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- What is your Money Confession? (Your biggest money win or stuff up)
- Trusting a dodgy stockbroker in the tech wreck
Latest Activity
JeffK replied to Sharmo's discussion '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 to pay off the variable portion without being…
JeffK left a comment for Neil Conway
Welcome Neil. No confession?
JeffK replied to nikki's discussion 'debt bankruptcy'
Good advice Nikki!
JeffK replied to nikki's discussion '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 no estate then the lender can't…
JeffK replied to nikki's discussion '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 they'd work their way straight down…
JeffK replied to Georgina's discussion 'Recession investing?'
What is the risk of reset preference shares? And how do you know which ones are good?
Cheers,
JFK
JeffK replied to Georgina's discussion '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 good investment?
JFK
JeffK replied to Karen's discussion '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 reckon it's going to get worse.
As for missing…
JeffK replied to Marie's discussion '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 CC statements.
It got me thinking - we…
JeffK commented on Kylie's blog post 'Lucky, lucky me.'
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…
JeffK replied to Natalie Bochenski's discussion '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 hard enough in years to come as Australia…
JeffK replied to Jill Fraser-FatCat journalist's discussion '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 give the bank a call and get them to reduce it.…
JeffK replied to Andrea's discussion 'IPAD Investments (student accomodation)'
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…
JFK's world
JeffK's Discussions
Is a first home saver account right for you?
Hi all,I was cruising through the net and came across this info on the FIDO website that I though would interest some of you on first home saver accounts:"A first home saver account is a special way…Continue
Tags: account, saver, home, first
Started Sep 29, 2008
21 Economic models explained with cows
6 Replies
I got this earlier today. Cracked me up - hope you guys enjoy it as much as I did!21 ECONOMIC MODELS EXPLAINED WITH COWSSOCIALISMYou have 2 cows.You give one to your neighbor.COMMUNISMYou have 2…Continue
Tags: economics
Started this discussion. Last reply by Sue Sep 24, 2008.
Where would you most like to travel to?
29 Replies
Seeing Lisa's page, I got thinking - where would everyone most like to visit if they had the time and money?Mine would be Nepal, Tibet, Pakistan, India, Sri Lanka - that area of the world. So…Continue
Tags: travel, dream, locations
Started this discussion. Last reply by Miffy Sep 15, 2008.
Greedy banks
2 Replies
Banks have been making a fortune at our expense for years, and now they're copping it sweet for all their bad investment decisions, with billions of dollars in writedowns.But who is going to pay for…Continue
Tags: rates, banks, debt, interest
Started this discussion. Last reply by Bandwidth Aug 2, 2008.
Fuel Prices
10 Replies
I noticed that petrol (gas for them - still don't understand why they think they can call a liquid gas, but hey, that's the US for you) prices in the US have pushed through $4.00 a gallon and…Continue
Started this discussion. Last reply by JG Jun 16, 2008.
Interest rates - up or down?
15 Replies
So where does everyone think rates are going to go from here? Up, or down?Personally I think we're headed up, maybe a couple more rises this year.JFKContinue
Started this discussion. Last reply by Manish Dev Jun 4, 2008.
Comment Wall (38 comments)
- At 4:56pm on December 9, 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 10:38pm 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 8:53am on December 1, 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 5:41pm on November 13, 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 3:49pm on November 13, 2008,
maree said… - Thanks Jeff, Have little way to go but the futures looking much brighter.
- At 11:19pm 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 6:09pm 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 5:54pm on November 10, 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 5:32pm on November 10, 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 8:39am on November 10, 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
Latest Activity
Keith Musgrave replied to Nikky Simpson's discussion 'My Rate'
Hi Nikky,
Apologies for the delay, I have been away on hols and a little time off due to illness. All better now. Has your' lender dropped their rates any further since we last communicated? Depending on your' total debt amount, you should…
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