@Stefan_Debolbec @David_McMahon75 That’s right. I could not agree more.
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Long Term Investing Group
487 posts
Long Term Investing Group
@ltigroupx
we focus on #valueinvesting, how to find interesting companies, analyse them, and find good risk/reward stocks. no financial advise. #stockanalysis #coal #oil
انضم Eylül 2023
126 يتبع156 المتابعون
@ltigroupx @David_McMahon75 Just look at the last election. Seems to be proof that’s what we want.
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Don’t fall for these type of nonsense justifications of the 30% minimum tax. A much simpler example shows how unfair it is. Consider a stay at home mum who has some money in the share market that she invested when previously working.
Now she’s in the tax free threshold because she is the primary caregiver for her kids. If she generated $5,000 of income from a part-time job, it’s tax free. But if she realised a $5,000 long-term capital gain from selling her shares, suddenly she gets hit with a 30% minimum tax.
That’s not right.
Brent Hodgson@BrentHodgson
This is a wonderfully well-constructed pair of straw men: STRAW MAN ONE is a hypothetical low income earner who - while earning under $45k - simultaneously receives a hypothetical windfall capital gain profit, from an investment (not trading, and not selling their own home), without any access to farm or business rollover benefits, in a single-year, without any indexation, without any Super discounting, and while young enough to not be eligible for transition to retirement benefits. STRAW MAN TWO (no relation) meanwhile pays an AVERAGE of 29.18% tax on their TOTAL income. In this comparison, Mr Straw Man One pays a 0.82% higher tax rate on their single-year capital gains windfall than Mr Straw Man Two does ON AVERAGE on his total $190,000. (Just ignore the fact that Straw Man One’s capital gains tax rate is 30% – while Straw Man Two’s would be 47%… or that we’re comparing 🍎 average income tax rates with 🍊 marginal capital gains tax rates.) Buckle in guys. The 0.82% difference between a confected worst-case-scenario and an understated average is end-times-prophecy stuff.
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@David_McMahon75 I see, then Australia will become a communist state. It could go as far as Venezuela where everyone is poor and people will be crossing borders as illegal to get a better life. Is that really what we want? Everyone to be poor? And government officials at the top living the dream?
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@ltigroupx It’s all driven by envy. If someone else was enterprising enough to put some money aside and invest it, sacrificing consumption, then we should drag them down, rather than making it easier for everyone to do that, perhaps by cutting taxes on wages.
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Long Term Investing Group أُعيد تغريده
The Australian consumer is dead and buried.
Crashing real disposable incomes are meeting a cost of living crisis.
Interest rate increases, record leverage, increased taxes, increasing unemployment, inflation.
The ‘misery index’ is spiking.
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@SpachusAus @bowtiedstocks They used to be very vocal when BTC was at 120k, now I barely see any post on crypto.
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@bowtiedstocks We got told to stay in our lane when we posted about Bitcoin not rising back to $120k. Lol 😂
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What’s the name you give to this mountain?
(Thank you Brenton & Michael for sharing)
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@AlboMP In other words: it’s hard to buy a house, so to help you, we will make it even harder. And why not penalize everyone while we are at it. So that at least everyone can’t start a business, keep a job and get a house. Well done!
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Right now, it's too tough to buy your first home.
We’re fixing that by changing negative gearing and capital gains tax breaks to give first home buyers a fair go.
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$GRR.AX
stock analysis of Grange Resources Ltd Iron ore mining and pellet production business in Australia and internationally. A very undervalued company. Discussing: company details, fundamentals, technicals. youtu.be/8A9mwMoto-E #ironore
YouTube
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Long Term Investing Group أُعيد تغريده
Stan $NHC.AX : Large, standard, balanced
Kyle $SMR.AX : Steel-focused, specialized, ambitious
Cartman $WHC.AX : Large, aggressive, controversial
Kenny $TER.AX : Small, resilient, revived
Chef $DBI.AX : Vital, grounding, essential
Timmy $CRN.AX : Retarded, probably wins
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@ZeeContrarian1 I prefer focusing on selling put instead, if you believe in the stock and the price is right, why not add more?
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Last week I decided I’m never doing covered calls again on stocks I truly believe in.
All you’re doing is capping the exact thing that makes these investments special: the unimaginable upside.
As we’ve seen this century, certain companies can compound to levels that seem almost irrational, and they can do it fast.
If I’m right, I want to make a fortune. I don’t want to trade away life-changing upside for some small premium.
If I’m wrong and the stock falls, then losing 8% with a covered call instead of 10% without one changes nothing.
The real money is made by being right on the big move and actually sitting through it.
Trust the process. Trust yourself.
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Long Term Investing Group أُعيد تغريده
Every Australian who owns shares, runs a business, invests for retirement or hopes to build wealth should be paying attention. It’s about the future of investment, productivity and aspiration in Australia. Sign the petition.👇
#CGT #auspol wilsonassetmanagement.com.au/capitalgainsta…
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@ChrisWickNews Looks like they want to create a civil war in most western countries. And probably destroy the currencies all at once. A real mess is coming by the look of it.
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Long Term Investing Group أُعيد تغريده
Is it just me… or are governments around the world starting to act like they’re testing the limits of public patience?
Because from the outside, it almost looks like they’re pushing things further… and watching to see what people will accept next.
At what point does pressure turn into pushback?
Genuine question — where do you think this is heading?
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@GrahamY Definitely! Lose control of all our wealth and give it to the big funds and stop people from using it before 60, next 65, next 70... I am sure super is next. 15% is too low, we need a “fair share” like 30% or more. Why not 99% while we are at it. There are not limits.
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@ltigroupx So far it has been a 40 year project. The trade unions, using our savings, are now the biggest investors in the country. This is partly about moving personal assets out of risk and into super. It's also about penalising mum and dad landlords.
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Is Albo dishonest, delusional or recklessly uncaring about reality? Are there other explanations?
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Long Term Investing Group أُعيد تغريده
An Australian family in Perth just sat down and did the maths the government hoped you’d never do.
Cost to buy & own a home over 34 years: $2,016,850
Taxes paid to the government over the same period: $2,717,865
You paid more in tax than for your own house. Let that sink in.
Breakdown:
• $2.2M in income taxes, GST, duties & excises
• $105k in council rates
• $94k in vehicle taxes across 7 cars
• $300k in tax on your super (the money meant for retirement)
And what’s the big relief in the 2025 Budget? A $268 tax cut.
That’s $5.15 a week — less than a pie and a beer.
You’re not bad with money. You’re being taxed into the ground.
I love this country, but I’m bloody tired of everyday Aussies working their whole lives just to hand over more to the government than they spend on their home — while those collecting it face zero consequences.
The numbers don’t lie.
Time to prepare, protect and future-proof your family. The fighting spirit is needed now more than ever.
(Martene Wallace on Instagram)
What do you think? 🇦🇺
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Long Term Investing Group أُعيد تغريده
Under the proposed CGT changes, the effective tax rate on a direct share portfolio could rise from 44% to 70% because inflation adjusted losses can’t offset gains unless shares fall in nominal dollar terms.
That means portfolios with a few big winners and lots of average performers (which is how most real world portfolios behave), get hit hardest.
The result is that direct share investing becomes much less attractive than ETFs and pooled investment structures for most Australians, far more so than Treasury’s modelling appears to assume. blog.stockspot.com.au/why-the-propos…
Credit @DerekFranc90653 @Johnkehoe23 who discovered this impact due to stock return dispersion.
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Long Term Investing Group أُعيد تغريده
Here is my advice for avoiding 47% CGT on shares.
Step 1 - Take all your money, put it in the bank, and collect 5% interest.
Step 2 - Get a doctor to diagnose you as autistic, and register for the NDIS.
Step 3 - Buy a PlayStation 5, sit on the couch, and punch cones.
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Long Term Investing Group أُعيد تغريده
🚨Silver drops because inflation is rising.
Which is funny, because inflation is literally one of the reasons people buy silver in the first place. 🤡🥈
Modern finance logic:
“Your insurance is falling because the house is burning faster.”
#Silver #SilverStackers #Fiat
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