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So what's your predictions on the next RBA interest rate move/s dudes?; Mine is down - which puts me at odds with 80% of economists surveyed I read recently
Topic Started: 13 Jun 2017, 07:45 PM (3,646 Views)
Simon_S
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herbie
18 Jun 2017, 10:33 AM
Why tha f*** would I as a debt free saver
Sure you are.......

Why does it bother you so much then Dumb Ass.....

There's another Rate Rise in December too.

AHH...Good Times.....In Debt Land.

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herbie
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Simon_S
18 Jun 2017, 10:36 AM
Sure you are.......

Why does it bother you so much then Dumb Ass.....
Coz as a debt free saver, wot tha RBA does wif its rate seems ta have some sort of impact on tha return I gets on all me lovely cash in tha banks Simons.

'Tho if you ain't got no cash in no banks, I 'spose it's understandable that ya don't understands that ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Trollie
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Simon_S
17 Jun 2017, 10:12 PM
Rates are Rising in the US..........and here.....

Your welcome...
So you're saying rates can only rise?
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Simon_S
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Trollie
18 Jun 2017, 11:36 AM
So you're saying Rates are Rising?
Yes......

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Trollie
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Simon_S
18 Jun 2017, 10:36 AM
Sure you are.......

Why does it bother you so much then Dumb Ass.....

There's another Rate Rise in December too.

AHH...Good Times.....In Debt Land.
So you're saying rates can only rise?
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herbie
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Simon_S
18 Jun 2017, 10:36 AM
Sure you are.......

Why does it bother you so much then Dumb Ass.....

There's another Rate Rise in December too.

AHH...Good Times.....In Debt Land.
I'd of not thought it's at ALL guaranteed tha RBA's gunna put their rate up in December (well not of THIS yr anyways) Simons ... :)
Edited by herbie, 18 Jun 2017, 03:19 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Chris
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herbie
18 Jun 2017, 10:57 AM
Coz as a debt free saver, wot tha RBA does wif its rate seems ta have some sort of impact on tha return I gets on all me lovely cash in tha banks Simons.

'Tho if you ain't got no cash in no banks, I 'spose it's understandable that ya don't understands that ... :)
I think everyone is at a loss to understand why someone with $850k cash would store that in a bank savings deposit getting (maybe) 1.75%pa return when houses are returning yoy 12-20%+.

It seems ridiculous that someone so astute and savvy (as you say you are) would allow your cash to collect under 6% in the last 3yrs when it could have accumulated up to 60% in that time.

The basic maths in that is you've pissed away $450k by keeping cash and not property, and you're on a property forum calling me stupid?'
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herbie
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Chris
18 Jun 2017, 04:09 PM
I think everyone is at a loss to understand why someone with $850k cash would store that in a bank savings deposit getting (maybe) 1.75%pa return when houses are returning yoy 12-20%+.

It seems ridiculous that someone so astute and savvy (as you say you are) would allow your cash to collect under 6% in the last 3yrs when it could have accumulated up to 60% in that time.

The basic maths in that is you've pissed away $450k by keeping cash and not property, and you're on a property forum calling me stupid?'
I's got renos 'n development ta do on me four debt free houses Chris - Wot'll take some cash.

'N I's happy ta fund tha youngs in me family at maybe 2.75% pa return ta me from them by whackin' money inta their offset accounts on their property purchases.

Plus I just might wanna buy another one debt free meself one day - If I comes across somethin' I wants/likes/sees a bit a genuine value in.

Oh 'n I's not at all averse ta havin' 'thrupence' stashed away for 'a rainy day just in case' (as they says) - For me 'n/or for tha youngs 'n/or for tha olds.

Hmmm - 'N it's even just possible I might decide ta upgrade tha shitbox I lives in ta somethin' a bit more 'salubrious' some day - Ta just maybes have any required sale of it cover tha costs of me nursing care in me dotage - Which would require a bit more cash agin.

So does ya savvies now? ... Or is ya still all confused?

'N PS: I's bought 'n youse not ... 'N I's pokin' along happily enough Ta - While youse busy bitchin' 'n moanin' 'n whingin' 'n whinin' from wot I can sees? ... :)
Edited by herbie, 18 Jun 2017, 05:16 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Trollie
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Chris
18 Jun 2017, 04:09 PM
I think everyone is at a loss to understand why someone with $850k cash would store that in a bank savings deposit getting (maybe) 1.75%pa return when houses are returning yoy 12-20%+.

It seems ridiculous that someone so astute and savvy (as you say you are) would allow your cash to collect under 6% in the last 3yrs when it could have accumulated up to 60% in that time.

The basic maths in that is you've pissed away $450k by keeping cash and not property, and you're on a property forum calling me stupid?'
I'm calling dunning-kruger on your comment.
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Simon_S
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herbie
18 Jun 2017, 03:19 PM
I'd of not thought it's at ALL guaranteed tha RBA's gunna put their rate up in December (well not of THIS yr anyways) Simons ... :)
US FED Dumb Ass......

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