Re: So, forum financial gurus...

[embee]

You're happy because you know this race causes a few Pacific Islands to disappear every year

[Henry]

The ASX 200 is a disaster at the moment. Performing much worse than pretty much every other developed country's index so far this year. Down 8% in the last 12 months.

F*cking miners. Not to mention the negative nelly economists who just love to talk down Australia's, China's, and indeed the whole world's economies at every given opportunity.

[JGK]

It's a bit weird given the falling AUD.

[Henry]

It's a bit weird given the falling AUD.

I think the downfall of Chuna is massively exaggerated. It seems to me that a gradual cooling of the economy is exactly what the Chinese leadership has wanted. They have plenty of room for stimulus if it's really required.

On top of that the US fed is about to lift interest rates- a general sign of strength and confidence in an economy.

I'm just not quite sure what Aussie investors are expecting to happen, unless the market has been over-valued for the last three years.

[Big Dog]

Had a two hour session with my financial planner today. Will have to stick it out for another twelve months before i retire.

[taipan]

01.11.2016

Had a two hour session with my financial planner today. Will have to stick it out for another twelve months before i retire.

Lucky sod. The way the markets performed here last year I have some ways to go.

[JGK]

01.11.2016

Had a two hour session with my financial planner today. Will have to stick it out for another twelve months before i retire.

Lucky sod. The way the markets performed here last year I have some ways to go.

BD might have to revisit his planner after the worst ever start to a a calendar year in just about every market.

[JGK]

Brutal day today.

[horace]

More to come. That's capitalism.

[skully]

I wonder about this all the time...



So the World is basically in debt to two families, the Rothschilds and the Rockefellars. Well fark me. God help us all if they decide to foreclose.

[JGK]

Suck shit you entitled little snot...

http://www.smh.com.au/nsw/verdict-oliver-curtis-husband-of-roxy-jacenko-guilty-of-insider-trading-20160531-gp7tve.html

[Red]

Funny how with interest rates there only seems to be one narrative - families with mortgages.

For those genuinely contemplating retirement, the low rates with prospects of further cuts must be a deterrent.

I know people in my business who have retired only to want to return, at least part-time, for this reason.

Governments will only change their tune if it impacts on the pension etc.

[taipan]

People want to return to work because of low mortgage rates?

[JGK]

Funny how with interest rates there only seems to be one narrative - families with mortgages.

For those genuinely contemplating retirement, the low rates with prospects of further cuts must be a deterrent.

I know people in my business who have retired only to want to return, at least part-time, for this reason.

Governments will only change their tune if it impacts on the pension etc.

If you are retired and own your own home, then falling rates will push up the value of your house and you can lock in a long term reverse mortgage to supplement your living expenses.

[taipan]

Funny how with interest rates there only seems to be one narrative - families with mortgages.

For those genuinely contemplating retirement, the low rates with prospects of further cuts must be a deterrent.

I know people in my business who have retired only to want to return, at least part-time, for this reason.

Governments will only change their tune if it impacts on the pension etc.

If you are retired and own your own home, then falling rates will push up the value of your house and you can lock in a long term reverse mortgage to supplement your living expenses.

So a reverse mortgage is where you withdraw a certain amount pm up to a pre-agreed amount?

[Red]

People want to return to work because of low mortgage rates?

Of course you're being deliberately obtuse. Low interest rates help those with big mortgages but not those with nest-eggs trying to live off retirement funds.

JKG, I know people who don't want reverse mortgages they just want better returns for their accumulated funds, especially those who paid huge interest rates for some years on their homes.

If you are to live a long time and destined for a nursing home, you still need enough equity left in your home to cover costs. Some others want the full value of their home to bequeath money to their children.

[taipan]

People want to return to work because of low mortgage rates?

Of course you're being deliberately obtuse. Low interest rates help those with big mortgages but not those with nest-eggs trying to live off retirement funds.

JKG, I know people who don't want reverse mortgages they just want better returns for their accumulated funds, especially those who paid huge interest rates for some years on their homes.

If you are to live a long time and destined for a nursing home, you still need enough equity left in your home to cover costs.  Some others want the full value of their home to bequeath money to their children.

Actually not. I cannot conceive of any reason why I would want to return to work to finance a mortgage. I went through enough shit last year to get it paid off.

[JGK]

People want to return to work because of low mortgage rates?

Of course you're being deliberately obtuse. Low interest rates help those with big mortgages but not those with nest-eggs trying to live off retirement funds.

JKG, I know people who don't want reverse mortgages they just want better returns for their accumulated funds, especially those who paid huge interest rates for some years on their homes.

If you are to live a long time and destined for a nursing home, you still need enough equity left in your home to cover costs.  Some others want the full value of their home to bequeath money to their children.

Those huge interest rates are long gone and they have been well compensated by the increase in the value of their properties. If you don't like the rates you get by lending (i.e. putting money into an annuity) then you should be happy with borrowing. 10 year rates are about 4% at the moment. And the dollars involved aren't huge.

As for those who want to leave money for their kids - tough. You don't get to complain about not having enough money to live off in retirement if that is your goal.

[skully]

Suck shit you entitled little snot...

http://www.smh.com.au/nsw/verdict-oliver-curtis-husband-of-roxy-jacenko-guilty-of-insider-trading-20160531-gp7tve.html

Aye, what a qunt. I note his wife Roxy was Instagramming pics of herself in the designer outfit of choice each day of the trial. What a pompous pair.

[skully]

As for those who want to leave money for their kids - tough.  You don't get to complain about not having enough money to live off in retirement if that is your goal.

Word. I'm not expecting anything in the way of inheritance, and neither should my kids.

[taipan]

People want to return to work because of low mortgage rates?

Of course you're being deliberately obtuse. Low interest rates help those with big mortgages but not those with nest-eggs trying to live off retirement funds.

JKG, I know people who don't want reverse mortgages they just want better returns for their accumulated funds, especially those who paid huge interest rates for some years on their homes.

If you are to live a long time and destined for a nursing home, you still need enough equity left in your home to cover costs.  Some others want the full value of their home to bequeath money to their children.

Those huge interest rates are long gone and they have been well compensated by the increase in the value of their properties.  If you don't like the rates you get by lending (i.e. putting money into an annuity) then you should be happy with borrowing.  10 year rates are about 4% at the moment.  And the dollars involved aren't huge.

As for those who want to leave money for their kids - tough.  You don't get to complain about not having enough money to live off in retirement if that is your goal.

Sage. About 4 years ago I had the talk with my kids about finishing their degrees. The benefit for me is that I would be able to invest what I was spending on varsity fees. The benefit for them is that if I could invest enough I wouldn't have to sponge off them. Any inheritance was to be viewed as a bonus.

[Red]

As for those who want to leave money for their kids - tough.  You don't get to complain about not having enough money to live off in retirement if that is your goal.

Word. I'm not expecting anything in the way of inheritance, and neither should my kids.

Actually agree with you but not everyone thinks this way.

[skully]

i-Geners already expect life to be handed to them on a plate. They have two feet, they need to learn to stand on them, like their parents did.

However, if the silver spoon brigade wants to mollycoddle their sprogs and leave them a large inheritance to fight over, as MrK says, they don't get to whinge about retirement funds.

[Bradman]

When you think about it the late (last third) boomers got farked over. High rates when they should (i.e late twneties not "as soon as I get a job")have been buying their homes and low rates as they retire.

But having said all that I endorse, and found enjoyable reading, all MrK's tough love.

[skully]

Suck shit you entitled little snot...

http://www.smh.com.au/nsw/verdict-oliver-curtis-husband-of-roxy-jacenko-guilty-of-insider-trading-20160531-gp7tve.html

FFS

"Sydney publicist Roxy Jacenko has told a judge she would have to slash her long working hours to mind her children if her husband is jailed for insider trading.

While the crown has called for Oliver Curtis to be jailed, Ms Jacenko says 'the loving husband and wonderful father' is the primary carer of their children and their nanny is leaving the family in August.

In a reference submitted to the NSW Supreme Court, Ms Jacenko says she has never doubted the integrity or morals of her husband who is a 'kind, considerate, honest and reliable man'.

'I have no doubt that he will never be involved in anything like this again,' she wrote.

Curtis, 30, was found guilty of conspiracy to commit insider trading and is due to be sentenced on Friday.

He secured a $1.43 million windfall through 45 trades that were based on illicit tip-offs given to him by his childhood friend, former Orion Asset Management employee John Hartman, between May 2007 and June 2008."

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Shirley she cannot be serious. I hope the Judge had to choke back his chortle.

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