by carey » Fri Sep 07, 2018 8:20 pm
by bennymacca » Fri Sep 07, 2018 9:12 pm
carey wrote:For mine I don’t know enough regarding shares I’ve also seen my boss lose thousands and thousands in super Crash a few years ago so I’ve invested in real estate. Brought my first house in 2006 and I now have 4.
Trader is spot on in terms of your mortgage I kept borrowing against the investments keeping ‘my’ mortgage as low as I could.
Might not be the highest % return but as I said I’m not educated enough on shares or stocks for me to invest in.
by Wedgie » Fri Sep 07, 2018 9:42 pm
by bennymacca » Fri Sep 07, 2018 11:27 pm
Wedgie wrote:Only thing I would have done differently when I was younger would be to never buy a house, and thats despite the fact my house cost 90k and is worth about 400k now. If only I could have my time again I could have been semi retired at 40 not 46.
by Booney » Sat Sep 08, 2018 8:06 am
by Wedgie » Sat Sep 08, 2018 9:15 am
bennymacca wrote:Wedgie wrote:Only thing I would have done differently when I was younger would be to never buy a house, and thats despite the fact my house cost 90k and is worth about 400k now. If only I could have my time again I could have been semi retired at 40 not 46.
why is being semi retired so important to you?
I know you had jack of your old career, but surely you realise it has severely limited your earning potential?
Obviously happiness is much more important than money, and the flexibility you have now would be great.
by Armchair expert » Sat Sep 08, 2018 10:03 pm
Wedgie wrote:I always upped my super especially when I knew I wasn't going to spend a lifetime with my ex.
Paid off too, at the age of 46 I already had no house payments to worry about, got a 60k lump sum and a 40k PA indexed pension for the rest of my life.
I could almost live off that if I chose not to drink or go out but as I do I still need to work most days!
by Wedgie » Sat Sep 08, 2018 11:12 pm
Armchair expert wrote:Wedgie wrote:I always upped my super especially when I knew I wasn't going to spend a lifetime with my ex.
Paid off too, at the age of 46 I already had no house payments to worry about, got a 60k lump sum and a 40k PA indexed pension for the rest of my life.
I could almost live off that if I chose not to drink or go out but as I do I still need to work most days!
How did you get this?
by GWW » Sat Feb 05, 2022 2:20 pm
by DOC » Sun Feb 06, 2022 8:27 am
by Jimmy_041 » Sun Feb 06, 2022 1:52 pm
DOC wrote:This link explains the process. https://www.finder.com.au/buy-facebook-shares All the ratings agencies like this one and Canstar etc. have a similar link.
They will and do direct you to the brokers and trading platforms that they are linked to (that is their list is not exhaustive).
Buying foreign shares will give you a different tax scenario than buying Australian shares also as there is currently no capital gains tax.
by DOC » Sun Feb 06, 2022 3:44 pm
by stan » Sun Feb 06, 2022 4:34 pm
by Jimmy_041 » Sun Feb 06, 2022 5:47 pm
DOC wrote:Thanks Jim for pointing that out as that is not quite correct. And if this is not still correct please advise:
I should have ended that last sentence with "if you have paid a capital gain tax in the USA".
Whilst you have to declare and pay the Capital Gains Tax on the sale, should you sell at a higher price, you can claim a foreign income tax offset for this amount IF the capital tax gain has been paid in the USA.
The same goes for the dividend income as Australia and the USA have a Double Tax Agreement. Any dividends are taxed in the USA. However, you are required to declare all your foreign income on your Australian tax return. So, you will need to declare your dividends on your Australian tax return. To avoid paying tax both in the USA and Australia you will need to claim a foreign income tax offset for the foreign tax you paid.
In short, if the taxes are paid in the USA you will not pay a second time.
by DOC » Sun Feb 06, 2022 6:17 pm
by Psyber » Tue Feb 08, 2022 3:45 pm
by DOC » Sun Feb 13, 2022 3:36 pm
GWW wrote:Now that Facebook/Meta shares have crashed I'm thinking of buying some.
Anyone got any tips on what to consider and the process for buying them? Ive never bought any shares before so I don't really know ow much about the process.
by Psyber » Sun Feb 13, 2022 5:46 pm
by amber_fluid » Mon Feb 14, 2022 4:24 pm
Psyber wrote:I keep adding reliable shares to my self-managed super fund and ride out the fluctuations. I haven't sold any since 2008. CBA cost me $60 a share then and recently were at $98. Of course they go up and down.
I'll have to have a look again soon - lately I've accumulated too much cash not earning much at the moment, even if it is only 25% of my portfolio.
by DOC » Tue Feb 22, 2022 1:24 pm
GWW wrote:Now that Facebook/Meta shares have crashed I'm thinking of buying some.
Anyone got any tips on what to consider and the process for buying them? Ive never bought any shares before so I don't really know ow much about the process.
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