Ok - so Im looking for some advice from the more seasoned investors. So Ill give you a bit of my background.
I have been actively involved with property investments for the last 7 years or so and have built up quite a nice property portfolio (5 active investment properties and 3 non active). However I have recently come to a stand still because the banks refuse to lend me anymore more money (the classic cashflow short fall scenario).
I earn a very above average wage and have basically zero living expenses (I own my own home, I dont have a car, family, etc and my company pays my living).
At only 27yo I am targeting 'retirment' (ie living off passive income) by age 35. Until the last 3 months or so I have been dead on target - however - the banks aren;t playing the game.
My 'method' of purchasing property is 'conservative' in that I must meet my monthly repayments (ie I refuse to capitalise interest) - so it is a drain on my cashflow.
A couple of years ago I went to a hometrader course - and am none the wiser having now blown $4,000.
My goals are pretty straight forward. I would like to generate regular (1/4ly) cashflow from trading. My initial budget is pretty small ($20k), with any profits being used for debt reduction. As cash becomes more redily available I will increase the amount traded.
I have some experiance with purchasing shares, with mixed success. Generally however any trading has been speculative, without any direction.
So how can you help?
I would like to know where to start. To develop a system, find tools, set goals, and start trading - without blowing another $4,000 in "education".
What tools do you use?
In return if you have any queries regarding property investment or banking/finance (I worked in corporate finance for 6 years) please let me know - or PM me.
Cheers to all