Frank Mancini

@BLSHigh you called it sometime ago

@ryu_tay Surely at least another downgrade to come with rate rises etc

Any value investors looking at AX1?

@pastperformerAU Owner occupiers will snap up existing homes

So existing homes drop by 15% and stay down in perpetuity compared to new homes to make up for tax concessions? How does the Australian property market balance this? Long property developers? My head Hurts $MGR $LIC #AUS #TAX #BUDGET

$SHA Shape really pumping up the data centre theme in their presentation today even though it’s a small portion of revenue at the moment. Held

@ryu_tay Took a starter position in it today

BetaShares launched new Space ETF $RCKT $RKLB $ASTS $PL

@Alonzo_CTHG My gripe with CGT is as a PAYG taxpayer, I have already paid tax on my income. I then choose to invest a portion of what I have leftover each month into the market. When I sell for a profit I have to pay tax at my marginal rate again. Rather the just have a flat rate eg 25%

It never made sense 2 me holding an asset just 12 months gets a 50% reduction in tax when actual workers pay 40% plus on every dollar. If you want to encourage holding assets longer term & simplify the system give a 5% reduction for each year held up to a maximum 50% at 10 years

Interesting ETF 👀

$SHA Nice update Held

@The_scanner_man Sent by senior risk and compliance officer Say no more

Short $PTM They are still faxing things

@ryu_tay @mondyinvest I hope they also don’t change the ability to accumulate capital losses to offset in future years against gains

@mondyinvest If they don’t grandfather the cgt it’s just going to cause major wave of dumping of all assets before July 2027.

Budget 2026: Existing property assets not subject to upcoming negative gearing changes 🏡 #auspol afr.com/politics/feder…

@ryu_tay With this bloke, there’s likely to be a 5% drop this quarter and he will take that as a 20% annualised drop

I guess we are safe?

@MarkDiStef Because only 20 or so people in Australia use LinkedIn

The prime minister has carved out LinkedIn from its tax for news publishers. Its rationale is so thin to the point of nonsense. So why does its owner Microsoft keep getting a good run by this government?

$MFD Mayfield Childcare - after G8’s update yesterday, this one isn’t much better. Staff costs alone gobble up almost all the revenue

@ryu_tay $ESK growing strongly in communications too but Codan is the gem

Unstoppable $CDA 🤷🏻‍♂️ Can we get a sell the news pls as I really wanna get back in 🤣

$ANZ These JV’s never work out. Customer acquisition is too difficult to split and attempt to cross sell others products too

@ryu_tay Pure speculation here but I think any changes are aimed at property as it’s the big political issue.

And if grandfathering is the most likely case, then it makes sense to buy shares you really have high conviction on before the budget night announcement (to be safe)??

I did a bit more research into the implication of this on stock market. I think it will massively discourage stocks (especially growth stocks) and benefit properties! Why would anyone buy and hold growth stocks given all the growth minus cpi factor gets fully taxed? This is insane! Say a stock goes $1 → $5 in 5 years. Old system (50% CGT discount): taxed on $2 Indexation: taxed on ~$3.8 That’s almost double of taxable gain. Why are they doing this to share market??? Same indexation benefits property more because property growth is more inline with CPI!

This guy spent $3,140 on chocolate pudding and got 1.25 MILLION free airline miles His name is David Phillips and in May 1999 he was a 35 year old civil engineer at UC Davis when he spotted a Healthy Choice promotion It was offering 500 frequent flyer miles for every 10 product barcodes mailed in, doubled to 1,000 miles if you mailed them in by May 31 He did the math on the cheapest Healthy Choice product he could find Individual chocolate pudding cups were on sale at his local Grocery Outlet for 25 cents each, meaning $2.50 of pudding could buy him 1,000 airline miles The airlines themselves valued those miles at around $20 He drove a van from store to store across California with his mother in law, cleaned out 10 different Grocery Outlets around the Sacramento area and ended up with 12,150 pudding cups stacked from his garage to his living room When suspicious cashiers asked what he was doing he told them he was "stocking up for Y2K" The early bird deadline was 3 weeks away and there was no way he could peel that many barcodes alone, so he called the Salvation Army and proposed a trade He would donate all 12,150 cups if their volunteers peeled the labels off first This donation also got him an $815 federal tax write off on top of everything He mailed the barcodes in by the deadline and then heard absolutely nothing back for 2 months His friends told him corporations always get out of promotions like this and his kids even started asking him if he got scammed Then a giant package showed up at his door with paper certificates worth 1,253,000 frequent flyer miles, which made him a lifetime AAdvantage Gold member at American Airlines and was worth around $150,000 in flights The Wall Street Journal put him on the front page in January 2000 and the London Times wrote about him a week later Over the next 5 years he flew his entire family to 43 countries, and in 2002 director Paul Thomas Anderson loosely based the movie Punch Drunk Love on him Adam Sandler made a movie about him and he paid for the ticket with pudding

@Alonzo_CTHG Long $TWE?

Who cares?

@Cyclops_Trader But the consumer is saving 10% off the final price which is why it’s attractive

Scam when tradies say: “I can do cash, I’ll take the GST off” Mate, you negate GST anyway, it’s an auto tax transfer. Cash - no income tax. Save 50%, you make DOUBLE. Give me 35% off. Both 25% better off. 10% GST off pfft! I’d rather go thru books make u pay tax! Lose/lose

@StarDestr0yer Kiss of death

$AI1.AX .. this is EXACTLY what NO INVESTOR wants to see in a CR announcement 🤣🤣🤣