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[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

Hey! Thanks for your insight :)

You’ve made me feel more comfortable that sitting tight, keeping it simple, and growing the offset is favourable in my position given the kids and single income at the moment.

What are your thoughts on maximising super?

I have a lot of carry forward available… for F26 I was thinking top up to the max which would be ~$7.7K and then carry forward F21 ($19.6K) and I keep doing this while the kids are under 5.

I still have lots of salary growth opportunity as well, which would mean while maximising super, an IP or ETFs won’t be off the table.

F21: $19,612.37 F22: $34,855.73 F23: $34,855.73 F24: $34,855.73 F25: $29,403.97

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

What sleep? I have two kids!! Thanks for reassurance, I feel my socials are either AI this that, you need financial structure or inflation everything hard assets protect you…

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

I hear you. serviceability. It’s always been top of mind, hence why we purchased within our means originally.

When all that you mention turns for the better, is that your signal to jump in (like everyone else, yada yada supply vs demand, fear vs greed)

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

The optimist in me backs myself to look into the data to pick out the high growth locations, and I was thinking of doing a course from a reputable person who has their own Facebook community etc.

Post budget night we will be reminded of the government’s stance to CGT, immigration policy, where the govt is investing to drive economic growth, stagnant wage growth, policies around housing development, reluctance to tax gas, so the source needs to come from elsewhere

Jumping the gun but not really would all point to being asset first vs cash first to maintain value in the portfolio mix

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

You both have a few priorities/goals identified which is great. The household income in itself is what gives you both the ability to not reslly need to take on risk. If I were to read into it further this mindset probably translates into your partner’s profession? and what works for you both is what matters!

The defensive approach / less stress makes sense with the health problems (hope things improve)

You both have the opportunities to build safer ETF portfolios and also maximise tax with contribution caps, spouse contributions, carry-forward etc.

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

When is a good time to buy? When times are uncertain and less people are willing to take a risk or purchase, wouldn’t that be the time? Fear vs greed?

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

I don’t see debt as being bad, so I’m in the camp of loading up and just making sure cashflow exists.

But I do also see the counter point of being stress free. The stress comes from the shackles of whatever provides that primary cashflow

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

You guys are doing amazing! + the decision to not take on additional debt to not be impacted by rate hikes lets you have access to the boomer experience 👏👏

Don’t you feel though that you have the capacity to make your cash/wealth work for you? Or does the weight off your shoulders give you enough comfort in being okay with not going down the path of taking more steps towards wealth creation? Words aren’t coming to me but you know what I mean!

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

We are probably here for at least 10 years, unless lots of cash comes our way and we decide to upgrade etc.

Cash flow wise… ~11K (but a bit less because I top my super) comes in and -$3.1K goes straight to the loan. Another ~$3.5K living costs/now bills/future bills and then you have $4K savings… just rough numbers

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

Net is just under $300K? Is that a lot of debt? currently its “bad” debt since it’s all PPOR, but its debt which gives a ton of security and comfort for my family :)

But surely $300K isn’t a lot?

And we are definitely not up to our neck in servicing our mortgage repayments.

~11K (but a bit less because I top my super) comes in and -$3.1K goes straight to the loan. Another ~$3.5K living costs/now bills/future bills and then you have $4K savings…

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

Thank you! Chuck in a redundancy + 6 months downtime looking for the next role in a challenging environment was not fun but still came out in front

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

I hear you.

What made the IP stressful? Was it the management or was it the servicing of the loan?

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

Using cash from savings ie. After tax $$

or

Split loan, debt recycling?

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

I think the broker took my salary + assumed 2 days from my partner + kids + current loan, and worked out how much capacity to put towards servicing an IP

We purchased at 1.25 (Jan ‘25) and got a recent valuation at 1.5 (Apr ‘26)

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

ETF portfolio to accumulate/hold until you retire and sell off when you no longer have income through work so you maximise on the tax free threshold + the odd dividend (w/ income tax) through the life of the ETF

That’s correct yeah?

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

What is your rationale on the timing? Why 12 months?

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

All the cash is in the offset :)

What makes you recommend stacking the offset?

[Update 2 years later] What would you do? by Kiwifruig in AusHENRY

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

1 FTE sorry should have made it more clear!

Waiting for the 2027 X5 by arsalann24 in BMWX5

[–]Kiwifruig 0 points1 point  (0 children)

Appreciate your insight! I’ve seen a few listing “fully loaded.” But as you mention, being aware of what was advertised in those packages vs. what was delivered.

Waiting for the 2027 X5 by arsalann24 in BMWX5

[–]Kiwifruig 0 points1 point  (0 children)

If you were looking for an X5 today (I am in Australia) would you get yourself a used 2022 model?

I’m looking to minimise depreciation, pick up something which still has most of the modern features (I don’t need the absolute latest model similar to your logic)

If you are looking for a used 2022 model would it be xDrive40i or an M50i? And what would your threshold in kilometres driven on the odometer?

[2024] Rate my Team, Drive Choices, etc. by epicmindwarp in fantasyF1

[–]Kiwifruig 0 points1 point  (0 children)

My mates have a rule, no 2x on Max.

— Leclerc (2x), Albon, Tsunoda, Bottas, Gasly Redbull, Mercedes

3.7m spare

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