Super Wealth Fund

@sebossASX Possibly the only software as a Service stock that continues to show strong business performance despite being hammered down substantially on the share price. I can see her rebounding strongly over the medium term. $pme

Nice nice $PME

Adding $PME LOW 120

@ollycaffrey Yes it’s the coaching changes that resulted in the 2 x Brownlow medals, it’s so obvious now that you point it out.

Patrick Cripps has had some of the best games of his career in the first matches under David Teague, Michael Voss, and now Josh Fraser’s coaching

@toy59496 Where are the safe havens now that Dubai & surrounds are exposed to military risk?

@Edtechx Yeah, Nah. We're moving. I know what to expect.... Many of us have lived elsewhere previously. Problem with a high taxed environment is it becomes one where initiative is blunted as well. What's the point after all... Nice place to visit but....

New Units: A Tax Advantaged Asset Class for Investors With the new rules one of the few remaining taxed advantaged assets is the new unit or house. Consider a existing 2 bedroom unit in South Sydney that is currently going for $850,000. Compare this to a new unit which under the revised tax regime remains available for the CGT discount and deductible interest. No developer will leave that upside to the purchaser. Let us calculate what is the reasonable premium you can expect for what is now a protected asset class relative to old units. The answer, somewhere between $100k to $130k, that's how much more a rational investor should be prepared to pay for a new relative to an old unit is the current tax settings, current inflation rate, current mortgage rate. Notably this increases with higher interest rates on mortgages which I think is inevitable. This calculated premium is entirely margin because the build cost has remained unchanged. Now one might say what a greedy developer trying to capture all the upside. I would say of course, that's business. We don't build as a charity. But I would also point out that the developer now loses because they themselves are no longer able to benefit from the CGT discount for the period they hold the land as a capital asset, at least past 1 July 2027. I suspect those that are forced to stay in Australia will actively seek these opportunities....

@toy59496 I think all the talk about “I’m relocating myself off shore” is just that - talk and anyone that does relocate will be back once they realise that living in the social & political landscapes abroad are far worse than paying a hit of extra tax in Australia.

Yes but growth requires reinvestment of earnings which is hard with the increased tax drag. Some people will still make money but proportionally less. It's the old doctor paradox. You are a sole trader and have to pay 47% tax so either you work twice as hard and twice as long just to stay in the same place, given you work six months for free, or (previously) you debt up to ridiculous proportions in a professional name with investment property to have deductible debt to offset against that income. With the latter gone they will just have to work twice as hard. Or go somewhere they are actually appreciated, eg Dubai A lot of people with move either themselves or cash offshore- reducing the pie. Not all, but a good proportion.

@toy59496 True, but of course expanding capital growth delivers proportionately more pure profit in addition to greater taxes. I don’t think enough people have really crunched the numbers on this.

@Edtechx You are right- dominated by the tax deductible debt. But notably I had a very low growth rate relative to inflation and if that expands it gets much larger

@3AWisfootball “I didn’t bring it up” shows that this bloke didn’t have the courage or maturity to have the hard conversations at the club. Talking about it now with the media achieves nothing and just shows that he was part of the problem within the club.

“There was a narrative around my health.” Sam Docherty reveals Michael Voss removed him from the Carlton leadership group. MORE 👉 nine.social/17Nh

Sold $NVU today for a decent profit, I hoped for more but have lost the faith. Management have missed delivery of numerous stated milestones, rarely hit timelines & not been transparent with holders. Once you lose confidence in management, it’s time to sell. #ASX

@ryu_tay I don’t think there’s much point to objecting or supporting tax changes… I feel like most of the commentary is politically motivated rather than objectively assessing the tax system.

Seeing a lot of these naive supporters of the cgt change. Apparently, their logic is... "as long as everyone loses, it’s a win for people who can’t afford a home" 😂

@FootyonNine So 40-odd professional female Irish AFL players, plus their entire support staff to be located and housed and play… where? No issues around absent families, home sickness etc. No chance of a pandemic locking them out of their home country.

"There is a genuine desire to put a 20th team into the AFLW competition when Tasmania comes in – of an Irish team." Eddie McGuire with some big news for the AFLW. #9FootyClassified | Watch on 9 & 9Now 🖥️

@gwynne007 @missrobinson Most young people do not know what an ETF is. They wouldn’t even know what their superannuation is invested into.

@missrobinson Most young people saving for a house would have ETFs (raises my hand albeit not so young anymore).

20% of Australian taxpayers own at least 1 second property 10% of Australian adults have ETFs Amongst young people, home ownership has decreased from 61% to 43%. Something had to change.

I’m not a boomer, and I’ll likely pay more tax now but I have a decent accountant to help me navigate this. Such is life. I’m not going to whinge about it, nor virtue signal that I care about some other population group who may or may not benefit from the tax changes.

It’s OK to say “I don’t like the idea of paying more tax on my investments” I’ve never seen so many “think about low income earners and students who have big share portfolio” comments on X before. Just own your self interest, people.

@DebraG_Robins @Matthew74036833 Because you can’t pass a property onto beneficiaries when you die… Or because there is actually zero advantage to holding gold and you don’t understand that?

@Matthew74036833 holding gold long term (possibly passing onto beneficiaries when you die) gives peace of mind and you wont need to worry about the CGT. Gives the Govt the finger too as they want you in their toiletpaper currencies

They can't tax you holding Gold (only when you sell). By the time you cash in, tax rules will have changed again and this current moronic Govt will be long gone. Its the only way.

@ahleach It’s the classic “I need to move to Melbourne so I’m closer to my kids that live in Perth” scenario.

Lachie Neale being unhappy and looking to leave Brisbane for a Melbourne based club feels like a story that's not being reported.

@SusieNoonan2 Let’s all stop buying shares as a birthday present, in order to protest this situation. The market will never recover from the lost liquidity.

I have never seen a budget taxing young ppl like this before Imagine a Uni student earns $10K a year. Gets shares for a birthday present & then sells them to fund something. THEY’LL NOW BE TAXED AT 3O% No more tax thresholds It’s mind boggling

@Sauronlordking All those young people making a $45K windfall on their share portfolio are cooked.

If you earn about 45 thousand dollars in wages ,you pay about 6 thousand dollars in tax. If you earn 45 thousand dollars in share investing ,you will pay 13500 dollars in tax, minimum, under the new tax changes. If young people trying to get ahead is ok, then they better think again.

@therevaknight @Stockrocker_ASX She wants to creep under $170 on open, but having said that she was $150 in January (albeit on the Iran event) so just a bad morning or the beginning of a slide?

@Stockrocker_ASX $CBA share price will tell you tomorrow

Ok folks, how fucked are we? I haven’t read the budget yet. Going to sleep😴😴

@lukewinchester9 Yes I’m looking for opportunities to lose $100K right now, because nothing screams “great investment” louder than a loss making position.

This budget reform is huge for ASX microcaps as investors will desperately pile into assets which generate capital losses to offset gains.

@rhysdiab LOL I love the “what about the low income earners and all of their investments” commentary. I’ve never seen the investment community so concerned about the unemployed before.

Am I wrong in reading that there’s a 30% minimum tax rate on net capital gains? Even if a person has a low income year they now can’t use the tax free threshold or a lower bracket when they realise a capital gain? Brutal #Budget2026