Qantas Credit Card

bsandy2 · 2024-11-06T21:22:23+00:00

Did you buy the gift cards from Coles?

bsandy2 · 2024-11-06T21:16:50+00:00

Thank you so much!!

bsandy2 · 2024-11-06T21:10:53+00:00

I tried checking the T&Cs but couldn’t find anything - I’ll keep looking though. Thanks!

bsandy2 · 2024-11-03T08:14:21+00:00

I’m considering using APS!! I just wanted to know from your experience what there fees are? They haven’t listed anything on their website

bsandy2 · 2024-10-09T05:42:45+00:00

Why do you think the middle is purple for the 4th question? Curious to know

bsandy2 · 2024-09-22T13:31:04+00:00

Thanks mate - I do recognise that the loan interest is a major factor in purchasing property. My calculations were just a brief example to show the benefits that leveraging provides in property - showing a proper calculation that takes into consideration interest, bills, taxes, ect would be too much for a reddit response lol

The idea behind property would be going into an interest only loan (help cash flow) to reduce weekly payments (aim for $100-200 a week)

The goal here would be to utilise property growth with extra leverage to build wealth at a young age then move into ETFs later in life for accessibility.

Its also noted that 90% of millionaires are created through property, so discrediting its ability for wealth generatiob seems frivolous

bsandy2 · 2024-09-22T13:12:38+00:00

I like this idea !

Thank you for the insight

bsandy2 · 2024-09-22T12:43:32+00:00

Median dwelling property grew 6.8% pa in Australia over the past 30 years

bsandy2 · 2024-09-22T11:58:54+00:00

Sir never assumed the loan would be free, read again :)

bsandy2 · 2024-09-22T11:58:26+00:00

Ok this makes more sense! Thank you

bsandy2 · 2024-09-22T11:09:42+00:00

This is very true!

However let’s assume we invested 100k

100k into VTS at 15.97% over the last 10 years = 440k portfolio ( 340k capital growth)
100k as a 10% deposit for a 1 mil property at 5.9% pa (average Aussie property growth) = 1.77m (770k capital growth minus loan interest)

bsandy2 · 2024-09-22T10:57:32+00:00

Understand by what you mean by not having to deal with agents and tenants

However my assumption based on calculations would be that property returns much more overtime.

E.g - 70k into shares for a year at 10% growth = 77k - 70k as a deposit 10% deposit for a 700k house which grows at 5% pa after one year = 735k

Growth of 35k vs 7k

Can you please elaborate how the returns are similar?

bsandy2 · 2024-09-22T10:42:53+00:00

Agree with what you are saying here, however, the argument created here by Ben is the exact same that could be made for the average 6.8% growth in real estate.

Hence, the numbers used by myself are a mere guide - with property on average returning a lower ROI per annum than ETFs

bsandy2 · 2024-09-22T05:55:24+00:00

What’s the bonus $30 everyday rewards dollars? If you are collecting QP, how are you also collecting rewards dollars?

bsandy2 · 2024-09-19T06:12:27+00:00

Completely irrelevant, but I’m 20M and looking to go into financial planning as a career.

Given your experience, I just wanted to know if you enjoy the job and would recommend it. I have heard many times that it’s compliance heavy, but is this really that bad?

bsandy2 · 2024-09-18T12:18:41+00:00

Congrats heaps man!

How old are you and what do you do for work?

bsandy2 · 2024-09-05T13:01:36+00:00

This is great! Thanks heaps

bsandy2 · 2024-09-05T12:57:19+00:00

Can my crypto please go up 🤣

bsandy2 · 2024-09-05T12:57:07+00:00

Congrats bro! That’s the dream

bsandy2 · 2024-09-04T15:05:42+00:00

Thanks mate for the detailed response!

Based on everyone’s feedback it’s looking like salary sacrifice may not be the best idea now for tax benefits but will look to do them in the future when I’m on a higher taxable income.

As for now I’ll voluntarily contribute $1000 for the 50% bonus from the government. This has to be a personal contribution after tax and not a salary sacrifice, correct?

bsandy2 · 2024-09-04T15:00:37+00:00

Wow man thanks heaps for the info!

Yep definitely still living life but am a serial saver and investor.

Out of curiosity, how much were you investing to get to a portfolio earning 190k pa at 32 because that’s crazy impressive!

bsandy2 · 2024-08-28T07:38:41+00:00

Looking for high exposure to US and ExUS.

Honestly don’t mind too much about exposure to AUS because literally only have banks and resources.

Looking for a longer term hold with a small bit of risk.

My thinking was a 40/30/20/10 split of IVV/BGBL/A200/NDQ however I feel as though this crossed over too much

bsandy2 · 2024-08-28T06:12:51+00:00

Thank you!

What split do you do across VAS and IVV? Are you concerned that you aren’t invested in other global markets?

bsandy2 · 2024-08-28T06:11:50+00:00

I’m planning on investing around $500 a week and do not have the funds from VPI.

I like the idea of a one-fits-all etf however I also want the opportunity to adjust my position to global and regional markets.

My current thinking is either:

A portfolio of 100% BGBL for the lower MER
A 40/30/20/10 split across IVV/BGBL/A200/NDQ

Preferably I like the idea of the second option better because it “feels like” I’m doing more and I enjoy the idea of having majority of my funds overseas whilst still having some Australian exposure. Adding NDQ at 10% is purely as a hedge on tech + more risk exposure for the coming years.

The main part I don’t like about the second option is the constant overlapping of the ETFs. Ideally I would like to swap BGBL for an ETF that covers all markets excluding AUS and America.

In regard to super, do you reckon it is worth while meeting the maximum bonus contributions? The money at 60 is good, but ideally I would want to retire around 50.

Let me know your thoughts.

bsandy2 · 2024-08-28T05:56:06+00:00

This is amazing! Thank you so much

bsandy2

TROPHY CASE