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Investors Direct

Discussion in 'Finance & Banking' started by Triu, 1st Aug, 2007.

  1. Triu

    Triu Well-Known Member

    Joined:
    1st Sep, 2006
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    161
    Location:
    WA
    Hi has anyone used this company and their financial strategies or heard of Bill Zheng. were they happy with the service they received.
     
  2. coopranos

    coopranos Well-Known Member

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    11th Oct, 2006
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    Location:
    Perth
    I heard Bill at a seminar. I was very very impressed by his talk, I think he has a fantastic understanding of how to view money and debt as a tool for a better future.
    As for Investors Direct, my personal opinion is that they are probably not going to be as good as a well chosen, experienced broker. I called them once and they said "we will get someone to ring you back". Never got a call, if they cant get off their butts enough to actually get business, I am not too confident about how they would be in their day to day service
     
  3. Triu

    Triu Well-Known Member

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    1st Sep, 2006
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    Location:
    WA
    Hi Copranos do you know of any good finance brokers that are good with a financial strategy to help purchase multiple properties. Investors Direct have told me that they have a finance strategist that can help me plan to go forward and how structure it properly etc.

    I have one meeting with one broker but he left and did not really tell me anything new apart from how much i can borrow.
     
  4. Saskatoon

    Saskatoon Well-Known Member

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    17th Oct, 2005
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    67
    Location:
    Aldgate, SA
    Hi Triu,
    financial planners and finance brokers are two different critters! A finance broker is not allowed to give you financial planning advice. I am a finance broker but not able to give advice on strategies, only on the choice of finance once the planning is done.
     
  5. coopranos

    coopranos Well-Known Member

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    11th Oct, 2006
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    Location:
    Perth
    You may be barking up the wrong tree mate, the job of a broker is to get you as much money as possible at the best deal possible.

    I understand a few brokers try to "value add" by giving some financial planning ideas etc. Take what you can get from that but I havent seen anything above a very basic level. Its up to you to come up with the plan, and your broker to work out the finance for your next step in the plan.
     
  6. Nigel Ward

    Nigel Ward Team InvestEd

    Joined:
    10th Jun, 2005
    Posts:
    1,172
    Bill Zheng is a very clever guy. But the term "finance strategist" is just marketing spin. Investors Direct may have some good finance brokers but there are plenty of great experienced mortgage brokers who can give you strategic advice about how to structure your borrowings without the silly title...

    Rolf Latham is one I can personally recommend very highly...

    Simon Macks (mighty mouse avatar) also frequents this forum. I haven't used him but from his excellent posts here it's evident he knows what he's doing!

    Cheers
    N.
     
  7. Redwing

    Redwing Well-Known Member

    Joined:
    9th Jun, 2006
    Posts:
    476
    Location:
    PERTH..WA
    Was that Glen; If so I believe he's gone back to Options and Futures Trading


    Agreed here, but many people probably expect more after listening to Bill speak and in most, people are looking to refine their strategy (okay..me at least :D ) as they progress; I've spoken to them as have many others I know to see what they offer
     
  8. Triu

    Triu Well-Known Member

    Joined:
    1st Sep, 2006
    Posts:
    161
    Location:
    WA
    Hi Redwing yes it was Glenn i was somewhat disillusioned with the advice. Did not really set out a plan for me to purchase further properties. I think again i might be conned by the marketing spin. Which lately is happening alot to me.

    ahhhhh oh well back to the drawing board.
     
  9. artgul

    artgul Well-Known Member

    Joined:
    16th Aug, 2005
    Posts:
    77
    Location:
    Sydney
    Hi Triu,

    As the others, I really like listening and some times learning from Bill. he is really a guru. However, IMO, his team of brokers are not up to his level which is a disappointment since, you'd never deal with him directly. Also, IMO again, they tend to approach you with a one size fits all kind of mentality or the mass production type of burguer (let's say makers). Personally, I don't think that the makers burguer can compete against a personalise home made one. That's why I prefer to deal directly with a knowledge broker even though if he doesn't call himself "Finance Strategist" :D

    My 2 cents,

    artgul
     
  10. Mark Laszczuk

    Mark Laszczuk Well-Known Member

    Joined:
    16th Aug, 2005
    Posts:
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    Location:
    Brisbane
    Triu,

    A mortgage broker CANNOT give you financial advice (unless they are a licenced planner or A.R. of one) as several other people have already told you. That includes buying investment properties.

    Mark