My First Million Dollar

My first Million Dollars After I sell the 1 bed room 1 bathroom apartment, I should achieve a profit of more than a Million HKD. This will be my first million dollar profit from investment. Having found the price range for 1 bedroom apartment is selling around 2.3 Million to 2.5 Million in Macau. I have lower my sale price to 2,380,000. I want to get this deal settle ASAP. As I have a feeling the property boom in Macau won't last very long

Combo Trend Rider

Combo Trend Rider Lately I have been focusing on perfecting my own trading system which I named Combo Trend Rider. This name come from the fact that I only put on a trade when the short term trend meet with the long term trend. This system has a positive expectancy value with an expected ROI of 10-20 annually if Risk 2% of equity per trade. I am at the final stage of debugging the system.

Macao Apartment for Sale

After some cleaning and minor alteration. My small 1 bed/1 bathroom apartment is ready for sale. I Have listed the property with 3 different agents with a Sale price of $2,580,000 HKD. Now what I can do is to wait for the agents do their job.

My latest Plan or System to Wealth

My plan or System to wealth 2014 I have conclude the following means to achieve my goal to financial freedom. It can be divided in two board category Cashflow deal and Capital Gain deal. For Cashflow deal I have UK real estate apartment investment and Australia real estate. For Capital Gain, I have investing in index Exchange trade fund and trading Callable Bull/Bear Contracts in the HK market. I plan to amass enough cash in order to purchase cashflow deal. BTW My tenant in my Macau investment property has just end his tenancy and I am planning to sell the property to realized a profit of $1250000 HKD. This fund should be able to cover my Australia investment.

Fund raising for Australia off the plan property

As last 2 posts I mention able buying an Australia property with a negotiation of 5% down. Which is about 30000 AUD. Actually I don't really have that enough money at the moment, cause I have my commitment with the Glasgow Student accommodation project which required me to pay GBP 30000 at the beginning of SEPT 2014. And my Account just barely had GBP 30000 (in HKD). So I need to raise a quick 30000 AUD. With a quick look at banks in Macau. I have successful applied for a personal loan in Macau, reason use as investment fund. I got a $250000 MOP loan, five year term with fixed interest rate of 4.32% PA. The $250000 MOP is equal to AUD 31000. Which is enough to cover the 5% for the down payment. And 2 days ago, I just went to HK to sign the contract of SALE for the Apartment with the Lawyer in Australia using Skype to witness the process. So everything went smoothly. For the remaining 5% percent. I will talk about it on next coming post able how will I come up with the money. Lesson in this was, never let nothing having enough money to stop you from doing deal.


Article by Macao Millionaire Doctor
www.macaomillionairedoctor.blogspot.com

System or Path to Wealth Creation

In my mind there is three main action for the system of ultimate Wealth Creation. First you need an Million Dollar Idea then Second you need a Burning desire to achieve you goal. Then the Last action is to have Fearless Action in making the Million Dollar idea into Reality. That the formula for success. Article by Macao Millionaire Doctor www.macaomillionairedoctor.blogspot.com

August 2014 Update. Buying Real estate in Australia.

During last weekend, I went to a Australia Off the plan real estate promotion event in Macau. The project name is The Altus, located in Docklands, Melbourne. Since I did my tertiary education in Australia, graduate from Monash Uni in Medicine. Australia is like a second home to me. I always felt like buying some real estate in Australia for long term investment purpose. I came across this 2 bedroom, 1 bathroom, 1 car space dealing cost AUD 579,700. The developer required 10% down within 1 week and settlement in 2 years time when the project is come. The location I think it idea with close to city Melbourne CBD and the Docklands it one of the government largest urban renewal project. There is a lot of potential in the location. With some funding issue, I had the developer adjust some term and price for me. With 5% down paid within 1 week and another 5% in 3 months time and small discount on the price of 4700 to be rebate on settlement. This seem a good opportunity for me to buy something in Australia. So I have pay the reservation fee to reserve my spot. I will talk about the fund raising issue on my next post. Article by Macao Millionaire Doctor www.macaomillionairedoctor.blogspot.com