...This year National Investment Institute Education Event is called invest4wealth. Location; Epping RSL Club.
This is rather an interesting little seminar, the first half was relatively revision, nothing i didnt know before - residential property, commercial property, type of investment, loan, agent, capital gain, tax, market value, whole sale price, retail price, etc etc..
The second half of the seminar is where all the interesting bits get glued together. He talks about bank guarantee, deposit bond and equity lease. Which were all new and interesting concepts for me.
I dont believe he's trying to sell me something, at least i hope not. He was talking about his own failure experiences with inveting on property and how from his mistake he becomes a sucessful investor, or so he claimed. For most of the second half he talked to us about his different strategies from buying a single home to multiple appartments. His view was objective, similar to a commentator.
The valuable lesson i take from the seminar is how some people paying upfront for their financial education, ie. going to college or university to get a professional degree.. however, a professional doesnt necessary equal a wealthy life. Because the more that earn, the more they spent, and the more tax dollar they pay (and the Australian goverment say they are giving us a "fair go"). The other group is learn their investing skills through trial-n-error, which method works best is still debatable. Reflecting on myself i falls into both categories, i studied financial subjects to grab the concepts and then go out to the real world and buy a little property to understand the market reactions - it's not easy being in my shoe.
After the seminar its time for work, yes, i still work on graveyard shift. Had myself a cup of 2 minutes instant noddle and a slurpee for dinner.
The photos below are taken from the seminar room and from my workplace.
