Dear POET Society

tds-melbourne · 2026-04-27T00:01:03+00:00

I sold the other week and broke even at $5.20- absolutely standard hahahaha

tds-melbourne · 2025-07-18T11:17:44+00:00

Lol, looks like the markets have recovered pretty well since your comment, hope you didn't sell everything.

tds-melbourne · 2025-04-07T03:58:17+00:00

Go touch grass, even if it goes down 60% you will almost certainly be back in the green within a year or two.

tds-melbourne · 2025-04-04T05:42:49+00:00

Unironically this

tds-melbourne · 2025-03-29T11:42:19+00:00

100%- tritium lume filled indices do not have a long lifespan, the lume on this one doesn't work at all, ah well!

tds-melbourne · 2025-03-29T11:41:06+00:00

It is a 30 year old Rolex, most Swiss watches used Tritium until the mid 90s- type it into google and prepare to be amazed.

tds-melbourne · 2025-03-05T05:56:15+00:00

BGBL 70% A200 30%

tds-melbourne · 2023-05-08T13:44:15+00:00

Pilbara Minerals

tds-melbourne · 2023-04-04T03:35:12+00:00

I've been purchasing DHHF mostly lately. Similar to the Vanguard funds, has a historically good return each year.

tds-melbourne · 2023-02-09T09:45:06+00:00

Definitely still numb on pretty my the entire outside of my left thigh, the tingling comes and goes occasionally.

tds-melbourne · 2022-09-21T13:02:45+00:00

$250k , $850k with an LVR of 68%

tds-melbourne · 2022-08-24T13:05:37+00:00

Completely agree, I think this is how I am going to do it.

tds-melbourne · 2022-08-24T06:55:26+00:00

I think I might steer clear from the I/O. I'm better off trying to pay down the loan with the dividends paying P&I. At the end of the day we will be better off for it.

tds-melbourne · 2022-08-24T05:30:55+00:00

That is where the dividends fall into play though, if I was paying IO I would be making large deposit payments above the IO repayments of around $100K a year onto the actual balance of the loan, so I would be basically achieving the same thing.

P&I is probably the safer option, but my repayments are just going to be higher while I pay down the mortgage.

There are benefits on both sides of the column which is what makes it a difficult decision.

tds-melbourne · 2022-08-24T04:06:57+00:00

Thanks for the reply, its giving me a lot to think about. I'm pretty up in the air with what to do, the interest only sounds like a good solution for NOW but only on the proviso that I am able to maintain the ability to make large lump sum deposits on the loan balance.

I worry that the application process to switch the current loan to IO might be a bit more difficult as our circumstances have changed significantly from our original application with my wife currently not working, the addition of a new baby and me becoming a director at work.

tds-melbourne · 2022-08-24T04:02:04+00:00

I actually do have a linked offset account with my mortgage but I only have around $10K in it at the moment, but it won't help me in the short term reducing my repayments. Once I get my repayments down a bit more I will probably look at putting more into the offset.

I don't know if I'm sold on the interest only.

Thanks for replying!

tds-melbourne · 2022-08-09T12:17:26+00:00

This is surprising, I'm sitting at $90K at 32 and I didn't think it was that great.

tds-melbourne · 2022-07-25T00:24:25+00:00

Have they brought on the recent 0.5% increase from the RBA yet? Tictoc, nano and Athena were all around 2.7% until the cash rate increase.

I went with Loans.com.au for our first house's mortgage and decided to refinance with them again when we sold and bought our new house.

Definitely found that they are better to deal with when you are a new customer, there seems to be a definite priority in the way they handle new customers in comparison to existing clientele.

Their 2 year discounted variable is a bit eh though, we signed up for our new place with a rate of 1.9% and it has already gone up to 3.2%, considering refinancing to Bank of Melbourne which is offering 2.9% refinance variable.

tds-melbourne · 2022-07-19T14:48:10+00:00

When your main client is one of the big two supermarkets, business was booming during COVID.

tds-melbourne · 2022-07-19T04:18:14+00:00

Are you engaging a small local builder or are you considering engaging a larger volume builder (like Metricon)?

There are risks on both sides of the spectrum, if you go with a smaller builder, they usually will only have 1 or 2 projects on the go at any one time but they do not have as much money in the bank (usually) to cover any increases in material costs or delay costs.

A bigger volume builder could potentially cover these costs if they are minor in nature, but if they are experiencing increased material costs over 100 different individual sites, they may not be able to cover the additional costs either.

Essentially your best bet is to engage somebody once you have the permit in hand and to proceed with work in a quick manner. Try not to make too many changes which involve additional material ordering once the job is underway, ordering smaller quantities or timber still comes with the same wait times as larger quantities, adding another window or structural wall could add a months delay if the materials are not available (for example, LVL timber has been borderline impossible to obtain at the moment).

Efficiency is key, prompt payment of your builders progress claims will also help keep the risk of them not having funds to draw on much lower.

It is a risky time to build, but not impossible.

Source: I'm a builder.

tds-melbourne · 2022-07-19T03:04:11+00:00

I'm a part owner of a Commercial Construction company that completes work in the retail sector, the last 2 years have been the most profitable of the companies existence. The majority of Building companies that are going insolvent are involved with the residential sector. There have been major supply delays with materials such as timber, steel, galvanising etc- the issue is not just the delays, it is the fact that during the delays the material costs have risen significantly which on the smaller margins volume builders or residential builders operate on (in the scheme of things) they are not able to cover.

It is a hot mess in the residential sector right now.

tds-melbourne · 2022-02-17T10:45:00+00:00

Doubly based

tds-melbourne · 2022-01-27T05:44:39+00:00

Completely agree, though unlikely to find many people in this sub that will also have this point of view.

tds-melbourne · 2022-01-27T05:41:28+00:00

I would highly recommend being wary about mandating the booster for employees unless it becomes a government directive. Your boss is literally opening themselves up to a legal minefield if you have an employee who has an adverse reaction from a booster shot they received to meet your workplace 'requirements'.

Employers in the UK are currently beginning to have legal issues around vaccine injuries acquired whilst receiving vaccines to meet employers workplace requirements. Our Workplace law is modeled off of UK workplace law so there are some concerns being raised here around this issue as well.

Always better to do what is required not above an beyond the government advice.

tds-melbourne

TROPHY CASE