Hi All,
I posted an intro on invested, but I am keen to start interacting here, so here goes...
I have been reading this forum since May, and I have finally come up for air after going through the “Analysis Paralysis” that has been referenced.
So a bit about me. Numbers not exactly accurate, but good enough for a snapshot.
I am 39 Married, 2 way cute kids 9 & 7 (B&G). Living bayside in Brisbane. I work in Computer software at a company that I am one of the owners. No IP’s, 450K equity in PPOR, though a 400K debt. We have 25K (after tax) surplus after a generous budget and PPOR repayments.
We have a family trust with a company as trustee which owns the stake in the software company listed above. This is then distributed, after paying some minimal expenses. My wife also earns a wage outside of this.
We are looking at our strategy options now. This follows speaking with some mortgage brokers (recommended from SS), my existing and prospective accountant (again SS), and Financial Planners. Also thanks to some members that I have PM’ed and have been quite responsive even though they don’t know me and I asked some questions that could have been found in posts (Thanks Rixter).
I went to the Navra seminar last Saturday in Perth on frequent flyers as I couldn’t attend the Brisbane event. As I posted over at invested, I enjoyed the workshop, but I must say that I really enjoyed the lunch break where whilst eating some lovely seafood, got to speak with Redwing and Rixter, and found their answers to my wide eyed questions very refreshing and inspiring. Thanks guys, if you are back in Brisbane on another buying visit, there will be a frosty beverage awaiting you.
I have attended BIG and the SIG panel recently (travel a bit for work). I have also been meeting with a private wealth management company that specialises in direct equities.
Where are heads are at:
Really liked Michael Whyte’s strategy and I have been modelling our situation with his great spreadsheet (Thanks Michael). This is forming a strong plank of our strategy with regards to debt recycling of our PPOR mortgage.
Would like to use our current (or augmented) structure as an investment vehicle that can use pre tax income from the business to invest in quality assets. Plan is that this becomes self servicing.
I am getting splinters (you know where) from sitting on the fence on investing in shares or our first IP. With 850K value of our PPOR, and no shares perhaps balance is the order. Of course, there may be the opportunity to do both.
I will post more specific questions, but wanted to introduce myself first.
Look forward to speaking with you soon.
Cheers,
Horizon
I posted an intro on invested, but I am keen to start interacting here, so here goes...
I have been reading this forum since May, and I have finally come up for air after going through the “Analysis Paralysis” that has been referenced.
So a bit about me. Numbers not exactly accurate, but good enough for a snapshot.
I am 39 Married, 2 way cute kids 9 & 7 (B&G). Living bayside in Brisbane. I work in Computer software at a company that I am one of the owners. No IP’s, 450K equity in PPOR, though a 400K debt. We have 25K (after tax) surplus after a generous budget and PPOR repayments.
We have a family trust with a company as trustee which owns the stake in the software company listed above. This is then distributed, after paying some minimal expenses. My wife also earns a wage outside of this.
We are looking at our strategy options now. This follows speaking with some mortgage brokers (recommended from SS), my existing and prospective accountant (again SS), and Financial Planners. Also thanks to some members that I have PM’ed and have been quite responsive even though they don’t know me and I asked some questions that could have been found in posts (Thanks Rixter).
I went to the Navra seminar last Saturday in Perth on frequent flyers as I couldn’t attend the Brisbane event. As I posted over at invested, I enjoyed the workshop, but I must say that I really enjoyed the lunch break where whilst eating some lovely seafood, got to speak with Redwing and Rixter, and found their answers to my wide eyed questions very refreshing and inspiring. Thanks guys, if you are back in Brisbane on another buying visit, there will be a frosty beverage awaiting you.
I have attended BIG and the SIG panel recently (travel a bit for work). I have also been meeting with a private wealth management company that specialises in direct equities.
Where are heads are at:
Really liked Michael Whyte’s strategy and I have been modelling our situation with his great spreadsheet (Thanks Michael). This is forming a strong plank of our strategy with regards to debt recycling of our PPOR mortgage.
Would like to use our current (or augmented) structure as an investment vehicle that can use pre tax income from the business to invest in quality assets. Plan is that this becomes self servicing.
I am getting splinters (you know where) from sitting on the fence on investing in shares or our first IP. With 850K value of our PPOR, and no shares perhaps balance is the order. Of course, there may be the opportunity to do both.
I will post more specific questions, but wanted to introduce myself first.
Look forward to speaking with you soon.
Cheers,
Horizon
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