People gotta look after themselves...

Discussion in 'Investor Psychology & Mindset' started by Gockie, 20th Nov, 2016.

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  1. Perthguy

    Perthguy Well-Known Member

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    Perth
    One issue in their case is that Centerlink have valued the property above the apparent market value. But yes, they can buy a lifetime annuity or invest in listed securities. They won't though. They have decided to invest in property to leave an inheritance for their children.

    I don't particularly object to them spending some capital either. The problem is that the property that is worth so much it got them kicked off the pension is on the market now and offers are coming in at $100,000 less than the Centerlink valuation. On the Centerlink value, they get no pension. On the market value, they get a part pension. It makes a difference when you are a low income earner.
     
    Perthguy, 27th Nov, 2016
    #81
  2. Perthguy

    Perthguy Well-Known Member

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    Perth
    You are not from the old inheritance mentality which drives people who are from those generations.
     
    Perthguy, 27th Nov, 2016
    #82
  3. Angel

    Angel Well-Known Member

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    I had a squizz on Jackie Lambie's Facebook page. It really is fair dinkum
     
    Angel, 27th Nov, 2016
    #83
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