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  1. joeExpat

    Nepal Earthquake

    Couldn't find another thread so thought I would start one... Nepal has always been a special place to me, some of my best holiday memories from various hiking, climbing and kayaking trips there, the locals were always very friendly, honest and welcoming. The news of this devastating earthquake...
  2. joeExpat

    Swiss Shocker

    SNB caves on the CHF 1.20 Peg yesterday, carnage everywhere. This was something really unexpected, I was also short the CHF but on balance am ahead since have assets in Switzerland from working there...
  3. joeExpat

    Australia the new Switzerland ?

    Interesting article http://www.zerohedge.com/news/2013-04-17/australia-new-switzerland I can see where they´re coming from, after 9 years living in Switzerland things have changed dramatically while I´ve been here: - Bank privacy out the window, names being handed over to foreign...
  4. joeExpat

    Cyprus raids banks accounts

    Scary development in Europe over the weekend, Cyprus has locked down the banks & levied up to 10% tax on all bank deposits. This is the first time such a levy has been imposed in Europe. http://www.guardian.co.uk/world/2013/mar/16/cyprus-savings-levy-imposed-eurozone Imagine if you just...
  5. joeExpat

    Best Place To Be Born Index 2013

    Sorry Australia, pipped at the post by Switzerland. Still it's nice for my home country and current abode to be numbers 1 & 2. Regardless how hard you work and invest, we're pretty lucky to be born in the right place. http://www.economist.com/news/21566430-where-be-born-2013-lottery-life
  6. joeExpat

    What's your biggest financial mistake ?

    Sometimes it's cheaper to learn from others mistakes instead of your own. What's your biggest financial mistake (property/stocks/whatever) & how did you deal with it ? Mine was being overweight in European bank shares (mostly British and Swiss) from 2000 - 2008, for the "safe dividends"...
  7. joeExpat

    Spanish vendor wants 100K under the table

    So I'm looking to buy this house in Spain overlooking the sea, and the asking price has been dropped 20% since last year. I saw the property for a second time on the weekend & met the owner. He then reveals that he's only interested in selling with 100K under the table to reduce his capital...
  8. joeExpat

    Negative gearing to be abolished July 1

    :eek: http://news.yahoo.com.news-breaking-news/australia
  9. joeExpat

    Selling Vacant or Tenanted

    Hi, I am looking at selling an Australian property (house near the beach, northern NSW), and this time have the opportunity to sell it vacant as the tenant is moving out soon. Although missing out on rent while waiting for a buyer, do people think it is easier to sell and/or achieve a higher...
  10. joeExpat

    What is your Debt Coverage Ratio (DCR) ?

    What is your approx. before-tax Debt Coverage Ratio (DCR) across all properties ? i.e. (property income - property expenses) / annual interest. (<1.0 being negatively geared). Example: Gross Rent: 18,000 Management, Rates, Repairs, Body Corporate/Land Tax, Utilities: 4,500 Interest...
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