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@AK2012-v3e 21 сағат бұрын
Unbelievable!! In the title they say something then when you read their disclaimer it’s the opposite.. anyone that sells you something, buyer beware. Geez I thought Rask had more integrity than that.. Anyway good luck to everyone, be safe.
@shanea9613 Күн бұрын
Is nab equity builder a good example for time I'm the market beats timing the market? I'm about to pull the trigger on a $75k loan.
@alighadiri7433 Күн бұрын
Nice comparison. Could you discuss this from the perspective of people in their 20s and 30s as well?
@utkarsh999 Күн бұрын
I prefer to stay away from companies like nuix, that had management fraud and regulatory comcers irrespective of returns, difficult to build long term conviction
@darkshadows7570 Күн бұрын
24:00- comparison of management fees of rental properties vs ETF are not accurate. In rental properties, you pay management fees on rental income while in ETF, you pay fees on total investment amount. For example, if you rented out $500K property and receiving $20000 rent per year, you will be paying $1000 at 5% property management fees. But with same $500k invested in ETF at 0.5% annual fees, you will be paying $2500 per year. Thank me later 😊
@tobeysanchezliu6423 Күн бұрын
I scored 13/15. Pretty pround of myself. Consider I knew notjng about investing and personal finance less than a year ago. Thanks to RASK and all the other finance podcasts i have been listening to😊❤
@NJards-zt4fp Күн бұрын
Switched to Vanguard to auto invest in ETFs with no fees.
@tienngo2491 Күн бұрын
On the topic of Australian bank overseas - ANZ has been operating in Vietnam since 1993.
@blacktopimages Күн бұрын
I stopped watching at 45min, worst fishing show ever 😂
@rbtcat8497 Күн бұрын
For a financial planner, it looks like you get an on-going consultant follow-up. Sure, one assumes that there is a documentation trail, but what happens if the consultant moves on and if you want to stick with the same consultant? What do I look for/ask the financial planner before engagement - eg, restraint of trade?.
@loucity2 Күн бұрын
What are your thoughts on having HACK alongside with VGS & VAS?
@davidcorathers4203 Күн бұрын
it haven't really hav0 helps with this
@shinryukenYT Күн бұрын
You guys seem to be so focused on the MAX RISK side of Margin loan but dont stop to consider the fact that you can conervatively leverage (30-40% LVR) a basket of diversified ETFs portfolio and pretty much never get margin called. Although it is not really worth it with interest rates being around 8.5% nowadays.
@ianh5468 2 күн бұрын
Great site ...Im a new "virgin" in the world of investing shares etc and this helped me understand a little
@jnixo9900 2 күн бұрын
If Etfs are just diversified shares why not just put the money into your super which is doing exactly the same thing but you get better tax advantages?
@RobinStocksworth 2 күн бұрын
Solid insights! Have you considered covering OncoSil Medical in one of your videos? They're making moves in the biotech space that might be worth exploring.
@hairypawter8475 2 күн бұрын
I’m investing in schd as my core US asset. Can you guys please cover the trading costs and tax issues in detail for selecting ETFs and stocks in their market, not Aussie facing ETFs. Because I’ve done the math and the difference over time seems negligible like a couple hundred, few thousand over 15 years doesn’t concern me compared to the ability to get a dividend and growth etf that I think is best. But I’m new and isolated from long term investors: I feel like because nobody else does this, there must be something I’m missing.
@johntyoelofse2389 2 күн бұрын
I think i was the last person to comment on yesterdays live, asking about the S&P 500!! 😅
@Rick-kj9dd 2 күн бұрын
If you invest in IVV personally or through RASK do you have to fill in that WB whatever it is form you mentioned? Also if our dollar goes up or down to the US dollar which movement creates the greater return for your ETF. It's confusing?
@T4G95 2 күн бұрын
So that fund is domiciled in Australia. If you look into that fund you will find that it doesn’t own any individual shares itself it just owns the same etf that is operated in the USA. So they actually handle all the overseas tax implications as the middle man before it comes to you. You also get to buy it on the asx in AUD. It is one of the few funds that do the S&P 500 that way and that is why it’s one of the best options for an Australian investor. If you were to go through vanguards s&p 500 it is domiciled in the usa so you would have to fill out the w8ben form, pay US withholding taxes and do all your purchasing and selling in the US dollar and pay currency conversion fees every time there is a distribution or when you buy more.
@hairypawter8475 2 күн бұрын
@@T4G95 Im currently doing this with SCHD, to be clear, arent you doing literally all the same things, the only difference is your accountant does it vs IVV does it? There doesnt seem to be any actual difference in cost over time in using one method over the other
@Rick-kj9dd Күн бұрын
@@T4G95 Thankyou for your detailed explanation. Much appreciated. I was expecting a reply from Owen Rask but didn't get one. Thanks again.
@Rick-kj9dd 2 күн бұрын
Scam alert!!
@payroll970 2 күн бұрын
Great series.
@TheWeldingBoy 2 күн бұрын
Thank you for the sharing this info.
@megazone128 3 күн бұрын
Excellent information and really looking forward to part 2 of this topic.
@hardyhaha 3 күн бұрын
Everyone says that the debt recycling concept is a relatively simple process to understand, however, every person who has a crack at explaining the debt recycling process leaves me more confused, clear as mud.
@user-fyv9y79wv 3 күн бұрын
The only negative is that your can't borrow 95% of your ETF portofolio like you can with a property. Unless you do high risky things like margin call.
@davidkeel8376 3 күн бұрын
Really enjoying these stories, thanks for sharing 👍
@payroll970 3 күн бұрын
Interest on non income producing assets forms part of the cost base for capital gains tax purposes so long it is non deductible against any income in the year in which it was incurred.
@madeleinescholefield5780 3 күн бұрын
Love this. Proud wife moment 🔥
@tinaishatucker1329 3 күн бұрын
Fortunately, my spouse and I were able to pay off our mortgage early. While we were both still employed, we took the money we had been using to accelerate our mortgage repayment and invested it immediately. Thanks to nearly 7 years of saving what would have been our mortgage payment and to maxing out our 401K/403B plans, we were able to retire early. Fortunately, both of our parents instilled in us the need of living within our means. I appreciate your advice. I'm sure it will benefit others. We are looking at assets that might help us save for retirement; after all, I've heard of folks who made hundreds of thousands of dollars throughout
@colonMicheal9 3 күн бұрын
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
@colonMicheal9 3 күн бұрын
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
@tinaishatucker1329 3 күн бұрын
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
@colonMicheal9 3 күн бұрын
*Layan Talia Chokr* is the licensed advisor I use.Just research the name. You'd find necessary details to work with to set up an appointment
@tinaishatucker1329 3 күн бұрын
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
@josephj6521 3 күн бұрын
Interesting topic. Agree. People forget the costs of property and of course, the debt. Checked my ETF, after 15 years the total value has increased by 250% (share price plus dividends). It’s a great set & forget. I should’ve bought more earlier. I think I’ll top up soon and buy more. Property costs: strata fees for apartments & some are $10k pa, council rates, water rates, agent fees, stamp duty, selling costs, insurance and maintenance (which can cost thousands or tens of thousands).
@FridaNimz-z9o 3 күн бұрын
Ratke Cliffs
@bcusaaus4749 3 күн бұрын
Too much general talking! Get to the point quicker; I still like the info on this channel ( just too long)
@RavinderSingh-cs9rj 3 күн бұрын
Great info guys , thinking of going with rabobank for 4 months short term deposit at 5.75. Is it a good ban k, I have never heard of it before ? Is this bank protected by apra? Thank you
@payroll970 3 күн бұрын
Don't know the extent to which super is being used for Dental and like, more used for estate planning.
@Leigh-xw1gq 3 күн бұрын
Via Comsec Been doing so for 11years now
@SWE4255 3 күн бұрын
Love the content mate! Can we see more of these sort of videos? Keep it up!
@shanea9613 3 күн бұрын
I have a couple properties and I regret it. Too many fees and land tax and body corp. Rates reveal estate and everything else. I got into ETFs this year. Wish I did it ten years ago.
@svetaccord 3 күн бұрын
very insightful, thankyou Mitchell :) i'm really appreciating the considered, transparent & educational approach of RASK invest
@Yakitoriotaku 4 күн бұрын
I bought an IP last year in a very competitive market. It took every weekend from me for 2 months. I’ve done really well and am very happy, however, in comparison to ETFs, essentially a click of a button, I’m focussing on ETFs (until I can get my 2nd IP 😂 - which may not happen). If I don’t get a second property, I’ll have a decent portfolio that will help me transition to retirement earlier :)
@joiorca 4 күн бұрын
I invest in ETFs coz I can't afford properties 😅
@eldanno5970 4 күн бұрын
Nice work on the bike! No point having money if you don’t have health to fully enjoy it….
@motivational7531 4 күн бұрын
No risky leverage = no thank you
@Owenraszkiewicz 4 күн бұрын
Fair enough mate!
@BDK86 4 күн бұрын
Put Timestamps in your videos please!
@brookes1911 4 күн бұрын
Yes please!!
@Owenraszkiewicz 4 күн бұрын
@@brookes1911good point here. We’ll keep improving. Thank you!
@paulstone5055 3 күн бұрын
Agreed ! Not everyone has an hour spare , time stamps would be fantastic !
@admiral.greenbull3055 3 күн бұрын
💯
@BrendonFarrugia 4 күн бұрын
Perception "Peter Thornhill" Where wars and divorces begin
@AndrewPage1975 4 күн бұрын
Great chat! Thanks for the shoutout!
@michaelharrison4102 4 күн бұрын
I’m 57. No bebt and own a house outright. 300k in super I have 400k - 500k to invest depending on how much cash buffer I decide I want. I have been looking into efts . Would this be a good way to go?
@RaskFinance 4 күн бұрын
Hey Michael! I’m sorry but we’re unable to answer your question with a specific reply. Under the current financial laws in Australia, we cannot offer a tailored or specific response to a question with personal information and someone’s situation attached. Generally speaking, I think ETFs are worth considering at all stages of life but getting financial advice is often the best thing in the pre retirement years, given the opportunity to take advantage of investing, tax and superannuation strategies. Hope this helps. Owen
@anomadhunter 5 күн бұрын
The title of this episode made me laugh our loud - "building wealth" in Australia...what a joke. The confiscatory tax regime in Australia makes it impossible to build real wealth.
@jate.photography 5 күн бұрын
Hi Dave, Owen - RE: Debt Recycling if you have a Dollar Cost Averaging approach, how can you utilise the debt recycling approach given if you split your loan, then having to redraw lets say $100K, and would have to move it all immediately to your brokerage account to demonstrate to the ATO that it is used for investment purposes. However, if its moved to brokerage account, its no longer offsetting against your home loan, nor is it yet actually invested in shares nor earning any interest there. Isn't that a bit of a "lose" situation?
@simoncavanagh 5 күн бұрын
Another great book by Morgan Housel is ‘Same as Ever’. To me, this book took many of the great principles from the first book ‘psychology of money’ and developed them into a philosophical way of viewing / understanding a world where the future is impossible to predict, despite history seeming to constantly repeat, or at least ‘rhyme’.
@phillip_ho 5 күн бұрын
Would be great to get a recap on where these stocks are at in 2024