Category: Investment

I attended the ANZ seminar yesterday. The real estate investment trusts (REITs) have average returns of 7~8% p.a. It is very attractive compared to the holding of houses in Auckland. Currently, the vacancy rate of them are so low and the gearing of them is around 35%. They are so safe as a investment. Whey Kiwi people did not want to buy them in place of their houses? They are not so interested in investing these REITs or they do not have any idea of REITs.

I am going to attend the seminar for investors arranged by ANZ Bank. Bill English, the Finance Minister in NZ, will come to the seminar. I will say hello to him. I wear the suits almost in 10 years absence. The waist of trousers is a little bid tight because I put on weight…..

I am going to apply PR (Permanent Residency) visa next week. The most important thing I have to fill out is the aiming investment in this country. I will fill up New Property Developments and listed equity investments.

I made a successful bid in the auction of the property. However, the price is over budgeted around $22,000. One of the competitors was aggressive to higher the price.

I have been writing my new book since the end of July. I finished the chapter one which insisting not resisting your government in investing property. The book will be published in November this year. I am completing the rough draft of the book by the end of August. This book contains around 6 chapters how to build up the wealth in our life.