Join Australia's most dynamic and respected property investment community

Who do you Listen To??

Discussion in 'Living Room' started by MTR, 14th Jun, 2016.

Tags:
  1. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,299
    Location:
    Perth, Melbourne, USA
    Who do you listen to with regards to investing?? property, shares etc.

    So much conflicting advice, information, so many choices to make, can easily take the wrong turn and could cost you money and worse time you cant get back.

    Before I listen to anyone, I need to see results and need to know they know what they are talking about.

    I have followed at least one idiot in the past:p, but moved on very quickly and with minimum pain thankfully and offloaded the lemon:)

    MTR:)
     
    SOULFLY3 likes this.
  2. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    628
    Location:
    Sydney, NSW
    Well crap, I listen to you guys, if you are posting this question then maybe I am doing it wrong ;)
     
    MRO, chylld, Barny and 3 others like this.
  3. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,299
    Location:
    Perth, Melbourne, USA
    Danger.. danger.....I think I gave you a clue Dan:)
     
    Dan Donoghue likes this.
  4. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
    21st Jun, 2015
    Posts:
    2,342
    Location:
    4/136 The Parade Norwood, South Australia
    I'm listening to you Dan
     
    Dan Donoghue likes this.
  5. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,299
    Location:
    Perth, Melbourne, USA
    Ian going to get a ribbing for starting this thread, perhaps is will die a quick death:p
     
    Xenia likes this.
  6. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    628
    Location:
    Sydney, NSW
    If it weren't for you, Xenia and I, it would be dead already :)
     
    Xenia and MTR like this.
  7. alexm

    alexm Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    304
    Location:
    Sydney
    I listen to family and friends who are successful in their own fields (work, business, sport, and family). From their success i'll take snippets that can help me get to where I want to go.
     
    MTR likes this.
  8. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
    21st Jun, 2015
    Posts:
    2,342
    Location:
    4/136 The Parade Norwood, South Australia
    Ok I will behave and answer the question.

    I listen to everyone.

    I like to listen to a wide range of view points, opinions and strategies and gain a conceptual understanding of a given area.

    Only then can you be ready to make descisions.

    People having different view points to me have never bothered me because I don't require anyone's validation or permission for anything - ever!

    People that need to put other people down for thinking differently or need to justify their view points before they do them are not quite sure what they are doing.

    People Who blindly follow someone else's strategy without thinking and need to blame others for having done the wrong thing, we're not really looking for advice or knowledge they wanted to just be saved!
     
    Dan Donoghue, York, MTR and 3 others like this.
  9. Leo2413

    Leo2413 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    5,715
    Location:
    Sydney
    I always try to seek advice from people who have focused on and achieved success in a particular area of investment, if that's the current area I am looking at. If I were to invest in Perth and my chosen strategy was development, then I would be engaging with all the people who I think are 'experts' in Perth developments and the Perth market. I have the same approach for each project. I think there are always groups of people who have more experience and specialised knowledge in particular areas of investment- and depending on the project i'm undertaking, it's those people's mentorship I value the most.
     
    Xenia and DSN like this.
  10. Player

    Player Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    349
    Location:
    Paradiso
    I listen to most folks that I come across and then do the opposite.........
     
    Ted Varrick and Bayview like this.
  11. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,299
    Location:
    Perth, Melbourne, USA

    I never thought of this, interesting
     
    Xenia likes this.
  12. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    628
    Location:
    Sydney, NSW
    That is bloody brilliant :)
     
    MTR and Xenia like this.
  13. Perthguy

    Perthguy Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    4,671
    Location:
    Perth
    1. myself based on my own research
    2. my partner who has been around longer than me
    3. selected forumites who I trust (especially when they said it was time to deleverage)
    4. to a small extent, some real estate agents backed up by on the ground verification. Without secondary verification, I treat what they say with scepticism

    I don't pay any attention to media attention seekers, spruikers, experts, gurus, magicians or medians. If I want to get the feel for a market segment, I hit the home opens.
     
  14. Zod

    Zod Member

    Joined:
    28th Jul, 2015
    Posts:
    15
    Location:
    Melbourne
    I have a particular friend who has a very nice property portfolio who I trust.

    For some reason I was expecting this to be a music thread.
     
    MTR likes this.
  15. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,299
    Location:
    Perth, Melbourne, USA
    All of the above

    I actually find that real estate agents can be brilliant, especially those with experience/knowledge as they can give you so much information that you wont find on a forum or a newspaper/media.
     
    Perthguy likes this.