My personal State of the Nation and next financial steps ...

Discussion in 'Investment Strategy' started by hillsguy, 2nd Oct, 2015.

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  1. Ian87

    Ian87 Well-Known Member

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    Sell the 1.9m house buy something for half that price add the surplus to your current 1.3m. Invest in some dividend paying shares. Go to the beach have a beer and pat yourself on the back. Dividends probably won’t be 150k but if you really want out of the corporate world right now then they should be enough.
     
    Ian87, 8th Jan, 2019
    #21
    Terry_w likes this.
  2. Phar Lap

    Phar Lap Well-Known Member

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    Phar Lap, 8th Jan, 2019
    #22
  3. Phar Lap

    Phar Lap Well-Known Member

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    anyway.....hmmmhuhhmmm, I have a proposal.....
     
    Phar Lap, 8th Jan, 2019
    #23
  4. twobobsworth

    twobobsworth Well-Known Member

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    Hills house would be about $1.7-1.75m now.
     
    twobobsworth, 8th Jan, 2019
    #24
  5. Brady

    Brady Well-Known Member

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    You haven't done anything with your funds/equity in a few years.
    Why are you going to do anything now?
     
    Brady, 8th Jan, 2019
    #25
  6. Phar Lap

    Phar Lap Well-Known Member

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    so he can get out of the rat race, read his OP
     
    Phar Lap, 8th Jan, 2019
    #26
  7. hillsguy

    hillsguy Well-Known Member

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    Yes - she finished her course ... my bad for not updating thread correctly !

    No investing since last post since prices keep coming down !
     
    hillsguy, 8th Jan, 2019
    #27
  8. hillsguy

    hillsguy Well-Known Member

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    What about income ?
     
    hillsguy, 8th Jan, 2019
    #28
  9. hillsguy

    hillsguy Well-Known Member

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    I have invested over the years in a few funds (Montgomery). Looking forward now for a regular monthly type dividend to replace income.
     
    hillsguy, 8th Jan, 2019
    #29
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  10. Trainee

    Trainee Well-Known Member

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    You either aim for a lower income or make the assets work harder. The unencumbered expensive ppor is a drag in the growth phase.
     
    Last edited: 8th Jan, 2019
    Trainee, 8th Jan, 2019
    #30
  11. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Income is overrated!

    But he could retire with a nice passive income.
     
    Terry_w, 8th Jan, 2019
    #31
  12. hillsguy

    hillsguy Well-Known Member

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    Please do share ... :)
     
    hillsguy, 8th Jan, 2019
    #32
  13. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    There are many things you could do such as
    a) borrow against your property to invest in high cash flow assets
    b) buy capital growth assets and harvest the capital gains every few years
    c) live on rents and capitalise interest on investment properties
    d) downsize
    e) use the 6 year rule

    You should sit down with a planner and tax advisor
     
    Terry_w, 8th Jan, 2019
    #33
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  14. hillsguy

    hillsguy Well-Known Member

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    Will do ...

    Would be great to expand on point a ...
     
    hillsguy, 8th Jan, 2019
    #34
  15. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Well, if you could borrow at 4% and get 8% you would be making 4% profit. On $1mil that could be $40k per year in income.
     
    Terry_w, 8th Jan, 2019
    #35
  16. hillsguy

    hillsguy Well-Known Member

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    Agree - but what asset can fairly consistently pay 8% monthly ?
     
    hillsguy, 8th Jan, 2019
    #36
  17. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Monthly would be a bit of a risky investment. consider a yearly return.
     
    Terry_w, 8th Jan, 2019
    #37
  18. hillsguy

    hillsguy Well-Known Member

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    Thanks Terry ... makes sense.

    Are you able to share or msg me perhaps a few examples of these ?
     
    hillsguy, 8th Jan, 2019
    #38
  19. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    No. You will need to get licensed advice and I am not licenced to do this.
     
    Terry_w, 8th Jan, 2019
    #39
  20. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Something that I can mention is that you can get high yields on property - 12% is possible.
     
    Terry_w, 8th Jan, 2019
    #40
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