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]

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.

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!

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.

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]

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.
cprichmond@hotmail.com

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.

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]

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]

Sorry having one of those friday moments. []

I’m sure he still…[Read more]

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]

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]

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]

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]

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]

I have no property and I’m thinking the best thing for me to do at the moment is buy a PPOR, live in it for a while and then rent it out. I’m…[Read more]

I was thinking of investing with my sister in order to boost the start up capital, however…[Read more]

There seems to be some doubt that 95% leverage is not achievable, well I’m here to tell you that it is here and now! westan is right though 95%…[Read more]

Like crashy I too am geared into the share market, whilst I don’t use a broker, I do get 95% LVR on my funds. I use a derivative product called Contract For…[Read more]