Forum Replies Created
- Originally posted by Spanky:
Well said Bryce,
I have done a bit of my own research on the viability of wind as an alternate source of energy, however, I feel that hydro-power generated by turbines installed across narrow coastal channels could provide a much more regular supply – the tide will flow as long as the Earth spins and the moon remains in orbit around us.
A broad spread of alternatives from the renewable sector, coupled with further developments in technology will help to cement their commercial viability.
I too have my own opinions on nuclear power, which I will leave until I have done my own further research into the subject.
Spanky.
Age doesn’t negate effort – you can never be too young or too old.
Tidal power also works well offshore on much of our coastline.
What long term effects might these installations have on the ocean and coastline though?
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
These have high yields as they have low prices. This is because the yare not a popular investment.
They also pay the salespeople a higher comission to move them.
Please be very sure of what you are buying before you make the decision to enter into such a deal.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
You can buy a testing kit from Bunnings that will confirm the presence of asbestos.
Asbestos is safe to tenants. It only poses a threat when the sheets are cut or drilled thus releasing fibre particles.
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Because the thread has run off topic or adds nothing to the forum.
If it blatantly broke forum rules then it gets deleted.
Perhaps it is better to just arbitrarily delete them but sometimes there is still some value to be gained by reading it so it is simply closed rather than removed.
I guess you are referring to a particular thread. I don’t know which it is. If there is an issue then email the moderator responsible or Admin and discuss your concerns.
Remember that this is a privately owned website.
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
V8Ghia is spot on. You will create a mess re deductible and non deductible debt.
I would consider a split or even two LOCs. One clearly for tax deductible expenses, ie IP rates, insurances, buying shares etc etc
The second for private use. PPOR debt, personal expenditure etc etc
Direct all repayments into the non deductible debt. As it gets smaller so you lower the limit and raise the limit on the investing LOC/split.
There are some recent taxation rulings that allow for capitalisation of interest in the LOC. Some doubt exists in a lot of peoples minds so I strongly advise that you take these threads as food for thought and engage an accountant to advise you on your strategy.
Your goal is to end up with all deductible debt. It will take a while but it does happen.
THIS IS NOT ADVICE
Just ideas to toss around …
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
You need to negotiate through the REA.
The conveyancer will help you get out of the contract via your inspection clause if you decide not to purchase because of the repairs needed.
But you can try to negotiate a price reduction and you probably should.
How severe were the things you found?
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Why dont you just get her to sign a contract to buy with a settlement date 6 – 12 months away? And no penalty if she pulls out.
That is certainly an attractive deal for someone after their first home.
So you get rent and a sale and she gets a locked in price and time to save a deposit. Perhaps the value might be higher.
Plus she might even treat it as her own home rather than a dodgy rental property [biggrin]
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Is a broad question. Is like me asking which is a better vehicle …. a 4WD or a Convertible?
Of course it depends on your situation – either can be better.
I am no superannuation expert but an older person can gain a lot of benefit from Super. Younger people, who don’t invest (lets face it – that’s the majority) should use Super as much as possible too. I think it is a safety net for those who don’t act in a positive manner investment wise.
We are in our 40’s and decided that my wife (the Dr ) is going to salary sacrifice into super. We are closer to our 60’s than many forum members.
But having said all that – you really should consult an accountant.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
[/quote]
Thanks for all the info Simon. I have just read all the posts since my last one. I was interested to hear that you don’t have a ‘ceiling’ figure on your stocks, but obviously you have found that to work well.
Cheers,
Marc.
[email protected]
[/quote]A ceiling simply means you are selling a rising stock and holding those which are yet to rise to the ceiling.
How is this a winning strategy?
[blush2]
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Risk and return are inversely related.
Ask yourself why this company needs to pay 12.5% to raise funds.
ING Direct only needs to pay 6% to raise millions and millions.
Just because a company follows ASIC requirements (and every company is supposed to so it is not that special) doesn’t mean the company cannot shut shop on you. You will then be in a queue to receieve a % of your funds back from what the auditors can find left.
I personally wouldn’t touch it. I am in managed funds which earn more and are secured by the underlying stocks. So they can also enjoy CG. But that is my preference.
My last IP returns 9%pa plus it went up about 30% in the three years I owned it.
Your 12% is just yield – there is no upside for capital growth.
All the best
Simon Macks
Residential and Commercial Finance Broker
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0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Originally posted by ctaing:Thank you all for contributing your expertise in this thread.
Now, I’m almost tempted to join your line of work. Great job satisfaction for helping people achieving their goals; your integrity will be rewarded beyond the commissions (and trails)….. See, I’m learning.[laughing]
Thanks Terry, I think you have answered my concerns on interest deductability on reborrowing using exisitng home loan. Time I check with my bank. Let’s hope there’s a relationship manager that knows their loan products inside out. [mellow]
Cheers
CTWhy don’t you check with Terry? I bet he knows more about the range of loans available to you than any single Banker.
Simon Macks
Residential and Commercial Finance Broker
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0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
We chose not to get Pay TV so I have never seen it. When I say we I mean my wife [blink]
Maybe I need to argue for Pay TV on the basis that it will help my investing?
Unlikely to get that one past the boss…
Simon Macks
Residential and Commercial Finance Broker
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0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
It is very negotiable and $1 is legally enough.
But, the Agents and Solicitors need to recover fees if the sale doesn’t go through. 10% easily covers this and you will find most agents and solicitors advising their clients to only accept the full 10%.
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
You would have a taxable income of $0, in fact you would be making a loss. I hope you have the funds to cover the $150K worth of expenses.
So you will get a tax refund of all the tax you would have paid. Not really all that much considering an income of $40K.
You certainly don’t get a refund of everything you spent.
I think you have a bit of self education to do before you buy any properties.
Plus you better start discussing investment plans with someone more experienced than your mate.
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Is a legitimate marketing campaign.
Does that answer your question?
Simon Macks
Residential and Commercial Finance Broker
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0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
It means that a topic has been closed and no further threads can be added. it may still be read.
Simon Macks
Residential and Commercial Finance Broker
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0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Sounds like a lot of work – and you couldn’t charge much more than a PM to do the same as they do.
If these houses are slated for development then the owners are clever enough that they have already considered renting it out in the interim.
Good try – keep thinking. There’s a good idea in there somewhere [biggrin]
Simon Macks
Residential and Commercial Finance Broker
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0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Originally posted by kjs:Shares – mmmmm. I must say that trying to pick growth stocks is a terrible gamble. A small window in my experience – 3 “growth” stocks that were showing a 98% loss in my commsec position statement a few weeks ago. Scary. I would challenge even the worst Sydney property story to show a 98% loss! I am talking about one stock being 10% owned by Gerry Harvey. Tell me he is not a person that would make you think that a company had a good prospect? One of the other stocks is 9.4% owned by Linfox share investment pl I went for growth stocks after seeing the blue chip performance where aristocrat went from $6 to less than $1. It is now over $15.
You can borrow against your good stocks to buy speculative, and you can have some luck, but overall, I think stocks are scary. My opinion only, and I acknowledge that while also acknowledging the stories of others.[worried]
kjs
Wow – that certainly hasn’t been the story in my portfolio. I am holding about 7 stocks and only one is lower than my purchase price and that is Telstra.
Your growth stocks must have been on the speculative end of the range.
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Originally posted by ctaing:Hi Simon,
Following your line of discussion, “..to deny shares or property as a bad investment is to rob yourself of 50% of the boom action each cycle.”
I just want to add that some experts (with some vested interests) would say, “it’s time in the market rather than timing the market” that has a long term winning strategy.
I find myself questioning that wisedom. If one take on the life long approach to learn the share or property market; won’t one do better with active stategies to time the market for the entry and exit (especially when the downside has been projected and weighed against holding on to an asset)?
So, I thought one have to be careful what information to take on board.
My 2c worth, anyway.
CT
Good points.
Lots of different ways to skin this cat.
I tried trading and looking back tells me it was a mistake for me.
I think that with active trading strategies there is a higher element of risk. I read once that trading moves wealth from 95% of the players to the 5%.
Another saying is that the Stockmarket is an efficient mechanism for transferring wealth from the impatient to the patient.
Both of those statements were true for me – unfortunately. I broker even after the tech bubble boom which is better than most. If I had stopped earlier I would have been well up.
I think that no info is bad. It is up to us to sift through it and choose a course of action. I suspect there are lots of right ones and some wrong ones. Choosing the best isn’t the goal that everyone can aspire to. Choosing an effective one and implementing it well should be within each of our grasps. Time in the market will then see you well ahead of the person who chooses to do nothing.
This applies to any form of investing I think.
Thanks
Simon Macks
Residential and Commercial Finance Broker
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0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Originally posted by Jenny1:Thank you Simon for info just a little bit more and I will leave you alone [biggrin]
– Do you collect your own rent from your tenants or use an agent?
They pay it direct into my account fortnightly via internet banking. No problems there.
– Are the tenants on individual leases or one lease with everyones
name on it. The deal being that they replace themselves when
they leaveFive seperate agreements. I used a lease in year one but haven’t bothered since. I made up my own document. I will never go to the tribunal – what can I win from a student? Hasn’t been an issue yet.
– What do you do for common areas like who cleans up or do you
get a cleaner in.They clean everything. I get a pro in annually at the start of semester one to get it sparkly and the carpets done. Then they know the standard I expect at the end. So far they have tried hard and I have no complaints. I don’t run their household. If they want a grubby kitchen I will mention cockroaches and mice and ask them to clean it and they do. Being respectful young folks they have never argued with me nor have I ever been unreasonable.
Cheers
Jenny1
Simon Macks
Residential and Commercial Finance Broker
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0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
