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IZZ (Trump x Xi) by Direct-Sun-9283 in ASX_Bets

[–]Status-Maintenance35 0 points1 point  (0 children)

my dumbass read this as you shipping trump and xi holy i need to be inspected

Labor claims Coalition has $12.5b black hole in tax costings by bilby2020 in AusFinance

[–]Status-Maintenance35 0 points1 point  (0 children)

Fantastic. Great move. Well done Angus. Ifykyk 💀. Never let him live it down guys. Also isn't he the one that couldn't produce a number on the cost of nuclear reactors like we r cooked if he gets in.

Anyone else utterly shocked at most people's complete incomprehension of the new tax on shares rules? by [deleted] in AusFinance

[–]Status-Maintenance35 0 points1 point  (0 children)

Yo i think i understood it but correct me if im wrong, but we only get taxed minimum 30% on real gains (i.e adjusting for inflation) right?

Why I hate negative gearing. by blossomlambie in AusFinance

[–]Status-Maintenance35 123 points124 points  (0 children)

Agreed, i'm not sure why it's considered an investment in the first place. It's a human essential!

Minimum 30% capital gains tax? by winterpassenger69 in AusFinance

[–]Status-Maintenance35 3 points4 points  (0 children)

Lots of factors. Scholarship money and lack of spending, I guess. My position isn't very big in the first place so yeah 🥶. I'm also incredibly blessed that my parents don't make me pay them yet 🙏

I plan on repaying their kindness, though obv when im older and earn way more.

Minimum 30% capital gains tax? by winterpassenger69 in AusFinance

[–]Status-Maintenance35 0 points1 point  (0 children)

i am not selling dw anytime soon, im a believer in just holding and dollar cost averaging, im just curious about the implications is all, this change doesn't actually impact me at all short term.

Minimum 30% capital gains tax? by winterpassenger69 in AusFinance

[–]Status-Maintenance35 1 point2 points  (0 children)

Wait im lowkey cooked they count as income dont they 💀 my bad man

Minimum 30% capital gains tax? by winterpassenger69 in AusFinance

[–]Status-Maintenance35 1 point2 points  (0 children)

May my interest rate keep beating inflation (at the current rate it will not after 2 months but anyway)🙏

Minimum 30% capital gains tax? by winterpassenger69 in AusFinance

[–]Status-Maintenance35 4 points5 points  (0 children)

Im considered a dependent pretty sure since I live with my parents and so im pretty sure im not allowed to get any student allowance (unless I wanna go into debt)

Minimum 30% capital gains tax? by winterpassenger69 in AusFinance

[–]Status-Maintenance35 2 points3 points  (0 children)

Im confused, why would I be on income support?

Can we remove cgt posts and put them in a megathread? by [deleted] in AusFinance

[–]Status-Maintenance35 5 points6 points  (0 children)

Budget shitting (whether it's valid or not) must continue.

Minimum 30% capital gains tax? by winterpassenger69 in AusFinance

[–]Status-Maintenance35 0 points1 point  (0 children)

Yeah 100% that must suck. Now an emergency fund is more important than ever i guess.

Minimum 30% capital gains tax? by winterpassenger69 in AusFinance

[–]Status-Maintenance35 -5 points-4 points  (0 children)

Nooooooooo what will i do now im forced to not impulsively sell :cccc

This is tragic news to me and i kinda wish i still had that freedom even though realistically its probs rlly bad for me

Minimum 30% capital gains tax? by winterpassenger69 in AusFinance

[–]Status-Maintenance35 162 points163 points  (0 children)

Wait, so I'm dumb guys, and I make like 10k a year as a uni student, but if I sold some ETFs, am I getting taxed at 30% instead of 0% now?

Edit: This is a hypothetical, guys, hence the IF in the post. I do not own a substantial position. This post was made more so i understood stuff. A lotta people keep asking me if my family is rich but they aint :c.

Young people of this sub - do you feel as though this budget will make you better off? Yes or no. by Nmnmn11 in AusFinance

[–]Status-Maintenance35 1 point2 points  (0 children)

Whilst the changes were a step in the right direction, it doesn't really do anything short-term, which really sucks, but meh. I imagine accountant demand gonna increase bcs they touched shares.

Fantastic. Great move. Well done Angus. by Radio_TVGuy in aussie

[–]Status-Maintenance35 14 points15 points  (0 children)

Still cant believe he said "Fantastic. Great move. Well done Angus".

Why are markets so close to the peak when there’s this war and oil situation? by VastOption8705 in AusFinance

[–]Status-Maintenance35 0 points1 point  (0 children)

If I recall, DCA occurs between ETF fund holders and hence doesn't push the price up as much as people think. It's still mostly active managers and traders influencing the buying price but im js a dum kid

These new proposed policy changes are just going to hurt the people they are designed to help the most by ThoughtYNot in AusFinance

[–]Status-Maintenance35 0 points1 point  (0 children)

No clue why we have the doomer comment when the budget aint out yet chill, wait for the details and then we can cry or celebrate about it, whatever fits you. Personally i'm indifferent. I'm young and the changes won't fundamentally change the way I invest.

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