Who else forgets that not everyone we know is constantly checking up on Somersoft and other investing forums, and how much knowledge we get from them?!?!
For instance, within the past 4 days, 2 conversations I've had:
Sister in law: She didn't believe, or understand I guess, that if you use equity in your home to purchase an IP or shares, that interest on the equity you use is tax deductible - she simply would not believe me, I told her many, many, many people do it, go and talk to our accountant Lou (we all have the same accountant)....we've been over this conversation before, she just will not believe it - doesn't check it out, just accepts it doesn't exist?!?
Fiance's best friend: He could not believe Offset accounts exist - "what's in it for the banks??"; "it's got to be some sort of scam", etc, etc.....I told him to go to any large bank and ask them if they have a loan facility with an offset account and what fees they charge for it. I doubt he'll do it, just will choose not believe me.....
Perhaps we've convinced people to question things so much and be so wary of scams that they reject everything that sounds too good to be true?!? I find it frustrating, yet too funny at the same time.....
Cheers,
Jen
For instance, within the past 4 days, 2 conversations I've had:
Sister in law: She didn't believe, or understand I guess, that if you use equity in your home to purchase an IP or shares, that interest on the equity you use is tax deductible - she simply would not believe me, I told her many, many, many people do it, go and talk to our accountant Lou (we all have the same accountant)....we've been over this conversation before, she just will not believe it - doesn't check it out, just accepts it doesn't exist?!?
Fiance's best friend: He could not believe Offset accounts exist - "what's in it for the banks??"; "it's got to be some sort of scam", etc, etc.....I told him to go to any large bank and ask them if they have a loan facility with an offset account and what fees they charge for it. I doubt he'll do it, just will choose not believe me.....
Perhaps we've convinced people to question things so much and be so wary of scams that they reject everything that sounds too good to be true?!? I find it frustrating, yet too funny at the same time.....
Cheers,
Jen