See my places and things I do.
www.KarenWheller.co.za
www.PropertyInvestorNetwork.co.za
www.PrePaidMeters.co.za
No - they didn't keep the money aside in case of default, or no - 10% of the bond as reserve was not enough?
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Alcocks Electrical Services | Alcocks Pest Control & Entomological Services | Alcocks Hygiene Services
Sorry Dave, yesterday I was rushing out to a meeting so I made a quick post.
In my opinion, I don't think they kept the money and it is also possible that it is a compound problem that the reserves were not planned to be enough in a real bad case scenario. More like planned for a mild case scenario, but when the bad case scenario came the reserves were not enough.
Also I did see in other cases when stuff like this happens usually one observes that reserves have been used for other stuff and depleted.
When a company like this goes down, it is usually a compound problem. I believe that if it was not - they would have gotten out of a small mess easily without hitting the media and an investigation.
This of course if my opinion and I don't deal with these people at any level.
See my places and things I do.
www.KarenWheller.co.za
www.PropertyInvestorNetwork.co.za
www.PrePaidMeters.co.za
Participation is voluntary.
Alcocks Electrical Services | Alcocks Pest Control & Entomological Services | Alcocks Hygiene Services
You have to start somewhere, and it all starts with your belief system.....
Do you believe cashflow + properties exist?
Do you believe there's a world of opportunity out there and you're entitled to your share?
Do you believe YOU CAN DO IT?
Do you have a PLAN to do it?
Once this is all in place - it happens almost by second nature........
Hi Karen
Do you still have Mark's no and email.
Thanks
Well, if it was me(as in you, I have paid off my mortgage) (and I am no financial advisor!), I would put R300k in your mortgage and chuck 100k into the stock market (a good 25k in Capitec), the rest in blue chips with decent dividends...no tax!
Why? Because it's easy! (and I am a lazy investor!)
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