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03-01-2012, 09:53 PM | #1959 |
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03-01-2012, 10:11 PM | #1960 |
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03-01-2012, 10:24 PM | #1961 |
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Maybe I should become an accountant and work for the ATO, that might sort out everything? haha...
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03-01-2012, 10:25 PM | #1962 |
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Richard, don't sell it and you've lost noting at all. That's the secret with property; always buy, never sell!
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03-01-2012, 10:29 PM | #1963 |
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That's kind of like saying if someone steals your money it's ok as long as you don't notice...
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03-01-2012, 10:52 PM | #1964 | |
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You hold the property and after time it is valued > $X, at which time your assets vs liabilities is looking good AND you can realise a cash profit should you (unwisely) decide to sell. Unlike shares, property can never become worthless.
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.-=[ Kenny ]=-. 1999 BMW M Coupe 10.775 @ 134.35 mph w/1.600 60' (Best 136.07 mph) 25th August 2004. +2010 X5 35D+
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03-02-2012, 12:03 AM | #1965 | ||
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03-02-2012, 12:16 AM | #1968 |
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Yeah I disagree Kenny, maybe for someone of your age (no offense!) that can hold true because of the times you have lived in. But for someone my age, it hasn't held true yet. Boom days are over, and are not likely to return in the same sort of fashion they did in the past.
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03-02-2012, 12:38 AM | #1969 | |
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Speculation is when you buy property at the right time and then sell it at the right time to turn a dollar. Investment is when you build a portfolio of tax effective property and just sit and watch. You can't really get hurt in investment, even if you overpay a little on entry and the market immediately enters a downcycle. You just wait it out and enjoy the generous tax shelter. Not really a BMW related topic but happy to continue sidebar if you think it might benefit.
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.-=[ Kenny ]=-. 1999 BMW M Coupe 10.775 @ 134.35 mph w/1.600 60' (Best 136.07 mph) 25th August 2004. +2010 X5 35D+
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03-02-2012, 12:38 AM | #1970 |
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.-=[ Kenny ]=-. 1999 BMW M Coupe 10.775 @ 134.35 mph w/1.600 60' (Best 136.07 mph) 25th August 2004. +2010 X5 35D+
Check out the 1Addicts Drag Racing Standings and Drag Racing 101. |
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03-02-2012, 12:48 AM | #1971 |
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I bought my properties around the height, but the value still holds above what I paid for. The overall holding cost after tax consideration is less than 1% and it will flicked to positive sometime soon.
However, if you found something that you are better able to use the equity, I would definitely would sell, to take the capital loss position, especially you had some capital gains in the year from something else. If not, you better hold onto it to continue to take a negative gearing position until such a time where there is something else better. Owning your own business is hard work and not easy. However, I would rather that than working for someone else again.
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03-02-2012, 01:32 AM | #1972 |
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I do hate BAS. Everytime I see the figures from the finance side, I get sad - especially after seeing them squabble like school children on TV.
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03-02-2012, 01:48 AM | #1974 |
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03-02-2012, 02:30 AM | #1975 |
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hey GUYS.... great business study class guys.... i enjoyed it very much just sitting back
and just feeding off your use full knowledge... (Kenny,Joe and BBK )lol |
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03-02-2012, 02:39 AM | #1976 | ||
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The unfortunate thing on these forums, is that there is such a vast difference in age groups, and we all assume way to much.. The initial poster stated that I was lucky to have 1M... There is NO LUCK in life.. You make and shape your own destiny.. Enough of this crap, way OT for this thread, and everybody enjoy your weekend.. Last edited by Zuzu; 03-02-2012 at 02:45 AM.. |
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03-02-2012, 02:54 AM | #1977 | |
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Don't know if anyone else has noticed but the tone around here lately (not just this thread - there are a few going) has been rather narky... One of the things I like about the Aussie forums is that we're adults most of the time... Everyone chillax and enjoy this Dilbert Comic: |
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03-02-2012, 02:58 AM | #1978 | |
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Long weekend woohoo !!!! |
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03-02-2012, 03:00 AM | #1979 |
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03-02-2012, 03:45 AM | #1980 | |
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Veni Vidi Vici.
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