tax effective investment
How to have a billion dollars property portfolio in 6 months.
Well not quite, but as you can sense the sarcasm in the title, I am not a fan of these get rich quick property schemes. In my opinion all these schemes are good for is selling books and seminar tickets. I can’t believe there are still people out there promoting this sort of scam, I mean scheme. Remember Henry Kaye? If you don’t know who Henry Kaye is, just Google Henry Kaye.
what is negative gearing?
Negative gearing is not about making tax losses, far too many people think of negative gearing as a tax strategy rather than a tax effective investment strategy. You’re decision to invest should be based on the potential of the investment making you richer or increasing your wealth in the long term, and giving the tax man less is an added benefit! Not the other way around, you should not enter into a loss making investment purely to reduce your taxes, you may be risking a lot more to save a few dollars in tax.
