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I'm with you there...GST suppose to get rid most of these tax but the state are getting greedy and didn't honor it.. I remember paying stamp duty on shares and thanks god they are all gone thanks to GST make buying and selling much much more profitable :D

that not how it works..you wanted a 5 years fixed loan..what banks do is they throw that money to the market and said I want XXX for 5 years what do you guys want to charge me. Dealers come back with 8.0% including his margin... banks than takes 8% and include its margin then pass it on to you...

Did you know fix rate and variable rate are sourcing from different source? it doesn't mean bank lose money when interest rate goes up..they just fund it differently and you the borrower will always pays... Banks always make their margin. In the 80's they made this mistake and they lose money on...

Yup agree, it's not always about money... if you can afford to cut people some slack it's always a good feeling and the right thing to do

Wow pretty amazing effort with that sort of income.. with that sort of saving and discipline you will be very rich some day :) keep it up

You are a good man may you live long and prosper

I havent seen the DVD but look like a copy quote from Warren Buffett he rather be vaguely right than precisely wrong :-)

Can someone recommend a broker or an underwriter for this type of insurance? Thanks

I'm Gen X doesn't bother me 1 little bit :D ... There more important things in life to enjoy then worry about media bashing this and that or compare gen x and y and baby boomers ... Just go to work, make your money, save a little, give a little and enjoy a little and let the world goes by and...

A buffer is a margin of safety and it cover you, when sh*t happens, you out of a job for a few months, you on long term sick leave and you don't get pay the full pay rate etc. It's sensible for someone who start out not load themselves with debt and be able to navigate and survive in difficult...

You cutting a bit thin there just a quick figure in my head.. with your salary (50K) and a 240K mortgage, half of your income is going to pay the mortgage at 8% interest.. and 50% is a high proportion of your income servicing the debt...and you may struggle if there is interest rate rise. I...

There is a rumor circulating Adelaide Bank is seeking emergency fund from RBA. The virus is start to spread.. first Northern Rock, now this.

People borrow what they cant afford is the problem. Australia is heading down the same road in a few years.. :D Actually we started the journey already the final destination will be sometimes in the near future :)

Insurance is all about risk, probability and complex mathematical calculation got nothing to do with who you are. If they can identify the risk and slap a reasonable premium on that risk and if sh*t happen they want to walk away with a small profit after paying all the cost associated with that...

Sound like a zero sum game dont see how it benefit you. :confused: say you own an IP A worth $200,000 and you own the bank $100,000 paying 7% or whatever on it and have 100K equity .... and you buying another IP B and top it up with another 20K from IP A your loan on IP A doest just magically...

I hate ANZ, years ago I have a credit card with them and got into a dispute for some small amount they never do anything.. So I rang up the next day closing every credit card, saving, investment the whole lot and cut tie with them ever since. They tried to convince me to stay and said I'm going...

keep it down I'm happy for it to go another 500 points down :-) this is going to be the best year ever. My uncle Warren Buffett went into the Market last night and buy like crazy when people are selling.. I'm following my Uncle Warren Footstep...:D

I have lot of IFM at 0.58 ... and lot of RAMS at 0.60 today ..man the market is giving away money got to LOVE it :-) IFM is my long holding stock, the market has not recognize this stock yet but give it a year or 2 and Mr Market will come around, this is a very good business selling at a very...

I see a few more rate rise on the horizon, plus with the sub-prime fall out people wont lend you money cheaply any more...they want higher return for their money and the risk they take.

we don't have any tighter regulation(our subprime equiv is low doc/no doc), we just do it a little differently, that what the banks has been telling us, but I still hold reservation on their comments. I believe we will see some shake down in some of our low doc/no doc lenders come out of the...