(#reqcmca) @bender That's precisely what I'm talking about. Investing in good businesses that are well established. If they also produce an income in the form of a distribution or dividend, that that's even better. YOu can have some tax benefits too if you do it right. But the trap? (I think) is falling into this false sense of security of thinking you can leverage up to the bank's LVR (Loan to Value Ratio) only to get caught up. Best to be conservative so you can take the wild swings and obviously diversity.
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(#d6xxntq) @bender No I meant like a "savings account" 🤣 You guys (us) are lucky I guess? A savings account here in Oz barely gets you 0.35%pa to 1.5%pa depending on how much money you have in it (0-$10k, $10-20k, $20-$30k, up to $50k)
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