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  • Profile photo of Dabear1950Dabear1950
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    @dabear1950
    Join Date: 2012
    Post Count: 3

    I believe the Tiers are 10K, 50K, 100K. To all of you who are looking at your super statements and wondering how you are going to take advantage of this opportunity you would need to set up your own SMSF. This is possible for everyone to do but more financially viable for anyone who has more than 100K in their super account. I set mine up 4 months ago and Im just so disappointed I didn't do it when I retired 2 years ago :-(. It will take around 5-6 weeks to do and another word of advice. Get an accountant to do it.

    Profile photo of Dabear1950Dabear1950
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    @dabear1950
    Join Date: 2012
    Post Count: 3

    I would suggest this is a pure time share opportunity. Every where you go in BALI they are flouting these schemes. I think all the advice here is Solid. Stay away from it.no

    Profile photo of Dabear1950Dabear1950
    Member
    @dabear1950
    Join Date: 2012
    Post Count: 3

    All I can say is that having Funds sitting in an Interest Bearing account with inflation makes no financial sense.

    How then to attain an income stream? Shares? Equities… all frought with risk, all we have to do is ensure that your investment portfolio is reasonably balanced. The "No pain (risk) no gain" is real!

    I believe that Steve's presentation made a lot of sense and certainly all the knowledgeable people are suggesting that the AUD will go down not up. That is an upside only outside of any potential growth that you will get from the property investment side.

    I have personally seen the USA market and believe that Steve's expectations are realistic!. There is such good value over there but as an individual you would find it difficult to manage.

    For mine I believe this is a real opportunity. I'm going to Invest :-). Why Pete? Becuase sometimes you have to go with gut feel and get off the fence. I'm happily going with 20% of my funds.

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