Total Members: 159,210

wayneL

  • wayneL replied to the topic DISASTER HAS STRUCK!!! in the forum The Treasure Chest 21 years, 2 months ago

    Hello Scremin

    When sending important emails, can alway request a “read receipt” that will let you know when the email has been read. Also it is proof that it has been read if they deny recieving it.

    In outlook express, go to tools/options/receipts and then check the read receipt box.

    Cheers Wayne

  • wayneL replied to the topic How long can property rule? in the forum No Subject 21 years, 2 months ago

    quote:
    Lessons I have learnt along the way and often remind myself of.

    Property is cyclical as is the stockmarket.

    Things are never different this time.

    Because you have made money in a boom doesn’t make you an expert.

    Cheers,

    Simon Macks
    Mortgage Hunter
    mortgagehunter@iinet.net.au
    0425 228 985

    Simon,

    That is the most sensible thing I seen…[Read more]

  • wayneL replied to the topic 110K in the forum The Treasure Chest 21 years, 2 months ago

    quote:
    Ventura
    I am in a similar boat to you. I think you are better to buy a IP and rent yourself provided that the rent youpay does not exceed what you would otherwise be paying in loan payment on your own home. This way the interest on your IP is tax deductible and so are all the other associated expenses with an IP. By renting yourself, you…

    [Read more]

  • wayneL replied to the topic What is the best way to minimise TAX? in the forum The Treasure Chest 21 years, 2 months ago

    Also, one must look deeper than the marginal tax rates on income.

    We have multiple layers of taxation; therefore we must look at the overall taxation burden, which in Australia is in excess of 50% and the second highest in the developed world.

    Going back a few years our welfare bill was A BILLION DOLLARS PER WEEK.(dont know what it is…[Read more]

  • wayneL replied to the topic 7% yield in the forum The Treasure Chest 21 years, 2 months ago

    quote:
    It’s not bad if you don’t have to make regular repayments on a loan. Unfortunately dividends aren’t paid weekly so you end up with a cash flow problem.

    Not necessary so.

    A margin loan can be structured to capitalize interest so regular payments aren’t necessary (which is my preferred way)

    Or alternatively you can use installment…[Read more]

  • wayneL replied to the topic What is the best way to minimise TAX? in the forum The Treasure Chest 21 years, 2 months ago

    quote:
    freby: gotta ask, why do you want to minimise tax?

    ’cause it is way too high in this country and it is mis-spent on bribing voters!

    A ridiculously small proportion is spent on schools, hospitals etc.

  • wayneL replied to the topic Future Property Bust in the forum The Treasure Chest 21 years, 2 months ago

    Very interesting westan,

    Median price is an interesting statistical figure. Athough it is the best figure available for an overall picture, I wonder how it would look if we segmented the market into different catagories.(don’t know what the catagories should be…maybe the median price of the cheapest 25% of properties and so on up to the most…[Read more]

  • wayneL replied to the topic ACCC targets property “scammers” in the forum No Subject 21 years, 2 months ago

    ROFL…my mathematics[:I]

    Correction: In the AMP case above we would have lost $9,880 not $3,880 which is -617.5% not -242.5%

    oops[:P]

    cheers

  • wayneL replied to the topic mezzanine finance in the forum No Subject 21 years, 2 months ago

    What is mezzanine finance?

    Wayne

  • wayneL replied to the topic learning the best of both worlds in the forum No Subject 21 years, 2 months ago

    Alf

    There are several good trading forums around.

    One of the better ones is http://www.reefcap.com

    Mainly serious traders there with a minimum of the rubbish found on other trading forums.

    There are also several trading chatrooms for the screen jockeys.

    Cheers Wayne

  • wayneL replied to the topic ACCC targets property “scammers” in the forum The Treasure Chest 21 years, 2 months ago

    Oh yeah,

    Should mention one other thing about trading. Open profit is not profit. Profit can only be counted once the trades are closed.

    Crashy’s strategy outlined above, unless it is now closed, is now $30.00 in the red.

    Again, not having a go at you crashy, but just showing the reality of trading.[;)]

    Cheers

  • wayneL replied to the topic ACCC targets property “scammers” in the forum No Subject 21 years, 2 months ago

    quote:
    MY last 100 trades are irrelevant, Im not asking people to let me manage their money, Im educating them so they can manage their own. Secondly, its easy to lie about past trades, impossible to lie about a trade in real time, plus people are more interested if they can watch it happen before their eyes.

    By the way, its now 16% !

    A noble…[Read more]

  • wayneL replied to the topic ACCC targets property “scammers” in the forum No Subject 21 years, 3 months ago

    Crashy,

    Lets have a look at your last HUNDRED trades to give the readers here a fair idea of the true return.

    Losses are a part of share/derivitave trading also.

    But in fairness to crashy a successful trader using CFDs can have a return on capital in the 100’s% per annum[:D]

    Cheers
    Wayne

  • wayneL replied to the topic read this!!!!!!!!!! in the forum Forum Frolic 21 years, 3 months ago

    quote:
    tks mini

    i got astrid from reading about John Lennons ex and i liked it.

    is it ok to give your daughter a german name even though she’s an aussie??

    Hey aussierogue,

    My wifes name is Verena which is a german/swiss name…..but she is as british as thay come, so go for it!!!!

    Congrats on the new addition!

    Cheers Wayne

  • wayneL replied to the topic what is a good salary these days? in the forum The Treasure Chest 21 years, 3 months ago

    It’s pretty hard living the life of Reilly on anything less than 200-250k these days[:D]

    Will get there one day! Just hope that buys more than a loaf of bread and a pint of beer by then[:P]

    Cheers Wayne

  • wayneL replied to the topic What’s your profession? in the forum The Treasure Chest 21 years, 3 months ago

    Hi all,

    Just found this forum, great stuff and a very polite online community…congrats.

    I’m a share/futures trader, I love it, its fantastic but very lonely.

    Property investment is a good way to get out of the house and meet some people.

    Now if I can just figure out a way to short sell property……….

    Cheers
    Wayne

wayneL

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