S
SpagMonster
Guest
Age: 41
Spouse’s/Partner's age: 39
Annual gross income from employment or profession: 80,000
Annual gross income of spouse: 2,400 (my wife intends to return to teaching once the kids are a little older)
Type of employment: e.g. Civil Servant, self-employed (third level lecturer)
In general are you spending more than you earn or are you saving? no
Rough estimate of value of home 500
Amount outstanding on your mortgage: 162,000
What interest rate are you paying? See below (NIB LTV tracker)
not sure of the difference between the web quoted %
Interest on debit balance: 4.500 %
Nominal annual rate of debit interest: 4.577 %
Other borrowings – car loans/personal loans etc
no
Do you pay off your full credit card balance each month? yes
If not, what is the balance on your credit card?
Savings and investments: 300,00 (anglo 7%) reg saver , matures oct
i deposit about 1,500 a month (its joint with my spouse)
Do you have a pension scheme? Standard gov 6% through work
Do you own any investment or other property? no
Ages of children: 3,6,8
Life insurance: only for mortgage amouny
What specific question do you have or what issues are of concern to you?
Property or funds or mortgage
Funds (option 1)
I was thinking of using my 30,000 or so on a labroker execution only approach, although i am no expert i learn fast.
I would cover a few funds including the Fidelity India Fund , maybe 6 in total but I want to avoid china.
I have got concerns about future a major upset, although india is less impressive option I feel it is more steady in my view (I travel to both on a regular basis)
As far as i know rabo has more expensive ongoing/exit/entry fees am i correct?
Property (option 2)
buy a property near work, I have one advantage, as I deal with postgrads and could possible avoid the first years etc bye getting more mature students. Is there section 32 type option I should consider, and interest only loan would be the best I suppose but that still leaves me with money to invet.
Mortgage (option 3)
pay may savings into my mortgage (I think the least best as I have a relly good rate)
Spouse’s/Partner's age: 39
Annual gross income from employment or profession: 80,000
Annual gross income of spouse: 2,400 (my wife intends to return to teaching once the kids are a little older)
Type of employment: e.g. Civil Servant, self-employed (third level lecturer)
In general are you spending more than you earn or are you saving? no
Rough estimate of value of home 500
Amount outstanding on your mortgage: 162,000
What interest rate are you paying? See below (NIB LTV tracker)
not sure of the difference between the web quoted %
Interest on debit balance: 4.500 %
Nominal annual rate of debit interest: 4.577 %
Other borrowings – car loans/personal loans etc
no
Do you pay off your full credit card balance each month? yes
If not, what is the balance on your credit card?
Savings and investments: 300,00 (anglo 7%) reg saver , matures oct
i deposit about 1,500 a month (its joint with my spouse)
Do you have a pension scheme? Standard gov 6% through work
Do you own any investment or other property? no
Ages of children: 3,6,8
Life insurance: only for mortgage amouny
What specific question do you have or what issues are of concern to you?
Property or funds or mortgage
Funds (option 1)
I was thinking of using my 30,000 or so on a labroker execution only approach, although i am no expert i learn fast.
I would cover a few funds including the Fidelity India Fund , maybe 6 in total but I want to avoid china.
I have got concerns about future a major upset, although india is less impressive option I feel it is more steady in my view (I travel to both on a regular basis)
As far as i know rabo has more expensive ongoing/exit/entry fees am i correct?
Property (option 2)
buy a property near work, I have one advantage, as I deal with postgrads and could possible avoid the first years etc bye getting more mature students. Is there section 32 type option I should consider, and interest only loan would be the best I suppose but that still leaves me with money to invet.
Mortgage (option 3)
pay may savings into my mortgage (I think the least best as I have a relly good rate)