Thanks all for a good night.
It is great to have a chat to like minded people. Interesting to see/hear first hand how different people's approaches can be to a similar journey.
Looking forward to the next one.
Dean
Sounds great Skater. I will be there. Met you and Bargain Hunter at Glebe a couple of years back just before xmas.
Great to meet you too Nathan if you can make it.
Haven't been active on here for a long time now but have bought 1 IP in the meantime.
I met a bloke the other week and when I asked him what he did, I like the way he put it. He simply said "I am one of the lucky ones".
I thought this was a good way to say it as it didn't come across arrogant at all.
Turns out he ran a business and sold it off and he walked with a big...
Hey beachgurl,
With less than half the population paying off a PPOR, it leaves more than half who own PPOR's along with people paying below market rent to continue spending unaffected by increasing interest bills each month.
One of the main reasons why we have had so many successive...
Congratulations Dazzling.
I have enjoyed reading your posts in recent months.
Your story is very inspirational for a newbie (like me) starting out on this journey.
Enjoy your family.
Best regards
Dean
Hi Louise,
Thanks for your response, a SMSF is a great alternative -that way she has more control rather than some financial planner placing restrictions on her for the long term.
In terms of diving in soonish, I reckon that is the way to go. The way I see it, shares have fallen so much...
I have discussed with her that share prices will fluctuate and that her timing is excellent for buying shares, I have told her she should expect 7% return as a ball park figure. In terms of her life expectancy, who knows but she seems fairly healthy, i guess average life expectancy is mid 80's...
Alex,
She wants to preserve the capital which we assume will grow over time and live off the returns of investing it whether that is an allocated pension from super, dividends from shares, rent from property or perhaps a cash deposit (no growth with cash if she spends the interest each year)...
Thank you all for your interest and responses.
Some good advice there.
Nougati & stu, I see your point about the tax free benefits of super.
Maniyak, good point on whether the fin planner is charging a fee for the service or receiving on going comms. I will double check that.
jrc, i...
Hi all,
I am looking for some feedback as to the advice I have given a relative in recent days.
Due to a loss in the family, I have a relo (Age 56) looking to invest about $1.2Million. She owns her PPOR.
She has seen a financial planner who has suggested putting it all into super...
I have noticed this too in recent years. I put it down to everyone being so "busy" and no one has any time anymore. I think a lack of spare time creates a sense of self importance in general and people have become more inwardly focused with less compassion for others as a result.
My 2 cents...
Polina,
I am sure you can come along to the meeting on Monday. I think you're expected to put down your intention to go on the thread in the calendar but the more the merrier !!!
I'm self employed as a sales agent selling 'office technology' - in the process of setting up a sales...