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Tag: redraw facilities

July 5, 2021Daniel Moradian

Home loan products: Redraw facilities and offset accounts

For each day that you owe money to the bank on a home loan, interest accrues on that loan. You make periodic home loan repayments and if your home loan is a P&I loan (see Home loan products: P&I vs IO loans), the value of your loan, the principal, will slowly trickle downwards. What if […]

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January 11, 2021January 26, 2021Daniel Moradian

What to do with $10k right now

Here we take a look at what an average person with an average risk profile should do if they had managed to save $10k and didn’t know how to best make use of it. Please understand this is not financial advice, it does not take into account your personal circumstances and it’s only here to […]

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Died and came back to life sorry xx
There's another, *super dry* reason it's unwise to assume 4% as anything other than a rule-of-thumb. Sequence risk is the risk that a really unluckily-timed withdrawal damages your portfolio in the long run. For example if the market tanks 50% in one year because of idk ww3 or something, withdrawing 4% will take a bigger chunk out of your portfolio than usual and so in that case you wouldn't be sustainably taking money out of your portfolio
FIRE deserves all caps 🔥
If you had to read just one book, I'd highly recommend "The Little Book of Common Sense Investing" by John Bogle
You mustn't use it to buy GoPros and smartwatches, or whatever it is the cool kids are buying these days
We're an informed and financially savvy generation. We should be the first group of people to "un-normalise" bad debts
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