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16-04-2019, 02:43 PM
#4261
Member
Originally Posted by myles
I hope it was a good loan I did a similar thing early last year, I punched in 50 (for $50) and ended up with $1,250 - that loan is still going strong and earning 20.49% (Interest + principal has paid back half of it since January last year!)
Fingers crossed for us both! Mine was an A3. I don't normally buy them but with so much cash sitting idle....
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23-04-2019, 01:18 PM
#4262
yeah, nah
It's been a long time...
Finally managed to drain funds available, it's been a very long time and I have withdrawn $10,000 from my initial $100,000 investment.
position.png
This position represents close to 2 full years of $100,000 invested. With a $10,000 withdrawal, the total 'current' value is a touch over $130,000, so a gain of $15,000 (15%) per year. (Note: this is at 10.5% tax rate).
Very happy with that investment return, not so happy with recent loan availability, but perhaps that is improving?
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23-04-2019, 03:59 PM
#4263
Member
Originally Posted by myles
Finally managed to drain funds available, it's been a very long time and I have withdrawn $10,000 from my initial $100,000 investment.
position.png
This position represents close to 2 full years of $100,000 invested. With a $10,000 withdrawal, the total 'current' value is a touch over $130,000, so a gain of $15,000 (15%) per year. (Note: this is at 10.5% tax rate).
Very happy with that investment return, not so happy with recent loan availability, but perhaps that is improving?
If you don't mind me asking how do you get the 10.5% tax rate? - is there something I'm missing?
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23-04-2019, 04:15 PM
#4264
Originally Posted by alistar_mid
If you don't mind me asking how do you get the 10.5% tax rate? - is there something I'm missing?
Yes I wondered that as well.
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23-04-2019, 04:40 PM
#4265
yeah, nah
In this case, keeping it very simple - no other income = minimal tax rate.
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24-04-2019, 08:52 AM
#4266
Member
Originally Posted by myles
In this case, keeping it very simple - no other income = minimal tax rate.
Oh right. Congrats? - you've escaped the 9-5?
Also so thats factored into your rar? I remember from this thread we had pretty similar portfolios when we started, but your rar is about 3% better than mine at 15%
Is the tax rate the difference?
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24-04-2019, 10:56 AM
#4267
yeah, nah
Originally Posted by alistar_mid
Also so thats factored into your rar? I remember from this thread we had pretty similar portfolios when we started, but your rar is about 3% better than mine at 15%
Is the tax rate the difference?
No, RAR is exclusive of tax.
RAR is comparable between portfolios, so any difference is 'real' within the marketplace.
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24-04-2019, 02:46 PM
#4268
Member
How does this work? Loan is funded to 116% - presumably overloaded by the institutions. Somebody is going to miss out - hopefully not me.
ScreenHunt.jpg
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24-04-2019, 05:03 PM
#4269
Originally Posted by joker
How does this work? Loan is funded to 116% - presumably overloaded by the institutions. Somebody is going to miss out - hopefully not me.
ScreenHunt.jpg
Yes... I have hit that a few times recently.
Thinking it must be a major player comes in with a big order as the system processes lined up orders sequentially.
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24-04-2019, 09:18 PM
#4270
Member
Originally Posted by joker
How does this work? Loan is funded to 116% - presumably overloaded by the institutions. Somebody is going to miss out - hopefully not me.
ScreenHunt.jpg
Scary, surely that should not be possible!
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