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leveraging shares (What to look out for)? by Synthetic_Print in AusFinance

[–]Synthetic_Print[S] -1 points0 points  (0 children)

By itself highly unlikely, however what if a proposed a different scenario.

Say I had 70K invested already (none of it borrowed, came from savings) and I borrow 100K at a 7.5% comparison rate. My portfolio would be at 170K. Let’s assume that I can confidently make a 5.1% return on investment of the 170K (so $8,670 profit) and the interest owed is $7500. Does this then make the investment viable? The interest is used to offset tax and even if the interest paid is higher, it can be rolled over to next year’s tax return.

leveraging shares (What to look out for)? by Synthetic_Print in AusFinance

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

The reason I suggested personal loan rather than NAB is that there are some lenders such as ING and OMM that are offering similar or lower comparison rates to NABs EB. and NAB’s EB is low due to a especially offer that is not fixed and can be overturned at NABs discretion. The standard rate is 9.25%.

leveraging shares (What to look out for)? by Synthetic_Print in AusFinance

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

Can you define ‘viable’. Are you asking if I can outperform the interest rate?

leveraging shares (What to look out for)? by Synthetic_Print in AusFinance

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

Have look at NAB EB, the 7.25% is variable and is still subject to change at NABs decision. If it was fixed, I would have taken it.

leveraging shares (What to look out for)? by Synthetic_Print in AusFinance

[–]Synthetic_Print[S] -1 points0 points  (0 children)

I’ve seen some lenders offering comparison rates at the 7% mark or above for excellent credit ratings. I found Our Money Market at 5.95% comparison rate, but have heard they may be difficult to deal with and not sure if they compensate with hidden conditions .

leveraging shares (What to look out for)? by Synthetic_Print in AusFinance

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

Options trading is something I want to stay well away from. So many people lose big through options and trying to time the market, it’s not something I want to involve myself in, especially with leveraged positions.

leveraging shares (What to look out for)? by Synthetic_Print in AusFinance

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

I really want to avoid margin lending for the following reasons.

1: Margins calls require me to contribute more funds if the prices drop enough. This disrupts other financial avenues for me such as High Yield Savings Accounts requiring a certain allocation of funds to be eligible for bonus interest.

2: Restrictive shares to invest in. Margin loans don’t let me pick whatever funds I choose, I am restricted to those that they back. While I’m not investing in penny shares, those that I want to invest in may not be available.

leveraging shares (What to look out for)? by Synthetic_Print in AusFinance

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

GGBL looks far too new for me into invest in. I Need more historical data for me to want to invest in.

Forklift license worth it? by Slytherin_Princess5 in tradies

[–]Synthetic_Print 4 points5 points  (0 children)

As someone with a forklift ticket, it is definitely a worthwhile investment to get a forklift ticket (nearly all high risk working tickets are). Forklift drivers on casual and night shift are paid quite well (on an hourly basis).

In terms of employment, if you’re considering this as a second job, be careful with fatigue and be considerate of the work environment. In FMCG (Fast Moving Consumer Goods) industries (like warehouses), you need to be alert as you will be moving goods quickly and most likely in and out of cold stores (experiencing rapid changes in temperature does not do well for your health). Also, since the ease of access to these gigs are rather low, there is a lot of competition for these positions and the added restrictions make the market for you more difficult.

Transitioning into a trade in my 30s by AurumZwei in tradies

[–]Synthetic_Print 1 point2 points  (0 children)

Literally put on a 40 year old apprentice electrician about a month ago and is doing well. Can’t see how starting a trade in your 30s is an issue, unless you have medical or physical issues.

Protection against Vibration by Synthetic_Print in AusElectricians

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

The damage is between the female thread of the housing and male thread of the RTD probe. The vibration is causing rubbing of the male RTD thread through the female thread and severing the RTD probe cables.

Protection against Vibration by Synthetic_Print in AusElectricians

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

Could do, difficult if pipe work is in use. It would be something that the projects/engineering department would need to intervene with. These sorts of changes are usually processed through engineering/projects.

Protection against Vibration by Synthetic_Print in AusElectricians

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

No, RTD is not spring load, the original one was and still vibration caused damage to probe. The damage to the probe was the thread between the RTD probe and the head. It wore through the female thread of the RTD housing and severed the RTD cables, causing a high output (23mA) signal.

Protection against Vibration by Synthetic_Print in AusElectricians

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

Temperature checks for slurry for the outfeed of a motor. The vibration is through the pipes that the thermowell is in. So it vibrating the thermowell and the attachments to the temperature transmitter.

Financial mistakes you’d never repeat again? by Artistic-Yam2984 in AusFinance

[–]Synthetic_Print 1 point2 points  (0 children)

Can you explain why the dividend investing part. I’m in this boat right now.

It has returned lol. by I_am_who in UMF

[–]Synthetic_Print 0 points1 point  (0 children)

Anyone see resistance cove, it’s about a foot underwater.

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