In my former life (pre property developer) I worked in the cosmetics industry. One of my claims to fame was that I invented a whole new product category. A category is a group of products that have similar characteristics. For example, when you go into the grocery store, everything is categorized in aisles; so the cereal aisle will be made up of categories such as mueslis, oat products, biscuits (eg wheat bix) etc.
“Hey Jeff, just wanted to let you know that I’ve transferred some money into my super account, can you tell me the best place to invest it right now within the fund?” This was a question I asked of my financial planner yesterday. It was that time of year when I had to make the obligatory transfer of money into my managed super account to meet requirements as an employer (to myself). Each year I struggle with this: transferring cash into my super then watching it disappear into the deep, dark hole of the managed super fund then opening my bi-yearly statement to see it has disintegrated!
In the last few weeks I completed a dual occupancy project in Muswellbrook, a town in the Hunter Region of NSW. This project took two years from the time that I found the land to the time that we had both four bedroom houses tenanted at a record high of $500 per week. Sounds like a long time for a dual occ…but time was on our side.