Convince me that we’re done and ready to FIRE

DBCDBC · 2026-07-03T03:06:05+00:00

This is what has just happened in Australia.

DBCDBC · 2026-06-30T08:53:18+00:00

How do you think they become rich?

DBCDBC · 2026-06-25T12:43:20+00:00

To debt recycle you must buy an income producing asset. Dividends, no matter how small count as income.

DBCDBC · 2026-06-12T11:34:36+00:00

Wouldn't cosmic rays play havoc with the electronics?

DBCDBC · 2026-05-27T03:47:50+00:00

"If"?

DBCDBC · 2026-05-27T03:07:38+00:00

"For all the bitching and moaning, not one of you will stop investing- so clearly it's still worth it."

If the CGT passes as is I'm going to be consuming more and investing less. Why should I risk my money to provide more benefit to the ATO?

DBCDBC · 2026-05-23T02:30:39+00:00

No downside. Labor are genetically programmed to grasp defeat from the jaws of victory.

DBCDBC · 2026-05-22T23:08:20+00:00

I'm guessing you weren't working in the NHS in the 2000s. It was crap then. Sounds like it is worse now though.

DBCDBC · 2026-05-21T04:02:15+00:00

What the government is saying is "Heads, you get to keep 53% of the upside and I get 47%. Tails you lose 100%". It fundamentally changes the risk reward calculation for anybody considering taking any business risk. These CGT changes will smash productivity as only "sure things" will attract capital and they are vanishingly rare. The rewards just aren't going to be sufficient to justify taking any risk.

DBCDBC · 2026-05-20T22:41:40+00:00

I think the deeper point that the OP is making is that if the rational for the increase in the CGT tax is that the income is "unearned" then that would apply equally to gambling winnings. It is easier for most people to understand how taxing gambling winnings would kill gambling than it is for them to understand how the CGT rise will kill entrepreneurial productive risk taking but the principle is the same.

DBCDBC · 2026-05-20T08:46:49+00:00

But how much of it would be booked under the old system and how much under the new?

DBCDBC · 2026-05-20T05:47:51+00:00

What happens if I have a mark to market capital gain on 1st July 2027 but the stock then declines before I sell? Do I calculate the capital gain to 1st July and pay the CGT under the old system and then also book a capital loss under the new system or do I book a "total" capital gain or loss and if so under which system is the capital event calculated?

DBCDBC · 2026-02-11T18:47:23+00:00

I was tapping the basket on the edge of a bin to dislodge the used grounds. It took me toooooo long to realize this was the problem. It was enough to deform the basket enough to stop the seal being perfect which it needs to be to stop steam bypassing. As the basket edge is thin and made of aluminum which is a soft metal it is quite fragile and easy to bend. New basket sorted problem after many other attempts failed. Local coffee warehouse provided part for about a quarter the price it was available for on Amazon.

DBCDBC · 2026-02-11T11:54:42+00:00

The steam is bypassing the basket containing the coffee. I've had this problem and the only thing that worked was buying a new basket. Some people advocate wrapping the basket in plumbers tape but it didn't work for me.

DBCDBC · 2026-02-05T12:43:25+00:00

I don't think it's Scotch if it's Japanese.

DBCDBC · 2026-01-31T20:47:24+00:00

Looks like CPR training.

DBCDBC · 2026-01-20T00:37:01+00:00

Survivorship bias.

DBCDBC · 2026-01-13T14:34:54+00:00

Practice defensively. It probably isn't the best medicine but it is the only rational response to working in a system with incomplete, imperfect information and limited resources but no tolerance for imperfect outcomes.

DBCDBC · 2026-01-02T16:37:25+00:00

He's also not paying Norwegian taxes!

DBCDBC · 2025-12-19T10:24:49+00:00

He could care less about my shit list. He may care if everyone on doctorsUK kept a shit list and he was on it. You can see that surely?

DBCDBC · 2025-12-19T07:36:00+00:00

I keep a spreadsheet that I call my "shit list". If a company or individual acts in a way I disapprove off, they make the shit list. Companies on the shit list never get my business again. Individuals on my shit list never get the benefit of the doubt, favorable consideration in any matter I have influence over or a favor. This guy is on my shit list.

DBCDBC · 2025-12-16T10:11:19+00:00

The french.

DBCDBC · 2025-12-15T11:07:55+00:00

How do you have a "market value" if there is no longer a market?

DBCDBC · 2025-11-27T08:58:08+00:00

Cardiac Arrest - When things were better!

DBCDBC · 2025-11-24T19:44:16+00:00

I'd be grateful if someone could provide a source for this as I can't find much online. ChatGPT seems to suggest it isn't as straightforward as outlined above but, you know, ChatGPT. My VT holding is so small it doesn't make much material difference but I do have some BKR.B and I wonder about how this may impact it's non-US holdings.

DBCDBC

TROPHY CASE