I'd like to listen to his podcast too
Maybe you failed reading comprehension? "Ten million net income ...YES a creditable commercial portfolio for a individual investor." "When...
Whatever. it’s even worse poor form to call someone out for not having $10mil NET INCOME and hence not being a creditable investor. And your...
Go read the original post again? It read like a humble brag post saying 10+ mil is not big and he would understand that as a net income. Like in...
And it's not poor form to call out a BA for only having a portfolio over 10M+? I don't think many BA's have a portfolio over 8 figures. I mean...
Maybe read what i wrote and you'll see
But Scott has a portfolio over 46.5 mil... Does that sound a bit more qualified to be a BA?
Yes Beano share your net worth if you will criticise someone for having a portfolio over 10 mil...
What about low docs?
Any good commercial broker recommendations for QLD/NSW?
Do you know what’s the going interest rate for lease doc and low doc loans these days for above 1 mil?
Hi terry, Thanks for your help. In what situation will returning of corpus be taxable? Is it just if it is outside the family group ? Assuming...
Hello all, I was wondering if there are any things to know when wanting to return corpus/capital from a discretionary family trust. Let's say I...
Yea I just meant I created it from inception (appointor, director). I would prefer not have to sell down shares every year (2k worth) to have...
I would be entitled to 4k. The trust would have 2k in cash and 100k in ETF. Trust can only pay out 2k without having to sell assets, which means...
So basically I could gift 2k to the trust each year, which would mean the trust has 4k to distribute back yearly? It seemed like you and Paul...
What if there is not enough cash in the trust's bank account to pay the money? E.g. I gift a family trust 100k, the trust buys 100k in an ETF...
In what circumstances can a trust distribute franking credits without an FTE? My family trust holds ETFs which have franking credits attached in...
Hi Terry, Thank you for your response. I'm not familiar with this but I'm the sole director of the corporate trustee and specified beneficiary....
Hi, I have read that you can take out capital/corpus out of family trust without having to pay tax. I am wondering if I can do the same thing if...
Separate names with a comma.