Power Raid
We Exist To Win Premierships
Lets not get ahead of ourselves here..
Why?
I think this should be taught at schools
Why should it take 20 years to see the light?
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Lets not get ahead of ourselves here..
Why?
I think this should be taught at schools
Why should it take 20 years to see the light?
What happens if the litigation is unsuccessful?
Wouldn't want to confuse some impressionable people by unnecessarily using one of the most dangerous investing phrases... 'risk free'.
it depends on how you structure it but the form is usually debt and has recourse over all the companies assets and not just the outcome of the litigation. companies prefer this over equity as the litigation result uncertainty would cause unnecessary dilution. So they turn to an instrument that preserves their capital structure.
so risk free is appropriate and reserves the same definition as used in other "risk free" investments.
So you would then be stuck with a bunch of business assets you have no use for instead of cash, which you would probably need to liquidate in a firesale?
Sounds like risk of capital loss to me.
property is a crap investment
Even though he's bant you just made bunsen burner's head explode.
My partner and I have no kids so it makes saving much easier. We put away 40% into shares and 16.66% into saving for a house. The rest we spend/accumulate for emergencies.instead of creating a new thread I just thought I would throw it out there - how much do you put away per week on your income?
I find I put away roughly 20% in savings, spend 20% on rent, put about 20% on my credit card (which I need to get rid of) and then the other 40% is for day to day, bills and incidentals.
Anyone else want to do a breakdown, and/or advise me if you think I could do more/less? Would like some differing opinions. My partner is a massive saver/hates spending, and I used to spend heaps but she's curbed it a bit
You're doing well. If I were you I'd invest a a decent amount into shares. For someone of your age it's probably best to aim for market returns. It might sound boring but it's better than most people. Market returns historically average around 10% in Australia and the USA with dividends reinvested. I would look at an LIC such as AFIC or Argo or an ETF such as VAS. Be sure to use cheaper online brokerage, understand the long-term nature of investing, and save up at least 2k per bundle, otherwise brokerage eats away too much profit. Pre-supposing you will get about 9% returns over the next 40 years, putting 5k away each year will leave you with $1.84 million, or ~$564k inflation adjusted.Turned 21 a few months back and decided it's time to put a bit more thought into this so am going to see a financial planner. But would be very interested in hearing any comments/tips from a second opinion here!
Have 20k in a savings account in bank, interest is pretty rubbish at the moment so usually get approx $60 bucks back a month, spoken with the bank and they agree a term deposit isn't really an option. Also have approx 2k worth in shares, not sure whether to stay out of this or get in further and build something up with dividends from 'blue chip' companies which has been mostly my strategy so far (not that I've gone in with a lot of science to base this on).
Honestly don't know where I stand amongst other people of the same age, never really discuss money with mates so if anyone could give any insights that would be great?
Personal situation is that I have finished uni, have a full time job and am paying a couple of hundred a week for rent.
Young ones struggle to buy houses because houses are very expensive. Having a planner isn't going to change that.
If you need to employ someone to tell you to spend less than you earn, don't borrow large sums of money to buy depreciating assets etc. then you're going to struggle in life.
Having someone to mentor you and keep you accountable works for many ppl.
I know because I do it and I have many happy clients achieving their goals because of it
thirties......focused on earning money and had enough to retire by late 30s
That's a fair effort. Howd you go from broke to retired in less than 10 years?teens......focused on fun, focused on getting out of Adelaide, saved very little, had loads of ambition but no idea
twenties......earned basic wages (saved $100k), travelled the world, worked hard but not smart, before returning to university and graduating with F' all left but a couple of great holidays
thirties......focused on earning money and had enough to retire by late 30s
forties.......just help others get their businesses up and community stuff whilst managers run my businesses
the only thing I can say from the experience is invest in yourself and back yourself......rather than just spending or just saving.
saving is a function of income and expenses. get your income up and hold off on buying your dream house, hold off on wasting money on cars and consumables...etc until you "really" can afford it and have time to enjoy it. ie why have a Ferrari as a merchant banker pulling 14+ hr days?
That's a fair effort. Howd you go from broke to retired in less than 10 years?
That's a fair effort. Howd you go from broke to retired in less than 10 years?
paid out on a property deal for pulling it together but better still offered to participate in the management buy out of a part of the rothschild business when they left the mining sector.
this grew from a small business of circa $20m to over $600m but also gave me opportunities with FMG, RIV and AGO. We bought 35% between two funds of AGO ($0.20, $0.30 and $0.45 and out at over $4) and 20% of RIV at $0.20 at out over time including the takeover at $16. The FMG stake was smaller but our chairman was also the chairman of FMG so we got in at $0.20.
within three years I had earned enough to step out and started a sister business with 33% equity and now own 50%. This is now one of the most successful PE resource businesses in Oz.
We also had a great run of luck following a gold team firstly with Samantha, then Equigold (in at $5m-10m MC and out when Lihir paid $1.3b) and then regis.
The debt, equity and hybrid investments were good but the FX and commodity trading served us just as well.
Property, seafood, beef, IT are also happy stomping grounds.
but looking back.......right place right time
Harder you work, the luckier you get!
Great to hear.
interest rates are circa 30% in the Ukraine........which means lower asset prices
time to buy some assets in the Ukraine.........fly out tonight
one has to take the view whether the Ukraine becomes a puppet for Russia or joins the EU. Either way, I think there is a win but the game will be played differently.
Provided you're not looking at buying into oil, gas or electricity routes there's a lot of good investments to be made.interest rates are circa 30% in the Ukraine........which means lower asset prices
time to buy some assets in the Ukraine.........fly out tonight
one has to take the view whether the Ukraine becomes a puppet for Russia or joins the EU. Either way, I think there is a win but the game will be played differently.