Forum Archive Index - April 2000

[kevin.young@gfmb.co.nz]

Hi Oliver

You have done really well for yourself and you are basically on the right track.

You are 22 got a great job in terms of the ability to generate income. Most
financial planners will tell you to spread your eggs so that if one breaks
hopefully the others will not. The returns most financial planners will tell you
is around 5% to 15% per annum. This is great if you want to be safe and average.

If you want to be rich then you need think differently. You need to change your
perception of money, you need to increase your financial education and you need
to change your investment style. I have never made any decent money following
the sharemarket. You tend to win some and lose some. Most of my money is made
from investing on the ground floor i.e. private placements. companies prior to
an IPO etc. There are a few around and you don't need big dollars.

Hope this helps

Kevin


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