Palmqvist

    Pamela Palmqvist Active Member

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    Um, yeah, I thought that was clear.
    Any helpful comments?
     
  6. Ted Varrick

    Ted Varrick Well-Known Member

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    Pamela, you might point them to this forum, as the depth of free knowledge is immense.
     
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  7. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker Business Member

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    What are you licenced to advise on?
     
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  8. Ace in the Hole

    Ace in the Hole Well-Known Member

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    I would have liked someone to tell me to get as much experience as fast and cheap as possible, and that nobody really cares about whether you succeed or fail, it's up to yourself in the end.
    Teachers need students, but students don't need teachers.
    Self taught is the true way to success.
     
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  9. Sackie

    Sackie Well-Known Member Premium Member

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    Putting self education aside as its a given that its essential for great success, the right teacher/mentor who is already extremely successful in their own right can have a huuuuuuuuge impact on your progress and financial success.

    It's just very hard to a) find them and then b) get them to mentor you. But I know the difference they can make. My mentors have been life changing.
     
    Last edited: 23rd Nov, 2016
  10. fols

    fols Well-Known Member

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    The thing is, people take so called 'advice' off 'experts' who are not licensed / qualified or experienced to be providing such advice. This is a major issue within the industry and why so many newbs get burnt. In my opinion, people should only be taking property investment advice off qualified property investment advisors (eg QPIA via PIPA) or experienced investors who can demonstrate they have runs on the board.
     
  11. Sackie

    Sackie Well-Known Member Premium Member

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    Agree. Especially with the ' can demonstrate having runs on the board'.
     
  12. willair

    willair Well-Known Member Premium Member

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