Forum Replies Created
Hey Waynel and PositiveCashFlow,
great to see you guys on board… see you guys also there…
Cheers,
sisHi Waynel,
try this site out, its only new… very new share market forum…
but, its slowly going to happen…
http://www.aussiestockforums.com
you’ll find jetdollars and me, are staying and hanging around on there.
hopefully we can see ya there…
Cheers,
sisHi Guys,
we can always talk about trading, there seems to be some activity on the other forums…
Cheers,
sisHi Jetdollars,
his 3.5 hour seminar, coming up is only $69.00
Cheers,
sishow about these figures,
$438,000 (sale) – $9855 (Sales Cost) – owners cost ($9650) – $420,000 (Full Cost) = -$1505
Cheers,
sisHi Steve,
Workings below,
$438,000 (Sale Price) less 2.25% (Selling Costs) = $428,145
$428,145 (Sale Price less Selling Costs) less $400,000(Purchase Price) = $28,145
$28,145 minus 50% CGT dis. = $18,495
$18,495 realised profit less $9,650 (owners cost (-ve cashflow)) = $8845.00 Groos Profit (withholding the subjected tax threshold.)
$8845 **then subjected to the taxable threshold**
the other closes answer i can get to your answers steve is,
** Net Annual Cashflow -$9,650 minus $9855 (2.25% Sales Cost) = -$205 with the exemption of capital gains added in.
Cheers,
sisps.. i know, im no where near any of your own multipile choice answers… but is there any extra details that could be added, to allow us, to get a closer or an exact answer of one of your multiple choice answers.. thanks if you can
Hi Steve,
my answer is none of the above but, $28,145.00
my reason being is… your question is…
OK… time for a test. Assuming you’d have to pay sales costs and commission of 2¼% of the sales price, what is the amount of your net capital gain after year one?
thats assuming you did sell that property at the sworn valuation, then again this figure would be acutally lower, because we have accounted for a 50% CGT discount.
there is also then a unrealised profit (an IOU) of $14,072.5, yet the other 50% will still be subjected to the income taxable threshold the personnel falls in.
but, if we were to minus owner expenses cost ($9650.00) from the net capital gain of $14,072.50 (which is a true IOU)would equal profit of $4422.50, though again this figure could be greater due to the other $14,072.50, being taxed at the applicable tax threshold.
pls note, my answer has not included an overall position, minusing tax deductions and interest cost incurred.
Cheers,
sisHi Guys,
did attend the seminar, that just went by recently… just as feed back, enjoyed the hype of watching people rush and carry on, as if they were going to miss out the deal of the life time…
… but more or less, much enjoyed their internet marketing seminar, that they talked about… anyone else, participating or going to their internet marketing seminar, in the coming weeks?
Cheers,
sisHi Josh,
if your up to it, im happy to share a cab, will be landing there at approximately 7.30 am…
pm… if you havent been swamped yet… if theres still seating available in the cab…
Cheers,
sisOh lil_man,
this might be an idea, but ill share you a story, back in my high school days, which werent too long ago…
i use to run a cleaning business, where every morning i would go out and clean building offices and factory offices, normally this would take 2 hours every morning before high school would start, and were i would start work every morning at 6 o’clock to 8 o’clock, i just do these light duties, anyway… i was getting a good amount of money for the 2 hours work every day, and the guys would pay in cash…
but soon not longer… my brother took over for me, were he would go do the duties for me, and not long after i would give him half the earnings every morning, and it saved having to do the work… the story is, this was my first business, but instead of me having to get up and do this every morning, my brother would do it, get his cut, and id get my share, even though my involvement soon became non existence, yet i would always have this cashflow coming in, as long as he was doing the work… for a long time, this worked out really well and great…
not long after that, my brother began doing the same thing, he started doing paper deliveries most afternoons after school, but because his best mate and him would go fishing soon afterwards, his mate, started doing half the paper run, and soon after that, my brother was recieving the full income from that, yet, always his mate would do half the run for him, so that they could go fishing sooner and earlier,
they would drop there crab dilles in the river, then come back later, to see there catch and then would sell the crabs to the local convience store, and make some small profit on the side…
what i do remember is, the convience store owner, would pay them for the catch they would offer him, and because of the end of day trading, usually the hot food such as sausage rolls and pies, would be given free to them… there little business operation worked out quite well, and was quite successful…
… these are just some small stories to share, but something you can think about, and can be your only little business you can easily start up and run…
wish you good luck and all the best!
Cheers,
sisGreat to Hear!
Wish you best of Luck, but please read and learn as much as possilbe, cause one day, i want to hear the story of a young trader, who can consistently beat the market!
Good Luck!
sis
for sure! definetly will be going!
see everyone there! …lol, ill be looking out for you JetDollars!
Cheers,
sisHi lil_man,
i hear ya, there is actually a way of purchasing property under the age of 18, serious guys, it can be done…
… if you guys recall, early last year, a case of 61 babies (thats right toddlers), were able to access the first home buyers grant, and have their name on the title, it works in such a way, where there is a caveat held over the title until the minor turns 18, and then the title is transfer over to them… since then, they have changed the law, were now you have to be 16 years of age, before you can access the first home buyers grant… still thats 2 years off 18…
im not quite sure how it works, but i have my solicitor, working it out now, on how a minor can purchase such a property… (for my brothers sake), but also due to the fact, that i deeply believed that in another 2 years, the FHOG, will be lessened, as many states are now reducing the FHOG amount and that in 2 years time $7000, wont go as far as it does now…
sorry for not much more help…
but in the mean time, and if you really want to get into the investing, what about if you open a share trading a/c, its very simple for minors, just get someone who can go as a trustee for you, and you account can be set up within minutes…
im not quite sure how old you are lil_man, but when i open my brothers share trading a/c for him, he was only 15 at the time, still he is under 18 yrs of age now, but he trades a few times a week (with real money), and has a simple stockwatch list that he paper trades as well, but he is definetly doing well, but hes definetly gained more experience and practice skills, than people twice his age, who have only traded a few times, or who have never traded in there life before.
… but definetly give it a shot, the more experience you get, will put you miles ahead of your friends, and its knowledge you will always hold and have….
Cheers,
sisHi Guys,
seeing this as the first interest rate rise, in the US, after 13 attempts over the last years or so, and with the new tax laws coming into place today in the Australia’s new Financial Year, IMHO i wouldnt be surprises to see interest rates rise from anywhere from, now to the next 18 months to about 8.25%, if you look at our current government with these new tax laws in place, and a slight increase in inflation due to our “internal governing in its changes” and the increase of the gold value, they are printing more money, than the value of our earned dollars are worth every day…
… yes the property market is slowing, but as i see it, its only a correction in the real estate market… just a little off the subject here, but when the resource market starts to move and the All Ords have been consisently increasing steadily, the Australian share market, is proving to be turning into a bull market…
for me personally, im still investing into property, but being more cautious and selective of which property to choose (many people, i am talking to now, are getting heated and worried about, negative equity in their property, due to buying at the top of a boom) could be some good bargains to watch out for,
in my event, im channeling more and more money into the stock market, and have been getting much greater and better returns, that in what our current property market has to provide…
though again, and taking the advice from Robert Kiyosaki, (Rich Dad), who is many to most of us, he is even unsure of where to be putting his money into which market at the moment… in hearing of this and in acting in contrast to it, which market will out perform each other into our new financial year?
Cheers,
sisHi Guys,
please be weary, the 11 second solution, is no longer applicable on most property purchases, just use it as a guide, but dont base your caculations on it.
Cheers,
sisHi Guys,
lol… i forgot about that…
lol… ive upgraded now, im now living in a tree house… lol… (one of those kids, cubby house)
Cheers,
sisWoohoo! Congratulations Steven!
Our Newest Moderator!
Keep up the Good Work
& Job Well Done!Cheers,
sisHi Rob,
its a major lender.. though my business partner/associate… has a few good mill’s in mortgages… (those rates arent intro rates, but are also heavily discounted, due to the large amounts being leant out, also… theres large nice amounts parked in just offset a/c’s alone)
the one thing, that is really competitive is the loc rates and they are the same as any pi loans that are taken out…
Cheers,
sis
