El-Rhi » user profile
1
| Member Since | 13/01/2020 |
|---|---|
| Last Seen | 14 hours 18 min |
| Location | NSW |
Recent Activities
El-Rhi commented on If the government is willing to let the country go broke to save the housing market from going down, then ...
For every young person that might withdraw $30k to help buy their property, there will be a boomer who is topping up their super by $30k
El-Rhi replied to 
rektrading on Interest Rates - Variables Have Gone up but Why Savings Have Remained The Same?
rektrading on Interest Rates - Variables Have Gone up but Why Savings Have Remained The Same?4.5% is the minimum. Once you add the buffers, most are around 8%. You’re in trouble if it’s down to 4.5% which is why most banks...
El-Rhi replied to rektrading on Interest Rates - Variables Have Gone up but Why Savings Have Remained The Same?
rektrading on Interest Rates - Variables Have Gone up but Why Savings Have Remained The Same?APRA sets the capital standards in Australia, which are mostly based on Basel 3 with some slight differences. All regulated banks in...
Net interest margins have been smashed over the last few years… most have gone from around 2.1% a couple of years ago to around 1.7% now....
El-Rhi replied to rektrading on Interest Rates - Variables Have Gone up but Why Savings Have Remained The Same?
rektrading on Interest Rates - Variables Have Gone up but Why Savings Have Remained The Same?I don’t know what you’re referring to, but banks need to hold a minimum level of capital and often have buffers on top of this. It’s...
El-Rhi replied to rektrading on Interest Rates - Variables Have Gone up but Why Savings Have Remained The Same?
rektrading on Interest Rates - Variables Have Gone up but Why Savings Have Remained The Same?Zero capital reserve? 😂 Guessing you don’t work in banking https://www.apra.gov.au/capital-adequacy
It’s an expensive life lesson for some
El-Rhi commented on LUNA and UST Coins
I feel for those who have lost out on this, some have lost their life savings. If you go to Reddit and see some of the discussions,...
There are rumours circulating about who was behind it… will be interesting when it all comes out
I think there will one day be a movie or tv show made about the story of how a hedge fund exposed one of the biggest Ponzi schemes...
UST going to zero by the looks
Hope he had a stop loss set
Ouch. How confident are you for a recovery?
What are you buying at the moment?
What needs to happen for UST to regain its peg? And how likely is it?
What about LUNA? I bought speculatively at $30
For those following, the UST peg has been broken which is causing LUNA to dump. This goes to show the risks associated with so called...
There’s a lot of opportunistic price rises happening at the moment. Of course some are justified as input costs have increased. For Kayo,...
While not ideal, this is the world we now live in with inflation running hot. There are things that you can do to bring the cost down, e.g....
El-Rhi replied to 
Drakesy on 1.25-4.05% p.a. Interest on Your Term Deposit from 3 Months to 5 Years (Minimum Deposit $1,000) @ Judobank
Drakesy on 1.25-4.05% p.a. Interest on Your Term Deposit from 3 Months to 5 Years (Minimum Deposit $1,000) @ JudobankHow are they like Xinja? Xinja didn’t have a lending product so they didn’t earn any income. Judo lends to SME
As you say, if someone is paying $1.9m then the market has determined it’s worth $1.9m, not $1.4m
El-Rhi replied to 
JediNite77 on Essential Workers: 5% Cash Back on Groceries, Public Transport, Bill Payments - up to $250 Per Year @ Hiver Bank
JediNite77 on Essential Workers: 5% Cash Back on Groceries, Public Transport, Bill Payments - up to $250 Per Year @ Hiver BankVery true. What is their definition of graduate? Technically anyone who finished university is a graduate
>Banks have a licence to issue unlimited debt How? Banks have minimum capital and liquidity requirements which constrain the amount they...
What is your occupation? Some lenders go up to 90% LVR with no LMI for certain occupations
El-Rhi replied to MrBear on Open Banking "Full Data Transfer for Consumers Available" Milestone Reached. How to Use?
MrBear on Open Banking "Full Data Transfer for Consumers Available" Milestone Reached. How to Use?Athena isn’t an open banking data recipient so they would be connecting via screen scraping providers, not open banking
El-Rhi replied to 
nuker on Open Banking "Full Data Transfer for Consumers Available" Milestone Reached. How to Use?
nuker on Open Banking "Full Data Transfer for Consumers Available" Milestone Reached. How to Use?Try Frollo
El-Rhi replied to nuker on Open Banking "Full Data Transfer for Consumers Available" Milestone Reached. How to Use?
nuker on Open Banking "Full Data Transfer for Consumers Available" Milestone Reached. How to Use?Are you sure the data is being shared via CDR? If not, then it’s not open banking it’s just screen scraping. Screen scraping...
El-Rhi commented on PUMA Extra 50% off Sitewide (Except 'Excluded from Promotions' Items) + 25% Cashback @ Cashrewards (27% for Max, Expired 20/04)
‘Sitewide’ sale where 95% of items are excluded from the sale…. Good work Puma
So it’s a Ponzi?
If rates go up, borrowing capacity goes down so prices should either stabilise or fall slightly (5-10%). I personally don’t think rates...