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Absolute no reason. That's why I hold bank shares to profit from the financially inept and at the same time learn everything I can about the system to minimise bank fees, credit card fees (I once got charged a annual fee for a credit card, wrote a letter to the bank demanding it be refunded...

Interesting. Do you charge any ongoing fees for financial coaching after the loan is drawn down? Banks are a business. And a business is supposed to be run for its shareholders. That's why I like having bank shares. I don't believe banks have any responsibility to educate people about...

If it’s a choice between 105% LVR and using other people’s super, I agree 105% LVR is better. Both are risky, in my opinion, for a first-time investor who has few other assets. What sort of criteria would you have to satisfy to get 105% without extra assets? The broker (I think it was Rolf)...

Two points: gearing magnifies both returns and losses and increases risk. In a flat market like this one, I'd argue that you shouldn't gear to the hilt because the risk that the market will fall is higher than before. Second, and in my opinion even more important, is that I think an investor...

Young Gun, I'd advise against going the lease-option route. Quite frankly, you don't need to. The current market is flat, you're young (I'M considered to be pretty young for an investor and I'm 10 years older than you) and you have a good job, with income that's likely to increase. There's no...

No offense, Young Gun, but my main issue with isn't your dad taking advantage of you, but what happens if something goes pear-shaped at your end. Say you lose your job, or you decide to travel, or you go back to study, or something happens to the property, whatever. With these situations the...