Re: [GNC] Superannuation Co-Vid payment

2020-05-01 Thread D. via gnucash-user
Did you read thre recommendations that David Cousens gave in:

https://lists.gnucash.org/pipermail/gnucash-user/2020-May/090891.html

David T. 


 Original Message 
From: Chris Taylor 
Sent: Fri May 01 11:37:46 GMT+05:30 2020
To: gnucash-user@gnucash.org
Subject: [GNC] Superannuation Co-Vid payment

Hi everyone
Looking for some advice on how to setup a account system
Ok. What I have done is take up the Gov on the Co-Vid superannuation 
payment (withdrawal) of $10,000
What I wish to do is have it show up in bank account AAA that works day 
to day, I will be buying Gold this this money on a weekly basis that 
will come out of account AAA and got to AB company.
But I wish to know when I have transfered the 10,000.
Hope you can see what I want
Thanks for any input
Chris
I'm not asking if you think that what I'm doing is correct or not. That 
is MY decision not yours
I'm just asking the best way to manage it is GNUCASH
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[GNC] Superannuation Co-Vid payment

2020-05-01 Thread Chris Taylor

Hi everyone
Looking for some advice on how to setup a account system
Ok. What I have done is take up the Gov on the Co-Vid superannuation 
payment (withdrawal) of $10,000
What I wish to do is have it show up in bank account AAA that works day 
to day, I will be buying Gold this this money on a weekly basis that 
will come out of account AAA and got to AB company.

But I wish to know when I have transfered the 10,000.
Hope you can see what I want
Thanks for any input
Chris
I'm not asking if you think that what I'm doing is correct or not. That 
is MY decision not yours

I'm just asking the best way to manage it is GNUCASH
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Re: [GNC] Superannuation Co-Vid payment

2020-04-30 Thread David Cousens
David,

It's not that the Oz government is giving people money, but allowing you to
withdraw  your money from their Superannuation accounts (normally you can't
because superannuation funds accrue tax benefits as retirement savings) to
meet immediate needs while unemplyed or unable to work during Covid-19
lockdowns. They would rather you spend your money they don't have their
hands on than decrease the availability to them of your money that they do
control (taxes) to try and keep the economy going. 

Not necessarily a good strategy in the long term, but then neither is
starving in the short term. But if you figure you can make more in the
current climate than your super fund can, then it is maybe worth the risk to 
withdraw and invest then pay it back into the super account in the future.

Chris you may want to look at the GnuCash guide on investments:
https://www.gnucash.org/docs/v3/C/gnucash-guide/chapter_invest.html

and this comment from Derek on treating a commodity like gold prseuming you
want to track the value of the gold you purchase:
http://gnucash.1415818.n4.nabble.com/GNC-How-to-enter-Gold-tt4711834.html#a4711841.

David Cousens

David Cousens



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David Cousens
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Re: [GNC] Superannuation Co-Vid payment

2020-04-30 Thread John Ralls
No, but using the money to buy gold is.

Regards,
John Ralls


> On Apr 30, 2020, at 9:31 PM, outlook_a062af9f159be...@outlook.com 
>  wrote:
> 
>   The idea behind the Australian Govt. allowing early access to one’s
>   superannuation is economic stimulation NOT speculation.
> 
> 
>   Sent from [1]Mail for Windows 10
> 
> 
>   From: [2]flywire
>   Sent: Friday, 1 May 2020 11:19 AM
>   To: [3]Gnucash Users
>   Subject: [GNC] Superannuation Co-Vid payment
> 
> 
>   oz
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Re: [GNC] Superannuation Co-Vid payment

2020-04-30 Thread outlook_a062af9f159be...@outlook.com
   The idea behind the Australian Govt. allowing early access to one’s
   superannuation is economic stimulation NOT speculation.


   Sent from [1]Mail for Windows 10


   From: [2]flywire
   Sent: Friday, 1 May 2020 11:19 AM
   To: [3]Gnucash Users
   Subject: [GNC] Superannuation Co-Vid payment


   oz

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[GNC] Superannuation Co-Vid payment

2020-04-30 Thread flywire
oz
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Re: [GNC] Superannuation Co-Vid payment

2020-04-30 Thread David Carlson
I want to know which government is giving out money to speculate in
precious metals with.

On Thu, Apr 30, 2020 at 9:19 PM Chris Taylor 
wrote:

> Hi everyone
> Looking for some advice on how to setup a account system
> Ok. What I have done is take up the Gov on the Co-Vid superannuation
> payment (withdrawal) of $10,000
> What I wish to do is have it show up in bank account AAA that works day
> to day, I will be buying Gold this this money on a weekly basis that
> will come out of account AAA and got to AB company.
> But I wish to know when I have transfered the 10,000.
> Hope you can see what I want
> Thanks for any imput
> Chris
> ___
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> To update your subscription preferences or to unsubscribe:
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[GNC] Superannuation Co-Vid payment

2020-04-30 Thread Chris Taylor

Hi everyone
Looking for some advice on how to setup a account system
Ok. What I have done is take up the Gov on the Co-Vid superannuation 
payment (withdrawal) of $10,000
What I wish to do is have it show up in bank account AAA that works day 
to day, I will be buying Gold this this money on a weekly basis that 
will come out of account AAA and got to AB company.

But I wish to know when I have transfered the 10,000.
Hope you can see what I want
Thanks for any imput
Chris
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