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- What is your Money Confession? (Your biggest money win or stuff up)
- Trusting a dodgy stockbroker in the tech wreck
- What is your financial goal?
- To make 25% per annum on the stockmarket
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I'm with Bandwidth on this one - I reckon the probability of rates going down is next to nothing, however there is a chance that they could spike up.
Although Jacquesk is right about you being able to pay off the variable portion without being pena…
Good advice Nikki!
OK, so I may have been wrong - not for the first time ;)
After reading the link jacquesk supplied and talking to a financial planner I'm ready to admit that I was wrong. It appears that if there's no estate then the lender can't chase rellies.
Spo…
I can't see that the banks/lenders are going to let any debt slip by - they'll definitely make a claim on the estate, and then work their way through family members to recover their money. I figure they'd work their way straight down to children fir…
What is the risk of reset preference shares? And how do you know which ones are good?
Cheers,
JFK
Actually I read about them just yesterday on the bull:
WITH YIELDS OF UP TO 13 PER CENT, NO WONDER INVESTORS ARE TURNING TO HYBRIDS
Hope this helps.
What does everyone think about them? Are they a good investment?
JFK
Hi Marie, I think ff123 meant that it has articles now whereas it was jam-packed with ads before. Actually all the print publications are suffering big-time because of the property downturn, and I reckon it's going to get worse.
As for missing the…
I'm guilty of never checking supermarket dockets, and this extends to credit card statements too... I know, I know, I should be checking them both. Will try to do this in the future, particularly my CC statements.
It got me thinking - we "trust" th…
Looks like I'm the chosen one...heh heh
"Abidjan Cote D' Ivoire
West Africa
Dear One
Greeting.
Permit me to inform you of my desire of going into business relationship with you.
I am glades kala the only daugther of late Mr and Mrs George kala fr…
All this stimulus package nonsense is not going to stimulate the economy, it is merely going to put a massive burden on future generations to pay off the wasted funds. As if it wasn't going to be hard enough in years to come as Australia struggles u…
Jacquesk is right - the key is to remove (or limit) the source of temptation - i.e. cut up your credit card or reduce the limit.
Marie, you say that you're not going to touch it, then you should give the bank a call and get them to reduce it. If it…
I'm with you Keith. Why pay someone a fortune to lose my money when I'm quite adept at doing it for free ;)
JFK
Student accommodation should be avoided, particularly in this sort of climate with property prices falling and the global economic climate causing less students to come to Australia to study. A quick Google search shows that they're in Adelaide, and…
JFK's world
JeffK's Discussions
Variable Interest, Fixed Interest or both. Whats the best in the current climate???
I'm with Bandwidth on this one - I reckon the probability of rates going down is next to nothing, however there is a chance that they could spike up. Although Jacquesk is right about you being able…
Tagged: ., home loans, loans, Interest, Rates
Replied Aug. 6, 2009
who is responsible?
OK, so I may have been wrong - not for the first time ;) After reading the link jacquesk supplied and talking to a financial planner I'm ready to admit that I was wrong. It appears that if there's n…
Replied Jun. 17, 2009
who is responsible?
I can't see that the banks/lenders are going to let any debt slip by - they'll definitely make a claim on the estate, and then work their way through family members to recover their money. I figure t…
Replied Jun. 16, 2009
Recession investing?
What is the risk of reset preference shares? And how do you know which ones are good? Cheers, JFK
Replied Apr. 21, 2009
Recession investing?
Actually I read about them just yesterday on the bull: WITH YIELDS OF UP TO 13 PER CENT, NO WONDER INVESTORS ARE TURNING TO HYBRIDS Hope this helps. What does everyone think about them? Are they a…
Replied Apr. 21, 2009
What's going to happen to the property market?
Hi Marie, I think ff123 meant that it has articles now whereas it was jam-packed with ads before. Actually all the print publications are suffering big-time because of the property downturn, and I re…
Tagged: rates, prices, interest, property
Replied Mar. 25, 2009
Supermarkets
I'm guilty of never checking supermarket dockets, and this extends to credit card statements too... I know, I know, I should be checking them both. Will try to do this in the future, particularly my…
Replied Mar. 25, 2009
Nine hundred big ones
All this stimulus package nonsense is not going to stimulate the economy, it is merely going to put a massive burden on future generations to pay off the wasted funds. As if it wasn't going to be har…
Replied Mar. 3, 2009
Congratulations! You're pre-approved!
Jacquesk is right - the key is to remove (or limit) the source of temptation - i.e. cut up your credit card or reduce the limit. Marie, you say that you're not going to touch it, then you should giv…
Tagged: manipulation, consumer, credit, Debt
Replied Feb. 5, 2009
Comment Wall (38 comments)
- At 10:56pm on December 8, 2008,
rosey said… - Hi Jeff, no interest is actually higher. I had to go through to Fox Symes to clear the credit cards, which 2 of them have still not been paid out in full unfortunately.
Rosey
- At 4:38am on December 1, 2008,
Marie said… - Hi Jeff, sorry it took me a month to answer this question. I am well over 7 years, but only one company would accept me to give me a loan, & their interest rates are very high. I was just grateful to be accepted - not any more! The loan is draining me. I was told that after 7 years you're cleared BUT....most companies still steer clear from you
- At 2:53pm on November 30, 2008,
Aman Talwar said… - Cheers Jeff, wow, you have obviously learnt a lot from the few mistakes you made when you were 25 but as you said, you now know how to look out for the danger signs in the market, i am still learning the trade mate and i don't think you can ever stop learning in the market but i love it, every day i look forward to the good news or the bad, it doesn't matter from the markets around the world...
Btw love your financial goal, how is that going along this year, i am sure you are up to the challenge.
Question is there anywhere you can recommend to read about putting shares under a company or under a trust, which one is better??? Thought you mite know... Cheers...
Tc
- At 11:41pm on November 12, 2008,
nikki said… - Hey Jeffk
Spent $56000 on renos on the $332000 and nothing at all on the $189000. Just bought in good areas, You know the saying "Worst house on the best street?"
- At 9:49pm on November 12, 2008,
maree said… - Thanks Jeff, Have little way to go but the futures looking much brighter.
- At 5:19am on November 12, 2008,
Mrs. C. Jarvie said… - HeyYa JeffK, my husband named me Cake. We've tried a few nicknames and this is the best :D
I just returned from a great investment lecture. Well, great for me because I'm new at this and he covered the basics really well. I'm 100% more confident in my own potential as a share investor now.
Do yo attend lectures and workshops?How do you educate yourself?
- At 12:09am on November 10, 2008,
Aman Talwar said…
- Cheers Jeff, mate its been tough recently, lost quite a bit of money but u knw just surviving, got to stick to the strategy and remember its only a hiccup for bigger financial goals.
What abt urself, r u keeping the head above the water, how r things at ur end?
- At 11:54pm on November 9, 2008,
milo said… - I still think there is great trades to be had with CFD's, & I will use them again but only with a small percentage of my profits. Its just with trading options is so much safer & I can cover my downside for a small risk but 3X or 4X the gain. I haven't come across a more versatile tool than options, so its just I think that options are far superior than CFD's. Mind you its taken me the best part of4 years to truly understand advanced option stategies....By the way what do you trade??
- At 11:32pm on November 9, 2008,
nikki said…
- Hi JeffK
I think the media is resposible for doom and gloom! Property is a neccessity of life either to rent or to own. Everyone needs somewhere to live. My first house was bought for $142000 in 2005 and I sold that house for $332000 this week in doom and gloom.. Bought another in 2006 for $135000 in an area that was cheap to buy but had low rental vacancy rates. I sold that one in 2008 for $189000. Noone thought that values would go up, not even me. Buy when the market is down and hold until they go up. Property will never be worth zero. Equity is only on paper and if you buy in the right place for the right price, you can't go wrong. Rent it out til the market picks up. Property will pick up again and as long as you are sensible, buy what you can afford and be realisitic about your selling price you cant go wrong.
- At 2:39pm on November 9, 2008,
Chris Bright said… - Hi Jeff,
I'm going to do some share trading. I used to do it about 5 years ago, so I have some experience.
It got to stable in those days to make a decent profit.
With the market the way it is now it is perfect for a few day or two day trades.
Now that the property funds are getting hit by the super funds, it is an indication the whole market will contract and traders will have to stick to more fundamental shares that actually have a price earnings ratio and do make a profit.
Lots of people are now directing their super funds to put their super into cash as opposed to cash, shares and the property makets
A lot of the shares that get traded daily have rediculous negative PEs.
These stocks will get slammed.
JeffK's Videos
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Daily Market Update 14/01/09
Added by JeffK
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Market update 24th Nov
Added by JeffK
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Market update 17th Nov
Added by JeffK
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Latest Activity
Be aware that Fox Symes is more of a credit management company and might not be what you need. I would talk to the lease company first, explain your circumstances and try to renogotiate the lease terms, eg extending the term to make payments less...…
The Shire of Litchfield had a problem collecting about $250,000 from unimproved land holdings which were unmaintained and basically had no active ownership. This properties known as "dead man" leases were owned by estates that acquired them in the 1…
You should email this to Get-Up
Ever read "The richest man in Babylon"? Its got the most straight forward financial plan that applies to anyone.
In fact you can buy a series of books revealing Buffetts strategy. The ones I prefer are any authored by Mary Buffett but there are others as well
We'd love any advice or opinions on the following;
We've got 3 properties (2 investment properties and 1 principle residence). We lived in our principle residence for 2 years and have been renting it out for the past 5.5 years, the property is va…
Message to billionaire Aussie John from inside a rat infested squalid Indonesian jail. From Robert McNeice. John I am sorry I did not pay back your money but please I have suffered enough. I need your help to me get out of here, my health is not…
My gut reply.
Study more. If you are going to re-enter the labour pool then it is better to do it at a higher level.
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You cannot imagine how many times I've heard business builders lament: By the time I'm able to smell the roses, I'll be too old to walk through the garden!© 2010 Created by FatCat on Ning. Create a Ning Network!
