Forum Replies Created
Hi Terry,
Thanks for the clarification. I guess that rules out a SMSF for my purposes.
What about this scenario, I can service a loan for a house but I want it in someone else's name, say a family member.
How can i get the loan set up, but house not in my name? So where I service the loan for someone else. I could probably service it easily after its setup, I mean anyone can pay money in to anyone else's mortgage account if they chose to, but how could you get the loan in the first place?
Bob
I guess what I'm asking is, what can I buy thats small enough to fit in a box, but likely to retain its value in years to come?
OK, thanks. Will research these.
Regarding the SMSF, i was told by my accountant that you cant legally gain any benefit from a SMSF investment, aside from the obvious return on the investment itself. So if the SMSF invested in a property, you can gain from its capital increase but not the gain from living in the dwelling.
Bob.
I've thought of that, but $100 tomorrow wont buy what $100 today can buy. If i do use a safety deposit box type arrangement, what can I buy now to retain the value of the funds in ten years? Cash depreciates.
Ok, let me clarify what I'm asking, I'm seeking an investment vehicle with low/moderate risk but which is largely anonymous, so no TFNs, etc, required to set it up. I'm completely new to investing by the way, so may be shares are the option?
The other idea I had was gold, I have no idea if its a good investment, but I assume meets the 'anonymous' requirements.
Bob
OK, thanks for the advice.
On a slightly different topic, but related, what are some ways of owning a property 'at arms length'? So owning a property that you can use, like the family home, but not appear to own on the surface?
I'm thinking a family trust that is the property owner, with myself as beneficiary? Is that the only option?
Bob.
I should say, I'm in Australia.
Bob.
