Forum Replies Created
I agree that the currency exchange rates add in a huge risk factor, though so far, so good. I think the fund might be okay if you have lots of spare cash that you don't need.
One thing that never get added in to the discussion is stuff like: do you own your own PPOP, are you paying if off in a way that balances out with putting money into higher risk investments.
Personally, if I had a spare 10 grand, I would put in on my mortgage before I invested it in an international or any kind of managed fund, but maybe I am just way too conservative.
Also, there is superannuation, where some money can be put more securely and with less tax paid on the investments, depending on where you are on your retirement journey, your income and your tax entitlements.
All these things need to be taken into consideration together, not just: invest because of a belief that it will have a good return. eVen if you got a good return in a fund or some such investment, it is possible, depending on your circumstances, that you would have the same or better return, with far less risk, by putting it into your mortgage or super account.
Best to ask an accountant experienced in property investing for your particular circumstances and what would be best financially.
my understanding is that you are free to decide and nominate one or the other as your ppr – if you have moved out of your ppr, you can still nominate it as ppr for up to six years.
to be able to have a place as a ppr, you have to actually move into it and cha nge your address to it, but once in, you don’t have to stay for any nominated period.
so you can choose one or the other, however, what would drive the decision would be likely costs and possible deductions and capital gains that you would be able to claim on one or the other.
Just make sure you keep all records of expenses such as maintenance to offset against any tax deductions, such as CGT in the future.
