Thanks Mark and Effie. Love the comment about the parents and kids, when she says "Look at what you are doing, cause the kids are watching". People are quick to blame the schools, however the biggest people of influence in a kids life it Mum and Dad.
We need to remember the RBA is following the current global trend, If we look at say the UK or US the RBA is mirroring the offshore trend. Thanks for the chat Mark & Effie, excellent information.
Incorrect!!! The RBA is being dictated to. The AUD is pegged to the USD and our government is also a servant of the IMF and corporations. These shows bring nothing of real value to anyone’s life if they are trying to reach financial freedom. Wake up!!!!!
The bank should only be used for one purpose and that is to make your wealth far greater than inflation and NOT to be used to save your hard earned money
I can tell you that the OCR will be hiked to somewhere north of 5%. International money markets call the shots, not the RBA. Term deposits are the lowest risk investment and currently pay 5% per year for a five year term. They currently outperform the ASX , super funds and the like. Buying a house today in Australia is like playing Russian roulette with your finances. Developers can build unregulated, real estate agents determine the prices and lie with impunity, lawyers can screw up conveyancing and contracts and bear no responsibility. Governments at all levels now view asset holders as cash cows and they are continually shifting the goalposts on planning, taxation and regulations. The consumer pays for everything up front, yet is offered virtually no protection or compensation when they are ripped off. What is the point of all this governance without protection for the consumer?
interesting she mentioned the gambling issue in Australia which is un-precedented. I was knocked back on my first home loan because of 2 strikes for bets I made on ladbrokes (totalling $100) and deleted my account the very next day, stay away from all of them.
Do a monthly catch-up! Both of you are very informative. I agree about savings accounts. Trying to find a simple and decent one is tricky. The savings guarantee was at $1m but it was reduced by Gillard 12 years ago to $250k. I think it should be raised to $500k or $1m. It’ll encourage more savings and less debt.
See your problem and many others problem is you don’t understand the function of fiat and that’s how governments like it. So the question must be asked, why are these people encouraging it? Wake up!!!!!
It's amazing to me how many people is so on believe that RBA will cut rate soon 😂!! This persons haven't understood that RBA hasn't even been able to get a dent on the inflation..
Since going off the gold standard, fiats only purpose is to spend, NOT to save. How you spend it will determine your financial freedom. Use the banks money to generate wealth, do not buy a property to live in as it is a wealth sucking liability. Wake up
The logic behind Bouris's conversation is, its good to get into more debt by buying into an already overpriced and over speculated house market because it's advantageous for their personal portfolios and business. Seriously? Do not listen to such dangerous thinking. We want the house market to crash down to affordable levels and on par with our wages.
Mark Bouris. You and the Banks are responsible for peoples Mortgage Pain and NOT the RBA. Interest Rates are still very low. You were the one lending people more than they could afford and getting rich from it. If you take out a Mortgage over 25-30 years it should be tested at the average rate of 7.8%. The fact the RBA raised rates in 2022 instead of 2024 is irrelevant over a 30 year mortgage. Take responsibility for your own actions and own up to Mark. You……..GM
100 % this person sold his empire for $500 million to GE money to GE capital ,which fund high risk customers ,he would sell ice to people from iceland,yes he is a GM,but honestly thats why he is good at what he does,i laugh when he rocks up to my coffee shop at 5am in his black limo,full of young ,very young ladys.never trust people who lend money,just get prepared to be burnt alive,only borrow money if its tax deductible .
Mark should be helping people who need support ,by way of using his own money ,thats how the wealthy reduce their tax in America.having 500,00 millions dollars by one individual ,is vulgar.
These shows are a waste of time. Everyone has access to historical charts of interest rates, property price, gold price, oil, stock market, inflation, AUD and government policies. Get off your asses and overlay everything you can easily predict the future. Wake up to the financial cycles and understand what drives human nature. You won’t have financial hardship ever again.
Our economy is going to be in territory nobody can fathom when fuel supply gets disrupted. not having our own refining and storage has made us extremely vulnerable to supply issues. WATCH THIS SPACE . When builders cant get to job sights or their materials cant be delivered the layoffs will start and that`s depression territory .
Thanks Mark and Effie. Love the comment about the parents and kids, when she says "Look at what you are doing, cause the kids are watching". People are quick to blame the schools, however the biggest people of influence in a kids life it Mum and Dad.
Effie is on to something. Podcast on the horrific state of gambling in Australia and the destruction on finances.
We need to remember the RBA is following the current global trend, If we look at say the UK or US the RBA is mirroring the offshore trend. Thanks for the chat Mark & Effie, excellent information.
Incorrect!!!
The RBA is being dictated to.
The AUD is pegged to the USD and our government is also a servant of the IMF and corporations.
These shows bring nothing of real value to anyone’s life if they are trying to reach financial freedom.
Wake up!!!!!
The bank should only be used for one purpose and that is to make your wealth far greater than inflation and NOT to be used to save your hard earned money
GREAT POINT , THE REFINANCE LOANS SHOULDNT HAVE ANY BUFFER , THE NEXT LOAN IS THE SAME AMOUNT WITH LOWER INTEREST RATE
I can tell you that the OCR will be hiked to somewhere north of 5%. International money markets call the shots, not the RBA.
Term deposits are the lowest risk investment and currently pay 5% per year for a five year term. They currently outperform the ASX , super funds and the like.
Buying a house today in Australia is like playing Russian roulette with your finances. Developers can build unregulated, real estate agents determine the prices and lie with impunity, lawyers can screw up conveyancing and contracts and bear no responsibility. Governments at all levels now view asset holders as cash cows and they are continually shifting the goalposts on planning, taxation and regulations.
The consumer pays for everything up front, yet is offered virtually no protection or compensation when they are ripped off.
What is the point of all this governance without protection for the consumer?
she is a gem
Another really interesting discussion. Thanks again Mark. So glad I found your channel. Keep up the great content 👍🏻
Then you will struggle all your life if you listen to mainstream clowns like these.
Wake up!!!!!
working at channel 9....no spruiking or bias on the Domain network
How about the state of the economy in numbers , graphs, m1 @ m2 money. total dept. number of defaults etc . Cheers
You two are like Ying and yang....how about a show on weekends Channel 9
The banks at all costs will not have mortgages go to default. How they will do it is just refi at a longer timeframe, so the monthly repayments drop.
Until yields invert. Risky games no matter what you do at the moment, unfortunately.
interesting she mentioned the gambling issue in Australia which is un-precedented. I was knocked back on my first home loan because of 2 strikes for bets I made on ladbrokes (totalling $100) and deleted my account the very next day, stay away from all of them.
Do a monthly catch-up! Both of you are very informative.
I agree about savings accounts. Trying to find a simple and decent one is tricky. The savings guarantee was at $1m but it was reduced by Gillard 12 years ago to $250k. I think it should be raised to $500k or $1m. It’ll encourage more savings and less debt.
Informative?????😂
How so?
Encouraging any sought of savings of an unsecured loan to a bank is the sign of deceiving the masses
See your problem and many others problem is you don’t understand the function of fiat and that’s how governments like it. So the question must be asked, why are these people encouraging it?
Wake up!!!!!
What is your view on Bitcoin as an investment? Have you done your due diligence?
Start dollar cost averaging into crypto now, not just Bitcoin but look into other projects aswell. Get ready for a bull run in 2025
It's amazing to me how many people is so on believe that RBA will cut rate soon 😂!! This persons haven't understood that RBA hasn't even been able to get a dent on the inflation..
Since going off the gold standard, fiats only purpose is to spend, NOT to save. How you spend it will determine your financial freedom. Use the banks money to generate wealth, do not buy a property to live in as it is a wealth sucking liability.
Wake up
The logic behind Bouris's conversation is, its good to get into more debt by buying into an already overpriced and over speculated house market because it's advantageous for their personal portfolios and business. Seriously?
Do not listen to such dangerous thinking.
We want the house market to crash down to affordable levels and on par with our wages.
Mark Bouris. You and the Banks are responsible for peoples Mortgage Pain and NOT the RBA. Interest Rates are still very low. You were the one lending people more than they could afford and getting rich from it. If you take out a Mortgage over 25-30 years it should be tested at the average rate of 7.8%. The fact the RBA raised rates in 2022 instead of 2024 is irrelevant over a 30 year mortgage. Take responsibility for your own actions and own up to Mark. You……..GM
100 % this person sold his empire for $500 million to GE money to GE capital ,which fund high risk customers ,he would sell ice to people from iceland,yes he is a GM,but honestly thats why he is good at what he does,i laugh when he rocks up to my coffee shop at 5am in his black limo,full of young ,very young ladys.never trust people who lend money,just get prepared to be burnt alive,only borrow money if its tax deductible .
Mark should be helping people who need support ,by way of using his own money ,thats how the wealthy reduce their tax in America.having 500,00 millions dollars by one individual ,is vulgar.
Actually the big corporations jacking up the prices caused this. Lying about supply and demand bs.
Mortgage applications are already tested at 2-3% higher interest rates than advertised rates
These shows are a waste of time.
Everyone has access to historical charts of interest rates, property price, gold price, oil, stock market, inflation, AUD and government policies. Get off your asses and overlay everything you can easily predict the future.
Wake up to the financial cycles and understand what drives human nature. You won’t have financial hardship ever again.
Our economy is going to be in territory nobody can fathom when fuel supply gets disrupted. not having our own refining and storage has made us extremely vulnerable to supply issues. WATCH THIS SPACE . When builders cant get to job sights or their materials cant be delivered the layoffs will start and that`s depression territory .
What about the TV ad I keep seeing from Latrobe Finance they tout 5% return for 12 months 🫣
Earnings inflation adjusted is negative 2%. Over 12 months.