Recent content by ermen

Hi rolf, Thanks for your reply. Yes, intention is to remove my name once place is paid off (I know that there will be stamp duty implications).

Hi, was wondering if anybody will be able to provide general advice on the situation below 1. Want to buy a $500k property with my parents name on it (tenants in common or joint tenants) 2. Intend to get a $400k loan - I am the only one earning an income and assets are high enough to...

Looks like I'm late to the party on this issue but would like to add my 2c worth 1. Philosophically, I think that in the interest of levelling the playing field, it is probably fair to levy the GST for purchases less than A$1,000 in the absence of costs involved in collecting the GST at...

The beautiful thing about investing is that one can draw two different sets of opposing conclusions from the same set of data...

I second the site pricescope.com - there is a ton of good information there To the OP's point 20pts refers to carats - i.e. 0.20crts. I also believe that 18w could possibly mean 18k white gold. In anycase, if you are looking for the "ratings" for the 4 C (i.e. cut, colour, clarity...

That is probably right. A partner managing director (PMD) at Goldman I hear makes a $600k yearly base and a basic $2m bonus. Then anything on and above that depends on which business you run and how much revenue it contributes. Its not uncommon to be getting $5m+ as basic comp at that level. I...

sorry I am not understanding this fully what will your rate be once your fixed rate rolls off?

ANZ Bank: Standard Variable Mortgate Rate Rises 39 Basis Points To 7.80%

I find this ironic. Most people here have no qualms about pushing on rent increases to tenants but complain (fairly so) when banks pass on increased rates. Looking at it from the point of the tenant, the landlord is already making 20%+ equity IRRs so they should be able to afford to absorb...

You have to call them up on the day.. and when you go there the rates moves around based on spot... I don't think they are more than 1% away from spot Btw.. the trade now is to Long USD, Short US equities :)

http://www.kvbkunlun.com/en/html/product/forex/personal.aspx I second babushka on the company. Quite competitive in my opinion as physical FX rates they give you are quite close to spot and better than everyone i've seen anyway. My experience was not that bad... but was buying JPY instead...

ORGANISED strike - No. Too many disparate parties But people not buying - possibly. That was what happened with corpoate Australia during the GFC Vendors expectations too high Buyers expectation too low The bid-offer spread never really came in hence low M&A activity like someone else...

That is a blog on Modern Monetary Theory (MMT) though people hate it being called a theory because it is just a description of how the monetary system works under a non-convertible floating exchange rate regime (e.g. US, Japan, Australia...) From a US perspective, what people don't understand...

1/ QE 2/ Combination of both - the Fed essentially swaps bonds (i.e. savings) for "cash" - theory being that the more excess reserves that banks have, the more they are inclined to lend. Can do this on the open market or calling up the banks to turn in their Treasuries 3/ Down i.e. price up...

RightValue, I totally agree with you. As I mentioned in a previous post in this thread, it is impossible for the US to go bankrupt being a sovereign issuer with monopoly currency issue rights. There are certain things that people here don't understand - the US government no longer lives in a...