Got ya. Sorry to hijack here but I feel like OP and I are in a similar situation. I have a low income earning partner so I would love to take...
Terry I thought you were having a month off the forums :p:D
For debt recycling to work you need to be receiving regular dividends right? So investing in international shares that don't pay much of a...
Yeah like I said he seems to twist Thornhill's approach a little but then blows it out massively. In this case, he's probably talking about the...
Came across this post (and several) like it on the Whirlpool finance forum. Do any of the Thornhill advocates pay much creedence to this? He seems...
What I meant was you have to be careful about the route the money takes to your trading account. I.e no detours from the loan account. NAB (as far...
Yes but NAB are not easy to deal with. A split means a whole new application. I also don't think you'll be able to withdraw the money directly...
Got it now. Thanks Terry. The return is small but over time it will add up I guess.
OK so with real numbers: $10K invested. $400 dividend $171 franking credit $571 taxable income Tax rate - 37% Gross tax payable - $211 Tax...
Hey @Terry_w, tax question for you. Let's say I split my PPOR loan into two. Loan A $490K, Loan B $10K. I pay down Loan B, immediately redraw and...
That's mostly what our plan is at a high level, except for the super contributions. I understand the tax benefits but I don't like the idea of it...
She has read bits and liked it. I've left the book on her bedside table as a subtle reminder. I watched Peter Thornhill's series of videos with...
Yeah for sure. She definitely felt better about an index/LIC because of the spread of different companies you're investing in - not just one.
Yeah this is why i'm hoping for once-off strategic advice rather than something ongoing. Happy to then go and do my own research and buy the...
If an FP tries to send me down the high fee/active managed fund path I'll be steering clear. Part of my screening process I guess you could say.
Thank you for the reply! I wouldn't be comfortable with an IP. Mainly because of the extra debt we'd need to take on to get started but also...
Thanks @Big Al . I will reach out to @Alex Straker. I definitely want to keep it simple, which is why I like the idea of LICs. Set and forget. And...
Thank you. It's really easy to understand when you put it like that. Last thing I want to do is force her but if she hears it from a professional...
That's the million dollar question I suppose. If i'm able to find a FP that can give once-off advice at a reasonable hourly rate, and their advice...
Hi guys, Long time lurker first time poster. I've been analysing and improving our financial situation for the past 6 months thanks to reading...
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