Vic Wasteland Thread - 15.0

[emts]

Engagement party was the easiest thing.

parents back yard, grabbed some booze and we catered ourselves,

we hit up one of the wineries a couple months b4 for end of bin specials, raided my duty free booze and a few slabs of beers sorted

 

[Count Grantleyish]

7 hours ago, emts said:

a custom designed titanium with a gold inlay....

and to be married in a church you need to do a pre-wedding course, which I thought was a load of bollocks till I did it and had some good stuff. 

Oh and lots of religious stuff.

Fancy ring, fair enough.

Who teaches pre-wedding course? And do they hold TAE40116 Training and Assessment qualification?

Good stuff like saying "try not to get divorced"? 

[emts]

It was part of ACU (Australian Catholic university) if I remember so yes they were qualified.

[Count Grantleyish]

1 hour ago, emts said:

It was part of ACU (Australian Catholic university) if I remember so yes they were qualified.

Fascinating. 

[Leroy Peterson]

TLX going parabolic. Thanks for the tip Leigh.

Hard to know where this share is going... Big price swings on little volume is a red flag, but it's only year 1. I'm 50% hold, 50% cash out....

[UNR33L]

On 6/21/2019 at 10:27 AM, Leroy Peterson said:

TLX going parabolic. Thanks for the tip Leigh.

Hard to know where this share is going... Big price swings on little volume is a red flag, but it's only year 1. I'm 50% hold, 50% cash out....

Was wondering if you still had them

Yeah they're going pretty good, who knows what the future holds. 

[Leroy Peterson]

How much should someone trust your banks online mortgage calculator?

I was f**king around with commbank's one and it says they'll only give me slightly more than my total assets worth (savings, shares, cash, cars) even though my expenses are only 65% of my base pay (after tax).
I know they can't use irregular overtime and irregular non-taxable income to work out loans, but when it makes up an average of 30% of someones income over a few years, they can't just ignore it?

I'm not looking for a mortgage, or even sure if I want one, but just curious.

[emts]

when I first talked to the bank they offered way more than the calculator after getting details.
(we actually wanted less than the calculator offered anyhow)
when we eventually went through a mortgage broker they offered even more.

 

Can def see how people get into trouble with how much they offer.

Where as I worked out what repayments I was comfortable with and worked back from that.

 

so my theory is banks will give you just about anything so long as the property is worth 20% more than the loan, as worst case is they will foreclose and get their profit anyhow. best case is more profit as you borrowed too much and are living off black and gold tuna.

 

#inb4hatishtellsthetruth

[blah_blah]

10 minutes ago, Leroy Peterson said:

irregular non-taxable income

What is this?

[Leroy Peterson]

What is this?

Living away from home allowance

[blah_blah]

4 minutes ago, Leroy Peterson said:

26 minutes ago, blah_blah said:

What is this?

Living away from home allowance

Damn FIFO life

[Leroy Peterson]

Damn FIFO life

*DIDO 80% of the time

On my way to +45,000kms driven this year

 

 

[Odium]

15 minutes ago, Leroy Peterson said:

37 minutes ago, blah_blah said:

What is this?

Living away from home allowance

And here I was thinking it was 88e profits.... oh wait

[Leroy Peterson]

Mortgages ain't what they used to be though... Lots of people I know on split mortgages with offsets and shit... Can't expect an online calculator to offer those sorts of things.

[blah_blah]

Just go variable, borrow the max you can, leave excess sitting there if needed.

Interest rate around 3.6% from the big 4 is aight

YOLO

[UNR33L]

solid advice 

[dezz]

Banks aren't giving out money like they used to.

Pretty sure they won't factor in shares unless you sell either as they're potentially worth $0 the next day, or in the case of 88e, definitely.

[emts]

16 hours ago, dezz said:

Banks aren't giving out money like they used to.

Pretty sure they won't factor in shares unless you sell either as they're potentially worth $0 the next day, or in the case of 88e, definitely.

is this due to you buying more 88e?

[Birds]

Leroy do you still own any 88E?

[Leroy Peterson]

Leroy do you still own any 88E?

Yeah it's like 30% of my portfolio.
Will sell most when I hit green. Will keep some because hodl

Speaking of hodl and parabolic, Ive been back in the green on Bitcoin the last few days. Obviously everything else except Litecoin has tanked.
Now not really sure what to do... First big whale sell off hit this morning. But it gains momentum just so quickly