Recent content by Homer J Simpson

What happens to the monies invested through the fund if the management arm of the company goes bust? By that I don't mean shares in the company. :confused:

this will be the last seminar for 2003

Berkshire shares are $US72 200 as of 30/07/2003. Which equates to about $A110,000.;)

Would the interest charged when using the equity in a property to obtain a cashbond still be tax deductable (since the argument is that the cashbond is needed to obtain serviceability) If the extra serviceability that it gains is not used(sits there in a form of LOC) for a financial year...

Would the interest charged when using the equity in a property to obtain a cashbond still be tax deductable (since the argument is that the cashbond is needed to obtain serviceability) If the extra serviceability that it gains is not used(sits there in a form of LOC) for a financial year...

http://law.ato.gov.au/atolaw/view.htm?docid=TPA/TA20033/NAT/ATO/00001 Can anyone comment on this?

like with all seminars, it's a question of whether you are willing to apply what you learn that counts

what is your budget?

Does anyone know about cost ?

very impressive bbg2003, would you please share with us how you got those loans? thx

Can you negatively gear your own personal income if you were to obtain a line of credit from the bank and using the whole line of credit to purchase the property in the trust name. Thus the trust owes you the interest for lending it money?

you still need to satisfy lenders serviceability to obtain a low doc

Steve, Is this a segue into your share fund? Which brings the question would you use the cashbond for investing into shares?

Do you mean that you cancelled the bond before maturity? If so, are there any penalties associated with an early withdrawl?

Re: More questions! Steve answered those questions on the night of the lauch. (1) after the initial investment subsequent contributions will not be charged entry fee (2) The fee is negotiable but there will be no 100% rebate