Thursday, February 26, 2015

Australian killed fighting Islamic State named as Ashley Kent Johnston

An Australian killed fighting for the Kurds against Islamic State in northern Syria - and thought to be the first Westerner to die in battle against IS – has been identified as 28 year-old Ashley Kent Johnston.
Mr Johnston, born in Maryborough, Queensland, is believed to have been a resident of the ACT before joining the fight against IS in Syria and Iraqi Kurdistan.
A man reported killed fighting against Islamic State in Syria, and identified as 28-year-old Australian Ashley Kent Johnston.

Seriously can't believe the SMH is encouraging this...... Shows what a farce Australian policies have become.

Raise money for this group.....good.
Raise money for that group....go to jail.
Shoot people in the head while wearing this colour.....good.
Shoot people in the head while wearing that colour....cancel your passport and go to jail.
It's all Bloods and Crips and I can't believe voters aren't revolting in the streets

2 year treasuries

So supposedly we are in the biggest bull market out there.....yet 2 year treasuries are down to 0.6%

1/ What is everyone so afraid of that they are prepared to lend money almost 2%-3% below inflation
2/ Who are these people!!! and how do I get to borrow money at 0.6% !!!! lol that would make an excellent mortgage rate!!

Wednesday, February 25, 2015

Things you see in New York......

Just randomly came across this video on my computer that I shot in 2012.... cheered me up and reminded me why I like living in New York.

Tony Abbott's #TeamAustralia

Really disappointed at how racist Australia seems to be getting lately....and sorry may be a little simplistic but I blame this on Tony Abbott's #TeamAustralia and his attitudes.

Some of the comments I'm reading in SMH articles etc are just outrageous and yes I know like listening to talk back radio its "a section of the community" but the fact that its so blatant is disturbing.

So why arent police going to jail?

Yep....this is what our government has sunk to. Pardoning criminals in sweetheart deal because police broke the law....yet no police are going to jail.


Tuesday, February 24, 2015

Yahoo's security boss faces down NSA director over crypto ban

Great point, so President Obama….when the Chinese announce every hard drive manufactured in China will have an accessible backdoor in the firmware…..we should just accept it as a cost of living in 2014…..


"0 to 260+ properties in 7 years" a critical review

I'd recently come across website that is run by the guy who wrote the book "0 to 260+ Properties in 7 Years" ,I'd actually learnt some interesting things off the website reading peoples various comments and thought I'd order the book

Within the first 20 or 30 pages there were a couple of things I just thought this is just plain wrong, but ok....the book is a few years old give it a chance as figures are changed and yes he wants to encourage positive gearing so fair enough ....but seriously no way are you buying a Sydney property for $400k that earns you $500 a week in rent (using averages from what I've seen you are closer to $320 pw depending on if you calculate management fees or not....) and that's not the worst example of "rubber figures" in the book.

But where I lost it is when I got to page 97 where it suggests Vanessa should sell her primary home at a current value of $1.3m with $350k mortgage and using the equity purchase more rental properties which will enable her to buy "an even better home later"........which make the authors calculations work out nicely.

1/ Vanessa and her family will need to be paying rent for the next few years while she "makes the pot of gold at the end of the rainbow"
2/ Vanessa will need to pay stamp duty "again" on her primary residence when she "RE"purchases it.
3/ Vanessa's primary home is going to go up at about 8% per annum as unless she's making an extra $108,000 a year from the additional rental properties she's acquired........her primary home is costing her more later than she's made from selling it.

I challenge anyone to read this book without throwing it at the wall at least a few times.

Having said that I ploughed through the rest of it as the book is paid for (and I think I did pretty well reading 97 pages in one sitting) but did an editor let this go to press without critical review is beyond me.

If you are on the fence about investing you I encourage you to read this book as its good for you in the long run.......think of it like forced savings, but with the added advantage of leverage.

If you are an experienced investor you can afford to lose the $20 this costs you however if you think there is a secret in this book on how to get to 260 properties (and seeing the author talks about selling often....I think there should be an asterisk with how many he held at any one particular its more of a property flip book than a property buy and hold and live off the rental returns book).

But in the end I'm glad I read it.........though I wish some of my money went to an editor rather than an amateurish first draft self publication style book.

CNBC reporting "their version"

Russia may seek to destabilize other countries than Ukraine – and that it is doing this partly through the countries' minority parties.

Vladimir Putin

lol WTF CNBC??

Are you seriously going to skip over the whole part where the USA funded the overthrow of the Russian leaning political party in Ukraine that caused all this mess in the first part?

Or how they supported the overthrow of the elected government in Egypt?

If you are going to rewrite least try something a little more subtle......

Sunday, February 22, 2015

Feb 22 solar killshot

I find it hugely interesting to read the comments in this shows the whole spectrum of human emotional views.......

BTW anyone surprised that this didn't make the news? yawn yep yet again we squabble over crumbs rather than paying attention to whats important......

Rich pensioners

The oldies who have spent their lives, Scrooge-like, hoarding dough, surfing the economic boom and profiting from the explosion in house prices, only to arrange their retirement affairs so that they are still able to hold their hand out to the taxpayer at the end of it

Uhm so if I spend my whole life pissing my salary up against the wall on Friday nights at the pub I get $400 pension after paying taxes my whole life.......

But if I save my money and invest in a house.......the government says piss off you have too expensive a house for us to consider giving you a pension.

I think JacquelineMaley needs her head read.

Friday, February 20, 2015

Sunreef Yachts

What kind of cruel cruel bastards post this in their timeline today of all days