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High income stock market trader

Discussion in 'Property Finance' started by yipman, 29th Nov, 2015.

  1. yipman

    yipman Member

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    Hi folks,

    Ive earned $350k in this tax year so far from trading the stock market.

    Last year was next to nothing.

    How can i borrow for a property?

    Will anybody lend to me? Or do i have to form a company first with me as a PAYG employee?

    Many Thanks
     
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  2. Omnidragon

    Omnidragon Well-Known Member

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    Set up a hedge fund and draw a fixed salary from it.
     
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  3. Terry_w

    Terry_w Structuring Broker and a Structuring Lawyer Business Member

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    You could possibly borrow. Even if averaged out over 2 years it would be good income.
     
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  4. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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  5. KayTea

    KayTea Well-Known Member

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    I would love to know how you've managed to select your stocks - they've provided really well for you. Were they bought and sold this year, or have they been a long term hold that have just performed well this year?
     
  6. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    In your own mind and heart, how duplicateable is the income in future years ?

    ta

    rolf
     
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  7. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide

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  8. Omnidragon

    Omnidragon Well-Known Member

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    The market averages 11% return per annum over the long run. If you have $3m equity investment you should in average make $300k. If you have an edge over the average retail investor you should make 15-20% return meaning you'd need $1.5m-2m to make $300k per annum.
     
  9. MTR

    MTR Well-Known Member Premium Member

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    this is long term though?
     
  10. MTR

    MTR Well-Known Member Premium Member

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    how do you do this, sorry I know very little about this, but like more information:)
     
  11. Beelzebub

    Beelzebub Well-Known Member

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    With those returns why would you buy property? Is it for a PPOR?
     
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  12. mrdobalina

    mrdobalina Well-Known Member

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    Is that this financial year? Considering we are only half way through this financial year.
    Sounds like day trading, or options trading. Highly volatile - win big, but can also lose big.
     
  13. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    I have more than one client that does ok with this stuff consistently, even forex.

    There is def an art to it

    ta
    rolf
     
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  14. Bayview

    Bayview Well-Known Member

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    Just pay cash with yer $350k. It'll be a cheapie, but all good.
     
    Last edited: 30th Nov, 2015
  15. yipman

    yipman Member

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    Thanks for the replies. I've turned $50k into approx $370k since July 1 with no leverage. I mostly trade small to mid caps and some move 5% in a day. I have compounded much of my gains.

    I cannot buy a house with that as my tax bill is currently standing at $120k. I already have PPOR on the way in my other half s name. I wouldn't want to even if my tax bill was zero. Leverage is the name of the game.

    But back to my question of whether a bank would lend on this at the end of the tax year even if i didn't earn another cent?

    Would a low doc loan lender suffice with a sign off from an accountant?

    Thanks
     
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  16. yipman

    yipman Member

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    I guess it depends on the future. I we see a bear market then gains could disappear. This is another reason why i wish to borrow asap.
     
  17. Beelzebub

    Beelzebub Well-Known Member

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    You need to inform me on where I go to learn the information I need to pull this off? I'm Very curious.
     
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  18. yipman

    yipman Member

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    Hi Jess. I simply wasn't trading last year. I can place down a 20% deposit on an IP so the loan would be serviceable as almost cash flow neutral whether i continued to earn $70k per month gross or not.
     
  19. willair

    willair ...Boris Johnson For Prime Minister... Premium Member

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    Is that after Tax,just working out the trading days this year so far,,.
     
  20. Terry_w

    Terry_w Structuring Broker and a Structuring Lawyer Business Member

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    Why use cash at all?