get me outta here
Senior Member
- Joined
- Nov 18, 2011
- Posts
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- Qantas
- LT Silver
I think the wombat is safe. Perhaps those attempting an insincere grovel face.
I’m thinking .... Wombat
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I’m thinking .... Wombat
Very difficult to time to marketNo it was totally random dumb luck. Which is why I understand JohnK when he speaks of the share market in terms of gambling.
Non-believers in the miracle of compound interest. Such people are usually very frugal so tends to balance out a bitThere are people who do not believe in banks, they have all their wordy wealth "buried in the backyard"
Compound interest these days? Ya dreamin!Non-believers in the miracle of compound interest. Such people are usually very frugal so tends to balance out a bit
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Compound interest these days? Ya dreamin!
Sure. But wait until you retire and see how you feel about 1.5% if you are risk adverse. Our super fund has the same rate up to $250k. But if wanting to actually live off that when health funds, power, water etc are well above inflation then it’s not a great place to be. Thankfully we have some time to resurrect it but for those aged over 65 and fully retired it must be very stressful watching your life goals slip away.OT, and maybe not that much, but my CBA business account pays up to 1.5% with no fees. Not bad for a business account.
Sure. But wait until you retire and see how you feel about 1.5% if you are risk adverse. Our super fund has the same rate up to $250k. But if wanting to actually live off that when health funds, power, water etc are well above inflation then it’s not a great place to be. Thankfully we have some time to resurrect it but for those aged over 65 and fully retired it must be very stressful watching your life goals slip away.
Yes that’s very true too. I think it’s going to be years.Very true. The flip side to higher interest rates on deposits = higher interest rate for home loans and everything else. There is always some pain depending on what side of the line you're on. Can't see higher interest rates kicking in anytime soon...
More information about IFL here: .IOOF splits super trustees from funds | Professional PlannerScratching head……
IFL looks a raging red hot buy buy to me
Just got off the phone to the broker who was extremely negative and in the process confirmed my view that he is a goose……
otoh.. a fool and his money et al..
hmmmmmmmm
the thing is not to panic. I am not enjoying the current value of my super fund and there is a possibility of reduced dividends, if share market drops translate into a recession, but you only lose if you sell. The actual value doesn’t worry me too much as it will go up again. You have to have shares that aren’t going to go bust and part of my strategy a few months ago, was to go through borrowings and make sure I didn’t have anything that had high debt - they tend to be the vulnerable companies.Sure. But wait until you retire and see how you feel about 1.5% if you are risk adverse. Our super fund has the same rate up to $250k. But if wanting to actually live off that when health funds, power, water etc are well above inflation then it’s not a great place to be. Thankfully we have some time to resurrect it but for those aged over 65 and fully retired it must be very stressful watching your life goals slip away.
Yes, I hear that but my brain does not compute. Which is why I’m so pleased I’ve moved a lot of our funds into HESTA for diversification and they can juggle things better. The rest is in cash which is miserable earnings but at least I can’t see red. I’m hoping with the house sale we can top up super to the max as personal contributions. Thank god Adelaide never experienced the dizzy highs so for our market it’s just slow and steady. And I’m thinking I will look at getting an income by working back in the business post Christmas even if I put it all through as salary sacrifice.the thing is not to panic. I am not enjoying the current value of my super fund and there is a possibility of reduced dividends, if share market drops translate into a recession, but you only lose if you sell. The actual value doesn’t worry me too much as it will go up again. You have to have shares that aren’t going to go bust and part of my strategy a few months ago, was to go through borrowings and make sure I didn’t have anything that had high debt - they tend to be the vulnerable companies.
well I don’t like seeing red - no-one does unless they are a masochis_, but you have to just stay calm and remember it’s a cycle.Yes, I hear that but my brain does not compute. Which is why I’m so pleased I’ve moved a lot of our funds into HESTA for diversification and they can juggle things better. The rest is in cash which is miserable earnings but at least I can’t see red. I’m hoping with the house sale we can top up super to the max as personal contributions. Thank god Adelaide never experienced the dizzy highs so for our market it’s just slow and steady. And I’m thinking I will look at getting an income by working back in the business post Christmas even if I put it all through as salary sacrifice.
I think we’ve had this discussion before as it sounds familiar and I checked it and because it’s active Super and in a trust account it isn’t eligible. The money doesn’t ‘belong’ to us yet as one hasn’t permanently retired and won’t be taking it as a lump sum when he does.@Pushka why are you accepting 1.5% when you can get 2.87% at call on a savings account?