Yeah, good. the only one I follow is Plenti, but yeah interest and principle payments continue to hit my account on schedule, I can put money away at about 6.5% for 5 years, or 4% monthly.How is the P2P investment scene going these days, does anyone have any recent data
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Great to hear of your principle and interest hitting your account, but I cannot see clearly now why interest matters since its clearly not keeping up with inflation. Maybe I just need to put my GLASSES on to read this correctly.Yeah, good. the only one I follow is Plenti, but yeah interest and principle payments continue to hit my account on schedule, I can put money away at about 6.5% for 5 years, or 4% monthly.
That's good, they have been going for a while now, so should be getting a good track record.Yeah, good. the only one I follow is Plenti, but yeah interest and principle payments continue to hit my account on schedule, I can put money away at about 6.5% for 5 years, or 4% monthly.
The money I put in Plenti is only the money I am holding to use in the short term, eg next years wages, a tax bill in 6 months etc etc.
Yep, I have been investing with them for about 9 years now, So far so goodThat's good, they have been going for a while now, so should be getting a good track record.
You have been with them for some time, so you must be happy with them.
It really is great to hear a success story.Yep, I have been investing with them for about 9 years now, So far so good.
As I have mentioned before, it’s just a place I use to store money I need in the short to medium term, for things like my weekly wage I pay myself, Tax Bills that are due in 12 months of so, My car replacement fund is in there, float generated by my options account, etc etc.
These sorts of short term cash savings aren’t really suited to the stock market etc, and are generally fixed amounts, eg the $100k that I owe the Tax office will still be a $100k debt when it comes due in 6 months, so isn’t affected by inflation, so any interest earned is a bonus, and gets diverted from that savings system I have into my super At regular intervals.
I am into cars and are going to have a go at giving that up , 3 have to go , bit torn on that but keeping my Mustang although the '76 SS torana is going . Also love making timber things and will have to give that up when i go to apartment lifestyle but i will put all my tools in storage for a while , just in case .Just going back to OP this is something I am starting to think about more and more.
In my mind there are several aspects to this depending ones physical and mental capabilities at and beyond retirement age.
What sort of residence does one want to maintain? How much land? How close to a capital city does one want to live? White hobbies does one want maintain? Doing up Shelby Cobras, growing the biggest prize winning marrow? Playing bowls with a walking stick and drinking far too much beer afterwards?
At this stage I don't actually want to retire even though I have the financial capabilities (though wouldn't be living the lifestyles of the Rich and famous). I enjoy my work and I enjoy the people so as long as I am physically capable I will probably keep doing it.
This adds income on top of my investments and probably prevents my wife shivving me in the liver.
Asset allocation for me means optionable instruments. A simple options selling strategy can crank returns from 2 to 10% per annum. But beware the tax Monster. You are creating taxable events.
With a bit of knowledge it is possible to do better... Possible does not mean necessarily probable.
That does take monitoring of the market which I'm happy to do until I'm not.
At that stage I'll be looking for a different approach
FWIW
My only advice is never give away anything that you live for.I am into cars and are going to have a go at giving that up , 3 have to go , bit torn on that but keeping my Mustang although the '76 SS torana is going . Also love making timber things and will have to give that up when i go to apartment lifestyle but i will put all my tools in storage for a while , just in case .
It is.Edit .. re the options , i amost think its a sin to have a buy and hold portfolio and not bump up passive income with covered calls at least on top20 stocks
Nice car, that and the Cobra XC were the 2 dream cars of my youth.although the '76 SS torana is going .
We're doing the apartment lifestyle for a few years, house was too big and needed too much care when we were away.Also love making timber things and will have to give that up when i go to apartment lifestyle but i will put all my tools in storage for a while , just in case .
Shed helps avoid this outcome too.probably prevents my wife shivving me in the liver.
30% in Venture capital in 2 businesses.
35% in Properties
25% in Cash (Interest bearing deposits).
15% Longterm ASX shares.
i was thinking leverage or franking credits ... LOLRough numbers on the fly.
nah , they do rough guessesI was thinking that you work at treasury
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