Discussion in 'Share Investing Strategies, Theories & Education' started by Hosko, 20th Jan, 2019.
Would CBA be your choice of the banks currently?
No none were blue chip but the way I was thinking they were going to be looking at the office wall I took a big hit
on One Tel backed by several high end backers like the Packers and Murdoch and started with Jodee Rich and Brad Keeling the court appointed liquidators finished the one ..Another was BWN a coal miner that I bought in several times from a very low base line up too 45 cents they fell into 5 cents and several others that still thinking back were a dark void filled with rumour and conjecture ..
Maybe the same as the new 24/7 tv investing channels that constantly talk up the market to get another headline watching those show with the people talking as experienced players would do your head in sometimes you reach the point where rises are no longer sustainable and sudden correction is most likely and will be dramatic ..When that happens just sit back and never sell blue chips from my experience they can drop 50% and more but the div's just keep turning up the price always goes back above the previous high then the whole sideshow starts again..""IMHO""
if u were to pick banks i would pick macquarie (not financial advice)
Have you considered using super salary sacrifice route to invest for your children?
can't touch it,
reduces your marginal rate for the year
the way I see... super salary sacrifice amount straight away gives a profit of 'marginal rate- 15%'. and eventual CG is taxed max at 15%
Thanks but by the time I can access super the benefit for the kids would be outweighed.
I'm looking for 15 years type timeframe to access the funds. I'll be unable to touch super for around 25 years
you can loan it from your cash-flow when needed?
lets say your MarginalRate is 37%,
to get 5k disposable you need to earn 7.95k pre tax,
Pre tax earning: 7.95k will become initial capital: 5k,
with [email protected]% compounded, return = 2.7k - [email protected]
Inside super with SalarySacrifice,
Pre tax earning: 7.95k will become initial capital: 6.75k,
with [email protected]% compounded, return = 5.5k - [email protected]%
Just a thought,
Yep I get the concept. How do I get the cash out for the kids if I'm not of age to access super?
Update, I'm leaning towards VDGR. Put the money in there and forget, rather than the current paralysis by analysis and trying to squeeze every last drop from the lemon.
What about letting them pick one each: "do you want Chinese food or McDonalds tonight"?
Then buy one VAE https://static.vgcontent.info/crp/intl/auw/docs/etfs/profiles/VAE_profile.pdf
and the other VGS
Having a pseudo-bet on the two superpowers could be a fun exercise
Sounds like a reasonable exercise. Check back in 15 years!
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