Help me to Retire

Found this good article on 4 mistakes that people make that keep them poor.

1. Having Children Before You’re Financially Secure
2. Attending College Directly Out of High School
3. Keeping up with the Jones
4. Stagnating

Some good ideas here for those starting out on their way to financial freedom.

Check out the full article here…  Beware of a few rude words in the linked article.

The Lore Report is a bi-monthly value investing newsletter produced mainly by Jeremy Britton (DipFA SA(Fin)).

Other than the many under and overvalued ASX stocks that the Lore Report talks about every couple of weeks the best thing is, as long as you don’t mind being 2 weeks behind, you can get all these reports for free. That’s right, just sign up with your email address as a free member, and every couple of weeks you are notified that there is a new back issue available for you.

If you find these reports extra valuable, then you don’t have to wait, you can get the latest issue every 2 weeks for $183 a year. Compared to some of the other reports on the internet this one is pretty cheap.

Anyway check it out and see if it suits your investment plan

I was reminded of some of these simple tips last week at Aspire’s Investors update evening in Adelaide.

When looking for your next property, the easiest way to find the next growth area is to see what has grown strong recently. You can get this data from your local real estate institute. Once you have a list of the out performing suburbs, have a look at the surrounding suburbs in these areas. If those areas have had limited growth recently, theres a good chance that the strong growth from the neighboring suburb will flow onto the surrounding ones. This is known as the ripple effect.
Property prices usually rise first in the inner city and beach side areas that have the more expensive and exclusive residences. The ripple then flows out further into the suburbs and eventually into the country. Generally once you have seen large rises in rural real estate and then that comes off the boil, you know that the current property cycle has come to an end and another is about to begin.

Another tip is to get stats on average rental incomes and vacancies in the areas of your city. This data can help you to decide where to invest for yield (cash flow - low growth) or for capital growth (low yield). This can also help you to identify areas that will have a higher rental demand keeping your investment constantly occupied.

My last tip is to look for areas that have new infrastructure going in or about to go in. New public transport systems and road ways can open up areas to new growth and interest. You can get information on these things from government transport and infrastructure web sites.

Hope some of these things will help you out with your next property investment.

Do you have a plan for your life. Do you have it written down?  Do you refer to it daily, weekly monthly with your written goals?

Most people don’t, so how do they know where they are going? Think about this, when you plan an overseas holiday do you have everything planned out with what you want to see and do? Of course you do.  You get your itinerary with your flight times and numbers, where you going to and when you’ll get there.  Most of the time when we do all this planning everything goes generally to plan and turns out how it was written down. So why don’t we do the same for our lives?

Think about this also. How effective is your general use of time in your normal life? How effective is your use of time the week before your going overseas for a month? Usually very different. You seem to be running on auto getting a huge amount of things done and tidied up before you leave.  Wouldn’t it be great if you could be this effective all the time?

Please, set aside and hour or so and plan you life. Write down where you want to be in a year, 3 years, 7 years etc. For example, write down the steps you need to take to get that business or investment idea going and follow through reviewing your progress all the time. Write down your goals/plan for personal development, relationships and every other area of your life until you have a complete plan. Refer to it and update it regularly.
Plan your life. Your results will be rewarding!

Continuing on from yesterday’s something for nothing theme, I thought I’d share with you a great place to get your self some free end of day data for the Australian Stock Exchange. The data is in the correct format for your charting program such as Metastock and many others and can be delivered to your email box every night.
Also if you log onto the site you can get past data as well.

Okay, so how do you get this you say? Well first up you will need a standard Yahoo account set up to get site access. Then you will need to join the Metastock End Of Day Data for Australia or metastockproau group. You can subscribe via this email metastockproau-subscribe@yahoogroups.com or you can use the form below. Good luck with your trading / investing and enjoy!

It’s not often you get a decent give away like this. Fat Prophets are giving away two of their recent Reports, 302 and Mining report 48. All you have to do is head on over to the site and read em! No need to even give them an email or phone number.

Fat Report 302 covers:

• The US Dollar
• SP Telemedia
• BHP Billiton
• Lion Selection Group
• Caltex

Fat Mining 48 covers:

• Heron Resorces
• Lihir Gold
• Rio Tinto
• CBH Resources
• Jabiru Metals

Get over to the site while you still can and grab these free reports. They could make you a decent return over the next few years!

• Highly motivated
• Always looking for better opportunities
• Has a strong interest in the markets and enjoys it
• Has and uses a trading plan that suits their personality
• Persistence and resilience
• Experience / in-depth knowledge / understanding of markets

www.sharereview.com.au is  a site dedicated to helping you manage your current share portfolio. With the help of this site you can:

• Cut your losses and let your profits run
• Track your tip sources
• Create and view your portfolios from anywhere, at any time
• Real-time or delayed data
• Get a quick quote
• Receive real-time alerts
• Set upper and lower alert points
• Create Watch Lists
• Calculate your returns
• See your trade history

These are all great things that every investor/trader should be doing and keeping track of. The problem with the Share Review site is that they charge you a lot of money to do all this.
12 Month Subscriptions for 20 minute Delayed data feed for Ordinary Shares are $199.00 - for real time prices it is $679.00 a year.
Alerts are 11 cents each for email or pop up alert (using their alert software) and 35cents each for an SMS alert.

Overall this is quite an expensive service. There is nothing really there that you can’t do yourself either using a spreadsheet, your brokers online trading platform or free websites elsewhere.

My advise: don’t waste your money!

Money Bags is an online store that sells everything you need for your education in Personal Finance & Super, Property Investing, Share Investing, Trading & Technical Analysis and Options & Futures.
The site has sections for Books, Courses & Seminars, Software, Data, Newsletters and Magazines. It really is a great one stop shop where you could spend a hell of a lot of money on heaps of great products.

Of course you can also sign up to their newsletter to get updated weekly on new products and events.

Check out the site here.

eChoice Home Loans are basically finance brokers that can help you out with all your home buying and property investing finance. The reason I mention them is that they have a free newsletter that comes out every month with a housing market update and other handy articles. And if you don’t want to sign up for another newsletter, you can just visit their site and click on the state you are after an update on.

Check it out here