Property club

Discussion in 'Investment Strategy' started by Matt87, 12th Jan, 2018.

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  1. Matt87

    Matt87 Well-Known Member

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    Hi all,

    thought I would throw a question out there. Has anyone used Property Club's tools or real estate to invest?

    I have done abit of research around it, but wasn't so sure. They look pretty fantastic on the surface... BUT..

    What is PC thoughts around them as a whole? Good, Bad, or take what you can get?

    Cheers,

    Matt
     
    Matt87, 12th Jan, 2018
    #1
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Club these days implies ........ not for profit.

    is that the case here ?t

    ta
    rolf
     
    Rolf Latham, 12th Jan, 2018
    #2
  3. Simon Hampel

    Simon Hampel Founder Staff Member

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    Never heard of them.
     
    Simon Hampel, 12th Jan, 2018
    #3
  4. Marg4000

    Marg4000 Well-Known Member

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    They have a rather swanky looking, main road frontage, building in a large technology park near us with prominent signage.
    Marg
     
    Marg4000, 12th Jan, 2018
    #4
  5. hammer

    hammer Well-Known Member

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    hammer, 12th Jan, 2018
    #5
  6. Marg4000

    Marg4000 Well-Known Member

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    Read up a bit on them years ago, so things may have changed. They had a "never sell" strategy, so if your investment is rapidly losing value that is ok, so long as you don't sell. If you sell and make a loss, that is YOUR fault because they advised you not to sell.

    They always highlighted their "success" stories (as do all spruikers). A bit like Kate Molney was paraded in front of investment seminars as a hugely successful investor before being caught out when Moranbah suddenly went pear-shaped.
    Marg
     
    Marg4000, 12th Jan, 2018
    #6
  7. Simon Hampel

    Simon Hampel Founder Staff Member

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    Simon Hampel, 12th Jan, 2018
    #7