hmm..i have got a question here..let say, i am interested to buy unit trusts/funds in aussieland, is that possible? like am i eligible for it, and any good banks is doing it? and the minimum money needed to buy? another matter is, will it be hard to get my money out when i return to malaysia?

besides trusts/funds, is there other ways to best invest my $$? (i currently bank with commonwealth and have netbank saver..)

i will be in aussie land for another 5 years..

need help! XD

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Added on February 11, 2008, 4:06 pmanother issue...

i wonder if my prepaid number stays if i am back in malaysia for 3 months..

and for unsw students who stay near uni..where is the suitable place to buy a table/pan (to cook)...haha...ard kingsford/randwick/maroubra area if possible..

This post has been edited by pangping1510: Feb 11 2008, 04:06 PM

As long as you have a TFN, you can do it. Minimum investment is usually between $1000 and $5000, but you can start trading online for only $20 brokerage fee through discount brokers like CommSec and ETrade.
I'm looking at Colonial First State and Macquarie's fund products. However, the stock market is pretty volatile right now, so I'm really not ready to put that much into it (on a good run, you'd probably get around 12% p.a. return). If you're risk averse, high interest saving accounts are probably the most stable product right now. Interest rates are set to rise further, so it's definitely good. The only problem is rents will rise in conjunction with the rise in interest rates.
The general rule is the higher the risk, the higher the returns.

You can buy cooking pans anywhere, from cheap ones at discount stores to mid range KMart/Target variety to higher end ones from department stores like Myer/David Jones. Have you been to Supacenta at Kensington? They sell all kinds of homewares and furniture if you don't want to venture to Ikea Homebush. It's just 10 minutes from uni via the 302/303 bus.

chinatown was flooded on Sunday.. crazy amount of people lol.. don't even know what were they doing

Oo..i have tfn..are colonial first state and macquarie fund something like stocks? where i need to manage them on my own?

kmart/target would do then..haha..i havent been to supacenta but i would go there to scout for my stuff =)..hows the quality for the furniture like compared to ikea's?..

btw, since i am back in malaysia for 3 months, can i still keep my mobile phone number?

colonial first state; not sure..
but currently cash tyype saving is more preferable and you can see Australian is cashing out from superannuation and any funds and put into cash in acc. with high yield like ING direct saver etc..
all this depends on the interest rates variables.

pangping1510; better read up the finance side of aus before putting your funds in this. basically there will be tax; but i think we student are exempt in someway from tax

try read up www.infochoice.com.au
it is good for basic starts.

You're not exempt from taxes. You are considered an Australian resident for taxation purposes. In Australia, only your money is welcomed, everything else is secondary.

okay
i tot someone is working lolz

Yes, it will. After your credit expires, you can receive incoming calls for the next 6 months before they put your number back into recirculation. For Optus at least. Best to check with your teleco.


Wait till you see NZ: even as international student with a TFN, I still get charged tax on my interest!

I am with optus prepaid now..guess my number stays..hehe..cuz my maxis number is dead =(

i have tfn, and working casual/part time..

i am looking at the supacenta website..is it the one at moore park?i think i saw ikea in its map..haha..is there an ikea store there?

Yes, it's in Moore Park. Ikea has moved to Homebush.

holy..thats sad ..i have been to ikea homebush..wonder if anyone knows i can get value for money furniture (table and swivel chair) around unsw? cuz i cant bear the high delivery fee for ikea stuff (delivery is more expensive than the products )..

does anyone know what is the excess luggage weight charge? my luggage is currently 7kg overweight ..

if i'm not mistaken, they charge 7USD per kilo... u can have some on hand carry..

For funds, the underlying security of the fund can be anything. Some funds are a basket of stocks so the risk is spread. Some funds, the underlying assets are properties in China, a basket of other funds (Fund of funds), etc

So its better if you read the Product Disclosure Statement to see exactly what the underlying security is.

Btw, if you invest in a fund, any gains in the net asset value will be charged capital gain tax in addition to income tax when you cash in (i.e. redeem), so you get taxed twice. The only exception is if the fund offset net asset value increase by dividends, in this case its just income tax.

There are some funds where the nav is set at $1 per 1 unit and never increase or decrease and has a guaranteed fix distribution of X%, normally lower than what you'd get on a saving or fix term account. But the upside is they will have bonus distributions if the fund performs well, normally amounting to a higher return than a savings or fix term interest rates. So its a small gamble and since its dividends/distributions, its only income taxed.

When you say manage, what are you managing? Your investment in the fund or the underlying security? You can manage your investment, i.e. when to redeem, transfer to other ppl, or reinvest any distributions or any extra cash (this depend on the Fund, stated in the PDS), etc but obviously the underlying security is managed by the investment bank not you. Some people elect advisors (financial advisors) to help them manage the investment for a fee.

This post has been edited by darun: Feb 13 2008, 05:49 AM

depends on the airline you are taking

chinatown in where Perth , Melbourne, Canbera mana satu?

she is referring to melb

john; since when chinatown in perth?
as far as i know; a street of chinatown got

This post has been edited by KVReninem: Feb 13 2008, 07:32 AM

Ahhhhh!!!!!! I want to see a Nissan GTR.Read too much Top Gear till i start to like it now.

Is there any Motor Show in Sydney?

i guess have to read up more on investment..ahh..should take some units on finance..

@kumahachi
depends..sometimes they dont charge you for overweight..i suggest checking the airlines' websites to know the extra charge..

when is tat?