Peter Thornhill 2017 #2

I haven't attended his course and lost the book years ago. So it would seem I don't qualify as advanced and hence I'm not eligible to attend. Probably best as nowadays I go psycho when in a big city. All I see around here is mostly cows and chickens:

 

Hehe. Note the usage of the word "should". And owning the book <\> as Having read the book... Peter himself is a fan of renting a lot of things anyway.

I reckon... if you can make it, it's a free ticket to you. I'll even throw in free accommodation at my place for you!

 

Thanks for the very kind offer. If it was in Brisbane as opposed to Sydney I would definately jump at the opportunity.

An online hookup so location is irrelevant would be great but probably in the too hard category.

 

@austing

If one person works and is in the higher income bracket and the other only works some casual work (i.e. $5k per annum) then does the below look correct?

Husband & Wife sold a lumpy asset

Up to end of this month they can contribute $35k each into a SMSF

High Income earner will pay 15% tax going in

Low Income earner will pay 15% tax going in, but will have that 15% tax refunded due to the Low Income Super Contribution (LISC)

 

Wow, what a beautiful place - living the hard life, clearly........

 

I'd love to - but it depends very much on the timing (as I'd have to factor in airfares, accommodation etc). Don't rule me out, though.........

 

If the advanced course was held in Brisbane - I would be interested.

 

haha! IF THE COURSE IS HELD AT AUSTING'S HOUSE, I WOULD FLY TO BRISBANE how's that?

 

The individual doesn't pay tax going in, it is the superfund that pays the tax.

if the individual can claim a deduction for the contribution they would be saving their marginal tax rate on the amount contributed

 

Just want to clarify something that is stuck in my head pretty pleeze...

During the GFC, did Peter load up on INDIVIDUAL shares like CBA or did he load up on LICs?

Many tks!

 

+1 for Brisbane

 

I would be interested. Although the current venue in Beecroft put me off from attending this one. I'll happily pay more for CBD.

 

He bought individual stocks like CBA. The last tranche was at $26 because he got an capital raising offer as an existing shareholder. Were LICS in the mix too at that stage? I'm not sure.

 

Definately individual shares. Not sure about LICs but if he's greedy like me it would have been both direct shares and LICs. The best opportunity for LICs was the bear market a couple of years (from memory) after the initial GFC crash.

PS: @Gockie beat me.

 

+1!!

 

I

I think your verandah is bigger than my house

 

Let's change the venue. Advanced Peter Thornhill event, to be held on @austing's verandah!

 

Which broking services would you recommend?

 

I work for CBA which owns Commsec so I'm not in an unbiased position. Best to have other forumites answers!

 

I have used Maq Prime and Etrader. Started with NAB now.
To be honest, it doesn't really make much difference. They all do the sane function.

It would be easier to go with your existing bank. Transferring money is lot easier. I could easily transfer funds from an offset to share cash management account to etrader within a min. Otherwise, you need to wait for one or two days!