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Thread: Money matters

  1. #61
    CC Grandmaster Redmond Barry's Avatar
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    just another reason to purchase a fez .........

  2. #62
    Monster of the deep Kevin Bonham's Avatar
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    I'll be interested to see what 1.89 Turkish lira actually buys!

  3. #63
    CC Grandmaster ER's Avatar
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    list

    This afternoon, I just checked, it was

    one $ aus = 1.9 Try
    one $ us = 1.8 Try

    Click on link for a list of app. costs of items in Istanbul

    http://www.numbeo.com/cost-of-living...&city=Istanbul

    this is an average index calculating prices in the asian (less expensive) and the european (more expensive) part of the city!
    ACF 3118316
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  4. #64

  5. #65
    CC Grandmaster Capablanca-Fan's Avatar
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    Noel Whittaker has always been very helpful in financial matters. In his latest email newsletter, he writes:

    It’s interesting to reflect on the history of this newsletter - I wrote the first one in November 1998 as a way of helping readers of my books keep up to date. The topic of that one was the Suncorp Metway note issue that was offering a capital guaranteed 14% per annum. It’s hard to believe isn’t it? The next newsletter followed three weeks later on GST, which was being heavily debated as it was set to be introduced just 13 months later.
    In that newsletter I pointed out the mess of sales taxes that were currently being levied. For example there was a 12% tax on fruit juice and 22% tax on soft drink. Tim Tams were tax free yet a Kit Kat failed the biscuit test and suffered a 22% sales tax.
    Of course Labor attacked the GST, but it’s hard to imagine how the country would cope if it had not been introduced. In those days the top marginal tax rate was 47% - coming in at just $50,000 a year.
    There are those who claim that the carbon tax is no different to the GST but this is rubbish - the GST slashed marginal tax rates and was supposed to abolish a raft of taxes. The carbon tax has not abolished one single tax - it just simply lifted household costs.
    Anyway, the newsletter has been going out for 14 years, and I really welcome the emails of encouragement I get from readers.
    “The destructive capacity of the individual, however vicious, is small; of the state, however well-intentioned, almost limitless. Expand the state and that destructive capacity necessarily expands, too, pari passu.”—Paul Johnson, Modern Times, 1983.

  6. #66
    CC Grandmaster ER's Avatar
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    down it goes, up it goes!

    A good thing for Mr Obama getting re-elected was the immediate further weakening of the US dollar. Less than 24 hours of the announcement of the result Aus $ = US $ 1.042 up by about Aus $ 0.08 which, I don't know about you but its rrrrrrrrrrrrrrreally good for me!
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  7. #67
    CC Grandmaster ER's Avatar
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    go baby $ go!

    Go baby go!

    Aus $ = US $ 1.0447
    and a few hours later
    Aus $ = US $ 1.0455

    OK OK I know it's a burden for out exports but JaK's earning his holiday money is the way it goes!
    Last edited by ER; 14-11-2012 at 08:23 PM.
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  8. #68
    CC Grandmaster ER's Avatar
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    Hny

    A very happy, healthy and prosperous new financial year to all!
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  9. #69
    CC Candidate Master Bollard's Avatar
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    Agreed. Pleased I went on the big O/S trip last Christmas. It would be at least 15% more expensive now.
    When everything is said and done, and nothings left to do, I'd like to be the final one to say "What else is new?"

  10. #70
    CC Grandmaster ER's Avatar
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    Quote Originally Posted by Bollard
    Agreed. Pleased I went on the big O/S trip last Christmas. It would be at least 15% more expensive now.
    16.3% this morning to be exact!

    However I am facing my European Summer Holidays (starting from July 11th) with restrained enthusiasm since I had foreseen to keep a reasonable stash of US$ along the way for the last two years or so!
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  11. #71
    CC Grandmaster ER's Avatar
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    down and down!

    At 5:24 PM,
    One $US = $AUS 1.1031
    One $AUS = $US 0.9065
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  12. #72
    CC Grandmaster ER's Avatar
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    From investSmart or FoFA's your mate!

    Just to remind you! The federal government (well I believe even the staunchest conservatively minded anti-gillardists applauded them) (*) introduced a package of reforms known as the Future of Financial Advice - FoFA for short.

    Among other things, the package banned trailing fees and other commissions for new investments in retail investment products from 1 July 2013. That was certainly good news for investors!

    Unfortunately, the reforms don't cover existing investments - so even after 1 July 2013, you could find yourself paying hidden commissions on managed funds.

    (*) The Honourable Peter Costello - our longest serving and greatest (that's absolutely subjective of course but when it comes to my money I can't think collectively sorry ) federal treasurer ever in regards to superannuation and investment policies had similar ideas as far back as 1998. Peter Costello: Australia’s Economy – And Reform speech at the Sydney Institute, 11 June 1998.
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  13. #73
    CC Grandmaster Redmond Barry's Avatar
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    squatting is a good way to save money.
    Ruin is formal, devil's work,
    Consecutive and slow -
    Fail in an instance no man did,
    Slipping - is Crash's law,

  14. #74
    Reader in Slood Dynamics Rincewind's Avatar
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    Quote Originally Posted by Count Duckula View Post
    squatting is a good way to save money.
    How about kneeling?
    So einfach wie möglich, aber nicht einfacher - Albert Einstein

  15. #75
    CC Grandmaster Capablanca-Fan's Avatar
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    Quote Originally Posted by jak View Post
    At 5:24 PM,
    One $US = $AUS 1.1031
    One $AUS = $US 0.9065
    Five months later, 2013-12-08 23:54 UTC, not much has changed:
    One $US = $AUS 1.09812
    One $AUS = $US 0.910556
    “The destructive capacity of the individual, however vicious, is small; of the state, however well-intentioned, almost limitless. Expand the state and that destructive capacity necessarily expands, too, pari passu.”—Paul Johnson, Modern Times, 1983.

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