the story was about share trading

its really quite irresponsible to promote such a story, but thats journalism for ya

nevermind, it will help my book sales soon lol

when people start asking this question, its time to ask “how much will they fall now?”

What happens if you trade for a few years then stop trading, can you stop the BAS statements?

Why do you make it sound like you must choose one or the other?

why cant you save $1000 in tax, pay $600 in health fund fees, AND invest in an IP? the $400 you save will HELP you pay for an IP, not STOP you from buying one.

ps you did say “outskirts of Sydney” not NSW regional.

“Just to avoid this I don’t want to waste my money on any private health insurance (as my aim is not just to avoid tax, it is to be profitable from all angles).”

Ummmm im a little confused here. You would rather pay an extra $1000 in tax (1% surcharge on 100k) than pay around $600? for the cheapest approved health plan? You are throwing away $400…[Read more]

Harold

after much reading and thinking (my brain hurts) I think I know what you meant.

converting a warrant to a share is simply restructuring a loan, you are not selling anything so there is no capital gain, and therefore no CGT.

‘cash extraction’ may be what you were referring to, where you can convert shares into instalment warrants (taking…[Read more]

Hi Harold

I have read a lot about instalment warrants, but have never been told they are tax free when converting. This doesnt mean you are wrong, its just odd that such a huge benefit (if true) would be omitted. I scanned through my textbooks but couldnt find a definate answer, may I ask where you got your info from? Im very interested in…[Read more]

ABN is free from the ATO.

Once you get one you have to fill out a form every quarter.

A no doc loan isnt that great, you need around 80% deposit. LOL

the caveman started writing his story on rocks, and selling them to other cavemen, but they came back and thumped him with the rock because there were no more caves to rent out. it took 11 seconds for the caveman to work out rocks hurt.

11 seconds?

lol

no I wouldnt buy a property earning 7% before costs either.

well done on IGO

Hi reggie

sharefinder forum? not me, must be someone swiping my nick.

the job…well no reply there, dont ya love that? not like it was a 2 hour drive or anything…..oh wait, it was……rude buggers!

re instalment warrants…….yes good idea to do covered calls for income, just finished writing that chapter of my book. margin calls with…[Read more]

ahhh if only it were realistic

capital growth is not 10%, more like 7%.

high rental yield can be 15%, not 10%.

capital gains are a by-product of high yield. When yield is high, capital gains are inevitable. Just ask owners in Beenleigh & surrounding areas about their 70-100% capital gains this year. Capital growth is not a question of WHERE,…[Read more]

Harold

The interest part of the warrant is tax deductable, not tax free. The capital gain is taxable, the warrant issuers provide daily information about the interest and capital component, and the tax office doesnt seem to have a problem working out what tax needs to be paid.

Instalment warrants are not traded on their own market, they are…[Read more]

re Jenman

About 6 months back I looked into a career in Real Estate. Saw an ad in local paper, a local agent offering positions paying $52k a year. I applied, and was mailed back a Jenman course leaflet. They wanted me to do a 3 month course, after which time I might be offered a position. Whats funny though, is that this same agent has had the…[Read more]

My question is:

If these people are in their late 40’s, earning $105k, why is it they dont own a home, and have such high debt? Seems they cant get by as it is, adding more debt to the mix will only make it worse.
Banks wont touch them because they are high risk, and rightly so. The best way to help these people is to deny them any more debt. If…[Read more]

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% !

geez Mel I dunno, Ive only shown the people an 8% return in 2 hours, lets not go nuts! lol

2pm:
sold 1000 RIO 3496
bought 1000 NAB 3090
(cross-sector pairs trade)

4pm:
NAB @ 3100 (+$100)
RIO @ 3079 (+$170)

total = $270. investment = $3300 (5% margin)
return = 270/3300 = 8.2% [8D]

those who got on my email list know what Im going on about,…[Read more]

Things that will trigger interest rate rises:

1. US economy rapid growth (highly likely given rates are 0.75%, and there is fiscal stimulus as well). Also applies to Japan and Germany. Does not need to be actual growth, merely the expectation/perception of it.

2. Drought ends. Farmers will suddenly have extra cash, and meat prices will soar.…[Read more]

I had a job interview today, as an equity advisor (stockbroker).

no answer yet, will keep you posted

other than that im just a bum with a diploma