Hi all,

In reference to the original topic of this post: 50+ columns of rentals in last Saturday’s Canberra Times. That excludes the private ones too.

Looks like your prediction is correct again Bill.

Kind regards, Phil

Hi Steve,

Am I on the right track? I would be keen to hear your summary.

Kind regards, Phil

Hi C2,

Stoneballing ? Sounds extremely painful. Gives a new meaning to break costs!

Regards, Phil

Hi all,

We have a Coke machine at work. It’s a social club thing. The guy who set it up used to work for Coke, so I guess that helped his resourcing. They pay 50c a can and sell for $1. They have thousands in the kitty apparently. Price a can of coke today, I think they are over $2.

I remember those “tennis game” machines Bill. Great fun as a…[Read more]

Hi nu gen,

Good thanks. Thanks for asking. Not looking at buying for some time yet though.

Forever learning here. Just met my neighbour who had a drive-by valuation done on his place only last week. Same house (in a complex of 12), same bank, and same purpose – debt consolidation. His valuation was $15K greater than mine. I’m waiting for my…[Read more]

Hi C2,

I agree, not everyone wants to be a millionaire.

My point on the ice-cream example was not clear.

I am not suggesting that people are poor because they choose instant gratification. I am saying that because they are poor for whatever circumstance, finances often limit them to the small luxuries. Home ownership for many might be an…[Read more]

Bill,

Well, it’s near 0140 and she isn’t home yet. A planned night out though, I’m sure she’s OK.

I’m going to bed.

Kind regards from the Favourite Uncle of course.

Phil

Hi Bill,

Had the same from 2 “friends”.

First friend opened the phone conversation with “I want to put a business proposition to you”.

My response: “As long as it isn’t Amway, I’ll listen”.

Friend’s response: “What if it is?”

Guess what it was!!

Second “friend” .. went on about the lifestyle of Amway .. I suggested that he bring his own pen…[Read more]

Hi C2,

I just love the psychology of your story. Yet you ended up playing the boss against his own approach of “divide and conquer”. Fantastic.

I had a similar experience, although it took us 10 years to see the end of our boss, asked to resign mind you.

My new boss is approachable, knowledgeable, experienced in lots of areas hands-on,…[Read more]

Guys and girls,

Well constructed arguments by both parties here. Richmond, well put, no one chooses to be poor. And I say that not just because you showed me empathy re the Child Support issue.

To balance that argument however, (forever a fence-sitter I am, as I see valid points in most any debate, perhaps I should be a Diplomat), I would like…[Read more]

>>I purchased the WrapPack some time ago and the best part of it for me has been the $50 financial calculator. Basically you need to spend more after shelling out the $2000, there was an enclosed letter from a WA based solicitor named >>Jeremy Malcolm who specialises in the contracts required. You also need to obtain a credit providers licence,…[Read more]

Fullout,

You are the Landlord. Grab it by the b&^^% and take charge. As you suggested managing it yourself, I can only presume your IP is local to you.

Who cares what stories the agent might tell? If you approach your tenants, explaining that you are unhappy with the agent’s service, yet you value them as tenants, no one will lose excepting the…[Read more]

Josh,

Would you care to start a new topic under “General Investing”? Provided that we talk in general terms, we should not be locked out.

I would be keen to hear about the fun you are having in the stock market.

Kind regards, Phil

Ok you buggers,

Convince me again NOT to sell my house.

I weighed up Alf’s logic 2 weeks ago, and felt the same as he. However, Bill you are adamant that I should ride it out.

I’m thinking if I had cash in the bank to be set for an opportunity in say 18 months time, I would have enough cash to borrow far less than 80% on another PPOR then. This…[Read more]

Hi Paulee,

Well, you have just shown me three lessons in your introduction.

Your topic already suggests that we need to crawl before we can learn to walk. You have foregone your car for the prospect of long term wealth. You are obviously savvy enough to form your own opinion about not buying until after Christmas.

Well done.

Arguments for and…[Read more]

KK and Josh,

The response time on site is now negative and getting slower. The letters appear only after the sentence is written. Please excuse any slow responses to your thoughts.

Points taken. However, if a poor person starts spending the disposable income, what do you think this will do for the economy?

If spent, surely we will see growth,…[Read more]

Kkowalsk and Fatboy,

“They” can cry all they want .. the point is, as Fatboy refers to is equity of effort and risk.

The poorer have a doubled break in tax, and the richer must get smarter because nothing is tax deductable. Reward for effort is then more equitable and encouragement to work is more attractive with a reasonable flat tax rate.…[Read more]

Hi fellow taxpayers,

What are your thoughts on an even simpler tax system?

Double the tax free threshold to $12,000 and pay a flat rate of tax after that amount regardless of personal income. No claimables, no rebates, income derivation is up to the individual.

Staples cost the same for all, luxuries are a choice for those who choose to afford…[Read more]

Thanks Shaun,

I’m just being lazy and waiting to get your copy on Saturday as offered. Looking forward to that.

See you then,

Regards, Phil

Hi Westan,

In two words .. no way. Jitters might not be the word, but more along the lines of what Richmond said .. take a quiet look. That is, keep an eye on the market continually. My bet is no buying until at least 6 months after the next interest rate rise. Wait for the flood and perhaps diversify in the mean time.

Kind regards, Phil