Hello,
I am in the fortunate position of earning an income from my job that is approximately $110K gross per year and I also receive 2 personal cheques each year from a family member that total $400,000 per year and it will be ongoing.
I have invested a fair bit in my own primary residence and in shares and instead of just putting more and more into my share portfolio which is mostly blue chip stocks like banks, manufacturing, resources and retailing etc I am looking at diversifying into the property market and see negative gearing as a good way to draw down my income tax from my job and realise capital gains.
Since my job is a technical role and in no way does it have any form of business, investing or commerce element to it - I am a bit lost as to how to go about it.
I am hesitant about seeing a professional because (A) I don't know who is trustworthy these days and (B) will they act in my best interests.
I could just keep sinking the $400,000 each year I receive into shares and paying down my home loan which is 60% paid off, but I would like to diversify into the property market in Brisbane as this is where I live and I think its good to have an investment portfolio that contains both shares and property.
Could someone who is familiar with my situation or can understand how unique it is point me in the right direction as to what they would do if they in a financial situation like mine and also which investment agency in Brisbane would act in my best interests.
Regards
HighFlyer...
I am in the fortunate position of earning an income from my job that is approximately $110K gross per year and I also receive 2 personal cheques each year from a family member that total $400,000 per year and it will be ongoing.
I have invested a fair bit in my own primary residence and in shares and instead of just putting more and more into my share portfolio which is mostly blue chip stocks like banks, manufacturing, resources and retailing etc I am looking at diversifying into the property market and see negative gearing as a good way to draw down my income tax from my job and realise capital gains.
Since my job is a technical role and in no way does it have any form of business, investing or commerce element to it - I am a bit lost as to how to go about it.
I am hesitant about seeing a professional because (A) I don't know who is trustworthy these days and (B) will they act in my best interests.
I could just keep sinking the $400,000 each year I receive into shares and paying down my home loan which is 60% paid off, but I would like to diversify into the property market in Brisbane as this is where I live and I think its good to have an investment portfolio that contains both shares and property.
Could someone who is familiar with my situation or can understand how unique it is point me in the right direction as to what they would do if they in a financial situation like mine and also which investment agency in Brisbane would act in my best interests.
Regards
HighFlyer...