"longer period fund sitting in offset account to further reduce...

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crosek

1,409 Posts.

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19/04/21

09:08

Post #: 52554802
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Originally posted by jmaherabas: ↑

I am heavily invested in SPT (60% of my portfolio now).

i participated the SPP in full and bought more at 89c, 80c, 78c and 74c. Average cost is down to 85c now.

Being a person who values my credit rating so much (to help with getting loans for bigger real estate inve stments), havent paid any credit card interest not even once for >15 years.

I have not used any of BNPL once (it does affect crelydit score). When eBay offered good discount with APT, I just ignored it.

But if using SPT with my existing MC or VISA does not hit my credit score (no new debt), when it is offered here widely at various merchants, this can be a game changer for my cashflow strategy (longer period fund sitting in offset account to further reduce net interest costs).

So far all announcements are still pointing to good growth (hiring more board members, etc). So I will sit still and sometimes enjoy the comical comments at HC here.

dont want to make the same mistakes, once held 12,000 shares in CSL back in 2009 @ $29 using margin loan but the fear of its share price dropping got me to sell all instead of holding on.

Buffett said if you cant handle your stock dropping 50% then you shouldnt be investing. Well, SPT has.dropped more than 50% since last year.

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"longer period fund sitting in offset account to further reduce net interest costs"

What are you offsetting? Real rates are negative

SPT Price at posting: 88.0¢ Sentiment: None Disclosure: Not Held
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