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Here is a review of the game:
http://www.boardgamegeek.com/boardgame/6552
I think the benefit of the game is that it triggers philosophies of investing… Kinda simplifies everything
Tommy gun.
I think maybe yes, although I am not a position to offer a deposit of that size, so I did not investigate this.
Hi Richard,
the bank was Bendigo.
Haha I liked the description of the Queenstown house: "Here with have a special little piece of crap" thanks for the laugh!
Thanks propertunity,
I am aware that you can only claim FHOB if the property is bought in personal names… My idea is that once you have lived in it for 6 months and claim the FHOB, that you then transfer the property into a discretionry trust which would be set up 6 months after you lived in the property, thus meeting all the criteria for FHOB. Money from the $14,000 can be put aside to set up this trust.
I am not sure whether this idea is feasible, but it would make use of the FHOB???
Hey Andy,
I think was thinking of doing the same thing…. My idea differs slighty in that I want to use a trust structure:
So the process looks like this:
1. Purchase property
2. Live in it for 6 months and claim FHOB
3. Use money left over from FHOB to set up a trust and place property into it.
4. Property portfolio beginsThis way I can access the 14,000 and begin portfolio too.
Any comments or suggestions are greatly appreciated
Leumy
Can I suggest taking a look at other threads on here in relation to your questions. In fact, I think there is another thread which has a similar title. There is loads of information on here and I think you questions may already be answered.
Well I'm not sure many posters have done this:
Sold my car (for the sake of investing) and now share one with my partner and guess what?? this arrangement actually works. Initally I never thought it would, but it's fine and we save hundreds a year. Unfortunatly we went for her car whihc is a corrolla but at least its fuel effiecent. If you can survive on one car then do it!
Leum
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Thanks
You guys have far too much time on your hands,
mildly amusing for the rest of us however!