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Balance and Obsession
Peter FitzSimons in Saturday’s Sydney Morning Herald had this great quote: “While it’s important to have balance in your life, it takes a certain obsessiveness to be outstanding.” Former Hockeyroo coach Ric Charlesworth in the latest issue of Inside Sport. And this, dear friends, is the key problem with modern sport. I won’t comment on…
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New server
Over the weekend the old server crashed and mostly died. We replaced it with a new server and things should be faster and more stable. Let me know if you see a performance improvement or not.
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10 ideas on starting with no job
With damn hard WORK (not JOB) how to go from 0 to 5 investment properties. Assumptions it wont happen fast unless you’re lucky – in which case you didn’t need to follow any plan. You will work harder than anybody with a job to get the same initial results. I’d guess it will take about…
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Meeting the Accountant
We met with the company accountant this afternoon. He said “the company cannot afford to pay any expenses that are not directly related to generating revenue”, and, “for anyone to get money the company must prosper”. The accountant thought my figures looked right and most of Dad’s drawings would go against his loan account. That…
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What a Mustache!
I put faces to names this evening. I was at the launch Steve Navra’s of NavraInvest’s Navra Blue Chip Australian Share Retail Fund, (more on that later), when I met a bunch of neat people who hang out in the Somersoft Property Investors Forum Interestingly one of the guys had a surname that could translate…
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Salvo 2
Dad, The Wicked Step-Mother (TWSM) and I met at the office today. I was acccused of stabbing them in the back and twisting the knife. I got called Judas and my actions were appropriate for Greek Easter. They demanded I pack up my stuff and leave immediately or they would bodily throw me out. They…
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Succession Wars
I allocated Dad’s drawings to a capital account. For the non-accountants that means classifying his costs as paying for something of value (like inventory) or as a loan (which can be called in). Once sorted and simplified, the number comes out to a $306K economic benefit over the last 12 months. This morning he screamed…
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BHP Apr 9.73 Calls expire worthless
BHP Apr 9.73 Calls expired worthless today. I wouldn’t mind being exercise at $9.73 but it was not to be. Hartleys shutting down is a major pain as it makes trading difficult, plus I need to re-establish all the trading and margin accounts.
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Expense Audits
I think I’ve mentioned my company’s cash-flow crunch. At a meeting this week, another business owner quoted her mentor “if you haven’t had cashflow problems you haven’t been in business”. I’ll draw solace from that. Instead of throwing 100% of my efforts into fixing this problem, I have to divert attention to dealing with retired…
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R.I.P. Hartleys (non-WA)
Well Hartleys is no more (unless you live in WA). Bummer really, as they were my full service broker and that’s how I did my options trading. I can move either with my broker to a new firm or go fully on-line and use Commsec. Full service brokers are good for after-market trades and occassional…