Forum Archive Index - February 2004

["Russell" <allanrussell90@hotmail.com>]

Yes I read it, I generally read everything, however rarely contribute, as I
feel Im learning.
I also read the first post re Mr Bush, and comon decency dictates that
haveing listened to one side of an argument, especially if a reputation is
at stake, you will listen to the other side.
I do feel re American presidents [or any other world leaders] that you
cannot get there and be a boy scout, or have the past of one.
Mr Ross Periot [I hope I have that that right] who ran some years ago
against Mr Bush Snr, I felt " had the makeings" but was to thin skinned.
I dont think he had a chance however, but people like him can change things
just buy being there.
We have it in New Zealand where a major party, will steal a minior parties
policy once it has been sold and has legs.
I digress however, we do appreciate the effort that goes into your [and all]
posts and research.
Many thanks
Allan.

----- Original Message ----- 
From: Cristine Kerr
To: sharechat@sharechat.co.nz
Sent: Thursday, January 29, 2004 9:30 PM
Subject: Re: [sharechat] Property vs shares


Sorry Allan.

I have developed a very quick delete manoeuvre.

Regards,
Cris
----- Original Message ----- 
From: Allan Potts
To: sharechat@sharechat.co.nz
Sent: Thursday, January 29, 2004 5:25 PM
Subject: [sharechat] Property vs shares



Dear Mr. Thomas,

I'll be happy to put in my two cents worth.  Prior to that, I should
probably give you some background on my real property experience, so you can
gage the validity of the two cents worth.

I started to invest in real property in my early 20s, as a complete novice,
in order to supplement my working income.  Much later on in life, after I
had made some very good money in these real property investments, I obtained
a real estate salesman's license, later on a real estate brokers license and
after not doing so well at that took up real estate appraisal.

I eventually was awarded the MAI designation in real property appraisal
where I was deemed qualified to appraise just about any   property from real
property easements to skyscrapers.  I did both and many in between and
retired at the age of 55.  The MAI designation is considered to be the
highest real estate appraisal designation in the U.S.  Equivalent to the CPA
in accounting and   perhaps similar to your Royal Chartered Valuers (as I
understand it)

OK, having said that, my experience has been that you can make the most
money by buying and managing the real property yourself, providing you have
a flair for it and are willing to work hard at it as almost a second job.  I
did very well at it and count my real  property investments as the best
investments I've ever made.

Now however, since I'm retired and we do much traveling and I've limited
myself to real property shares.  Nowhere near as much money, however,
freedom to travel, less headaches, aggravation, government interference and
day to day bother.

Another option, which frankly I've never pursued, is to find a very
competent and honest broker to manage your  properties I'm thinking of
commercial/industrial here)  Since I've also spent a lifetime in the share
markets and all during that time found only one share broker who know what
he was doing, I don't know how successful this option might be.  No opinion
one way or another  on this, but certainly an option to be considered.

Good luck to you in you real property investments, no matter which way you
choose to go.

As an aside, did anyone read my "Misleading hit piece on George W"  post or
did the supposed attachment, which really wasn't an attachment scare you off
from opening it?  It actually was not an attachment took me 3 hours to
produce and was indeed safe.

Allan




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