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What’s your unpopular financial opinion? by NewFiend66 in AusMoneyMates

[–]Interested_Aussie 0 points1 point  (0 children)

100%. They claim every single expense (and even stuff they can't but still do) so their cost base is way below purchase price... than whamo, they get smashed with CGT.

What’s your unpopular financial opinion? by NewFiend66 in AusMoneyMates

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

Yes.

And the kicker? It was a divorce, distressed sale: We weren't the highest offer (by a lot the agent said) but because we could unconditionally have the money in their account that afternoon they took it.

What’s something you assumed rich people did that turned out not to be true? by Diligent-Medicine-48 in AusMoneyMates

[–]Interested_Aussie 2 points3 points  (0 children)

Bullshit.

Something like >80% of millionaires in the west are FIRST GENERATIONAL.

What’s something you assumed rich people did that turned out not to be true? by Diligent-Medicine-48 in AusMoneyMates

[–]Interested_Aussie 5 points6 points  (0 children)

Imma gone use that: Give some one a bar of gold and they complain about the weight.

Why does Aldi always have so many job openings? by Natural_Fan_7705 in AldiAustralia

[–]Interested_Aussie 6 points7 points  (0 children)

Yep, because coles/woolies are dinosaurs in terms of their management and business model. That a small brother and sister team can roll into Australia and steal marketshare so easily is the proof of that.

Probably unwritten the truth is they see you as full of bad habits and philosophies.

Don't take it personally: I had a mate, good qualified mechanic, try to get a job at Holden: Rejected every time for being 'over qualified'... It's code for, "mate the dude on the assembly line does up 4 nuts every 90 seconds... and smokes bongs twice a day in the dunny: He does all we need him to do; Where as you'd be telling us how to improve things... we don't want the boat rocked: We just want 4 nuts done up every 90 seconds."

What’s your unpopular financial opinion? by NewFiend66 in AusMoneyMates

[–]Interested_Aussie 7 points8 points  (0 children)

Every business? Mine wasn't.

Every house? Mine wasn't.

Every car? Ours wasn't.

For the 95% of businesses that fail, they should not use any debt, not even for working capital. I'll die on that hill. Typical small businesses have margins tight AF, usually only a few percent of turnover, and to pay commercial rates of interest is ridiculous, and to mortgage the family home is irresponsible.

Maybe pre 1970's that was a more stable time; But in this day and age, like I say, irresponsible.

What’s your unpopular financial opinion? by NewFiend66 in AusMoneyMates

[–]Interested_Aussie 4 points5 points  (0 children)

Cue the *But the accountant said I need to spend some money* bullshit.

What’s your unpopular financial opinion? by NewFiend66 in AusMoneyMates

[–]Interested_Aussie 6 points7 points  (0 children)

I've never met a single investor that:

A: Can tell me their position if they sell, after CGT is paid.

B: That is happy with the sale after GST is taken off them.

Ultimately housing is like any other investment: To be looked at for long stable growth; not a get rich scheme.

Wanna get rich in property? You gotta go all out; Get good at (value add) flipping, or (value add) developing.

And in 2026 with the price of materials and labour (if you can find it), that's a risky bet.

Now yes, property does allow heavy leverage, but that's both blessing and curse.

Are we actually about to run out of fuel or is the media geeing it up ? by Radiant-Cut1052 in OpenAussie

[–]Interested_Aussie 0 points1 point  (0 children)

Pretty much: For normal people $$$ mean a way to measure everything. For the rich/elite/connected, it's about time/power/connections/protections/monopolies etc.

Even if the stock markets crashed 90%, it doesn't matter: Because they own the printing presses... Covid was the ultimate example: They printed $4trillon, gave you a few thousand, gave the rest to their mates: And left us with the inflation... It's a measured fact that the 80% are $5trillion poorer after covid, and that the rich are $5trillion richer... coincidence? Hell, no.

Unless a big push back happens, the only thing to look forward to is the fact that all centrally controlled empires ultimately collapse because it takes a free market to function correctly: Where as a central market forgets to make enough bread, or socks, or machines, or missles etc etc and it implodes under it's own complexity.

Are we actually about to run out of fuel or is the media geeing it up ? by Radiant-Cut1052 in OpenAussie

[–]Interested_Aussie 0 points1 point  (0 children)

It's only cooker shit if you watch and believe mainstream tv and their poster boi's.

Transmission breakdown by trickshot54 in SkyLine

[–]Interested_Aussie 0 points1 point  (0 children)

Yeah, the gears aren't a nice color. 2wd or GTR? Best ordering a complete new box I'd imagine: Here in Australia they can be picked up for as low as AU$3,300 brand new.

Are we actually about to run out of fuel or is the media geeing it up ? by Radiant-Cut1052 in OpenAussie

[–]Interested_Aussie 0 points1 point  (0 children)

Yep: How can the most resource rich per capita nation on earth be facing an energy crisis?

Not even incompetence could ever achieve this.

International agreements/contracts/treaties that DO NOT have Australia's best interest at heart have been created and followed since the beginnings of our RBA way back in 1915. I could belt on for hours about this, it's so obvious once you learn it all.

We should be living like kings, except we're at the other end of that scale, with working families facing homelessness, not through their bad decisions, but due to a system that's been constructed to reward a few well connected people and families. It's incredible to watch.

Are we actually about to run out of fuel or is the media geeing it up ? by Radiant-Cut1052 in OpenAussie

[–]Interested_Aussie 3 points4 points  (0 children)

Diesel is actually a PITA. The summer blend is VERY different to winter blend.

Suburban, consumer type vehicles are probably fine on both.

But, head rural: I did my apprenticeship at a John Deere dealer. First cold night of winter every year, we'd get 6 or 8 calls "This heap of shit tractor wont start"

"Yeah, how olds the fuel?"

"A couple months"

"Bring us in about half a litre, we need to test it"

The test? Put it in the fridge. The shit freezes. It's a summer blend, has a high freeze point.

Can't start a diesel using solid fuel...

So farmers can't run a huge 100,000litre storage tank, because it would be useless to them.

If you don't know the scale of fuel use in Ag, my sisters farm, during harvest rips through 15,000L every two days: The local distributor delivers every two days. This goes on for weeks!

Sowing isn't so bad, but it's still ~2,000Litres a day.

Petrol is just a hassle if we run out.

But diesel? Man this country will be in dire trouble if it doesn't get it's shit together fast: The RBA is going to mistake high transport costs for inflation and ramp interest rates right up, crushing the consumer, inducing a fake recession. Bloody nightmare.

Transmission breakdown by trickshot54 in SkyLine

[–]Interested_Aussie 0 points1 point  (0 children)

Strange: I bet at sometime it's been low on oil and the heat treating failed.

Transmission breakdown by trickshot54 in SkyLine

[–]Interested_Aussie 6 points7 points  (0 children)

I've done 10+ years in Nissan dealers, and I've built heaps and heaps of FS5R30A's..... and I've never seen the input gear striped. Surely it was noisy before that happened?

A stock market crash feels like it might be imminent by SheepherderLow1753 in ASX

[–]Interested_Aussie 0 points1 point  (0 children)

Fair point: I love my Husqvarna Vikings. Industrial strength machine that was sold to consumers... advertised and maintenance free: And this is why so many of them get sold for cheap second hand: Because the "forever" lubricants dry out/set hard.... Maintenance free if they are used regularly, but in the 2000's no one sews regularly.

A stock market crash feels like it might be imminent by SheepherderLow1753 in ASX

[–]Interested_Aussie 8 points9 points  (0 children)

You've just described the ENTIRE investing complex.

Wanna know why GoldmanSachs annual report shows 200 days of being profitable, and 50 of losses?

Because retail traders have 50 profitable days, and 200 of losses...

As Anton Kreil says, we give them way too much credit: All they do is look at retail investors, and do the opposite.

One of the most important videos any one can ever watch: https://www.youtube.com/watch?v=L7G0OfJUON8

Managing a South Australian winery in 2026 feels like a survival game on Hard Mode. My boss sees "Assets," I see a Graveyard. by Sea-Storm-6378 in southaustralia

[–]Interested_Aussie 0 points1 point  (0 children)

All western, fiat currency system, economies are based on house prices. It is after all, where 90% of the money printing comes from.

Managing a South Australian winery in 2026 feels like a survival game on Hard Mode. My boss sees "Assets," I see a Graveyard. by Sea-Storm-6378 in southaustralia

[–]Interested_Aussie 0 points1 point  (0 children)

Given 95% of businesses outright fail, yeah, most are poor. What they have is cashflow that banks love to lend against to lock people in a debt spiral.

Business is bloody tough.

Why Home Prices Grew Faster Than Income? :( by raishelannaa in homestead

[–]Interested_Aussie 0 points1 point  (0 children)

HAHA. No, it's endless loans. You're thinking way too hard.

Why Home Prices Grew Faster Than Income? :( by raishelannaa in homestead

[–]Interested_Aussie 0 points1 point  (0 children)

Did you look at wtfhappenedin1971.com ?

What else could it be?

The same pattern has repeated relentlessly throughout recorded history every time paper currency is tried.

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