So, forum financial gurus...
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So, forum financial gurus...
Where does one put his money thes days? Have a tidy sum just made available from a good real estate venture, and was gonna whack it a top-200 equities fund, but Greece seems to have sppoked the bejezus out fo world markets again. The Reserve Bank has made term deposits worth bugger all, as well. What is a man to do? Simply take 5 and a bit percent, or gamble that stocks are cheap at the moment?
skully- Number of posts : 106496
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Re: So, forum financial gurus...
Gold
Silver
Watches
Silver
Watches
Paul Keating- Number of posts : 4663
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Re: So, forum financial gurus...
And also your cash is safer under your bed
Paul Keating- Number of posts : 4663
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Watches? I should invest in a swag of Rolexes?
skully- Number of posts : 106496
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Re: So, forum financial gurus...
I'm prolly gonna take the 5.3% on offer for 3 or 6 months, just to see how the equity markets go.Paul Keating wrote:And also your cash is safer under your bed
Cheers, P.
skully- Number of posts : 106496
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Re: So, forum financial gurus...
Do you know a rolex that has gone down in value in the past decade?
Paul Keating- Number of posts : 4663
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I would not have had a clue about that triv question.
skully- Number of posts : 106496
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Re: So, forum financial gurus...
Do you have a mortgage?
JGK- Number of posts : 41790
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Re: So, forum financial gurus...
No. So paying off a mortgage is the best investment at the mo?
skully- Number of posts : 106496
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So I presume currency is too risky at the moment?
How low can stock markets go?
How low can stock markets go?
skully- Number of posts : 106496
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Paying off your mortgage is ALWAYS the best investment.
If you still want to invest, separately borrow to make that investment because you will then have deductible debt.
If you still want to invest, separately borrow to make that investment because you will then have deductible debt.
JGK- Number of posts : 41790
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I would'nt go near the market until the Greece,Italy, Ireland issues have been worked out....same with Super.
I'd go with short to medium term TD's until the picture becomes clearer.
I'd go with short to medium term TD's until the picture becomes clearer.
Re: So, forum financial gurus...
Agreed, which is why I did that about 20 years ago.JGK wrote:Paying off your mortgage is ALWAYS the best investment.
Last edited by skully on Wed 16 May 2012, 08:55; edited 1 time in total
skully- Number of posts : 106496
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Cheers BD. This has been my strategy for the past 2 years and will remain so for a while yet.Big Dog wrote:I would'nt go near the market until the Greece,Italy, Ireland issues have been worked out....same with Super.
I'd go with short to medium term TD's until the picture becomes clearer.
skully- Number of posts : 106496
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Re: So, forum financial gurus...
No dead cat bounce today. ASX looks to be heading towards 4000 again.
skully- Number of posts : 106496
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I reckon it's all a bit oversold. There is no new information re Greece, the problem is just a bit more imminent.
JGK- Number of posts : 41790
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Re: So, forum financial gurus...
The lazy bum-farkers won't get off their arse and work harder, nor do they want to leave the Euro zone. Qunts.
skully- Number of posts : 106496
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Re: So, forum financial gurus...
If it's money that you don't otherwise have a short to medium term use for you might want to consider Term Deposits within super or directly in you wife's name, whichever f those two has the lower tax rate. You might want to consider super in your wife's name if she is older than you.
Mick Sawyer- Number of posts : 7267
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Re: So, forum financial gurus...
Cheers, Mick. Already considered, but the Chief's expiry date has continued to cloud the issue i.e. it will be in my name before long anyway. Her super is worth squat (about $23K so it's difficult to build hers up much to give us a decent allocated pension from her nest egg) and as I understand it, there is an annual limit of how much I can put in her account before tax starts to bite (happy to be corrected). Adding to mine brings down the fee % charged to under 0.45%.
Still, am grateful for the advice. TD looks the most likely option at the moment.
Still, am grateful for the advice. TD looks the most likely option at the moment.
skully- Number of posts : 106496
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Re: So, forum financial gurus...
Hard to get much above 5.5% at the moment.
JGK- Number of posts : 41790
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Yeah, my Super Fund is offering 5.4% for 180 days. That'll have to do. Better than the 5.5% that the ASX has lost in the past few weeks.
skully- Number of posts : 106496
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Re: So, forum financial gurus...
1] Gold
2] Stocks of good companies [when their prices slide in these topsy turvy days. They do go up and down a lot now. They will shoot up sooner surely allowing you a kill. You will need patience and bide some time though].
How much are banks offering on FDs? In India it's an high interest period for the moment and senior citizens get more.....
2] Stocks of good companies [when their prices slide in these topsy turvy days. They do go up and down a lot now. They will shoot up sooner surely allowing you a kill. You will need patience and bide some time though].
How much are banks offering on FDs? In India it's an high interest period for the moment and senior citizens get more.....
Batman- Number of posts : 8881
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Re: So, forum financial gurus...
skully wrote:Cheers, Mick. Already considered, but the Chief's expiry date has continued to cloud the issue i.e. it will be in my name before long anyway. Her super is worth squat (about $23K so it's difficult to build hers up much to give us a decent allocated pension from her nest egg) and as I understand it, there is an annual limit of how much I can put in her account before tax starts to bite (happy to be corrected). Adding to mine brings down the fee % charged to under 0.45%.
Still, am grateful for the advice. TD looks the most likely option at the moment.
OK, understood about the uncertainty. fwiw; she/you can stuff in $450k from after tax dollars across across a 3 year period. Some funds will offer family fee aggregation.
Mick Sawyer- Number of posts : 7267
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Yeah, well across the 3-year $450K limit, but don't quite have that amount of cash at hand to invest. At the moment working on the best forward strategy, given the post-50 year old $25K total super contribution limit, prior to full tax being paid on salary-sacrificied contributions.
Cheers again, MS.
Cheers again, MS.
skully- Number of posts : 106496
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Re: So, forum financial gurus...
skully wrote:The lazy bum-farkers won't get off their arse and work harder, nor do they want to leave the Euro zone. Qunts.
It's too easy to blame it all on the Greeks themselves, skulls. The fact of the matter is - that Greece borrowed way over the limits allowed by the EU "rules", so to speak .... and none of the other member states did a damn thing about it.
The whole system was doomed to fail from the beginning - as showed in spectacular fasion 20 years ago when we first shadowed the Dmark and then joined the ERM at what was generally considered at the time too high a rate. The subsequent carnage which cost us £3.3 billion or so will be forever known by economists as Black Wednesday.
Considering that only a few years ago a country as small as Britain couldn't set a single interest rate both low enough to help the impoverished and deprived North East without overheating the rampant house price inflation in London & the South East. Had they raised rates to cool that, then the North of the country would have simply been driven even deeper into the mire.
It therefore follows that there was never a chance of converging economies as diverse as Greece & Italy (complete basket cases) with that of Germany.
Ironically, the best thing that could happen to Greece is a managed return to the Drachma, with an appropriate devaluation to enable them to slowly trade their way out of the mess. As it is, we are all throwing good money after bad, and it is purely the hubris and pig-headedness of our politicians that stands in the way.
You think your lot are a bunch of utter dick-heads ........ trust me, they are political wizards compared with the goons running most of Europe.
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