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location Sydney, Australia
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visits member for 2 years, 3 months
seen 8 hours ago

8h
reviewed No Action Needed How to transfer money to an account on Cyprus as quick as possible
8h
reviewed Close How much income tax will I pay if I leave Sweden for nine months?
2d
comment Can I withdraw cash from selling investments before the settlement date?
Withdrawing margin is different from withdrawing an unsettled amount. If the trade hasn't settled you cannot withdraw any unsettled amount. That would be like selling a house and asking for the money before settlement day.
Apr
21
awarded  Fanatic
Apr
20
comment Why do people buy stocks that pay no dividend?
@swineone - in fact I would rather invest in a company that does not pay dividends but is increasing profits and growing year after year than a company that pays dividends but its profits are decreasing year after year. How long will the company continue to pay dividends for if it starts making less and less profits to pay them with? You should never invest in a company solely because they pay dividends, if you do you will end up losing money. It is no use making $1 in dividends if you lose $2+ because the share price drops.
Apr
20
comment Why do people buy stocks that pay no dividend?
@swineone - if a company is making increasing profits year after year and using those profits to grow and expand to make even higher profits, then I want to invest in that company because over time its intrinsic value is rising so its share price will also rise, so would I have the potential to make capital gains (even if they don't pay dividends). This is not a bubble situation, because the share price is increasing due to the value of the company increasing. If the share price increased due to hype rather than the increasing value of the company, then this could be a bubble situation.
Apr
20
reviewed Reviewed Can I claim the foreign earned income exclusion for remote work?
Apr
20
answered Can I withdraw cash from selling investments before the settlement date?
Apr
19
reviewed Close What is the discount rate of a bond by default?
Apr
19
reviewed Approve suggested edit on What to ask for on a business partnership?
Apr
18
reviewed Approve suggested edit on Should I convert all my money to local currency when I study abroad?
Apr
18
answered Should I convert all my money to local currency when I study abroad?
Apr
18
reviewed Reviewed I specified the wrong IBAN number when transferring money to a UK bank. How can I correct this?
Apr
17
reviewed Close How can I avoid being fined or penalized because my accountant might have failed to file my taxes on time?
Apr
15
reviewed Reviewed Tax implications of selling part of land associated with main home
Apr
15
comment What is the term for a shared budget?
+1 - for the pay yourself first concept - great advice for someone just starting their adult lives as well as those finding it hard to make ends meet. It just takes a bit of a mind shift and some discipline to make it work.
Apr
15
comment What is the term for a shared budget?
@user2738698 - what MrChrister means is say you earn $100 per period, you would pay yourself first (your savings) 10% or $10, then pay all your expenses (rent, food, phone, etc.), say $50. The remaining $40 you have free to spend and enjoy on yourselves. If you want to save more you can increase the pay yourself first, but try to at least start with 10%. Once you have built up some savings as a buffer for a rainy day you may even start thinking about investing your future savings for better long term returns. A budget is a work-in-progress and it should change with your changing requirements.
Apr
15
awarded  Custodian
Apr
15
reviewed Satisfactory Which mutual funds is Dave Ramsey talking about in The Total Money Makeover?
Apr
15
reviewed No Action Needed What is the term for a shared budget?