Jordan Eliseo

Survey question to end 2019. From an investment perspective is gold a defensive asset (used to protect wealth) a growth asset (used to build wealth) or a combination of the two. Votes open for a week. Thank you and Merry Xmas

@cjoye Yes 👏 special carve outs only make the system more complex and more unfair. theaustralian.com.au/wealth/investi…

The best advice I always give to newly exited founders: Open a Vanguard account. Not Fidelity. Not Schwab. Vanguard. 'Smart advice,' You might think. 'They do have the lowest fees..' Wrong. Their interface is so awful, you will never trade.. Has made my clients millions.

This is big. As far as I understand, those who own a property grandfathered under the changed to Negative Gearing will continue to be able to re-leverage against that grandfathered property to buy more assets and write off interest costs against income well into the future

@linzcom How good is it Could presumably just borrow against the thing indefinitely - trip to Europe, renovation on the (CGT and Pension free) PPOR And they say innovation is dead in Australia

Within 20 years, 1-in-5 Aussies could be paying the top marginal income tax rate of 47%...

The top 10 US stocks now make up a record 41% of the S&P 500’s total market cap.

JUST IN: Private Credit defaults hit the highest level in history

jesus christ its over

The federal government’s refusal to lift income tax brackets in line with inflation means every dollar earned today above $190,000 is taxed at 47 per cent, instead of the top rate kicking in at more than $280,000. The top income tax threshold now sits at the lowest inflation-adjusted level in 20 years. It would be $281,450 by now if it had kept up with inflation since 2008-09, the last time high earners had their top income tax threshold substantially increased under changes initiated by the Howard government. Prime Minister Anthony Albanese’s former economic policy adviser Alex Sanchez said Labor’s decision in 2024 to increase the top $180,000 tax bracket to $190,000, instead of the $200,000 legislated by Liberal prime minister Scott Morrison under the stage 3 tax cuts, was a “terrible mistake”. afr.com/policy/economy…

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.

SpaceX IPO valuation implies a 93x revenue multiple and you don’t even have a P/E ratio because the company has negative earnings

How Daughters see their Dads at Every age: - THREAD 🧵

@clairlemon Extraordinary more young people own crypto than shares

Treasury's advice to Chalmers appears to be based on ATO tax return data. Someone needed to point out the obvious: young people ACCUMULATING shares don't record a capital gain. You only appear in that data when you sell. Of course the numbers are low.

A fire alarm is going off and everyone is ignoring it.

The higher you climb the corporate ladder, the more relationships matter. At entry level, your output is visible. You do the work, it shows up. It gets seen and you get a raise and promotion. At director and above, almost none of your work is visible. You're not doing the hands on dirty work, or at least in large amounts. You're making decisions in a room with a few people and the results show up 6 months later. Nobody can trace them back to you. So how do they decide who belongs in those rooms? They pick people they already know. Not "know of." Know. People they worked with and have seen operate under pressure. That person gets the call more times than not over the stranger with the better resume. The stakes are higher, so the trust threshold is higher. A bad hire at $70K is annoying. A bad hire at $300K who controls a $50M budget is catastrophic. And yeah, it's political. Not in the "office politics is a game" way. In the "if you make a mistake at this level, it doesn't just hit you, it hits your boss, your boss's boss, and so forth. So people protect themselves by surrounding themselves with people whose body of work they've seen firsthand. This is why "networking" advice misses the point. The goal isn't to collect contacts. The goal is to do good work with good people so that when a seat opens at their next company, your name is the first one they think of.

GLOBAL BIRTH RATES ARE FALLING FAST, WITH MOST COUNTRIES NOW BELOW THE LEVEL NEEDED TO MAINTAIN THEIR POPULATION. EXPERTS SAY FEWER YOUNG PEOPLE ARE DATING, MARRYING, AND HAVING CHILDREN — A TREND THAT HAS ACCELERATED IN THE SMARTPHONE ERA.

Berkshire Hathaway is now sitting on an all-time high $397 Billion in Cash, enough to buy 478 companies in the S&P 500 🚨🤑

There was a 2007 article titled "Will Myspace ever lose its monopoly". The author stated the following: John Barrett of TechNewsWorld claims that MySpace is well on the way to becoming what economists call a "natural monopoly". Users have invested so much social capital in putting up data about themselves it is not worth their changing sites, especially since every new user that MySpace attracts adds to its value as a network of interacting people. By 2009, Myspace died and Facebook became the next king of social media. Lessons there.

The men that are disappearing from the workforce aren't turning into stay-at-home dads or homemakers, rather they just become completely disengaged. This is an issue of the highest urgency. Chart source: buff.ly/F5wE6D0 My column on the issue in Australia: buff.ly/EsSZKGI