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steelhead

Joined: 28 Mar 2004 Location: Seoul formerly known as Victoria
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Posted: Mon Jan 09, 2006 6:43 am Post subject: Anyone interested in having an Investors Club... |
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Hey all,
Lately been doing alot of thinking and reading about the big picture...
Ive been reading books, listening to audio tapes etc and am interested in sittin down with some knowledgeable folks on the subjects of paper, and real estate investments.
Maybe what you have been doing, what you are planning to do etc....
Coffee shop Sunday sort of thing... somewhere central Seoul......
Any thoughts? |
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Gorgias
Joined: 27 Aug 2005
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Posted: Mon Jan 09, 2006 9:27 am Post subject: |
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I'm interested. I have a good amount of money saved up. Always wanted to do the Mickey Rourke in "Wild Orchid" thing, buy one little house and end up with hotels in Brazil. But am having trouble getting motivated to do it, and not just hord cash. I just keep thinking: "cash is the most valuable thing." Also I kind of wanted to buy a compound in Phnom Penh. PM if you want, maybe we can chat sometime. |
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seoulhiker
Joined: 24 Aug 2005
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Posted: Mon Jan 09, 2006 3:51 pm Post subject: |
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I'm up for it. I do a lot of investing in stocks, but am also interested in real estate. Thanks. |
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Yo!Chingo

Joined: 06 Dec 2005 Location: Seoul Korea
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Posted: Mon Jan 09, 2006 4:03 pm Post subject: |
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Hey I'll check and see if my hubby would be interested. He used to have a website that people would pay to access involving investing strategies and what stocks to buy. He was in high school! Did pretty well from what I understand. Still invests...I'll see if he'd want to chat. |
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ForceOne

Joined: 25 Aug 2005
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Posted: Mon Jan 09, 2006 4:40 pm Post subject: |
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I'm in. |
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steelhead

Joined: 28 Mar 2004 Location: Seoul formerly known as Victoria
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Posted: Mon Jan 09, 2006 10:19 pm Post subject: |
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Sounds like could be interesting. I know virtually nothing about stocks. However I have been doing alot of research on Real Estate. I have been kicking around the idea of returning to Canada, establishing a real estate C corporation and puchasing properties. Utilizing investing capital from Canadians currently living and working in Korea.
Most people are hesitant to invest in real estate while overseas given tax ties to Canada, but to my understanding, investing through a Corportation wouldnt tie them directly to investments
To my understanding, corportations exist as a seperate entity from investors. Like creating a person to invest on your behalf. Therefor that corporation is subject to its own tax laws.
Just my thoughts, would enjoy sitting down and having a chat with everyone. How are Sundays? what about location? |
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blunder1983
Joined: 12 Apr 2005
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Posted: Mon Jan 09, 2006 10:28 pm Post subject: |
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I'm interested
Young but got a BSc in Econ and management with a focus on entreprenurial studies. |
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joe_doufu

Joined: 09 May 2005 Location: Elsewhere
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Posted: Mon Jan 09, 2006 10:47 pm Post subject: |
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Man you guys are so much smarter than me. I learned financial responsibility by maxing out my credit cards and finally going broke after ten years of charging. Now I'm 28 and have a US$20,000 hole to climb out of (and that's just the credit card!). I hope to reach zero net worth by by 30th birthday, and then begin investing. |
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Zyzyfer

Joined: 29 Jan 2003 Location: who, what, where, when, why, how?
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Posted: Tue Jan 10, 2006 2:08 am Post subject: |
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I have very little knowledge to contribute but would be up for participating. |
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Zyzyfer

Joined: 29 Jan 2003 Location: who, what, where, when, why, how?
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Posted: Tue Jan 10, 2006 2:10 am Post subject: |
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By the by, I keep seeing investor club sorts of things listed in the K-Scene or whatever it's called. Not sure if it's shite or right, but that's another option. |
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joe_doufu

Joined: 09 May 2005 Location: Elsewhere
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Posted: Tue Jan 10, 2006 2:29 am Post subject: |
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Careful you don't reply to an ad and get sucked into a multi-level-marketing scam. Some of them are legitimate (think Mary Kay and Avon) and some are just pure pyramid scams. Anyway, they will advertise themselves as all kinds of different stuff. |
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steelhead

Joined: 28 Mar 2004 Location: Seoul formerly known as Victoria
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Posted: Tue Jan 10, 2006 5:47 am Post subject: |
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anyone know sombody with some law back ground?? I would like to get more information about corporation law.
Joe, I was there. Got my head above water now. Loans down to nothing...... almost nothing now.
I have some audio tapes that may have some good info for everyone. Rich Dad Poor Dad series. Has alot of information about evaluation of finances, and getting yourelf out of debt.
For a buck a CD I could copy them for anyone interested. Knowledge is power. I am planning to go home at the end of June for good, after almost 3 years. Would welcome anyone interested in doing some investing a well planned real estate investment scheme |
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joe_doufu

Joined: 09 May 2005 Location: Elsewhere
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Posted: Tue Jan 10, 2006 7:53 am Post subject: |
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steelhead wrote: |
I have some audio tapes that may have some good info for everyone. Rich Dad Poor Dad series. |
I've read the three key books in that series (RDPD, Cashflow Quadrant, and the other one). Are these audiobooks of the books, or something else? I'm interested, and I second your recommendation of these books to others! |
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steelhead

Joined: 28 Mar 2004 Location: Seoul formerly known as Victoria
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Posted: Tue Jan 10, 2006 3:49 pm Post subject: |
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audio books, I have downloaded about 4 ofthem.
Retire Rich Retire Young is the series I am on right now.
Its a big series. 4-5 Cd's
Joe, would you or any of the others be interested in purchasing CASHFLOW board game???
Ive heard amazingly instructional. Could be a great thing to do with a group....
Its pricy, but, I could have me roomie get it delivered to him, and have it here in March.... be great for meetings. |
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JZer
Joined: 13 Jan 2005 Location: South Korea
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Posted: Tue Jan 10, 2006 9:02 pm Post subject: |
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Quote: |
I just keep thinking: "cash is the most valuable thing." |
Too bad the electonic money you have been hoarding is not worth the paper it was printed on. If the world economy crashes again, which someday it will. Your cash will not be worth too much. |
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