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Thoughts on a new investment product

Discussion in 'ASX Stock Chat' started by basilio, Jan 30, 2017.

sentifi.com

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  1. Valued

    Valued

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    Is the idea like this one:

    It was pitched on shark tank some time ago. That video was uploaded this month but I think it was pitched 3 years ago or so. Interestingly, his company was acquired later on. The person himself though may not have been able to sell the company well. The sharks were concerned with liquidity problems. Mark Cuban hated the idea. They were also concerned generally with the fact that you can just go buy a REIT and have huge liquidity so why would anyone invest in the model.
     
  2. tech/a

    tech/a No Ordinary Duck

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    One rule
    If you can't control it don't do it
    Served me well
     
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  3. Valued

    Valued

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    This explains why ducks don't go to the dentist.
     
  4. Boggo

    Boggo

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    You can control a dentist. When he leans your chair back you reach out and grab him by the goolies and just say "we are not going to hurt one another today are we" :eek:
     
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  5. Klogg

    Klogg

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    You're right on the townhouses/apartments thing, but as for the suburb choice, the wording they use is:
    "a portfolio of residential properties located in established suburbs in metropolitan Melbourne"

    They also say:
    "The funds objective is to acquire properties that have the capacity to produce capital returns over the medium to long term."

    It doesn't say anything about high-end suburbs, only suburbs that are in metro Melbourne, not under construction and "have the capacity to produce capital returns"... So that means any suburb in Melbourne that is established - Melton, Frankston, Dandenong, Sunshine all qualify for this.
     
  6. tech/a

    tech/a No Ordinary Duck

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    Ducks clean and floss.
     
  7. basilio

    basilio

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    Thanks Klogg. Perhaps there are different statements in different parts of the website. I saw these ones.

    "The House Buyers United Fund
    enables like-minded residential property investors to gain exposure to quality residential properties situated in prime locations in Melbourne's upper-end-of-the-market suburbs that have been carefully selected for their perceived potential for secure long-term capital growth."
    =
    "[​IMG] The Fund that ...
    DOES NOT COMPROMISE

    on the quality of the residential properties it carefully selects from those located in prime positions in upper-end-of-the-market Melbourne suburbs."

    http://housebuyersunited.com.au/hbufund/how-hbu-works/

    My understanding is the focus is solely on prime property in the upper end of the market suburbs. Whether that is the best strategy is another question.
     
  8. Klogg

    Klogg

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    That's the website. The Product Disclosure Statement says something else...
    ASIC review the PDS, not their website.
     
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