Recent content by Timmy88

LOL that's how I feel about shares. But at least you got metal, even if all your shares go to shit you will still do reasonably well. Timmy

Very very hard to know what the future holds. What I base my decisions on are history. We all know gold and silver is a good long term store of value, no one can dispute that, they are not a get rich quick, buy today flip tomorrow make money kinda thing. Buy when you have the spare $$ and hold...

Yes defiantly there is a level of comfort of owning it outright. I get it, I am like that with certain things, not with everything though. No problem to pay 6% in interest and earning less than that back on your investment. Especially if its appreciating asset and tax deductible, so long as...

Back on topic - reducing expenses. Car insurance, consider 3rd party if you drive something average. (I pay ruffly $250 per year for 3rd party though elders) With the money you save (difference with full comp and 3rd party) put it away in an separate account for if and when you every need it...

Nothing wrong with having debt. Why use my own money when I can use the banks, get a tax deduction and with the money I keep in my hand buy gold and silver as my insurance policy. Timmy

Good one, you should do this every year or so. If I can add to this, if you get your broker to do this for you the bank really know that if they don't give you the best deal your about to walk. You can do this will all expenses a yearly double check on pricing across all your regular expenses...

Wage slaves... You mean everyone. I am yet to work a single day in my life for anyone but myself. But like most people I do take a wage from my company, big or small don't matter you absolutely must pay super its non negotiable. Where to pay it is the next question, industry fund of a SMSF...

Shaddam I'm thinking the same thing, kinda kicking myself. Do I jump all in now or wait, wait for what, I cant touch my super for 18 year min more like 25 years. Surly we will be in the 10's of thousands by then. Timmy

One of the biggest items you waste money on is cars. Everyone wants a nice flash one buts lets stick to important facts regarding cars. In order of importance Biggest loss of $$ is depreciation/resale value - how much are you going to loose on this make/model whenever you go to sell it, few...

Off the back of the above what I do instead of paying more per month to the insurance company or whatever to pay by the month, I automate it my self. Example if I know I have larger bill I divide the cost by 52 weeks in a year and set up automatic redraw out of my account into my pooled bill...

No interest at the same price as 1KG bars are at the dealer for. $1980 each shipped to you with signature. Timmy

Will consider offers Timmy

Price to high, how about spot plus $100 shipped to you with signature. Timmy

Exactly. Where to from here. Another thing most are not aware of upon your death you SMSF has to be distributed to your next of kins. If you hold property that forces the sale of that asset. Not sure if that triggers capital gains (probably does) but certainly greases the wheels of...

It was not that long ago you could contribute 1 mil in a single financial year into a SMSF tax free. Many people I know around that time sold property to dump it into the SMSF. To then use that same money to but property. It was tax advantageous. Fast forward now the money is trapped in...