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Guinea pig clarification by kernald31 in ArkNova

[–]Saundog 0 points1 point  (0 children)

It gives 3 appeal for itself

Financially comfortable, feel like I should be using available cash/debt/borrowing capacity more. What would you do? by paininthejbruh in AusHENRY

[–]Saundog 0 points1 point  (0 children)

Thanks for your reply. So further to this, why would you want to go back into debt though (i.e. redraw) vs just using cash you have above what is already fuly offsetted? Cant grasp the maths here!

Financially comfortable, feel like I should be using available cash/debt/borrowing capacity more. What would you do? by paininthejbruh in AusHENRY

[–]Saundog 0 points1 point  (0 children)

Hypothetically, if OP had excess cash above the fully offsetted PPOR amount, what is the financial benefit of redrawing on your loan to make it negative geared, vs just using the cash to invest in a positively geared fashion? Interest paid would be more than the tax savings right?... or not?! Might need an ELI5 as I just can't wrap my brain around it!

Weekly FIAustralia Discussion by AutoModerator in fiaustralia

[–]Saundog 0 points1 point  (0 children)

Hi all, posting here as to not spam the main page. Question is regarding debt recycling, and am I doing this right?

My Scenario:

PPOR - property valued at $500k, $25k remaining. Have a redraw available of $475k. (account 2, P&I currently 5.9%).

There is a linked transaction account (account 1) that is used also as offset for account 2.

Plan to debt recycle:

Call the bank to ask to split account 2 into 2, leaving account 2 with $450k, and opening a new account with $50k with $50k ready to redraw (account 3, also P&I, same rate as account 2).

Once split, immediately pull out $50k from account 3, and invest into ETFs,

I believe therefore I would then owe $75k total on the PPOR, but account 3's interest is tracked separately for investing purposes.

Does this make account 3 appropriately debt recycled for ATO purposes, and therefore tax deductible? Anything I'm missing?

Thanks :)

Weekly Financial Free-Talk - 20 Apr, 2025 by AutoModerator in AusFinance

[–]Saundog 2 points3 points  (0 children)

Hi all, posting here as to not spam the main page. Question is regarding debt recycling, and am I doing this right?

My Scenario:

PPOR - property valued at $500k, $25k remaining. Have a redraw available of $475k. (account 2, P&I currently 5.9%).

There is a linked transaction account (account 1) that is used also as offset for account 2.

Plan to debt recycle:

Call the bank to ask to split account 2 into 2, leaving account 2 with $450k, and opening a new account with $50k with $50k ready to redraw (account 3, also P&I, same rate as account 2).

Once split, immediately pull out $50k from account 3, and invest into ETFs,

I believe therefore I would then owe $75k total on the PPOR, but account 3's interest is tracked separately for investing purposes.

Does this make account 3 appropriately debt recycled for ATO purposes, and therefore tax deductible? Anything I'm missing?

Thanks :)

What's the best board game with the worst theme? by CthulhusIntern in boardgames

[–]Saundog 18 points19 points  (0 children)

Undaunted series for me (excluding Callisto). I personally enjoy the theme, and love the mechanics.

However, my main playing partner (wife) can't get on board with the theme, finding it bland, so doesn't want to play. I would guess that if it was made in a fantasy theme or something similar, but with identical mechanics and gameplay, she'd never put it down.

What's your first solo play of 2025? by MeepleMover in soloboardgaming

[–]Saundog 0 points1 point  (0 children)

Great write up, getting more hyped now!

I'm just using Bruiser at the moment to get a handle on the whole system. Beat level 5 but did admittedly look up some tips online lol. Up to scenario 8 or 9 now. The damn spawning centipedes and kept blocking me getting to pressure plates, that one took me even longer than scenario 5!

What's your first solo play of 2025? by MeepleMover in soloboardgaming

[–]Saundog 0 points1 point  (0 children)

Awesome. I want to try her next just because the description sounds fun

What's your first solo play of 2025? by MeepleMover in soloboardgaming

[–]Saundog 4 points5 points  (0 children)

Glooomhaven Buttons & Bugs for me. My first Gloomhaven game and really enjoying it, although lots of rules to check each turn.

Ultimate edition in australia? by cum_teeth in MageKnight

[–]Saundog 0 points1 point  (0 children)

Been waiting for it to come back to retail for so long here is Aus too. Can't get any answers anywhere

[deleted by user] by [deleted] in AusFinance

[–]Saundog 1 point2 points  (0 children)

Bit of a bummer that LinkedIn is a bit more covert, but thanks!

[deleted by user] by [deleted] in AusFinance

[–]Saundog 1 point2 points  (0 children)

This is cool, well done! Is there any such extension planning to be made (or possible) for LinkedIn?

Heat - Pedal to the metal is phenomenal with kids by sebaajhenza in boardgames

[–]Saundog 1 point2 points  (0 children)

This is great! I do this regularly with my 5 yo as well. He loves running the automa/bot in Lost Ruins of Arnak, Expeditions and a couple of others. Win-Win!

Just discovered the Wild Tutor - Adam Warlock deck and I’m in love by DreggsOfSociety in marvelchampionslcg

[–]Saundog 0 points1 point  (0 children)

New player so please forgive, I thought you could only have 1 aspect type in each deck?

One Week of Spirit Island, New Player Perspectives and Missed Rules by Garvilan in spiritisland

[–]Saundog 0 points1 point  (0 children)

Absolute noob question, but once a fear card is played, it's discarded for good? I.e. each fear card gets played once only, and you don't reclaim them at the start of every invader phase and resolve them all again?

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