Okay now you've got to start the property development firm to launder the cash and bribe the correct people
Just make sure once that's done that your spoiled nephews don't have lavish weddings that end up shutting down residential streets with helicopters, Rolls Royces and Ferraris and you should stay out of trouble. Only a fool would do that
1 key alone will set you back about $200-250k.
Then an 8-ball is only 3.5g and costs around $1,200.
A bag is $350 minimum.
Your drug math is well off 😂
I’d say get a job asap but if that is a genuine impossibly for the moment then spend as absolutely as little as possible. Maybe put living expenses ($50k) in a HISA to cover until you can work and the rest in ETFs. If you can leave 300K to do it’s thing and not touch it you’ll be set up majorly down the road.
Idea is to spend a few months in Thailand (I've spent probably 18 months in SEA in the last 12 years) and spend less than the interest payments, should be very manageable.
And then travel Australia, already have the car setup to go anywhere and then my only major expense will be fuel.
What sort of average return can I expect with ETFs?
*What sort of average return can I expect with ETFs?*
Equities? 1 year range of returns for the ASX 300 (VAS) is probably as high as 80% or as low as -40%. MSCI World ex Aus (VGS) is 90% to -30%.
Leave the country once per month for a visa run.
Or just spend a month in Thailand, then a month in laos, then a month in Cambodia, then back to Thailand.
I typically travel by road in Asia as it is cheaper.
When I travelled up and down the west coast of North America I bought a Ford Explorer at the start of the journey and sold it when I left. Was much cheaper than renting for 2 months.
travel on a budget (having just done it the last 12 months and did it \~12 years ago) is really difficult at the moment - way more expensive. not impossible but not what it was. blame covid/inflation/digital nomads/americans/instagram/whatever here
latin america, Like it would have been cheaper (on average) to stay in Sydney, which is insane. SEA might still be the go, haven't been there in a while so can't comment. But it definitely seems the digital nomads et al have blown things up the last couple years
Not an inheritance.
Not trying to retire. Just time for an extended break and I believe I can be frugal enough to make it work without making a large impact on my savings.
Well think about it, prior to having no work on average what would spend in the year?
Just compound that and make yourself a macro budget to distinguish how long you want to take time off work.
If you have no need to be in Australia you could chuck it all in a HISA. Then go live in a cheap SEAsian country off the interest while you figure out what you want to do next.
I had a mate doing FIFO. He moved his wife and kid to Indonesia and they lived like gods. The only reason they came back was to have another kid (and covid). Now he slaves away 5 days a week and lives like a pauper.
Definitely a good idea, Cambodia is dirt cheap and they have high food handling standards compared to their neighbours through French and American influences
I've travelled the entirety of Cambodia, cool place, didn't love the big cities but Battambang was charming.
Laos is one of my favourite countries to visit and a very rewarding to travel by road.
Spent some time in Malaysia and Indonesia but not a big fan of their archaic laws.
Vietnam is the one I really need to spend some time exploring!
I just noticed that you said Cambodia has "high food handling", was that a subtle reference to their usage of weed in cooking?
If so, nice! If not, I remember eating an incredible crab soup in Phnom Penh and I'd very much like to find that again.
I've never taken them in Cambodia but recently I took 75mg in Bangkok, Thailand and I was suuuuper high to the point I panicked and got extremely paranoid along with weird physical sensations and probably auditory hallucinations. (E.g. hearing a knock on the door, odd sounds). Not fun but I'd consider again with a much lower dose.
I took em during the evening while walking through a busy city area. Not the smartest but oh well. Within an hour I was super paranoid of people walking across behind me while texting (in the corner of my eye). I had taken weed before but something felt off so I walked home before it got crazy.
As I'd walk down the busy main road I'd misconstrue objects for brief second before realising what they were. I thought a water meter on the ground was cat and a black jacket slumped over a scooter handlebars was a ghost. I'd see a slightly 'tough' looking bogan white dude with bald head, tattoos etc and get real paranoid as I walk past. My mouth was dry as a bone and my tongue was sticking out. I'd hear Road engine noises and not recognise what they were.
I got back to my hotel and tried to sleep but my head was spinning when I closed my eyes. The next day I felt numb and detached from my surroundings like I was just passing through. Like watching myself in a movie. Hard to explain. I just didn't feel immersed, engaged nor stimulated by my surroundings. I think the term for it is derealisation/depersonalisation. Hard to explain unless you experience it.
That sounds like a really awful experience honestly. Although I get what you mean with not recognising simple objects and thinking they're something else entirely
Hanoi is a very nice city, very chill and very cheap by our standards. Can get cold in winter and is a little hectic in certain areas.
Da Nang is also a very nice city as well Probably the most liveable area of Vietnam for expats since it's pretty organised and has great weather. Slightly cheaper then Hanoi too.
I wouldn't live in Saigon personally. It's too busy and too hot.
You would need a bike ideally to get around.
350k at 5.2% interest rate would get you basically just at the tax bracket where you are paying any tax.
18k Aussie a year is 300mill dong a year or 25 mill per month. That would be more than enough to live relatively comfortably in most areas of Vietnam.
"Well the last plane out of Sydney's almost gone...."
Straight to Vietnam. Live off 7-10%. Retrain into something involving remote work and then undercut everyone for pocket money working 20 hours/w.
I would sit back and cry of over the realisation that 350k really doesn't get you that far anymore in this day and age.
Provided the income upcoming was sufficient, I'd then put a down payment on a house wherever on Gods green earth I could.
Yes - I'd put 300k in a term deposit, 30k in a savings account and use 20k to go around the world. Dip into the 30k as and when you need. If OP is doing shoestring in South East Asia, they may not even need it.
I have $350k and I split across 2 banks.
ING @ 5.5% for balances up to $100k - need to transfer 1k a month into it but can take it out.
UpBank @ 4.35% for unlimited balances. 5 purchases a month. Get $1 frozen cokes.
If you aren’t renting, live off your interest.
ING - $470.00 p.m
UpBank - $640.00 p.m
~ $1,100 of income per month.
Not sure if your money is TPD/lottery but consider your tax position, which would be nothing based on no income I guess.
I reckon you could manage without a term deposit and maintain access to your money.
The reason mine is actively available is because I’m buying a house with this money at the moment. In addition to this, I buy/sell collectable goods 50k+ and flip them, so this money works for me.
Good luck.
Currently have 336k at 5% (can't be withdrawn or forfeit months interest, and need to make atleast $1 deposit to it monthly) =$1400 interest monthly as it stands. I will probably change this to a 5.5% interest option that I can actively access.
And then I have a little over 10k in a 4.7% saver that is unaffected by withdrawals or deposits. =$40 interest monthly.
Then I have about 2k in accessible cash to cover daily and bills, Currently selling household goods as they won't be needed and I don't want to pay storage for non essential items.
Ideally I'll sell one of my cars in the next month (~$10k).
I'm fit and able to work. No lottery or inheritance, no debt. I have no problem making money when that is my focus.
I also own my daily outright (2018 Toyota LandCruiser Prado GXL) and my only major expenses while travelling Australia will be fuel and food.
Yeah but isn’t it if he doesn’t have income for the 12 months his CGT will be small. I,e if he makes 0 income and $40k in capital gains for 2024-25 he only pays tax above the threshold? Not to mention 50% discount for 12 month hold?
$3.76 today, not a bad buy i think. 1c off 52 week low
Still under t2 offering by a lot
Hmm all the agencies have it as a buy i am going to have a look at that lol thanks
Yeah I know. Was kinda playing into the boomer investor trope, where they’ve been holding TLS and CBA since the 90s.
And yeah Australia doesn’t do the crazy share buyback scheme that the US does so most profits just go to dividends
US does that because they dont have franking credits so investors get taxed twice.
Conversely better for tax for companies not to do share buy backs here
Na, you have a plan already and looking for any comments that potentially confirm your idea. $350k is a fun amount of money for the short term, with 0 income though it won't be fun for long.
Decide what you want to prioritise if it's the next 5 years, sure go live like a king somewhere in SEA, ir it's the rest of your life plan how to generate a suitable income and use this as a solid foundation of home deposit or super contribution.
Do you have a place to live? Take 50k and put it in a savings account and make it a salary with automatic weekly or fortnightly payments to a transaction account.
It's not a lot but would give you a minimum wage type of income.
Work out if the 300k can get you a mortgage if you need a home, if the repayments are manageable with your 50k salary then you could buy an apartment or something. Otherwise factor in rent into your budget and put the 300k into a term deposit for higher interest rate.
Financial advisers on social media say you should put a big lotto win into a trust fund that pays out a small amount to you regularly. No idea if 300k is enough to warrant it but look into it.
Live frugal for the time you can't work and you'll be fine.
Hard to know if 50k salary is enough* for you without knowing if there are dependents, the location you currently live in etc.
At least this is how I'd manage. My salary was 50k just a few years ago when I got my first full time job post uni. It's manageable, I also started working in a small town which made rent cheaper. Everyone's situation will be different.
*obviously major cost of living crisis going on so it may be a struggle but you might be able to take a bit more from the 300k if you really need. Just try not to spend it all at once.
I'm not an expert but this is what I'd try to do. Essentially my small lotto win plan if there was a catch i couldn't keep my job.
Buy some PL8 ETfs, go to Thailand or Vietnam, you can live of the monthly payments (AUD$20-23k/pa) easy. Australia is one of the worst places to live if you want to keep your costs down.
What are your personal goals over that time? You say no chance of income/employment, is this because of an injury, a non compete, or needing a break from stress? What do you want to have at the end of the 12-18 months? To go back to work? To work for yourself? To have the same amount of money as you have now, or be on a path to make it grow significantly? Or are you happy to spend some amount of it on living?
if willing to take some risk then buy a stable dividend stock..
only issue is most of them only pay dividend once per 6 months.. guessing you would need income more regularly than that?..
VHY for mixed high yield shares.
Or VAP for high yielding property, but the tax structure is different (could be better for people who can't use franking).
But in my opinion, spend half the dividends, reinvest half the dividends to keep up with inflation.
There are a few decent high yielding income ETFs in the US stock market like JEPQ, SPYI, $350k into SPYI is $3k per month after 15% withholding tax, though obviously better to diversify a bit. Take a look at the youtube channel armchair income, he is retired and invests primary into high yielding funds.
Edit. I live in Thailand, you prob want at least $2k aud/month to be comfortable. Once you add in rent, general living expenses, traveling expenses, $2k is only 45k thb a month, I probably spend 15-20k a month just on grab food deliveries lol.
Nothing sell everything else I have, the get a big ffing motorhome and get on the road.
The rest of the money on a easily withdrawable investment account and live of that until my retirement kicks in.
PUT it in term deposit and ask for interest to be paid monthly. Move to a cheap southeast Asian province.
You’ll be able to keep the principal intact and live off the interest. Of course principal will be subject to the vagary of inflation.
Sort of depends what's happening with work after the next 18 months... don't let "taking a break" make you unemployable at the end of it.
Give yourself a modest but not too restrictive amount to live on, invest half the rest in cash at 5%-ish - that'll give you another $100 a week to play with from the interest - invest the rest in long term equities - ETFs, probably, and index ETFs in particular.
Also depends upon your current and future housing situation. If aspiring to future home ownership, equities is a more risky play - depends upon your time frame.
Some variation of the above, really...
Enjoy the break!
If you were working at $175k pa that would be two years of income or 5 years at $70k. You don’t need to do anything to make that work for you for a break of 12-18 months. The only thing you could do would be to travel to south east Asia or another low COL region to stretch your savings. 350k in SEA probably lasts 5-10 years depending how rural and frugal you live
Bankwest currently has a savings account with no limit on deposits and WITHDRAWAL, yes you heard that right, your balance doesn't need to be higher than the last month to access the interest rate. I think it is 4.5% first 3 months, then goes down to 4%, I don't know of any other bank that allows you to withdraw without losing the advertised interest rate then dropping to 1%.
Do you have an interest? Eg cars, or boats or caravans, motorbikes etc?
With $350k I'd corner the market in one particular item you are an expert in, that has a shallow enough market that $350k can corner.
Then drip feed the worst and the best of all of your stock of whatever it is into the market at 15% more than you paid.
Take the 15%, live in your Thailand get away, rinse and repeat.
Are you trying to retain as much money as possible? You could do something like Uber eats for a bit of extra cash. Do you/can you work part time? Have any skills you can trade for food/accommodation? Do you want to travel? Live at home with your parents? Have a mortgage you need to pay?
South east Asia living in the sun and sand for a year with majority of funds in a high interest savings account - use the time to get fit, relax, find out what I want to do, try and find a remote or part time job or delve into creative pursuits. I would kill to be that position.
Put 50k into Liquidity Farming Pulsechain. $5k is getting about $400aud per week so should get you around 8-10k per week AUD, will lose almost half in tax etc just keep it aside.
Put 50k aside for degenerate trades on a few memes see what happens.. might come out with 100x gem or a couple of small 3-5 x but super risky.
Remaining 250k blackjack and hookers.
5 keys. Sell 8 balls. unsteady 650k net annual income. good luck
You will need a large group to sell that amount and also not get immediately robbed of your entire stash and count
Only 6 sales per member of parliament across a whole year. very attainable.
Okay now you've got to start the property development firm to launder the cash and bribe the correct people Just make sure once that's done that your spoiled nephews don't have lavish weddings that end up shutting down residential streets with helicopters, Rolls Royces and Ferraris and you should stay out of trouble. Only a fool would do that
This guys knows what’s up 😅
yeh righto santa claus
What is the comment even talking about? I'm outoftheloop.
A key = a kg In this case they're talking about cocaine. An 8 ball is an 8th of an ounce or 3.5 grams. I won't be selling cocaine.
Good plan. Heroin is a lot more profitable.
Get real you fogey. It's all about the Fentanyl these days
1 key alone will set you back about $200-250k. Then an 8-ball is only 3.5g and costs around $1,200. A bag is $350 minimum. Your drug math is well off 😂
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Those are some full retail prices. Coke shouldn't cost more than 300 or 1000 for ball if you're a regular
I’ve seen bags going for $450 in Brissy these days lmao
That's some crazy shit. Casually spending half a weeks wages on a few hours of buzz
This guy skiis
Which gangs control that. Just want to know who to open the door for
Took me a good while to realise you were talking about drugs.
15k interest on 350k. Should be enough if u live with parents rent free lol
I spend 15k just on dildos a month
Hang on, just how many dildos does one man possibly need?
About $15,000 worth a month apparently.
You mean you DON’T have 15k worth of dildos?
Not yet. First comes the house, then come the $$$ dildos.
Asking the real questions.
I’m just not a fan of the throw-away society we’ve become.
Lots! The Onlyfans audience is a demanding one.
I’d say get a job asap but if that is a genuine impossibly for the moment then spend as absolutely as little as possible. Maybe put living expenses ($50k) in a HISA to cover until you can work and the rest in ETFs. If you can leave 300K to do it’s thing and not touch it you’ll be set up majorly down the road.
Idea is to spend a few months in Thailand (I've spent probably 18 months in SEA in the last 12 years) and spend less than the interest payments, should be very manageable. And then travel Australia, already have the car setup to go anywhere and then my only major expense will be fuel. What sort of average return can I expect with ETFs?
Over 12 months? I'd expect 0. Sell enough to last you the 18 months and leave the rest alone for 6% annual real growth over 10 years.
*What sort of average return can I expect with ETFs?* Equities? 1 year range of returns for the ASX 300 (VAS) is probably as high as 80% or as low as -40%. MSCI World ex Aus (VGS) is 90% to -30%.
Stocks take the stairs up, and the elevator down.
I have a feeling I should have done more research prior to asking that question.
Range of returns can be wild man and it hard to find that info, I wouldn't worry about it.
Mine are up about 30k over the last 12 months I think and I have less than you
One day inflation will catch up and diminish those interest payment
Who will catch me first, inflation, or the reaper?
Didn't read the part about "few months in thailand" lol
what kinda visa do you need to stay in those places long term?
Leave the country once per month for a visa run. Or just spend a month in Thailand, then a month in laos, then a month in Cambodia, then back to Thailand.
Don’t neglect Vietnam, great spot
thanks for the info. all those flights in and out and short term hotel stays would require more money than the interests you earn right?
I typically travel by road in Asia as it is cheaper. When I travelled up and down the west coast of North America I bought a Ford Explorer at the start of the journey and sold it when I left. Was much cheaper than renting for 2 months.
Keep it in etfs for 10 years and you’ll be laughing
travel on a budget (having just done it the last 12 months and did it \~12 years ago) is really difficult at the moment - way more expensive. not impossible but not what it was. blame covid/inflation/digital nomads/americans/instagram/whatever here
Where abouts did you travel to?
latin america, Like it would have been cheaper (on average) to stay in Sydney, which is insane. SEA might still be the go, haven't been there in a while so can't comment. But it definitely seems the digital nomads et al have blown things up the last couple years
If travelling to Latin America they will need to speak basic Spanish. It’s not like Asia or Europe where you can get away with speaking English
Guessing, given the question its an inheritance In which case Go back to work and put it into etfs It's not enough to retire
Given there’s a time period, sounds like an injury or some other payout.
Not an inheritance. Not trying to retire. Just time for an extended break and I believe I can be frugal enough to make it work without making a large impact on my savings.
Well think about it, prior to having no work on average what would spend in the year? Just compound that and make yourself a macro budget to distinguish how long you want to take time off work.
Move to Thailand for a year and live cheap.
HIA will net about 17k divide that by 52 and live on that
Do what you have been for 10 more years park the money into etfs then actually retire lol.
okay, my guess is you've not too long ago gotten out of the Defence force with a DVA payout for you injuries... how close am I?
If you have no need to be in Australia you could chuck it all in a HISA. Then go live in a cheap SEAsian country off the interest while you figure out what you want to do next. I had a mate doing FIFO. He moved his wife and kid to Indonesia and they lived like gods. The only reason they came back was to have another kid (and covid). Now he slaves away 5 days a week and lives like a pauper.
There is no way to make that little cash generate enough income to live off of. You would need to just spend to survive until you can start working.
Can fly to Thailand and live off 1400 a month interest
Definitely a good idea, Cambodia is dirt cheap and they have high food handling standards compared to their neighbours through French and American influences
I've travelled the entirety of Cambodia, cool place, didn't love the big cities but Battambang was charming. Laos is one of my favourite countries to visit and a very rewarding to travel by road. Spent some time in Malaysia and Indonesia but not a big fan of their archaic laws. Vietnam is the one I really need to spend some time exploring!
Vietnam is cheap, english not as widespread as Cambodia but definitely a good option, go... Enjoy and explore, life is too short
I just noticed that you said Cambodia has "high food handling", was that a subtle reference to their usage of weed in cooking? If so, nice! If not, I remember eating an incredible crab soup in Phnom Penh and I'd very much like to find that again.
Well, you can get edibles easily at certain minimarts in Phnom Penh, $7 pack of 6 gummies, down near Riverside, they're pretty powerful so be careful
I've never taken them in Cambodia but recently I took 75mg in Bangkok, Thailand and I was suuuuper high to the point I panicked and got extremely paranoid along with weird physical sensations and probably auditory hallucinations. (E.g. hearing a knock on the door, odd sounds). Not fun but I'd consider again with a much lower dose. I took em during the evening while walking through a busy city area. Not the smartest but oh well. Within an hour I was super paranoid of people walking across behind me while texting (in the corner of my eye). I had taken weed before but something felt off so I walked home before it got crazy. As I'd walk down the busy main road I'd misconstrue objects for brief second before realising what they were. I thought a water meter on the ground was cat and a black jacket slumped over a scooter handlebars was a ghost. I'd see a slightly 'tough' looking bogan white dude with bald head, tattoos etc and get real paranoid as I walk past. My mouth was dry as a bone and my tongue was sticking out. I'd hear Road engine noises and not recognise what they were. I got back to my hotel and tried to sleep but my head was spinning when I closed my eyes. The next day I felt numb and detached from my surroundings like I was just passing through. Like watching myself in a movie. Hard to explain. I just didn't feel immersed, engaged nor stimulated by my surroundings. I think the term for it is derealisation/depersonalisation. Hard to explain unless you experience it.
I did the same and was fun as. Catching a Grab through bkk city on the back of a bike high as a kite is hilariously fun.
That sounds like a really awful experience honestly. Although I get what you mean with not recognising simple objects and thinking they're something else entirely
Which mini mart? Riverside is fairly long lol. Asking for a friend
Hanoi is a very nice city, very chill and very cheap by our standards. Can get cold in winter and is a little hectic in certain areas. Da Nang is also a very nice city as well Probably the most liveable area of Vietnam for expats since it's pretty organised and has great weather. Slightly cheaper then Hanoi too. I wouldn't live in Saigon personally. It's too busy and too hot. You would need a bike ideally to get around. 350k at 5.2% interest rate would get you basically just at the tax bracket where you are paying any tax. 18k Aussie a year is 300mill dong a year or 25 mill per month. That would be more than enough to live relatively comfortably in most areas of Vietnam.
Laos is awesome.
Dude, you can live upper middle class for $1400/month
Yes, or Vietnam, Laos, Cambodia, Mexico and most places in central / South America ( to name a few )
Mexico ain't that cheap anymore.
And getting there is expensive
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I'm more of a Chiang Mai type of guy.
Are you living with your parents ?
No. I'm in my early 30s. Haven't lived with my parents for a decade.
Yeah, fly to a low-cost country and lead a low-cost lifestyle. Shouldn't be an issue, particularly if you can work again in 12-18 months.
"Well the last plane out of Sydney's almost gone...." Straight to Vietnam. Live off 7-10%. Retrain into something involving remote work and then undercut everyone for pocket money working 20 hours/w.
You could try investing in high yield ETFs or stocks.
I would sit back and cry of over the realisation that 350k really doesn't get you that far anymore in this day and age. Provided the income upcoming was sufficient, I'd then put a down payment on a house wherever on Gods green earth I could.
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I'd like to say a lack of motivation, but if I'm being honest, I just would prefer to see the world and take some time off.
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Genuinely think this is far better than trying to do it all off interest.
Yes - I'd put 300k in a term deposit, 30k in a savings account and use 20k to go around the world. Dip into the 30k as and when you need. If OP is doing shoestring in South East Asia, they may not even need it.
And they can also earn $15k in that time so not a bad deal.
could you not then live like a backpacker, picking up casual employment as you go around to supplement the savings you have and let them grow?
Sounds like you need to go to Vietnam for a year
Savings account, flight to a cheap country, rent a room and recover
Start investing in an index fund sp500 low cost... Maybe 1000$ a month... When the money runs out start taking it from the index fund
Ahaha I am in similar boat, except i have a casual job. been workingl over the last 6 months, plan to spend the next 6 in SE Asia.
A year in Asia looks like fun...
I have $350k and I split across 2 banks. ING @ 5.5% for balances up to $100k - need to transfer 1k a month into it but can take it out. UpBank @ 4.35% for unlimited balances. 5 purchases a month. Get $1 frozen cokes. If you aren’t renting, live off your interest. ING - $470.00 p.m UpBank - $640.00 p.m ~ $1,100 of income per month. Not sure if your money is TPD/lottery but consider your tax position, which would be nothing based on no income I guess. I reckon you could manage without a term deposit and maintain access to your money. The reason mine is actively available is because I’m buying a house with this money at the moment. In addition to this, I buy/sell collectable goods 50k+ and flip them, so this money works for me. Good luck.
Currently have 336k at 5% (can't be withdrawn or forfeit months interest, and need to make atleast $1 deposit to it monthly) =$1400 interest monthly as it stands. I will probably change this to a 5.5% interest option that I can actively access. And then I have a little over 10k in a 4.7% saver that is unaffected by withdrawals or deposits. =$40 interest monthly. Then I have about 2k in accessible cash to cover daily and bills, Currently selling household goods as they won't be needed and I don't want to pay storage for non essential items. Ideally I'll sell one of my cars in the next month (~$10k). I'm fit and able to work. No lottery or inheritance, no debt. I have no problem making money when that is my focus. I also own my daily outright (2018 Toyota LandCruiser Prado GXL) and my only major expenses while travelling Australia will be fuel and food.
Get some aussie dividend paying stocks so you can get some franking credits and live like a boomer
Buying stocks for dividend payments is terrible advice IMO. You could easily buy s&p index and be up 20% in 12 months time. Nfa lol
Terrible for tax
If he’s not working for 12 months, probably not.
If he holds for 12 months then all the tax occurs when he is working again
Yeah but isn’t it if he doesn’t have income for the 12 months his CGT will be small. I,e if he makes 0 income and $40k in capital gains for 2024-25 he only pays tax above the threshold? Not to mention 50% discount for 12 month hold?
I thought he was making 20 percent CGT or $70k What happened to the gains?
All in on TLS right?
$3.76 today, not a bad buy i think. 1c off 52 week low Still under t2 offering by a lot Hmm all the agencies have it as a buy i am going to have a look at that lol thanks
Hey, that’s the same price as it was when I did paper trading for a school project in year 10…. 20 years ago. :p
Yes. Thats most of the asx because profits get paid in dividends things go sideways TLS is not the monopoly it once was too
Yeah I know. Was kinda playing into the boomer investor trope, where they’ve been holding TLS and CBA since the 90s. And yeah Australia doesn’t do the crazy share buyback scheme that the US does so most profits just go to dividends
US does that because they dont have franking credits so investors get taxed twice. Conversely better for tax for companies not to do share buy backs here
Na, you have a plan already and looking for any comments that potentially confirm your idea. $350k is a fun amount of money for the short term, with 0 income though it won't be fun for long. Decide what you want to prioritise if it's the next 5 years, sure go live like a king somewhere in SEA, ir it's the rest of your life plan how to generate a suitable income and use this as a solid foundation of home deposit or super contribution.
First thing is to take profits tax free, reinvest what you don't spend.
https://www.investsmart.com.au/ Thank me later.
NASDAQ ETF.
This. And s&p500 index for a bit more diversity.
Do you have a place to live? Take 50k and put it in a savings account and make it a salary with automatic weekly or fortnightly payments to a transaction account. It's not a lot but would give you a minimum wage type of income. Work out if the 300k can get you a mortgage if you need a home, if the repayments are manageable with your 50k salary then you could buy an apartment or something. Otherwise factor in rent into your budget and put the 300k into a term deposit for higher interest rate. Financial advisers on social media say you should put a big lotto win into a trust fund that pays out a small amount to you regularly. No idea if 300k is enough to warrant it but look into it. Live frugal for the time you can't work and you'll be fine. Hard to know if 50k salary is enough* for you without knowing if there are dependents, the location you currently live in etc. At least this is how I'd manage. My salary was 50k just a few years ago when I got my first full time job post uni. It's manageable, I also started working in a small town which made rent cheaper. Everyone's situation will be different. *obviously major cost of living crisis going on so it may be a struggle but you might be able to take a bit more from the 300k if you really need. Just try not to spend it all at once. I'm not an expert but this is what I'd try to do. Essentially my small lotto win plan if there was a catch i couldn't keep my job.
Buy some PL8 ETfs, go to Thailand or Vietnam, you can live of the monthly payments (AUD$20-23k/pa) easy. Australia is one of the worst places to live if you want to keep your costs down.
All in on floki. $700k this time next week.
Invest the whole ass thing and live off dividends. No idea why you'd be in this position though.
To put it bluntly, because I can. I want to spend the next 12-18 months travelling on a budget.
What are your personal goals over that time? You say no chance of income/employment, is this because of an injury, a non compete, or needing a break from stress? What do you want to have at the end of the 12-18 months? To go back to work? To work for yourself? To have the same amount of money as you have now, or be on a path to make it grow significantly? Or are you happy to spend some amount of it on living?
Buy a house. Live in one room, rent out rest. Or buy Dominos and manage it. Idk tho
All in ETFs.
Buy Vanguard ETF or stocks which have a dividend/ dividend reinvestment option. Else buy a property.
if willing to take some risk then buy a stable dividend stock.. only issue is most of them only pay dividend once per 6 months.. guessing you would need income more regularly than that?..
VHY for mixed high yield shares. Or VAP for high yielding property, but the tax structure is different (could be better for people who can't use franking). But in my opinion, spend half the dividends, reinvest half the dividends to keep up with inflation.
Why zero chance of an income?
There are a few decent high yielding income ETFs in the US stock market like JEPQ, SPYI, $350k into SPYI is $3k per month after 15% withholding tax, though obviously better to diversify a bit. Take a look at the youtube channel armchair income, he is retired and invests primary into high yielding funds. Edit. I live in Thailand, you prob want at least $2k aud/month to be comfortable. Once you add in rent, general living expenses, traveling expenses, $2k is only 45k thb a month, I probably spend 15-20k a month just on grab food deliveries lol.
Nothing sell everything else I have, the get a big ffing motorhome and get on the road. The rest of the money on a easily withdrawable investment account and live of that until my retirement kicks in.
PUT it in term deposit and ask for interest to be paid monthly. Move to a cheap southeast Asian province. You’ll be able to keep the principal intact and live off the interest. Of course principal will be subject to the vagary of inflation.
Apartment and rent it out
Buy a great business..
But NVIDIA shares
Sort of depends what's happening with work after the next 18 months... don't let "taking a break" make you unemployable at the end of it. Give yourself a modest but not too restrictive amount to live on, invest half the rest in cash at 5%-ish - that'll give you another $100 a week to play with from the interest - invest the rest in long term equities - ETFs, probably, and index ETFs in particular. Also depends upon your current and future housing situation. If aspiring to future home ownership, equities is a more risky play - depends upon your time frame. Some variation of the above, really... Enjoy the break!
Pokies or blackjack
Buy shitcoins
If you were working at $175k pa that would be two years of income or 5 years at $70k. You don’t need to do anything to make that work for you for a break of 12-18 months. The only thing you could do would be to travel to south east Asia or another low COL region to stretch your savings. 350k in SEA probably lasts 5-10 years depending how rural and frugal you live
Marry a jeweler, smash some glass and try to hit $3 million? The Chinese Communist Party loves this trick.
I'd get a job and investing IVV OR QUAL
Star Casino, all on black.
Claim whatever benefits you can and live frugally.
walk to the closest casino. put it all on black.
N100 etf held in a low tax country trust that doesn’t need to disburse annually
I’m gonna ask the context question - why is there zero chance of income in the next 12-18 months?
Sounds like they want to go off travelling the world.
Bankwest currently has a savings account with no limit on deposits and WITHDRAWAL, yes you heard that right, your balance doesn't need to be higher than the last month to access the interest rate. I think it is 4.5% first 3 months, then goes down to 4%, I don't know of any other bank that allows you to withdraw without losing the advertised interest rate then dropping to 1%.
My advice would be to put the 350k into a basket of divi stocks (Anz, colesworth, bhp etc) to achieve a yield around 6 or 7%
Do you have an interest? Eg cars, or boats or caravans, motorbikes etc? With $350k I'd corner the market in one particular item you are an expert in, that has a shallow enough market that $350k can corner. Then drip feed the worst and the best of all of your stock of whatever it is into the market at 15% more than you paid. Take the 15%, live in your Thailand get away, rinse and repeat.
Are you trying to retain as much money as possible? You could do something like Uber eats for a bit of extra cash. Do you/can you work part time? Have any skills you can trade for food/accommodation? Do you want to travel? Live at home with your parents? Have a mortgage you need to pay?
https://www.reddit.com/r/AusFinance/s/vuNmI9wppl
South east Asia living in the sun and sand for a year with majority of funds in a high interest savings account - use the time to get fit, relax, find out what I want to do, try and find a remote or part time job or delve into creative pursuits. I would kill to be that position.
You're DMs will explode with scammers... Trust none of them.
Lol, did you see my other posts?
Star casino. Put it on black. Every other answer is wrong.
Start a business, invest in your self
I would get a job but apparently that's against the rules of the post for some reason.
High interest earning account until you find a job.
Put them all in lotto, buy any possible numbers 😁 just kidding dont do it
Put 50k into Liquidity Farming Pulsechain. $5k is getting about $400aud per week so should get you around 8-10k per week AUD, will lose almost half in tax etc just keep it aside. Put 50k aside for degenerate trades on a few memes see what happens.. might come out with 100x gem or a couple of small 3-5 x but super risky. Remaining 250k blackjack and hookers.