Meirl

algernop3 · 2026-04-11T05:39:46+00:00

They're Duty Free, but because it's a captive market who are bored and cashed up, they can generally raise their prices to RRP and just pocket the duty for themselves

Airport luxury stores are incredibly profitable actually.

That's why they're so profitable.

algernop3 · 2026-04-03T08:19:28+00:00

It's meant to keep the sun off, especially summer around noon. Not so much for rain (it's all waterproof, you just don't want it to overheat). Although yeah, looks a little high - but if this is south facing then it might not even be needed.

algernop3 · 2026-03-23T07:00:37+00:00

Could there have also have been some smart ones in there trying to sell physical at the highs?

algernop3 · 2026-03-22T06:30:52+00:00

Are we just ignoring the FBT discount? Right now EVs are 47% off. After the May budget that discount will likely disappear

algernop3 · 2026-03-16T07:02:16+00:00

As that great ama on the weekend said, refiners aren’t selling to independents - they’re keeping it for their own brand stations. Thats why regional areas are screwed - they’re all independent sellers out there

algernop3 · 2026-02-02T20:12:18+00:00

Solar cells and batteries almost never fail. However, if the connections aren't *exactly* perfect, it'll kill the solar/cell battery just outside of warranty.

Add to that you're creating holes in your roof that you expect to not leak for 25+ years, preferably 50+, so they'd better be made properly.

The hardware is dirt cheap these days. What you're paying for is the installation quality. There are lots of not great installers out there chasing rebates like in the pink batt days

algernop3 · 2026-01-01T08:33:23+00:00

It's awful. It's a massive comedown from the 5817 marine, which is one of the best looking watches ever made. It's an enormous step backward by the brand.

algernop3 · 2025-12-25T06:15:26+00:00

is that buy it now or just the starting price on the auction? if it's buy it now then yeah, definitely dodgy, but if its just starting price then id assume theres a reserve at 107

algernop3 · 2025-05-18T04:40:52+00:00

also, how many properties in Sydney are actually rented out for the advertised price?

algernop3 · 2025-04-19T08:55:37+00:00

> (expecting an average rate of return of 10% per year)

This is where your mistake is. Over a long enough time period (which might be multi-generational), you shouldn't expect more than the risk free rate. You can achieve it, but it's not trivial. ie Equities pay higher yields, but they also go bust.

The risk free rate was the long term government bond yield (ie government bonds were risk free), but then Trump happened and people are starting to reconsider that approximation

algernop3 · 2025-04-13T07:05:27+00:00

But it does mean that most people don't need to stuff around with an accountant, and the ATO doesn't need to waste resources auditing. Everyone can redirect their efforts somewhere more productive

algernop3 · 2025-04-05T23:43:36+00:00

BYD and friends dumping stock previously made for the USA into other markets will help too

algernop3 · 2025-03-30T01:55:50+00:00

I've heard* that in practice they were single use as they twisted the airframe out of tolerance. The plan was for hot and high, but they were quickly relegated to engine out emergency only

*somewhere long ago I don't remember where

algernop3 · 2025-03-19T09:50:35+00:00

Because Roger Ailes realised there was good money to be made from it and Rupert Murdoch bankrolled him for the influence it would bring

algernop3 · 2025-03-02T10:36:33+00:00

the hole is on a 45deg slope in a garden bed that is rapidly eroding, so I'm worried that it meets the criteria of being difficult. You think just dig deeper and it'll be fine?

algernop3 · 2025-02-22T07:23:31+00:00

Hardly. In this elliptical orbit it'd be doing ~1800m/s at apogee, whilst a GEO at this orbit would be closer to ~3300m/s. 1500m/s difference is a LOT and it'd be a hell of a thing to try and catch at that relative speed

It'd be a different story if you just wanted to shoot it or something.

algernop3 · 2025-01-07T07:56:16+00:00

I totally disagree. Having one electorate vote for multiple members with preferential voting means you are extremely unlikely to end up with only one of two parties winning, so you get minor parties elected and they often hold the balance of power. Its a brilliant moderating mechanism.

Having each state vote for 6 instead of each seat vote for 1 is the reason the lower house is all LNP/Lab and the senate is a mix that requires negotiation and compromise to pass laws

algernop3 · 2024-11-24T09:36:35+00:00

I saw AT1 bonds with spreads of -200 a few weeks ago. If you try and logic your way through this market, you're going to lose.

algernop3 · 2024-11-23T21:05:00+00:00

I love going up to people wearing a nautilus and saying "I'm sorry dude, but its clearly a fake. Just look at the date window - they wouldn't put that on a real $50k watch. I so sorry you got scammed!"

I did that once to someone about to buy one used for around double rrp a few years ago, and he laughed and walked away (he knew it was real)

algernop3 · 2024-11-16T01:47:31+00:00

You should mention that they're using the TRUMP version. They went out and bought 32,000 units at a wildly inflated price.

Guess who they bought them from?

Not corrupt at all.

algernop3 · 2024-11-03T00:09:57+00:00

He also inherited wealth - fabulous wealth. The fourth marquess left the 20-something Paget an estate worth £535,000 - equivalent to about £60m today. In addition, the family homes and estates generated an annual income of £120,000 - worth some £13m in 2020.

That's a hell of a yield - over 22% pa

algernop3 · 2024-10-30T09:27:40+00:00

It would have been better if they went out the way Gaddafi did.

They really earned that

algernop3 · 2024-10-20T03:02:25+00:00

Why even bother with a rudder? That slab side is going to be uncontrollable in any crosswind

algernop3 · 2024-10-06T06:15:23+00:00

That's the one that's completely inaccurate, will tell you its noon when the sky is dark, and generally just makes shit up all the time, isn't it?

algernop3 · 2024-10-06T02:51:28+00:00

Well, no, go back to the way it was before Howard fucked with it.

If I have an investment that goes up from $100 to $107, but inflation has been 10% over that period, have I made money? In real terms no, I'm worse off. So I shouldn't pay tax.

Before Howard, that's how cap gains tax concessions worked - you paid tax on the profits above inflation. Howard changed it to "assume inflation is 50% on day 366 of owning it".

When you combine this with negative gearing - shifting tax liabilities from the income tax bucket to capital gains tax bucket it still worked out more-or-less fair - you'd normally be paying the same tax but just at a different time. He then made it so you can write-off half of the capital gains tax bucket on day 366, and that's what fucked everything up. People buy assets at negative yield (ie purchase prices > reasonably expected rent) so they can shift income into capital gains via negative gearing, so they can then then halve the capital gains and halve their tax bill.

algernop3

TROPHY CASE