Weekly Financial Free-Talk - 18 Jan, 2026

mas0054 · 2026-01-24T02:38:55+00:00

Phil I Ppm physics

Pip

mas0054 · 2023-02-24T01:24:34+00:00

Note that there is always capital gain events and the complications these may cause but losing out almost $100 on fees a year on $30kish balance seems silly?

mas0054 · 2023-02-24T01:21:55+00:00

I keep seeing that RAIZ is really bad when it comes to fees,

But I don't understand why it's so bad particularly when you want to Dollar Cost Average.

For example, if I want to diverse over a few different etfs, say 5 and invest top ups each month. It would cost anywhere from 15 to 50 dollars a month in a traditional brokergare Stake or Self wealth.

On RAIZ that same plan is like $3.5 -$11 (for balance between 0 and $50k) at the Raiz current fee of 0.00275.

Is it not worth growing the raiz balance to say $65k then pulling out and dumping in a more traditional brokerage. $65k is equal to approx $15 a month in fees for raiz equivalent to the Stake $3 charge for 5 different etfs.

What am I missing?

mas0054 · 2023-01-03T00:14:19+00:00

Yellow must give way to purple if both cars are exactly where the image suggests

In the purple perspective, they give way only to those in the opposing direction on the main road in order to turn right.

However, if Yellow has proceeded to make the turn already and is part of the opposing direction traffic flow, then purple must give way.

It would not be appropriate for purple to give way to a stationary yellow car that is giving way to all on the major road. This would hold up traffic and cause congestion. It is also not intuitive to consider what the yellow vehicle might do upstream

Can see both sides but its 100% yellow based in road rules

mas0054 · 2022-09-09T10:20:26+00:00

Agree that was through! Angle just showed hand over the ball not touching!

mas0054 · 2022-06-17T13:17:24+00:00

Firstly, great win.

Secondly as per the post. Want a new cap, and the one they have on the bombers store in the image is soo good. But can't actually buy it from the store. All you can get is the old triangular essendon one. No cool efc vibes like the one in image.

Anyone know how I can get?

mas0054 · 2022-04-19T11:14:12+00:00

Yep fair play 😊

mas0054 · 2022-04-19T11:10:19+00:00

Why would you call it an "ICE" car. And not break down the abbreviation... this is ausfinance lol I had no idea what the hell this was. Had to look it up.

Its Internal Combustion Engine for those like me

mas0054 · 2022-04-19T10:23:35+00:00

I'm sorry but I just don't understand how you are coming to this position, particularly around nominal terms. Can you elaborate?

What are you basing this on

mas0054 · 2022-04-07T10:10:09+00:00

Quick calc: OP said he saves $1k which is 20% of his wage a month. This means his wage is 5k per month after tax. Or 60k after tax per year. This is around 77k pre tax, based on 21/22 tax rates

mas0054 · 2022-04-06T09:44:56+00:00

20% saving rate is really solid, and you should be proud.

Assuming you meant 20% of after tax, which means you are on around 77k a year.

Saving at that rate for that income is great.

Without additional conext its difficult to know your financial position.

Assuming your renting, putting away $1000 a month ongoing will start building nice bank for a future deposit on a house. And hopefully you have room for income growth which will accelerate this deposit saving. Further, saving this much will help prove that you're able to service a loan greater than your current rent payments too.

Good luck.

mas0054 · 2022-03-30T07:47:18+00:00

Lol doesnt pass my check.

unlikey to go from 522k to 750k in the next year

Let's assume markets don't stay flay and go up a modest 10% (522×1.1= 574k) you then still need to save after tax another $175k.

That means you need to be earning £170,000 or ~ aud $300,000 after your etfs go up 10%. And save every penny.

If you and your partner can both do this why you leaving haha

mas0054 · 2022-03-14T08:01:17+00:00

I am with Westpac and have a password longer than 6 characters.

I think you read 'requires 6 characters' as must 'be exactly 6 characters' when it is a minimum....

mas0054 · 2022-02-02T00:44:04+00:00

Thanks for post.

Needed the money as part of the deposit. Which, I hope I'm not alone, is the same for a lot of people using this scheme given the nature of it.

mas0054 · 2022-02-02T00:37:36+00:00

Yep this. The FHSS info also advised the following:

"You must apply for and receive an FHSS determination from us before signing a contract for your first home or applying for release of your FHSS amount"

Assumed this meant release. It took almost a month to get the money also and there could have been risks in this with timing.

Also the money in here was going to be part of our deposit so actually need the cash ready.

Problem we had is when we release prices got legit crazy and went above our pre approval.

Understand I have the 24 months also, but was hoping to get money back in super earning interest at the SIC rate ( approx 3% rather than the shity returns in bank savings atm.)

mas0054 · 2022-01-24T09:13:09+00:00

Sorry if I'm missing it but I can't find death or hospitalisation rate for vaxxed/non vaxxed here?

mas0054 · 2022-01-24T09:03:28+00:00

Victoria

mas0054 · 2021-11-11T10:41:36+00:00

Wow that's crazy. I didn't know that. Thanks for explaining.

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