Recent content by The Y-man

Re: Attending AGM's Yes, but I understand you can only claim "reasonable travel and accomodation expenses". i.e. for interstate, the flight there and back, one night's accomodation, and 3 meals. If you stay any longer, you will need to apportion the costs (i.e. you can only claim 1/2 the...

Ooops...sorry, Westpac do it for much less!! $250k pa income and any combo of loans, depsoits and investments with Westpac above $1mill http://www.westpac.com.au/internet/publish.nsf/Content/PBSVPB+Membership+criteria

Unfortunately, the banks won't even consider you as a serious private banking customer unless your net worth is over $2.5m........and even then, they just offer to put your money into managed funds Cheers, The Y-man

Hi Nathan, This is very true. I suppose what I am trying to allude to, is that cash investments may not be the most tax effective method of investing/generating passive income (although probably one of the least volatile). For myself, I am willing to take on slightly more volatility, in order...

I always assume it is net worth. Some people go so far as to say net worth not including super, and also if you are married, you should really have a net worth over $2m (i.e. $1m each). You never brag to your mum (assuming she is not as wealthy as you) - as the following will happen: 1...

I supose how suddenly you came into the money - you'd be surprised how "mundane" an amount it is once you get there..... it's just a few more zero's on the end of your trade values or quantities... (although I must say the brokerage gets better and better :) ) Cheers, The Y-man

Problem there Nathan is that if that was in Australia, you'd see about $25~30k of that go to tax, and you'd be fighting inflation :banghead: Cheers, The Y-man

Re: On a daily basis how much are day traders expecting to make? Thoroughly agree :) Cheers, The Y-man

Hi Motion, Perhaps you might want to elaborate on what you are looking for in what you refer to as "tools" - more charting capability? fundamental data? etc etc Cheers, The Y-man

The debt will be sold to another company, and they will start collecting your interest. In the past, loans have changed hands, often with the borrower not realising. Worst (best?) case scenario - everyone forgets about the loan (and you keep quiet!) :D Cheers, The Y-man

They have no branches - purely internet. See:http://www.ingdirect.com.au/personal/savings_max.htm Cheers, The Y-man

It's been a while, but .5% to 1% should be pretty easy - but we also got a everyday account, fee free up to 20 transaction or something.... Basically go in saying "Well the other bank is offering....what can you do?" Cheers, The Y-man

I personally use the watchlist function (i.e. create your own) on comsec (can't use protrader thru firewall at work!!:( ) The ASX one is delayed prices, so no good. Cheers, The Y-man

Also used ME for a while, but then we refin'd to Wesuc... I mean Westpac. Keep in mind interest rates are negotaible (as are fees) - and make sure you go for a pro package. Cheers, The Y-man

I've used Rolf for a number of loans - highly recommeneded (uuuuurgg.... hope it's not considered ramping....:o ) Cheers, The Y-man