Forum Replies Created
Arty,
Just checked the results and Forum Floozie was a late scratching – I think it forgot to bolt!!
Damian
Anthony,
I attended a seminar earlier this year that was run by Bill Zheng and his company Investors Direct http://www.investorsdirect.com.au
Regards,
Damian
Today’s edition of the Financial Review (Page 57)has a half page advertisement (expensive) from Henry Kaye “Australia’s Leading Property Investment Presenter” saying that he has had enough of being misrepresented by his critics and it is time to speak out. He goes on to say that he has never been given a FAIR GO by the media and how he educates his clients about the dangers of “get rich quick” schemes and how to avoid being “ripped off”. Also on page 70 is a further advertisement, as directed by ASIC, regarding the discontinuation of litigation against HK.
I think HK is in damage control at the moment.
Caz,
I too have been wondering this recently given the poor performance of super funds. I currently salary sacrifice $170 per fortnight ($4,420p.a.) to an employer super fund and have just cancelled this and instead redirected these fund towards the outstanding balance on my PPOR mortgage. This will effectively guarantee me a return of 6.5% tax free and at the same time provide greater equity to then leverage into property investment. The advantage of using property as a tool for financial freedom is that you can use leverage and start at a higher base than if only using your contributions to a super fund.
Damian
AD,
Link to the ATO web site with an example of how depreciation affects the cost base for CGT purposes.
http://www.ato.gov.au/content.asp?doc=/content/Individuals/22711.htm&page=6#P589_55017
Regards,
DS
