Investing

[Reeks]

Well this thread certainly took off.

I do enjoy reading everyone's advice and I figured I owed it to you all to give you a wrap up of where we are headed.

So we already have a viable income drawing investment, as well as wages,
as sums are concerned it makes us enough each month that if we didn't want to work, we wouldn't need too.

The considerations have been for gold bearing land and then detect it to know end with the zed and 2300,

Or another business of some sort, maybe a cafe, still playing with that idea,

The more positive one is a motorhome and just travel around oz following good gold detecting weather. We're both still young 30 - 40yrs old, travelling we estimate we could manage easily for 2 to 3yrs. The motorhome would be an outright purchase and our other investment covers cost and provides an ability to still save considerably every month.

We're going to sit on it for a couple of months and wait until after Xmas, getting the silly season out of the way.

Again, thanks to all that have shared their thoughts. I've enjoyed the read.

Me and my gf are in a similar situation currently and we are planning on travelling early/mid next year.
I have been looking at motor homes recently and am in the market for a 4x4 Isuzu/canter
We are also similar age 28 and 31.
The plan is to see as much of Aus while we are still young and no kids, and maybe find some yellow along the way.
It's a big move but we both want to do it.
Good luck and we might just cross paths you never know

 

[Gold trooper]

Well this thread certainly took off.

I do enjoy reading everyone's advice and I figured I owed it to you all to give you a wrap up of where we are headed.

So we already have a viable income drawing investment, as well as wages,
as sums are concerned it makes us enough each month that if we didn't want to work, we wouldn't need too.

The considerations have been for gold bearing land and then detect it to know end with the zed and 2300,

Or another business of some sort, maybe a cafe, still playing with that idea,

The more positive one is a motorhome and just travel around oz following good gold detecting weather. We're both still young 30 - 40yrs old, travelling we estimate we could manage easily for 2 to 3yrs. The motorhome would be an outright purchase and our other investment covers cost and provides an ability to still save considerably every month.

We're going to sit on it for a couple of months and wait until after Xmas, getting the silly season out of the way.

Again, thanks to all that have shared their thoughts. I've enjoyed the read.

Me and my gf are in a similar situation currently and we are planning on travelling early/mid next year.
I have been looking at motor homes recently and am in the market for a 4x4 Isuzu/canter
We are also similar age 28 and 31.
The plan is to see as much of Aus while we are still young and no kids, and maybe find some yellow along the way.
It's a big move but we both want to do it.
Good luck and we might just cross paths you never know

We just think it's too good of an oportunity to let go.
Financially we can do it comfortably for 3yrs. The biggest issue is deciding what to do with our house and contents and cars.

The issue is deciding on motorhome size and if we tow a little Suzuki or not.

 

[Goldtarget]

Just rolled a few dollars into a venture today, liquidated business IP. I bet my dollars to bullion in 3 years I'll be ahead. Not as fun as cocaine but puts a smile on my face. BBusiness branded ppe was worth more than I paid alone.

Is this your mates business you wrote about a month or two back ?
What happened if it is ? Is he involved in any way?
GT

Wow the thread really opened up haha.
Yes mate same business. Spoke with liquidators about the IP and then him, then negotiations about price. Likely I will renew the online presence immediately to reach out to previous suppliers/contacts and explain, scout out a good lease over the next 12 months, move some equipment there and put a sign up out the front. In the meantime I'll keep my venture moving and merge the two at a convenient time.
After I will sell as a going concern, reset and do same again in another service area.

Everyone wants to sack the boss but they want to start at year 4 or 5 standard. I've sold a few startups, sold a fully developed business and will do to till I take a dirt nap. Buyers want all the value without the hassle, so I build it, develop it, sell it.

This one was already built and taken apart. So ill put what I've been building beside it merge it and almost certainly sell it when I'm ready whilst cutting some steady returns off in the meantime.

Previous ventures have been bait supply, cleaning company, painting work, wholesale online razors, and the last one (a lot bigger) my truck and associated business and equipment.

The online razor bloke still makes a mint, painting van has expanded.
All the others went out of business within 12 months but hey, if you own it you can run it how you like.

As I said earlier I'm a dumb truck, but there's some money in selling a successful start up. You just got to have the guts to get it going.

 

[goldtruck59]

Just rolled a few dollars into a venture today, liquidated business IP. I bet my dollars to bullion in 3 years I'll be ahead. Not as fun as cocaine but puts a smile on my face. BBusiness branded ppe was worth more than I paid alone.

Is this your mates business you wrote about a month or two back ?
What happened if it is ? Is he involved in any way?
GT

Wow the thread really opened up haha.
Yes mate same business. Spoke with liquidators about the IP and then him, then negotiations about price. Likely I will renew the online presence immediately to reach out to previous suppliers/contacts and explain, scout out a good lease over the next 12 months, move some equipment there and put a sign up out the front. In the meantime I'll keep my venture moving and merge the two at a convenient time.
After I will sell as a going concern, reset and do same again in another service area.

Everyone wants to sack the boss but they want to start at year 4 or 5 standard. I've sold a few startups, sold a fully developed business and will do to till I take a dirt nap. Buyers want all the value without the hassle, so I build it, develop it, sell it.

This one was already built and taken apart. So ill put what I've been building beside it merge it and almost certainly sell it when I'm ready whilst cutting some steady returns off in the meantime.

Previous ventures have been bait supply, cleaning company, painting work, wholesale online razors, and the last one (a lot bigger) my truck and associated business and equipment.

The online razor bloke still makes a mint, painting van has expanded.
All the others went out of business within 12 months but hey, if you own it you can run it how you like.

As I said earlier I'm a dumb truck, but there's some money in selling a successful start up. You just got to have the guts to get it going.

Well I wish you luck, I do the same.
I just recall an emotive side of the story from you when you first mentioned the demise of the business and wondered if that's why you became involved and if the fellow that went into receivership was involved with you.
Business is tough but if you are in a business or built it, you would never do anything else. Its the old sheep and shepherd analogy I guess.
Cheers
GT

 

[Goldtarget]

He talked me into it in a way yes.
Still you know what they say about friends and business.
I still bought it for a song.
We will still catch up over a meal regularly, and I think both he and I are in a better place now everything's nearly over for him.
Who knows what the future holds?
He still is one of the smartest and most informed players in the state in that area. Still a mentor. I will sure miss working with/for him, hence the emotion and wanting to help.

 

[nucopia]

i have really enjoyed reading the posts on this thread and the insights into how some members handle their investments and such.
There was a time about 7-8 years ago when I was able to live relativly cheaply and still draw down a good income to pay the bills and cover the needs of my family.
Most of the savings I had at that time, I let accumulate in the bank and after a while I started to think about what I could do with it to put it to work for me.
I ended up buying into the stock market. I bought what I thought would not lose me money and which might make me money. Dont we all..
I still have those same investments now. A few of them gave me to option to reinvestment in more share , rather then recieving a dividend.
A few years ago I would almost daily get on line to check where my portfolio was, to see if I was up or down making money or losing it.
Its been about 18 months since I did that, simply because I had no money to invest and I just never worried about what I had invested already.
Today I logged on to look at my account and to my surprise I have doubled the initial investment and increased my portfolio becuse of dividend reinvestment.
My advice to any one investing, feel comfortable with the amount you invest and what you invest it in.
Dont look for fast profit or have an expectation you are going to make a fortune over night.
Keep your risk at a level you can set and forget and do a little bit of home work before to put your money down.

 

[aussiefarmer]

Delorean

found one ramjet might need more than $50 k

 

[Westaus]

Just for something different seeing the post has taken a wider scope which is great.

Timing (Again) if you look at the below examples and how quick things can move or change and how would your investing strategies work?

Around 2005 GPS became usable for anyone who wanted it - https://personalgps.wordpress.com/history-2/ and mines everywhere have been using it to map their sites for various reasons. New opportunities in GPS units, software Uniden, Motorolla again had new life in their range. New companies such as Tom Tom had started to emerge.

With computing power getting better and using GPS for accurate mapping around 2010 (some earlier) started offering simulator training which they were able to train drivers to the mines exact 2D model and have specialy designed cabs and so on. Here is an example

[video=480,360]https://www.youtube.com/watch?v=UXYKcrVsTgM[/video]

This sparked a wave of investment in these companies and drove down costs for mining operations as they didn't need the equipment off doing training etc... This has worked well and will continue to for some time into the future no doubt, however there is a new kid on the block.

Recently released Rio Tinto has implemented "Driverless Trucks, Drill Rigs etc..." so now all of the above is obsolete, or will be at some stage.

[video=480,360]https://www.youtube.com/watch?v=9l_EbGLItyY[/video] At 2.00 min mark for trucks.

So within 10 years there have been several opportunities to diversify and invest, all of which would have at some stage in their release made people some good money. Looking forward where are the investment opportunities in the future? Would all this investment give Rio Tinto an edge over their competitors in the way they mine their resources. Example in video - One operator = 2 drill rigs (have to save $100Kea) x 10 you have a $1,000,000.00 saving. Apply to a few mines it starts to add up. You also reduce costs of the FIFO and stresses associated.

What will the next 20 or 50 years bring, hence my comment about the biggest investment probably has not even been invented yet. It is "we don't know, what we don't know"!