PMs... our love affair is nearly over! I have HAD it with you both!

S

ShinyStuff

New Member
Just had a meeting with my DW re: our SMSF and did a quick analysis of our investments ....

Current paper losses of 39 FRIGGIN PRECENT.

Ok, so we have a long term investment, blah blah... it hurts. :mad:

Shiny.
 
Nobody can look after your interests better than you. Chalk it up to your education fund. You don't need a DW you just need to D.I.Y

Kind Regards
non recourse
 
In a super fund? I believe new legislation requires assets to be valued at fair value. This means you will have incurred a loss if at 30 June the 'fair value' is less than you paid for it. For a bullion bar or coin, fair value will be spot plus premium so yes, you will show losses in the fund.
 
Elemental said:
In a super fund? I believe new legislation requires assets to be valued at fair value. This means you will have incurred a loss if at 30 June the 'fair value' is less than you paid for it. For a bullion bar or coin, fair value will be spot plus premium so yes, you will show losses in the fund.
Click to expand...
Technically it's "Market Value" which is defined as:


"market value" , in relation to an asset, means the amount that a willing buyer of the asset could reasonably be expected to pay to acquire the asset from a willing seller if the following assumptions were made:

(a) that the buyer and the seller dealt with each other at arm's length in relation to the sale;

(b) that the sale occurred after proper marketing of the asset;

(c) that the buyer and the seller acted knowledgeably and prudentially in relation to the sale.
Click to expand...

Reference: SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 10(1)
 
Give it a few weeks or months Shiny.....dont worry PMs will appreciate again no doubt.....Its just a waiting game thats all.....looooooong term investment.
 
ShinyStuff said:
Just had a meeting with my DW re: our SMSF and did a quick analysis of our investments ....

Current paper losses of 39 FRIGGIN PRECENT.

Ok, so we have a long term investment, blah blah... it hurts. :mad:

Shiny.
Click to expand...

14cry11.jpg
 
SilverSanchez said:
ShinyStuff said:
Just had a meeting with my DW re: our SMSF and did a quick analysis of our investments ....

Current paper losses of 39 FRIGGIN PRECENT.

Ok, so we have a long term investment, blah blah... it hurts. :mad:

Shiny.
Click to expand...

http://i45.tinypic.com/14cry11.jpg
Click to expand...

Remember that this is not to scale... I hope i am at the bottom of the dip, and not just one or two dot points down... Maybe i have seen the bottom with loss of 39% but maybe i have a lot more to lose!!! If only i sold when i had lost 10% and waited to re-enter.... But then i may have had to buy in at a higher price.. It is all crystal ball stuff.... What's for dinner??? Lets change the subject!!!

Shiny
 
ShinyStuff said:
Just had a meeting with my DW re: our SMSF and did a quick analysis of our investments ....

Current paper losses of 39 FRIGGIN PRECENT.

Ok, so we have a long term investment, blah blah... it hurts. :mad:

Shiny.
Click to expand...

Ma & Pa Kettle Math :lol:

[youtube]http://www.youtube.com/watch?v=Bfq5kju627c[/youtube]
 
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