2007 June | Yong-Long Lai

Mortgage Brokers

June 10th, 2007

Yong-Long Lai

This is just something I found on the Internet, personally I like to have a few mortgage brokers working for me when i’m looking for financing. This way both of them can compete for your business and one of them will always get you a better deal!

ARTLOG
Home Loans Australia
Investor Finance – I’ve used these guys before and they were good

These guys also do Personal Loans, Insurances etc. so quite a handy service to have, especially when you are shopping around. Remember, like all mortgage brokers these guys are FREE, the financial institution will pay them commission and/or trailing commission when you decide to get the loan through them. (ie. the banks give up some of their profits to brokers – its a win/win/win for the banks the broker and the customer)

PS: Personally I haven’t used these guys before, so please comment here when you use them so others can know if they are good. Cheers!

Posted in Finance

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Wink

June 9th, 2007

Yong-Long Lai

A sneak preview of Wink by Roger Hamilton. Its an awesome book, takes you back to basic!

Click Here to check out 16 illustration of the Wink book from the XL Results Foundation webpage! It’s going to be the best thing you’ve done! I would link the pictures here, but I’ve been informed that would be ’stealing’ traffic and breach of copyright. I have no idea how information on the Internet is suppose to be enforced especially with millions of links coming in and out of places. If it was me, I would want my information distributed everywhere so it will have a bigger reach and help more people. Either way, I’ve been asked and so it shall be given since I like these guys.

Do yourself a favour and read “Wink”, while you are at it you might as well read “Your Life Your Legacy” too!

Posted in Zero to Hero

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Market Update

June 9th, 2007

Yong-Long Lai

Its been a shaky week in the world market last week and i think it deserves a mention. The China market has been falling quite sharply during the week, this lead to a fall in the US and European markets which in turn lead to a fall in the Australian market. The All Ords has fallen for 4 consecutive days and each day the drop was bigger, this essentially wiped out about 1 month of gain on the index.

That being said, the US market rallied yesterday night, up 1.19% so hopefully it rallies again next week. Bear in mind that the ASX is closed on Monday for Queen’s Birthday so if the US and Europe market performs well Monday next week, we should see a strong recovery of the Australian market.

There’s still 3 weeks till expiry and historically it takes 4-6 weeks for the market to recover. The market has fallen 147 points (2.28%) over the past 4-5 days Bear in mind that the BankWest Economist is always on edge, he was on edge when Shanghai correction came and he’s been keeping an eye out this time.

The Shanghai drop was 395 (6.56%) – this was a quick correction, down for 1-2 weeks,and back up in 2-3weeks.

Â The last big movement was 10th May to 14th June 2006, this was a 549.5 (10.27%). This went down for 1-2months, and up in 4-5 months.

If something like this is happening the market will be sideways and its even better for options writers

If you look at the XAO there is a weakening in the market in terms of ‘internal strength’ just look at the RSI.. so watch outÂ

If the market continues to drop for the next 3 weeks we may want to consider doing longer contracts, rolling down or closing out, I guess in 2-3 weeks time we’ll know what to do.

Posted in Shares

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Critical Moment

June 3rd, 2007

Yong-Long Lai

Decided not to follow the ‘Cash Flow On Ice’ group to go to Antarctica. Projected my income and did the maths, all i can say is the equation wasn’t balancing very well. So now its time to make that 30k and reinvest it and get the power of compounding working.

Hopefully next year i’ll be in a better position to get myself there, going to stick to my primary focus for the next 12 months and that is to recoup theÂ money I’ve spent on courses (which i’ve pretty much covered) and replace my primary income so I have the ability to retire to full time investing. I reckon around 10k a month before tax is sufficient for me to be in a position to make that leap of faith…

Posted in Zero to Hero

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Free Property Portfolio Review

June 1st, 2007

Yong-Long Lai

Finally there’s a logical solution for anyone who wants to invest in property, but doesn’t know how to overcome that biggest hurdle, where to get the money from.

Investor Finance are sharing their trade secrets and showing everyday Australians how to keep the banks honest, and what’s best, is they donâ€™t charge you, they charge the guys who can afford it (the big banks with billion dollar profits).

CLICK HERE to get exclusive personal access to an investment minded strategist, who knows every trick in the book to getting you the money for that extra property and won’t charge you a cent for it.

Personally, I’ve used Investor Finance and they were very helpful in finding the best mortgage available. I actually went out and looked at all the other loans and Investor Finance actually came back with something better. The best part is they give you a few options so you have a fall back if needed. Highly recommended if you want to get pre-approval for a family house or investment property! Mortgage Brokers are free, the Banks pays them a fee (this is industry standard – thats how they get paid)

Remember there is no harm shopping around! Go get the best deal for yourself and do your own due diligence!

Posted in Finance, Property

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