Hey, nice planet - I think we'll buy it
Investors sick of the same old, same old from desperate Gold Coast property developers with white shoes should take heart with an inno-vative scheme.
Investors sick of the same old, same old from desperate Gold Coast property developers with white shoes should take heart with an inno-vative scheme.
Select investors have been offered the opportunity to snap up their own bit of paradise for prices which are literally out of this world. Yes for 10 measly bucks, punters can pick up their own pocket of planet Mars.
Surely, this is an opportunity to get in on the ground floor. Okay, no-one (bar Arnold Schwarzenegger) has visited our red neighbour, it must only be a matter of time before interplanetry travel is as com-mon as a stroll to the corner shops. Think of the resort potential - balmy one day....
The investment scheme, picked up through ASIC's new Gull Award scheme, is distributed by email and offers cash-only land packages of between 100 and 10,000 hectares on Mars. For as little as $10, the Mars Land Authority, based in Dandenong, Victoria will send you a deed certificate outlining the lot boundaries which could include the picturesque Mountain View region or the less attractive Polar region.
A Sydney man, Mike Miller, blew the golden opportunity by reporting the scheme to the investment cops who are making noises about closing it down. Amazing what some people will do for a $50 cheque from ASIC.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.