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OT: Current Affairs and Politics

Barry O'Speedwagon

Barry O'Speedwagon

Coach
Messages
19,709
hindy111 said:
You don't think just paying mortgage of is better or atleast as good? I kinda do
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Super is pretty good value for most people, but as you say getting rid of debt that is not tax deductible (i.e. your home mortgage) makes more sense in a lot of cases. And when you almost pay it off if you keep a small balance there you have a ready, low-cost line of credit (assuming you can redraw) that can be used when you need/want to act fast on something.
 
the phantom menace

the phantom menace

Coach
Messages
13,143
Stagger eel

Stagger eel

Moderator
Staff member
Messages
65,981
hindy111 said:
I don't really read the papers,listen to radio or watch the news so I wouldn't know anything about politics tbh. Actually I didn't even know there was an election. I have been on a business trip in Tokyo.
What's with those Japanese girls in sailor suits?
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just keep drinking that sake, they get even more prettier and feminine with every drop consumed.
 
Gronk

Gronk

Moderator
Staff member
Messages
79,138
Chinese, EU, Japan and and random mega rich people who wanted to teach him a lesson tanked the bond market.

It meant that the greenback was no longer a safe-haven currency.

1744255015658.png

www.abc.net.au

Donald Trump met his match. It's called the bond market

The US president was confronted by a force far greater than his own and the office he now holds overnight. The bond market, an arena where brutality knows no bounds and where the participants take no prisoners.
www.abc.net.au www.abc.net.au
 
Gronk

Gronk

Moderator
Staff member
Messages
79,138
Soren Lorenson said:
can you do a Power Ranking for accountants? For all of our financial benefit.
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Considering that old mate has f**k all super and super contributions are taxed at a concessional tax rate of 15%, it seems to the casual observer that his accountant might not be top shelf.
 
Soren Lorenson

Soren Lorenson

First Grade
Messages
7,878
Gronk said:
Considering that old mate has f**k all super and super contributions are taxed at a concessional tax rate of 15%, it seems to the casual observer that his accountant might not be top shelf.
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Well I will look forward to his APR reflecting that :laughing:
 
hindy111

hindy111

Post Whore
Messages
64,416
Gronk said:
Considering that old mate has f**k all super and super contributions are taxed at a concessional tax rate of 15%, it seems to the casual observer that his accountant might not be top shelf.
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He is old school. Types with 1 finger,drives a xf falcon and wears track pants.
Anyhows he said instead of super we take out $150 a week and every month purchase Gold. So that's what we did from 2001 to 2009. It was f**k all when started doing it. It was cheap then like under $300 an ounce.
He said when there is a war SHARES and UNITS get shaken down. GOLD goes up and Property is like a rock. Stick with them.

So maybe he is an idiot like you suggest. But gold I can see. Property I can see. Superannuation is just an invisible number.
However he did say to buy bitcoin and I never did for this reason. He said it will hit a million dollars when it was only about 20k
 
B

bazza

Immortal
Messages
32,364
hindy111 said:
Sounds like he made some great buisness decisions to go from a cop to a powerfull millionaire. Must be a really smart guy
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he did seem to make a small fortune in a heavily government regulated industry whilst being in government
 
RustedonEel

RustedonEel

Juniors
Messages
751
hindy111 said:
He is old school. Types with 1 finger,drives a xf falcon and wears track pants.
Anyhows he said instead of super we take out $150 a week and every month purchase Gold. So that's what we did from 2001 to 2009. It was f**k all when started doing it. It was cheap then like under $300 an ounce.
He said when there is a war SHARES and UNITS get shaken down. GOLD goes up and Property is like a rock. Stick with them.

So maybe he is an idiot like you suggest. But gold I can see. Property I can see. Superannuation is just an invisible number.
However he did say to buy bitcoin and I never did for this reason. He said it will hit a million dollars when it was only about 20k
Click to expand...
Talk to him about debt recycling if you've still got a mortgage. I don't know enough about it but he probably will.
 
B

bazza

Immortal
Messages
32,364
hindy111 said:
He is old school. Types with 1 finger,drives a xf falcon and wears track pants.
Anyhows he said instead of super we take out $150 a week and every month purchase Gold. So that's what we did from 2001 to 2009. It was f**k all when started doing it. It was cheap then like under $300 an ounce.
He said when there is a war SHARES and UNITS get shaken down. GOLD goes up and Property is like a rock. Stick with them.

So maybe he is an idiot like you suggest. But gold I can see. Property I can see. Superannuation is just an invisible number.
However he did say to buy bitcoin and I never did for this reason. He said it will hit a million dollars when it was only about 20k
Click to expand...
is he looking after your gold?
 
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