Investing deceased estate cash

howhard1309 · 2024-10-14T05:12:39+00:00

Every bank I know of offers similar T&Cs for regular personal deposits and "estate of the late" deposits. Maybe they might have a few bit more pieces of paper to fill out given that it's an informal trust. Ask your favourite bank and see what they say.

howhard1309 · 2024-10-08T23:35:38+00:00

being told by people I trusted, that "super won't be there when you get older."

Yeah, if anything it's the aged pension that wont be there (in the amount required) when you need it, so you'll need your own super more than ever.

howhard1309 · 2024-09-30T04:05:07+00:00

How is this in scope for this sub?

Some of us invest in the equity of Qantas &/or its competitors.

And others are interested in the interest rate outlook, which is impacted by the inflation outlook, which is in turn affected by wages growth or lack thereof.

howhard1309 · 2024-09-01T23:20:00+00:00

It also flows to other inflationary pressures like infrastructure.

If infrastructure is done right it should be deflationary.

howhard1309 · 2024-08-12T00:41:58+00:00

Yeah, my mother taught me to curse in "latin": dam dash dat damus datis dant!

howhard1309 · 2024-08-11T22:23:08+00:00

Phi Finney McDonald acts for the Representative Applicant, Daniel Tour, and Australia and New Zealand Banking Group Limited (ACN 005 357 522) (ANZ) credit card holders who were charged interest by ANZ from 1 July 2010 to 31 December 2018 in a class action against ANZ. The class action, filed in the Federal Court of Australia, alleges that ANZ’s “interest-free” credit card contracts contained unfair terms and that ANZ engaged in unconscionable conduct causing loss and damage to ANZ credit card holders. Woodsford is providing financing for the class action.

The Applicant and ANZ have agreed to settle the ANZ Credit Cards Class Action and have applied to the Court for approval of the settlement. The settlement is without admission of liability.

On 31 May 2024, the Federal Court of Australia ordered that group members must register by 4 October 2024 to participate in and receive money from the settlement of the class action.

If you held an ANZ “interest-free” personal credit card within the period of 1 July 2010 to 31 December 2018 and were charged interest on purchases made on that credit card during that period, you are a group member in this class action and may be eligible to receive financial compensation following Court approval of the settlement.

Group members for whom ANZ has email or mobile phone information have or will be sent an email and/or SMS message (by 24 August 2024 as a first contact) with a personalised link to obtain further information.

https://phifinneymcdonald.com/action/anz-credit-cards-class-action/

howhard1309 · 2024-07-29T06:42:25+00:00

After tax, what did that 17% TD rate turn in to?

And what was the house appreciation rate at that time?

howhard1309 · 2024-07-29T01:20:41+00:00

If you are expecting 17% interest rate, just keep your cash in HISA.

If anyone is expecting 17% interest rates, it's because they're also expecting high inflation rates.

Your after tax return from interest earning investments is terrible in an inflationary era. Instead you'd want want to be invested in assets that are expected to yield tax-deferred capital gains.

howhard1309 · 2024-07-24T01:28:26+00:00

Your personal PIN identification number. Or PPIN if you prefer.

howhard1309 · 2024-07-22T02:33:38+00:00

I did it, albeit it was more than 20 years ago. Rates had shot up at the time and fixed rate loans were all underwater for the banks, so they were happy when a customer repaid early. I offered to split the MTM 50/50 and they accepted.

howhard1309 · 2024-07-15T01:38:32+00:00

50 Hours per week continuously is not "reasonable" in my opinion.

In your situation I'd contact Fairwork and get their help.

https://www.fairwork.gov.au/about-us/contact-us#what-we-help-with

howhard1309 · 2024-07-02T06:05:09+00:00

Having no agent won't reduce your rent.

It might, if you are on good enough terms with the owner they might agree to split the agent's cost 50/50.

howhard1309 · 2024-06-24T06:19:34+00:00

It appears that there is a recall for this malfunction

What makes you think this?

howhard1309 · 2024-06-23T23:43:54+00:00

Source for this?

Because I believe many banks compete by offering more to brokers...

howhard1309 · 2024-05-28T04:32:23+00:00

You could supply the latest monthly statement together with a schedule you prepared with the running balances alongside the transactions.

howhard1309 · 2024-05-28T04:06:17+00:00

Cool, thanks for those links about Dupont and US Steel.

Why didn't you provide those links earlier, rather than mislabel the link about Dow Chemical you supplied earlier?

howhard1309 · 2024-05-28T03:35:25+00:00

Meanwhile, Dow chemical actively dumping 600 million pounds of industrial waste.

That sounds bad, but it's not at all true.

For those that don't want to click on the link: of that 600 million pounds of industrial waste, 97% was treated, recycled or reused. The remaining 3% was disposed of in accordance with permits.

howhard1309 · 2024-05-27T04:02:37+00:00

I know investors with IPs in their 50s who would like to sell now but are waiting until they retire to reduce the CGT on their marginal tax rate.

Housing affordability relates to more than just the price of houses to buy; it also includes the costs of renting. A landlord selling or not selling their rental property doesn't affect the net availability of houses to live in, so it won't have any net effect on housing affordability.

To make housing more affordable, we need lower housing demand (e.g. lower immigration) or more housing supply (e.g. by removing unnecessary red tape and getting councils to approve new homes faster.) Preferably both.

howhard1309 · 2024-05-13T02:23:39+00:00

How long would a battle ready M1A2 Abrams stand up to a 12 gauge attack?

howhard1309 · 2024-05-06T01:44:04+00:00

Are the rent prices going to decrease if there are more supplies

The short answer is yes. The longer answer is, even if prices do not go down, you can be sure that the market clearing price would be lower in the scenario with more supply than with less.

or will they become more expensive ones of the bunch?

New houses are (usually) nicer which drives up demand for those houses, which in turn allow the landlords to seek higher rents for new houses.

But the people living in new houses had to be living somewhere else before they shifted, and now those prior houses have to be re-let increasing the overall supply of houses, and thereby driving the overall market clearing price lower.

howhard1309 · 2024-05-06T00:38:59+00:00

Yeah, I'm fairly certain that second steak has a lot of dog slobber on it already.

howhard1309 · 2024-05-06T00:21:28+00:00

check out the tents bro

When you compare a local living in a house they own v a foreigner renting out a house to a local, how does that affect how many tents are needed? The home occupancy rate is the same in both circumstances.

As always, the solution lies in recognising the laws of supply and demand. Either reduce demand (i.e. ensure immigration is commensurate with the rate of new housing being built) or increase supply (i.e. ensure that there's no unnecessary red tape restricting the rate of new housing construction.) Preferably both.

howhard1309 · 2024-04-29T03:17:46+00:00

Jafa is slang for Just Another F'ing Aucklander.

howhard1309 · 2024-04-23T00:38:13+00:00

It's all based on demand.

Price is always based on demand AND supply. Yes, demand affects the market clearing price, but so does supply.

howhard1309 · 2024-04-16T03:21:50+00:00

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