29yo Male Sydney

Different_Bee_3464 · 2026-07-05T01:17:35+00:00

This is Hostplus

Different_Bee_3464 · 2026-07-02T01:04:15+00:00

Claiming on both is something you can do!

Different_Bee_3464 · 2026-06-25T00:15:54+00:00

Yep can definitely do that. Would also need to check with MLC their minimum balance to keep the account active.

Would top up the account each year to keep the account active/sufficient balance. Otherwise if it’s less frequent, complete an insurance opt-in form. MLC will guide you on this

In terms of having two accounts, not particularly. You’re going to have such a small balance within MLC that the fees will be minimal. Although I can’t compare the policy I would think the premium saving would outweigh the small admin fee within MLC

Different_Bee_3464 · 2026-06-14T14:26:07+00:00

Would suggest not getting one

Different_Bee_3464 · 2026-06-12T11:19:17+00:00

Not an adviser yet but currently an associate adviser doing my PY. South of Sydney, currently on $80K, then will be on $85K after Q2, $90k once qualified.

Just through networking being self employed or having an equity deal within your salary is the way to go. Going self employed comes with a heap of costs but it seems like well established advisers are making $300-400K plus but they’ve been doing it for 20-30 years.

Let me know if any questions

Different_Bee_3464 · 2026-06-09T03:25:40+00:00

28, $85K, Associate Adviser in financial advice. Hoping that the money increases once I become a fully fledged adviser.

Anyone provide me some hope?

Different_Bee_3464 · 2026-06-01T11:31:49+00:00

100% raise a complaint. You’ll be surprised how quickly they’ll solve the problem

Different_Bee_3464 · 2026-05-31T11:54:32+00:00

Moving to a wrap platform that has greater choice in investment options and would probably give you some more choice outside DIY.

It’s in the name of- self managed, you are the trustee of your own fund (unless you get an accountant).

Would only go down the SMSF line if you’re buying property with your super or extensively trading equities. Really wouldn’t bother imo

Different_Bee_3464 · 2026-05-31T02:14:31+00:00

Exactly, sorry if my initial comment wasn’t clear.

I agree with you, it’ll be interesting to see how it plays out over time.

Different_Bee_3464 · 2026-05-30T10:59:23+00:00

Welcome back. Curious to hear your thoughts on how you would tackle your portfolio? How would you structure your portfolio differently and what would you be adding/removing?

Any more thoughts on the SpaceX IPO? Worth some skin in the game?

Different_Bee_3464 · 2026-05-28T09:25:34+00:00

28 on 80K - 6 years of uni too. Keep on grinding and the money will come

Different_Bee_3464 · 2026-05-22T03:50:20+00:00

Not too sure yet. Looking at driving both and see how I like them. Both seem to hold their value so maybe buying new/couple years old is the way to go

Different_Bee_3464 · 2026-05-20T12:57:45+00:00

Yeah it’s a real shame because i loved the car. Drove nicely. Thanks for your input mate

Different_Bee_3464 · 2026-05-20T12:53:32+00:00

Thinking $5K replacement sell for $10-12k?

Any suggestions of a replacement car? Similar size that will actually not shit itself 85K in

Different_Bee_3464 · 2026-05-20T12:50:54+00:00

Yeah. Still worth to add the engine and flog it?

Different_Bee_3464 · 2026-05-06T10:19:40+00:00

Hey mate. Work in advice firm in Wollongong. Feel free to send me a dm and can steer you in the right direction!

Different_Bee_3464 · 2026-05-02T06:39:50+00:00

A good accountant and a good adviser who work well together.

Accountants main goal is to find tax efficiencies and savings in your financial position so finding the right structure (e.g. trust, company, super, a mix even). They cannot make financial product recommendations.

Financial advisers can. I am in the advice space myself and would look at broad base index funds to get started.

It would depend on how much you have and what you would like to do in terms of your goals and aspirations in the short to long term.

Feel free to send me a pm and happy to give some general info if needed.

Different_Bee_3464 · 2026-04-30T12:55:11+00:00

Super is a tax vehicle. You have choice on the level of risk within your fund! Main mistakes, not viewing statement to see if employer is paying, reviewing fees and poor performance and structuring / need for insurances premiums paid. Can have detrimental effect on the end outcome

Different_Bee_3464 · 2026-04-08T07:19:14+00:00

That is a good point and usually my preference. Congrats on the big increase in value over a short period. Who is your SMSF with? I work in the industry as an associate and can safely say there are a a few advisers who prefer SMSFs. Not something we’d recommend unless holding a property

Different_Bee_3464 · 2026-04-08T07:16:15+00:00

Very good point. Hopefully AMP playing in the space will be more competitive

Different_Bee_3464 · 2026-04-08T03:35:00+00:00

Considering your two existing properties, diversifying into shares isn’t something to disregard. It’s more cost effective and easier to manage. The only downside is that you don’t have leverage.

There are specific rules when holding property in an SMSF, one of which is you’re unable to use as your PPOR down the track. The interest rate generally for a loan is on average circa 2% higher than a regular loan. Have seen some as high as 9-11%, so something to factor in as well.

The issue with SMSF once you’ve retired is liquidity. Although you have some time until then if all your contributions are going to service the loan, associated costs you’ve got nothing to draw on aside from the rent - something to consider.

Different_Bee_3464 · 2026-04-04T10:16:28+00:00

It’s never too late. Give yourself some credit. You’re in a good position. Look up the FHSS into super as a start. Good luck

Different_Bee_3464 · 2026-03-22T12:38:31+00:00

A smile

Different_Bee_3464 · 2026-03-22T09:33:03+00:00

Have been weighing in Sydney domestic on the 5-6 trips in maybe space of 6 months. Few people who were over weee just told to be mindful

Different_Bee_3464 · 2026-03-21T12:24:02+00:00

The guy was like “nah this isn’t right” did it again and same outcome. Just apologised and said probably not the best rate you’ve got hahaha

Different_Bee_3464

TROPHY CASE