howdy team
there has been much talk of cash, plan B's and unexpected (and now expected) margin calls as well as the usual property maintenence issues. Where do you stash your cash for this? do you have a rule of thumb for SANF?
do you off set it and why? do you go down the riskier" i buy blue chips i can later sell" path with it? (they may be blue chips but they can still fall... ) or is it all 'potential' money from revals?
I currently have mine in a high interest bearing account because my IPs were interest only and with a high tax threshold, no piont in offset.
that will change soon with a P&I loan but Im going to have to separate "emergency Investment money" and "emergency personal money" or the tax calcs will be a disaster.
I have roughly 10K per property. ..slowly saved up just sitting in a high interest account, not sure its the most effective use of it (except for getting a kick out of the numbers! personal wealth is still a thrill for me, we didnt have much growing up). shares are 100% owned but no ideas about allowing for margin calls.....and now is not the time to swim in that pool...
where do you stash it?
there has been much talk of cash, plan B's and unexpected (and now expected) margin calls as well as the usual property maintenence issues. Where do you stash your cash for this? do you have a rule of thumb for SANF?
do you off set it and why? do you go down the riskier" i buy blue chips i can later sell" path with it? (they may be blue chips but they can still fall... ) or is it all 'potential' money from revals?
I currently have mine in a high interest bearing account because my IPs were interest only and with a high tax threshold, no piont in offset.
that will change soon with a P&I loan but Im going to have to separate "emergency Investment money" and "emergency personal money" or the tax calcs will be a disaster.
I have roughly 10K per property. ..slowly saved up just sitting in a high interest account, not sure its the most effective use of it (except for getting a kick out of the numbers! personal wealth is still a thrill for me, we didnt have much growing up). shares are 100% owned but no ideas about allowing for margin calls.....and now is not the time to swim in that pool...
where do you stash it?