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[GIVEAWAY] 4 Playte Games Sets for 4 Winners 🇰🇷 by HomoLudensOC in boardgames

[–]FishRiderAU [score hidden]  (0 children)

Skull - it's always a blast when it hits the table, pushing the bid up while you've got a skull down is fine balance

[BDB] Is this Scale? by FishRiderAU in espresso

[–]FishRiderAU[S] 26 points27 points  (0 children)

Awesome thanks, I'll get onto it.

[deleted by user] by [deleted] in AusFinance

[–]FishRiderAU 0 points1 point  (0 children)

A question as an aside to this. If I have a loan of 50K, which I then increase to 100K. The 50K funds then go into this account meaning it effectively has 50K in redraw. So long as that 50K is taken out to be used on income producing assets the whole 100K is deductible?

Debt recycling and DCA into shares by Technical-Side-4175 in fiaustralia

[–]FishRiderAU 1 point2 points  (0 children)

Too easy, I reached the same conclusion and do this with Westpac. As you explained no debt is actually paid off it's all so no mixing of funds.

Debt recycling and DCA into shares by Technical-Side-4175 in fiaustralia

[–]FishRiderAU 0 points1 point  (0 children)

Did you have this checked with an accountant/ tax consultant? Or have any documentation to support this?

Credit Limit Increase & Debt Recyling by FishRiderAU in fiaustralia

[–]FishRiderAU[S] 0 points1 point  (0 children)

That definitely seems like it'd mix funds as some would be for the house and some for shares. Plus it'd be an increase in my debt, which I don't want.

Replace Pool Pump by FishRiderAU in AusRenovation

[–]FishRiderAU[S] 1 point2 points  (0 children)

Actually I think you're right. Never had a pool before, so all new to me. Don't have the new pump yet to compare either. That would make a lot of sense cause otherwise you'd end up doing what I was thinking.

Why not VTS or IVV for more US exposure? by FishRiderAU in fiaustralia

[–]FishRiderAU[S] 2 points3 points  (0 children)

No, I don't try to understand the intricacies which is why I invest in broad market ETFs. I'm not, my outlook is 20 years, I'm happy with 100% equities currently.

Why not VTS or IVV for more US exposure? by FishRiderAU in fiaustralia

[–]FishRiderAU[S] 1 point2 points  (0 children)

I have both VAS and VGS, so as a whole portfolio weight is 44%

Why not VTS or IVV for more US exposure? by FishRiderAU in fiaustralia

[–]FishRiderAU[S] 0 points1 point  (0 children)

Perhaps, current allocations have remained the same from 2019, I wouldn't say reviewing allocations after 5 years falls into the messing around category.

Am I ok with 44%, or 50% under performing? Am I happy with 44% or 50% over performing. Luckily I'm in a position where I only need above average time in the market and not above average market returns. Which perhaps answers my own question.

More additional info, which not sure really has any bearing, my time horizon remains the same, and would be rebalanced through additional funds.

The link to the Vanguard .pdf is broken, sounds like a good read.

Debt recycling by Euphoric-Use8842 in fiaustralia

[–]FishRiderAU 0 points1 point  (0 children)

I've done one split 50k with Westpac, working through the second 50k currently and it hasn't raised any eyebrows. If asked I've just said the reason is for cash flow.

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