Rhys Diab

4.2K posts

Rhys Diab

Rhys Diab

@rhysdiab

Founder with 1x exit and value investor. Not financial advice. DYOR.

Sydney, New South Wales Katılım Kasım 2016
642 Takip Edilen858 Takipçiler
Rhys Diab
Rhys Diab@rhysdiab·
@ryu_tay S&P500 only down like 0.4% why are we getting hammered so bad 😂
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AT@ryu_tay·
Brace for puke open 💩🤦🏻‍♂️
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Tim Murrell
Tim Murrell@TimMurrell74077·
@ryu_tay @rhysdiab To be fair they’ve reported something different in the AFR each day recently but the latest leak seems to be that if you held an asset for 5 years under the old CGT rules and then 5 years post the changes being announced then you get a partial discount for those original 5 years
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Rhys Diab
Rhys Diab@rhysdiab·
I'm half thinking it might be a good idea to deploy cash aggressively on attractive, long term growthier companies before May 12 in case the CGT discount is grandfathered. No use having cash aside for a better deal when even if you get it, you're likely to be paying much higher tax on those gains. Can always reverse the decision after budget night if the CGT discount isn't grandfathered.
AT@ryu_tay

Would anyone still bother to invest in small micro mid cap land?

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Rhys Diab
Rhys Diab@rhysdiab·
@TimMurrell74077 Possibly on the ASX. I’ve bought some international names that shouldn’t be impacted by Aus tax changes. But yer I think some ASX names might sell down on the increase in tax
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Tim Murrell
Tim Murrell@TimMurrell74077·
@rhysdiab Do you reckon the changes actually being announced knocks valuations across the board though Rhys? I guess that’s the main thing that could offset any benefit to making purchases in the next few days.
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AT@ryu_tay·
SaaSpocalyse 5.0 🤣 No wonder ATEC names got sold off today
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CTHGPro
CTHGPro@Alonzo_CTHG·
@rhysdiab You’ll be sorry if you make investment decisions based on tax policy.
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Rhys Diab
Rhys Diab@rhysdiab·
Trimmed $UNH position a bit this morning at $370. Still hold a significant position but the risk reward is not quite as good as it was 9 months ago
Rhys Diab@rhysdiab

I’ve taken significant positions in $UNH and $MOH. I believe the recent drawdown has made most US private health insurers very attractively priced. $UNH operates mainly in the commercial space and has historically had the highest operating margins. It’s currently trading at a record low P/S. I believe their margins will return when they raise premiums. $MOH operates in the Medicaid space, has a very good track record and trading at only 9x forward earnings. They have significant excess cash they plan to use for buybacks and acquiring smaller players in distress. Insiders have also made significant purchases of both stocks recently. Honourable mentions to $ELV $CNC $HUM

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Rhys Diab
Rhys Diab@rhysdiab·
@ryu_tay True. Not a good time to be negatively geared
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AT@ryu_tay·
@rhysdiab If negative gearing ain’t allowed, they gonna have to sell as cant afford to hold on to with higher rates for longer
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Rhys Diab
Rhys Diab@rhysdiab·
@galumay I agree generally. But if buying a business on one day means you pay much less tax than buying the same business a week later it makes sense to try and buy it earlier
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Ricky🏄🏼‍♂️🦋
Ricky🏄🏼‍♂️🦋@galumay·
@rhysdiab Why change your strategy? Just buy good businesses, at a discount to value and hold long term. You will likely make a good return after paying a fair tax on your profit.
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Rhys Diab
Rhys Diab@rhysdiab·
@ryu_tay I don’t think it really impacts them. Because it’s on all assets the relative attractiveness of an IP hasn’t changed. Although makes PPOR even more attractive. The rate rises on the other hand are really going to hurt them.
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AT@ryu_tay·
@rhysdiab I think there will be a hugeeee impact on those who highly leveraged in properties by tight cashflow based on negative gearing. Gonna be a wild few years
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Rhys Diab
Rhys Diab@rhysdiab·
If it is partially grandfathered like above you can unwind some of your longs as it doesn’t matter. But benefits many politicians and older folks to grandfather it and that’s how changes to capital gains tax changes have been handled in the past. So I’m betting they roll it back to fully grandfathered
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Rhys Diab
Rhys Diab@rhysdiab·
@ryu_tay It did. But I have a feeling it’ll be fully grandfathered.
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AT@ryu_tay·
@rhysdiab Didn’t the news say it’s partially grandfathered? So the period from acquisition to 12th May will be grandfathered while after will be indexed
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BowTiedStocks
BowTiedStocks@bowtiedstocks·
$AX1.AX Accent Group - sold off ~ 13% today on release of trading update Now down at 54c, hard to believe this was a $2+ stock just last year - same store sales down 1% on pcp - GM% 54.2% vs 55% pcp - H2 FY26 EBIT estimate now down to $22m - $28m - $2m in restructuring costs to be incurred as part of a ‘cost out’ program (aka job cuts are coming) As I’ve said already, these trading updates particularly from discretionary retail will soon be the norm Aussie consumer is tapped out A lot of companies will also use a war in the Middle East as their excuse for not delivering results
BowTiedStocks tweet mediaBowTiedStocks tweet media
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Rhys Diab
Rhys Diab@rhysdiab·
@ryu_tay There’s a place to hide, it’s In a company structure buying ASX stocks that pay FF dividends. 30% tax on capital gains and 0% on FF dividends. I don’t know why they’re pushing investors into these investments vs growthier companies
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AT@ryu_tay·
@rhysdiab And now you can’t even hide in US stocks anymore, aggressive growth is not encouraged 🤷🏻‍♂️
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Rhys Diab
Rhys Diab@rhysdiab·
And you and I actually enjoy investing in stocks. I always saw the proposed increase in tax on IPs as a cash grab by gov but at least you could make the argument it pushes people away from investing in properties. Increasing tax on all assets is an even bigger cash grab and makes property even more attractive relative to alternatives. Especially PPOR, but even IP. You also cripple the ability of young people to compound capital
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AT@ryu_tay·
@rhysdiab @agnostictrader Yeah, I think prime area, desirable PPOR is the only safe haven going fw… 🤷🏻‍♂️
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Rhys Diab
Rhys Diab@rhysdiab·
@ryu_tay @agnostictrader For the first time in my life I’m thinking if I should just max out on PPOR as it’s the only place to avoid getting hammered on tax. So much for a tax change designed to take the heat out of the property market.
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AT@ryu_tay·
@agnostictrader The ironic thing is it actually benefits properties!!! Properties are leveraged and growth is usually more inline with CPI! So you effectively pull money out of growth equity and redirect them into low growth, dividend yield assets 🤦🏻‍♂️
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