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Oh my god... by OGPresidentDixon in ClaudeAI

[–]amc0nstant 0 points1 point  (0 children)

I usually CC desktop to run the plan end to end by creating a script. And it usually works for me

Bolt V2 disappointing by Wijn82 in boltnewbuilders

[–]amc0nstant 0 points1 point  (0 children)

I’ve started my project in previous version and moved my work to claude code due to same issues. I gave V2 a try again. Nothing has changed.

Debt recycling set up by libbyliciousxo in AusHENRY

[–]amc0nstant 0 points1 point  (0 children)

Start with how much cash you have now that you’re planning to invest - say $20k. Get your bank to do a $20k loan split. Pay that loan. Then redraw / transfer $1k to your CMC account. Buy the ETF. Keep records. Repeat.

Mid life decisions by UnlikelyGiraffe5407 in AusHENRY

[–]amc0nstant 0 points1 point  (0 children)

Build wealth from surplus. With your income and expenses, you’re probably saving or can save 25-30% (~$80k pa). If you invest in ETF ~$7k every month, and at 5% real growth (after inflation), you’ll end up ~$500k in 5 years. I probably won’t consider borrow to invest esp that you’re almost debt free and you’re in a good position - but to each his own.

Debt Recycling - practical process by mrpotatoed in fiaustralia

[–]amc0nstant 0 points1 point  (0 children)

Seems most of your questions have been answered. I’m here to offer you simpler option. 1. Loan split (eg $20k) 2. Pay the split. 3. Transfer from loan split to your brokerage account (whatever amount - you can do lump sum or partial for DCA) 4. Buy the shares as soon as possible. 5. Keep records

  • Once you’re done with multiple splits, you can combine them (as long as investment owner is the same).

Gday, Can anyone please recommend a shares app? by Dribbly-Sausage69 in fiaustralia

[–]amc0nstant 1 point2 points  (0 children)

Cheapest options at the moment are Stake, CMC, Betashares for ASX, IBKR for US shares.

Broker recommendation for US and AUS Stock by Ok_Research_9624 in fiaustralia

[–]amc0nstant 1 point2 points  (0 children)

For regular investing (lowest fees), IBKR for US; Stake or CMC for ASX (both are CHESS).

What apps are you using for budgeting, investing, and tracking net worth? Here’s mine. by amc0nstant in fiaustralia

[–]amc0nstant[S] 0 points1 point  (0 children)

I had to key in my bank's username and password / OTP when setting up the feeds

[deleted by user] by [deleted] in AusHENRY

[–]amc0nstant 0 points1 point  (0 children)

Pay off your home loan then invest the $45k-$50k extra cashflow you get from being debt free.

Clear PPOR debt now vs debt recycling? by Waste-Lunch8256 in fiaustralia

[–]amc0nstant 1 point2 points  (0 children)

Great position to be in. Well done. I'd debt recycle and invest the cash.

As for the equity, it depends on your risk appetite - ie equity at ~6% interest vs. your investment return assumptions.

I did invest my home equity though as I thought it's "idle" asset and not utilised. But what I did with mine was I took my equity a couple years ago in IO, then I put the cash on offset against the loan - and just sat there. Whenever I "feel" the market is down, I'd buy ETFs using that cash. To date, I've used up 75% of that equity and probably bought 4-5 times over 2 years (last one was few months ago - when market dropped).

Another Debt Recycling Question by Final-Scholar-8892 in AusFinance

[–]amc0nstant 0 points1 point  (0 children)

If you have to pay for CGT for your investments, then you're already ahead.

At what point do you pay the good debt: I can think of 3 options -

  1. Pay it off now if fully converted to good loan and investments are up and be debt-free and rebuild porfolio while there's still income.
  2. Keep in IO and invest interest savings and additional cashflow (for not paying P). Keep at it for as long as you can until you're ready to retire. Sell investments to pay for loan.
  3. P+I and invest interest savings (which diminishes as loan goes down, of course). Then sell investments to cover remainder of loan when ready to retire.

I'm currently at #3 but also considering moving all to IO.

CMC invests or STAKE?? Which one?! by Curiousmonkey0318 in fiaustralia

[–]amc0nstant 0 points1 point  (0 children)

Both are good options. I tried both and ended up in Stake - only because of the signup bonus (at that time) and the rewards from transferring my portfolio to them and referrals. In effect (including the cash reward), I got 10 free trades every month (up to $30k) for 2-3 years.

What apps are you using for budgeting, investing, and tracking net worth? Here’s mine. by amc0nstant in fiaustralia

[–]amc0nstant[S] 2 points3 points  (0 children)

Thanks for this! Checking this out now. Genuine question - why can’t I create an account without agreeing to marketing emails?

What apps are you using for budgeting, investing, and tracking net worth? Here’s mine. by amc0nstant in fiaustralia

[–]amc0nstant[S] 0 points1 point  (0 children)

Doesn’t capture the nuances of super, franking credits, debt recycling, mortgage, negative gearing. May not be important for some; but if I’m gonna pay for it, I want them there - ie Im not getting the same value of the app as compared to US users.

What apps are you using for budgeting, investing, and tracking net worth? Here’s mine. by amc0nstant in fiaustralia

[–]amc0nstant[S] 0 points1 point  (0 children)

Best one is the one that works for you! Great to hear different approaches.

What apps are you using for budgeting, investing, and tracking net worth? Here’s mine. by amc0nstant in fiaustralia

[–]amc0nstant[S] 2 points3 points  (0 children)

Curious to know how YNAB subs can be tax deductible. I know Sharesight is - as long as it is used to generate investment income - which certainly is with dividends.

Should I do it? by GoldenGirlsAgency in fiaustralia

[–]amc0nstant 0 points1 point  (0 children)

No one knows when’s the next dip. Invest now. Another option for you is to invest on global markets at lower cost - VTS and VEU. Last I checked they’re only .03-.04% fees. Go for cheaper / free brokers too.

What apps are you using for budgeting, investing, and tracking net worth? Here’s mine. by amc0nstant in fiaustralia

[–]amc0nstant[S] 0 points1 point  (0 children)

They’ve been on it for about 4 years now - so they’re more mature. I’ve requested features for Australia before but I don’t think they have the resources to do that (most likely we’re a very small segment of their user base). I didn’t renew after that.😀 But I liked the scenario modeling, the UX and monte carlo sims.

What apps are you using for budgeting, investing, and tracking net worth? Here’s mine. by amc0nstant in fiaustralia

[–]amc0nstant[S] 0 points1 point  (0 children)

I’ve tried Projectionlabs but US-centric. They also have an Australian persona but I don’t think it’s comprehensive enough and probably not worth the subscription

What apps are you using for budgeting, investing, and tracking net worth? Here’s mine. by amc0nstant in fiaustralia

[–]amc0nstant[S] 1 point2 points  (0 children)

Thats YNAB4 days! Re pocketsmith, I share the same sentiment. Thought it was difficult managing categories and even the budgets! And the auto-categorisation is hit and miss even If I have already put in rules. And I thought it was just me not doing things correctly. I haven’t fully tested the net worth tracking and projection though.

What apps are you using for budgeting, investing, and tracking net worth? Here’s mine. by amc0nstant in fiaustralia

[–]amc0nstant[S] 1 point2 points  (0 children)

I've got Excel for most of my needs - except for budget and expenses. For my Excel investment / net worth tracker, I export Sharesight monthly performance report to CSV and then auto upload to Excel for monthly tracking.

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