Total Members: 158,534

Richo

  • Richo replied to the topic Are books and Courses Tax deductable? in the forum Legal & Accounting 20 years, 5 months ago

    quote: if you dont have an IP then the cost of these courses/books are part of your cost base ie not tax deductable, however if you have an IP you can claim a deduction for the courses etc.

    How does this work for shares? I’m pretty sure you can claim against courses and books, etc, that relate to shares so if the above is true for property then…[Read more]

  • Richo replied to the topic ING Direct rate rise in the forum Hotch Potch 20 years, 5 months ago

    comdom,

    quote: Would you not be better putting cash in a managed fund earning 8, 9 or 10% ?

    I’d like to see you find a managed fund that has actually achieved 10% returns over the last year or two! I had some money in a managed fund and it went backwards, fast… so I took it out and have since done a much better job myself.

  • Richo replied to the topic Boo! in the forum Hotch Potch 20 years, 5 months ago

    It’s quiet because you can’t say the ‘S’ word anymore, as a result it’s become incredibly boring on this forum now…

    Yes, yes, I know if you don’t like it p^&* off.

    Whilst I haven’t left I have stopped coming here 5 times a day!

  • Richo replied to the topic Today is the day! (was reserve bank meeting) in the forum Hotch Potch 20 years, 5 months ago

    Procrastinator,

    Ask yourself would your bank manager say “Yes I think rates are going to rise so don’t borrow any money off us.”

    For what it’s worth I think there will be another small rise next week.

  • Richo replied to the topic Today is the day! (was reserve bank meeting) in the forum Hotch Potch 20 years, 6 months ago

    Go to http://www.rba.gov.au for confirmation, but luckyone is correct there is a board meeting on the 2nd of December. I would assume that an announcement, if any, would come later that day or early the following day. When was the announcement last time, on the day of the meeting or the following one?

  • Richo replied to the topic Cross roads: I need directions please in the forum No Subject 20 years, 6 months ago

    Sharon,

    I’m fairly new myself, but welcome aboard, this is a great place to learn about all sorts of investments and people on here are extremley helpful and knowledgeable so no need to be nervous. I don’t have any property myself so can’t comment on how I started because I haven’t yet! The best suggestion from me is to read as many posts as you…[Read more]

  • Richo replied to the topic Young Investors – Melbourne in the forum No Subject 20 years, 6 months ago

    Steve,

    I dropped you an email last week (I think) saying I’d be interested, I’m not sure if you got it??? Unfortunatley though I play cricket on Saturday’s so won’t be able to join in this time but would be keen on future meetings.

    Cheers,

    Chris.
    [email protected]

  • Richo replied to the topic Melbourne “Beginers” Investor Group in the forum No Subject 20 years, 6 months ago

    riffraff,

    Being somebody with no properties at present I’d be up for something like that. I’ll drop you an email as well.

    Cheers,

    Richo.

  • Richo replied to the topic New article: Trade Management/Money Management in the forum Hotch Potch 20 years, 6 months ago

    Crashy,

    To be fair I don’t think Wayne is advocating anyone to just go out and start trading after reading his articles. The fact is a lot of people don’t know where to start and I believe Wayne’s articles provide a very good ‘reference point’ for further investigation. Maybe it has been said “a hundred times before” to you, but for others it…[Read more]

  • Richo replied to the topic why have you decided to start investing? in the forum General Property 20 years, 6 months ago

    Because my time is more important to me than $x/hour!

  • Richo replied to the topic New article: Trade Management/Money Management in the forum Hotch Potch 20 years, 6 months ago

    Wayne,

    Good article and well written. For me personally this is the hardest thing to master when trading. It’s easy enough in theory but when it comes to the heat of the battle and emotions are running high, that’s when you need a plan like the ones you have outlined. Having said that though a plan is useless if you don’t have the discipline to…[Read more]

  • Richo replied to the topic Wildly Wealthy Women in the forum Hotch Potch 20 years, 6 months ago

    Name stealing! [:O] Geez, how much can a polar bear!?

    Sorry having one of those friday moments. [:D]

  • Richo replied to the topic i miss crashy in the forum Opinionated! 20 years, 6 months ago

    A bit of a long story, but basically he barred himself from the site. As to why he did, well I guess you should ask him. From my understanding though he made some posts that didn’t abide by the rules of this forum and was consequently dealt with. I guess he wasn’t happy with the treatment and so decided to make no more posts.

    I’m sure he still…[Read more]

  • Richo replied to the topic Steve 0-130 in 42 Months,Cowra : 0-80 in 6 months in the forum Hotch Potch 20 years, 6 months ago

    Interesting to note also that the same website is running articles like “Spring property sales cool”. Seems the 0.25% rise is starting to have it’s desired effect.

    I wonder when we’ll start seeing reality TV shows like “Bankrupt Blitz”. Where Jamie Durie turns his hand to financial planning and performs a finacial makeover on a couple that is up…[Read more]

  • Richo replied to the topic car by loan or by passive income? in the forum Hotch Potch 20 years, 6 months ago

    I own a 1983 VH commodore when I could’ve splashed out and bought whatever I wanted (with help from the bank). Only thing I will say about old cars and commodores in particular is that as well as being chick magnets [:D] (Wayne) they are also theif magnets! I had two car stereos knocked off in the space of 1 month! [:(] Having said that I did park it…[Read more]

  • Richo replied to the topic Business Plans. in the forum Hotch Potch 20 years, 6 months ago

    Hmmm seems like we have a few budding entrepeneurs amongst us! Thanks for the responses and I had actaully already stumbled across the Entrepeneurs Business Centre website. Seems like some smart entrepeneur has made a business out of getting other entrepeneurs started! melbear have you bought anything from the EBC website? If so was it worth it?…[Read more]

  • Richo replied to the topic Effect of property bust on share market in the forum Hotch Potch 20 years, 6 months ago

    My (very) basic understanding of the economy is that it is a function of how much people are spending. Furthermore stock markets are a function of the economy, i.e. a thriving economy leads to a thriving stock market.

    So my theory is that if/when there is an interest rate rise(s) many people won’t be able to meet budget. So you would think if…[Read more]

  • Richo replied to the topic bye bye D4F, hello ASSET in the forum Hotch Potch 20 years, 7 months ago

    As a D4F customer I was ropeable when they quietly slipped through the changes. Wayne is right who want’s to have twice as much money (5% to 10%) in your CMC account, they hardly instil me with a lot of confidence.

    But yeah the worst part is cutting from the ASX 200 to ASX 100. Seems to me they may have been burnt over the last couple of months,…[Read more]

  • Richo replied to the topic How many you got? in the forum The Treasure Chest 20 years, 9 months ago

    I’m with Perth guy, a big fat 0 at the moment but I’m 26 so figure I still have a bit of time up my sleeve. I have gained loads of knowledge in the share market though and have seen my share portfolio grow as a result.

    At the moment I’m assessing where I am at, I know where I want to be so the next move is to plan how to get there! Congrats to…[Read more]

  • Richo replied to the topic $7000 homebuyers grant Vs renting in the forum The Treasure Chest 20 years, 9 months ago

    Me again,

    I guess the interesting point to me was “An eligible home must be occupied by the applicant(s) as their principal place of residence within 12 months of completion of construction or settlement of the home.”

    Hmmm ‘within’ 12 months, that is a bit vague, to me that means I can move in after 11 months and 30 days, live there for a day…[Read more]

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Richo

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