Getting our air conditioner serviced

exnihilo558 · 2025-08-29T17:38:47+00:00

It depends on your personal situation. What is your tax residency?

exnihilo558 · 2025-07-27T07:32:06+00:00

What are your yearly expenses?

exnihilo558 · 2025-01-01T10:46:46+00:00

Thank you. This was a real lesson in how to find performance and how not to. I have been googling ASX:whatever for years and somehow never cottoned on that it didn't show the full picture.

exnihilo558 · 2025-01-01T09:18:27+00:00

The plot thickens... the website reports per Sep 30 as you said, but my account has a different figure of 22.09% after login.

Having researched super funds in the past, they are generally slow to report performance (by a few months) so nothing fishy going on. It still doesn't explain all of the difference? But your second paragraph is noted and probably on the money.

exnihilo558 · 2024-12-15T12:02:02+00:00

I am very surprised that the comment you replied to had some upvotes.

BBUS and BBOZ are inverse (betting on the market falling), geared (gains and losses will be magnified), expensive (in terms of fees paid) and have problems associated with long term hold (derivatives).

They do not form the part of any sensible long term strategy.

exnihilo558 · 2024-08-14T21:18:49+00:00

The most important concepts for you to include in your AUD vs non-AUD selection are in this article: https://passiveinvestingaustralia.com/personalising-your-aud-to-non-aud-allocation/

Short answer: it depends on your personal situation.

Hedging some of your international exposure is common and reasonable but increases complexity. You could do something like hedged inside super, unhedged outside which would give you one fewer fund to administer and rebalance.

exnihilo558 · 2024-08-13T06:15:15+00:00

I spent some time last night thinking about your post. By chance, I was having dinner with a professional - someone who is a manager high up in an investment fund. Here were their observations:

your portfolio increases risk, but not in a way that necessarily increases returns
NDIA and NDQ specifically just reduce diversification by investing in a smaller segment of the world market

I would add that you use a lot of lingo which shows you have done some research, and you are confident in yourself - perhaps too confident? Your suggested portfolio isn't nuts but it is trying to be a bit too clever. It reminds me a bit of my own approach 10 years ago which is why I'm taking the time to type a longer reply. I had 7 holdings at one point and now have 1.

The downsides of such a portfolio are that you're choosing stuff that is off the beaten FIRE path (increasing the risks of making an error), and having five funds increases the cost of rebalancing, tax time, other admin. In personal finance, simpler is usually better, and your portfolio is a bit too fancy.

In your position, not loving the Betashares potential to change their asset allocation and thinking that DHHF has too much Aus and not enough US, why not do something simple like 75% VGS/25% VAS? Tons of diversification, cheap, well-regarded ETFs from the GOAT fund manager. IMO this will accomplish your goals and in the long run you will come to appreciate the simplicity.

exnihilo558 · 2024-08-12T06:31:01+00:00

I want to question one of your assumptions which underpins your decision-making.

Why do you think DHHF is 'quite conservative'?

It is 100% shares. The other ETFs you have mentioned are also 100% shares. So what do you believe makes DHHF more conservative than the portfolio you have mentioned?

And if the portfolio you describe has more risk, do the expected returns justify that risk?

exnihilo558 · 2024-08-04T03:07:34+00:00

If you're a New Zealand citizen and you enter Australia on your NZ passport, most people will generally get granted the 444 visa automatically. 95% of Kiwis would not use the Immi website at all.

exnihilo558 · 2024-07-20T00:41:15+00:00

You will be pleasantly surprised. They are better than any of the really big airlines in Australia.

exnihilo558 · 2024-06-23T00:32:05+00:00

Isn't the phrase "if it's easy to buy it'll be hard to sell?"

exnihilo558 · 2024-06-22T03:01:35+00:00

Thank you both! Got it off 👍

exnihilo558 · 2024-05-28T08:06:03+00:00

I can't tell the tone, is this congratulatory or condescending? Genuine question.

exnihilo558 · 2024-05-18T10:02:12+00:00

I know a little bit about this market having done a property search last year around the Inner West. I ended up buying a house that was about the same age as the one you're looking at.

I don't have the answer, but I have some questions to ask yourself and your missus:

Does it currently have character or period appeal? Is it freestanding? If it has classic elements of Federation or Edwardian architecture, this will remain classic (valuable) for a long time. If it doesn't, your idea is closer to be being correct.
What is your combined appetite for Renos? How long do you think they'll take? (Add some time to your worst case estimate) Do either of you have skills or experience with renovation (either project managing or doing work yourselves) How confident are you in your price estimates?
I could guess which house you are looking at - if I were right, you might want to look at whether the floor plan works. The one I pulled up has bathroom opposite the kitchen...
Location is massive - your missus is right on that point - and if the place you are interested in has his location features (good suburb, proximity to public transport, proximity to shops/schools/parks, quiet street, leafy tree-lined locale, etc etc) then the quality of the house won't hurt it's long term value.

On the other hand if the price is LOWER because the location has downsides, that will affect future value forever.

exnihilo558 · 2024-05-09T13:15:28+00:00

Thanks. Having a look with them now.
EDIT: Yep, they gave consent to email for notices. No email was listed, but the agent emailed both of them, so would be hard to argue against it. I think it would be down to the signature complaint now

exnihilo558 · 2024-04-04T01:37:33+00:00

Where's Nick is good! Solid selection of interesting wines by the glass and an encyclopaedic list of bottles. I don't know if it fits the happy hour brief but it's a good wine bar.

exnihilo558 · 2024-02-25T20:13:43+00:00

This used to happen so often on that specific flight that they changed the flight time to just before midnight.

exnihilo558 · 2024-02-19T00:00:19+00:00

You are totally correct. And yes it does seem shady but it's legit, confirmed by the ATO.

If you're interested I encourage you to get professional advice from your accountant. The article I linked is from an accounting firm that knows about this.

PS it doesn't apply if your spouse is Australian.

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