My updated debt data will be on NCN soon. My debt balances as at 31 Oct were:
property |- $199,813.62 Inv Property a/c #1
|- $350,577.18 --- $263,442.68 Inv Property a/c #2
| (x 0.5) |- $237,898.05 Home Loan
|
-- $685,362.34 --- $334,785.16 --- $ 52,937.16 Portfolio Loan
| "good" debt stocks etc |- $ 19,404.57 Margin Loan a/c #1
| |- $ 94,108.28 Margin Loan a/c #2
| |- $155,585.68 Margin Loan a/c #2
| |- $ 11,749.47 Line of Credit a/c
|
$683,127.44 --+ $2,234.90 ----- $ 15,765.10 -- +$ 1,724.90 Cr Bank #1 VISA
TOTAL CCARDS | |- $ 11,760.00 Bank #2 MasterCard
|- +$ 18,000.00 |- $ 5,730.00 Bank #3 MasterCard
0% bal xfer
(invested)
property |- $199,813.62 Inv Property a/c #1
|- $350,577.18 --- $263,442.68 Inv Property a/c #2
| (x 0.5) |- $237,898.05 Home Loan
|
-- $685,362.34 --- $334,785.16 --- $ 52,937.16 Portfolio Loan
| "good" debt stocks etc |- $ 19,404.57 Margin Loan a/c #1
| |- $ 94,108.28 Margin Loan a/c #2
| |- $155,585.68 Margin Loan a/c #2
| |- $ 11,749.47 Line of Credit a/c
|
$683,127.44 --+ $2,234.90 ----- $ 15,765.10 -- +$ 1,724.90 Cr Bank #1 VISA
TOTAL CCARDS | |- $ 11,760.00 Bank #2 MasterCard
|- +$ 18,000.00 |- $ 5,730.00 Bank #3 MasterCard
0% bal xfer
(invested)
Major changes in debt this month:
- increased Outstanding Portfolio Loan: $10,000 for purchase of T3, and $6,000 for monthly addition to "little book" US share portfolio
- increased Outstanding Property Loans by redraw of $6,000 to cover this month's property loan repayments while wife is on maternity leave
- increased Outstanding Margin Loans by regular gearing plan $100
- decreased balance xfer CC debt by min payment amounts of $375
- decreased Outstanding Citibank Line of Credit by $3,000 payment
Net change:
- total debt increased by $9,875.73 (1.47%)
personal finance, investing, money, debt
1 comment:
I only just stumbled on to your blog - well done. I have read a few articles and it provides some interesting Australian - based financial comment. Having a look at this post, I was just wondering, what do you think the ideal gearing ratio should be for 30-somethings, or indeed for any person earning money. Anyway, keep blogging, I am now a subscriber ;)
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