Victor

Sydney, Australia

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reviewed Approve suggested edit on Why not pay in full upfront for a car?
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answered Buying a foreclosed property
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reviewed Approve suggested edit on Do early payments reset my limit?
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reviewed Approve suggested edit on How to register LLC in the US from India?
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reviewed Approve suggested edit on What are the tax implications on selling the Share ISA portfolio?
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reviewed Leave Closed How do the real estate prices correlate with the US dollar exchange rate?
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comment Sole Trader or LTD, buy personal house and work from home
@Snick - say you come up with the business usage of the house to be 10% - then you should be able to claim 10% of the interest payments of the mortgage. You also may be able to claim 10% of the depreciation on the property. The purchase price itself just counts as the main part of the base costs when working out any capital gains when you sell the property.
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reviewed Close What percentage of total inventory should a store sell daily?
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reviewed Close How to calculate the rate of interest if i know the other variables?
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answered Sole Trader or LTD, buy personal house and work from home
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comment What to bear in mind when considering a rental home as an investment?
@cr0m - this is probably not the place for a lengthy discussion on the matter, but if you asked it as a question I would be happy to go through the criteria and process we use.
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comment What percentage of total inventory should a store sell daily?
That would depend on the type of store, what you are selling, your marketing plan and a whole lot of other factors. Maybe you should check out industry benchmarks for your chosen industry.
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comment Overnight charges for brokers holding stocks?
@dg99 - that is why I mentioned that the financing fee was on the borrowings. Also CFDs don't work like that, once you close a possition you stop paying the financing fee.
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comment Best Way to Allocate Invest Dollars Using a Market Timing Investment Approach
@keshlam - that is even worse, if you intend to still hold the funds invested whilst in retirement and drawing an income, when a market fall of 50%+ happens (and it will happen - just look at the state of the world economies), then you can come back and tell us how you're feeling when your investments have more than halved and you're trying to draw an income from them. And I have shown on a few previous posts how simple methods of timing the markets achieve much higher returns than just buy and hold or DCA.
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comment What to bear in mind when considering a rental home as an investment?
@Peteris - you are kidding right - you clearly don't understand the definition of speculation. Firstly the OP plans to put a sizable downpayment, secondly the OP plans to hold the property long term. If the OP was speculating in property firstly the downpayment and holding timeframe would be as small and short as possible - that is flipping the property as one example. Just because someone borrows part of the funds to buy an investment does not make it speculation.
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revised Overnight charges for brokers holding stocks?
correction
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answered Overnight charges for brokers holding stocks?
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comment Best Way to Allocate Invest Dollars Using a Market Timing Investment Approach
@keshlam - no growth for the duration - so you lost money in real terms - that is called oportunity cost. And what happens if a 50% drop happens just before you planned to use the funds - that might give you a sick feeling in your gut.
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comment Best Way to Allocate Invest Dollars Using a Market Timing Investment Approach
@keshlam - and how long does it take to recover once the market has tanked. At least a couple of years. You would be better off taking some profits, paying a little tax and waiting for the recovery to start, rather than losing half your capital and two or more years to recoup it.
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comment Best Way to Allocate Invest Dollars Using a Market Timing Investment Approach
@keshlam - if you are holding an investment just so as not to pay short term CGT then you have a losing strategy. I would rather pay some tax and transaction cost on a profit rather than not pay any tax and transaction costs and watch my investment half in value.
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