Recent content by greedy2000

I think it was the "I've totally discounted the headstart that my parents have afforded me" edition

2 points. 1st, she reminds me a lot of that Belle Gibson woman who faked having brain cancer. 2nd, there was a study done where they observed 2 people playing monopoly. 1 player was given twice the funds to begin with and other advantages. that player obviously won in most cases. in...

fullylucky is this your place? http://www.news.com.au/finance/real-estate/beds-in-a-house-built-for-three-experts-called-in-to-bust-filthy-illegal-accommodation-in-sydney/story-fncq3era-1227400280243

++100 The problem you have is there is always something new around the corner. Yes Facebook is popular now, but just around the corner is the next best thing. Something that will sink Facebook.

every client I speak to about retirement planning who doesn't have much $$$ usually starts the conversation with.... " Yeah I don't have much in super, I was self employed for a while...." Do yourself a favor and just put money in your super, treat it like a tax on your income. and...

Great southern offered a 100% tax deduction on their agriculture investments. They also lent you as money to purchase their investments as well. That all ended well didn't? MRO is right don't do something just because of a tax deduction (expect for contributing to super :) )

its still yours to invest, you can do what ever you want with it, you just can't touch it for a very long time thats all.....

Salary Sacrifice to super up to your limits ($30K <50, $35K>50). on an income of $150K. assuming you're under 50 you could do say $15,000 pa to super. This would save you about $3,650 pa in tax and instead of wasting money you'll have improved your net financial position.

so there hasn't been a recession in 24 years. I think most people have forgotten what a recession is like. I'm too young to have experienced it in my working life like a lot of people in the sub 50 age group. A recession is not just a blip in a graph when it happens, there can be big...

love the positiveness on Somersoft, everything is a boom lol. if there is a recession prices will go down. If people are losing their jobs, confidence is shattered, banks are tightening lending standards, house's being foreclosed etc etc, property ain't gonna go up.. I'm sure there will...

if we didn't allow foreign investment in this country our construction industry would grind to a halt. I'm sure the Govt would like an easy vote by banning or reducing Foreign investment, but they know how much we need the $$$. Let the Chinese come in and pay too much for property. when...

- Aussie Dollar would drop - Imports would become more expensive, inflation rate would rise as a result. - This would be potentially better for our economy as our terms of trade would increase. - Over time cause our rates to raise.

grew up West Philadelphia, only son of a single mother. Got into trouble after school one day so my mother shipped me off to stay with my wealthy Aunt and Uncle on the otherside of the country. sent me by cab, couldn't afford a plane ticket used my streets smarts, eventually became...

2.3% yield is after tax and interest expenses (which you have ignored), you then get capital gains on shares on top of that (just like property). Obviously you wouldn't buy just one share, but it was just an example. in your example: $1,000,000 debt @ 4.5% = -$45,000 $80,000 Rent...

ANZ $32 pa / Dividends $1.81 pa / Yield 5.65% / 100% franked Borrow $1,000,000 and purchase 31,250 shares. Provides and income of $56,562 pa + $24,240 pa Franking Credits Assume Interest (line of credit, not margin loan) = 4.5% pa, tax rate 34.50% Assessable income = $80,802 (grossed up...