Victor

Sydney, Australia

I have a love for Personal Investing and believe that every individual should improve their educational levels in Personal Finance and Investing so they are better able to look after their own financial futures.

9m
reviewed Reviewed How can I receive foreign funds in my account in an Indian bank which lacks a SWIFT code?
16m
reviewed Close How can credit card companies offer a cash back program?
16m
reviewed Close Open an ordinary bank account in USD without setting foot in the US and without paying a single cent in additional fees
17m
reviewed Reviewed Once registered, the devotee can begin dealing shortly
4h
comment Can I be building a house with the bank forever?
+1, also if the value increased to $150K you would usually only take out an extra $40K at 80% LVR, unless you are paying quite expensive LMI.
9h
reviewed No Action Needed Open an ordinary bank account in USD without setting foot in the US and without paying a single cent in additional fees
9h
reviewed No Action Needed Checks & Cheques
9h
reviewed No Action Needed Can we make traditional IRA deductions to reduce last year taxes if we have 401ks and I already contributed to a Roth?
20h
comment How is negative gearing a good thing?
@Michael - I think you have a problem explaining things. Have you read your sentences, they don't make any sense. Also, I don't think you have a full understanding of negative gearing in Australia. Simply a negative geared property will not be viable unless sufficient capital appreciation is achieved during the life of the investment, which is not guaranteed by any means.
1d
reviewed No Action Needed F1 OPT Visa Tax return queries
1d
reviewed Close Are gifted health insurance premiums tax deductible for the recipient?
1d
reviewed Close How do Australian CEO's minimise their tax liability?
1d
reviewed No Action Needed Why is it rational to pay out a dividend?
1d
reviewed Looks Good Emigrating from USA to United Kingdom
1d
comment How is negative gearing a good thing?
@Michael - "... the only sensible comparison which makes a case for the negative gearing is upwards from a positive gearing positive return scenario." What does this even mean? Also, if you are negative gearing solely to lower or defer your tax you will actually have less disposable income to make additional investments (for every $1 income loss on the investment you only get a max. of $0.47 back in reduced tax). The only way to make additional investments in such a case is if the property has considerable capital appreciation, which is no guarantee.
1d
reviewed Reviewed FBAR, just found about it. What to do?
1d
comment How is negative gearing a good thing?
"BUT any money invested today always makes a return right?" No, money invested today is not guaranteed in any way to make a return. Regarding being able to invest more with a negatively geared property because of deferred tax, no you actually can invest less because your making a loss to get some tax back. The only way you would be able to invest more and make any return on investment is if the equity in the property due to capital gains increases considerably, which is by no means guaranteed.
1d
comment Why is it rational to pay out a dividend?
But if markets are not efficient there is no reason to assume they are. Then you are not talking about reality.
1d
reviewed Reviewed What evidence that reporting a small utilization (vs no utilization) leads to a better credit rating?
1d
reviewed Close Asset allocation software: Application or tool to help me rebalance my investment portfolio?
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