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Hack Attempt #1
Someone tried to hack the site tonight. I don’t know whether to be angry or flattered. So if you show up one day and it seems like I’ve moved into the porn-biz you’ll know: 1) I’m 0wn3d by script kiddies (i.e. the site has been defaced). 2) Don’t hire me as your IT security consultant…
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Credit Card Danger
I bought a strata unit with a credit card cash advance once. I’ve used the same technique for a deposit in a hurry. Until recently I was a fan of lots of credit cards with high limits — providing you knew how to manage a bank’s Debt Service Ratio (DSR) calculations. You see, banks assume…
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Someone’s trying to screw you
I just go home from listening to Peter Holmes à Court give a casual talk at the Sydney Chapter of Young Entrepreneurs Organisation. I won’t reproduce his entertaining, inspiring and insightful comments here — if you ever get a chance to hear Peter talk, take it. One point he did make was Someone’s always trying…
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Horse Trading
I sat in on an exchange between two very experienced businessmen today. What an education in five minutes. The Salesman and the Entrepreneur. Entrepreneur: We bought these from you last time at $1.62. Why do you want $2.25? Salesman: I have to pay MGM an 18% royalty on these. Entrepreneur (grabs a calculator): $1.62 +18%…
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Small unit finance
It seems that GE – Mortgage Insurance Services has decided that small units (<50sqm) are not good. This is a relatively new wrinkle as I have seen the lender summaries that brokers use to assess lenders. GEMIS used to do these loans. Anyhow if it was easy everyone would do it and I wouldn’t have…
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Sell 1831 CSR @ 5.64
I stretched for cash at the moment so I look a $0.18 (3%) gain on a 17 day holding. A shame because I wanted to hold it long term. Mind you the last dividend was 13c so it’s like I got the dividend anyway.
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Three Small Units
Ok so I’m late on the details. If you were hanging out so much you could have left a comment on the original entry. But it’s ok the logs tell me a lot of you are coming back regularly. The advertising was for a deceased estate auction $160K+ buyers for three 1 bedroom units. I…
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Sell 1040 NCP @ 10.84
I need the cash for another investment and the sell price represents a 10% gain on entry price of $9.85 so I’m taking profits. I have a sell in for CSR @ 5.63 but I don’t think it will hit this 3% price target today. Don’t you hate it when plans change? CSR was a…
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Bidding at Auction
I bought 3 Kings Cross units at auction this evening. I’ll post the details tomorrow. I always get scared when bidding. “What if I this is all a very big mistake?” goes my self talk. I’ve bid at more than few auctions, been under-bidder often but only won an Auction four times before this. Maybe…
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Server Slow
This poor server seems to be struggling a bit. So it will be replaced in the next week. During that time and for about 1 hour the site will be off-line. I’ll post an update before it happens but I don’t know how much notice you’ll get. In the meantime thanks for persevering with the…