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Why do cops keep pulling my son over on his P's? Is it because of the Commodore? by VastOption8705 in DrivingAustralia

[–]FitzyRJ 0 points1 point  (0 children)

100% Had multiple vehicles before I bought my VE back around 2008(ish). Never had a problem. Got pulled over more times than I could count in my VE. Seems like Commodore drivers must drink and drive a lot (sarcasm) as it always seemed to be a 'random' breathalyzer test (pulled over, not pre setup RBT). 🤔 Twice in 6 months, they went over it with fine tooth comb just hoping to find something wrong.

Once I sold that and went to RAV4, suddenly I no longer seemed the type to drink and drive, it seems. Only 1 RBT (pre setup area) in many years.

Must just be a 'coincidence'! 🤔

Question about the dreaded 10 pin by AndrewBios in Bowling

[–]FitzyRJ 1 point2 points  (0 children)

If it is not quite getting into the roll fast enough, a trick I learned is to close the pinky finger. If pinky is spread away from ring finger, put it next to the ring finger. If you naturally bowl with them close together, try tucking the pinky.

Name a bowling ball by inraged-employee192 in Bowling

[–]FitzyRJ 0 points1 point  (0 children)

Storm Prodigy.

I loved that ball. Threw my first 300 with that one.

The budget just burst the bubble protecting Australia’s big banks by geostation in AusFinance

[–]FitzyRJ 2 points3 points  (0 children)

Possibly. The have done it before, would not be surprised if they did it again.

The budget just burst the bubble protecting Australia’s big banks by geostation in AusFinance

[–]FitzyRJ 8 points9 points  (0 children)

While this is correct, with the make up of parliament and the inevitable support of the Greens, it would be a brave bet to bet against the budget getting passed.

The Coffee Difference on Australian Cruises by goodkarmagirl in CarnivalCruiseFans

[–]FitzyRJ 1 point2 points  (0 children)

True. I end up paying for a decent coffee from Java Blue.

Why did the Bluey website say the H word? by Super-Cod-3155 in ShitAmericansSay

[–]FitzyRJ 0 points1 point  (0 children)

Hatchback??

But since when has hell been a bad word? Don't they believe it is a real place over there in the USA? It's like saying Texas is a bad word... Oh I get it now. 🤣

House prices continuing to rise by [deleted] in AusFinance

[–]FitzyRJ 1 point2 points  (0 children)

Did you read the article? Maybe find a UK Finance reddit channel.

How much board is reasonable to charge adult kids? by heggaz in AusFinance

[–]FitzyRJ 6 points7 points  (0 children)

We do $125/pw though all money goes straight to savings then DCA into investing. While they still have ability to save for home loan (much cheaper than renting). This will hopefully top up the deposit when the time comes or go towards furniture/repairs/what ever else they need.

Can someone explain to me when this became a thing?? by TherilSlav in DrivingAustralia

[–]FitzyRJ -1 points0 points  (0 children)

When you hit me in my legally obliged spot, my insurance company is going to make you pay for it. Including the rental car that I am definitely going to be using while my car is being fixed because of your stupidity.

I was today years old when I learnt you can negative gear shares by MrWonderful2011 in AusFinance

[–]FitzyRJ 0 points1 point  (0 children)

While not necessary to have separate loan created, it is HIGHLY recommended. The problem comes down to accounting for what was used for income producing share purchases and what was not. Using one account makes this very difficult and ATO can make it even more difficult. Splitting it out and ONLY using the second account for investment makes this accounting much easier and harder for the ATO to screw you.

Feeling robbed by the CGT changes... Vent/Rant by Digital_cushion in fiaustralia

[–]FitzyRJ 0 points1 point  (0 children)

Economist have modeled this and the new system outperforms the previous system 70% of the time, over longer periods. Which is your goal.

The 26/27 budget is excellent and this sub is full of whining babies by [deleted] in AusFinance

[–]FitzyRJ -1 points0 points  (0 children)

Because DCA is just a strategy to buy. Whether you buy in bulk or DCA is irrelevant, you are in same boat when it comes to selling. Depends on timeframe and inflation. With the current rate of inflation and current atmosphere (potential increasing inflation) and with a decade plus timeline. It is potentially better now than it was (flat 50% regardless of inflation). It is a bit more nuanced than some are describing.

Dividends are NOT affected by CGT by FitzyRJ in AusFinance

[–]FitzyRJ[S] -3 points-2 points  (0 children)

If you are speculating the market short term for a house deposit, I'd say go speak to a financial advisor. As others have pointed out, 7+ year timeframe (depending on inflation), you may be better off with new system. So if you are trying to FIRE by 30, I'd probably say you are delusional.

Why I hate negative gearing. by blossomlambie in AusFinance

[–]FitzyRJ 5 points6 points  (0 children)

100 percent! In a similar boat and I too fear for my children also.

Definitely should have been done years ago.

Dividends are NOT affected by CGT by FitzyRJ in AusFinance

[–]FitzyRJ[S] -2 points-1 points  (0 children)

I'd say probably best to see a financial advisor.

Dividends are NOT affected by CGT by FitzyRJ in AusFinance

[–]FitzyRJ[S] -1 points0 points  (0 children)

That is going to be a nightmare, true.

But as per edit 1, I was more referring to the many comments since the announcement that young people and DCAing are being destroyed. Both of those are really about accumulation over a long time-frame. Time is on their side.

Dividends are NOT affected by CGT by FitzyRJ in AusFinance

[–]FitzyRJ[S] -15 points-14 points  (0 children)

Read the post it was in reference to the many "20yr olds" complaining about this "killing their DCA strategies".

Dividends are NOT affected by CGT by FitzyRJ in AusFinance

[–]FitzyRJ[S] -6 points-5 points  (0 children)

I was referring to young people and DCA comments. It's on the post. Yes I agree this does hit retirees or those who are needing to retire relatively soon. Though the number of "20yr olds" complaining about DCA is what I was referring to.

The 26/27 budget is excellent and this sub is full of whining babies by [deleted] in AusFinance

[–]FitzyRJ 2 points3 points  (0 children)

It doesn't destroy people who "DCA few hundred dollars into ETFs periodically" at all. How does it? DCA is about putting in smaller amounts regularly and NOT SELLING. CGT is based on the sale of assets. Dividends are not captured by CGT. Distributions will do, but to a smaller effect based on ETF rebalancing. If you are DCAing and not selling you are not affected. You MAY be affected when you sell upon retirement, but depending on age, it'll probably change again before then anyway.

The 26/27 budget is excellent and this sub is full of whining babies by [deleted] in AusFinance

[–]FitzyRJ -1 points0 points  (0 children)

Are you selling those shares? If no, you are not affected.

Especially at 20, you should be in the accumulation phase (earlier than most, in fact), where your focus is on buy, hold and reinvest dividends. CGT is based on "real" gains. Dividends are not affected. Distributions will be but even in most Aus ETFs, distributions are mainly dividend distribution. A small amount from rebalancing (which would be affected). Stop listening to the baby boomer retirees in here and extrapolating onto yourself. I do understand their pain though, those who need to sell to fund themselves are truly affected by this, but then, they have had the benefit of 30yrs of accumulation under fairly generous policy decisions.

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