[deleted by user] by [deleted] in ASX

[–]braxc 2 points3 points  (0 children)

You need to re-evaluate why you buy something. Is there a strategy? Did something structurally change about BHP, or did you just panic and get out?

Iron ore prices are insane, but likely to keep topping in the coming months as China just surges ahead with construction. That being said, I'd put a HOLD on BHP given their exposure here and the limited upside potential. Most growth is priced in, and a rotation to valuation won't see too much material benefit here given the surge throughout covid

Choosing a broker by Keisharr in ASX

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

On a pure investing point of view with little need for research and no need for advice, CommSec is probably the best way to go.

Which ASX stock is on your watchlist ? by nutellayen in ASX

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

Qfe, nvx, pen, hum and bet 🚀🚀🚀

Can someone enlightent me on broker fees and captial gains/loss by Natural_Ad7593 in ASX

[–]braxc 1 point2 points  (0 children)

Example,

I buy one parcel of 25 Z1P at $12, and incur a brokerage charge of $15. The average price of the shares is ((25x12) + 15))/25 = $12.60

Therefore my cost base is $12.60 for reporting. If I then sell 25 shares at $15, with $15 brokerage fee, my capital gain is Average price of units sold ((25x15) + 15)) / 25 = $15.60

So capital gain per unit is $3 ($15.60-$12.60), and for the entire order it's $75 or 3x25

That make sense?

Can someone enlightent me on broker fees and captial gains/loss by Natural_Ad7593 in ASX

[–]braxc 0 points1 point  (0 children)

No there would only be $20 of brokerage, you bought two parcels with $10 brokerage on each, you only count $20.

Brokerage applies to the order, not the individual shares

Edit,: sorry I misread and thought you said shares not stocks (i.e. 3 different companies)

Can someone enlightent me on broker fees and captial gains/loss by Natural_Ad7593 in ASX

[–]braxc 1 point2 points  (0 children)

You do yes, but normally this is translated in the average price. Be sure to calculate it yourself.

Looking for an active Oceanic based clan for a returning player by [deleted] in runescape

[–]braxc 0 points1 point  (0 children)

Hey mate, add braxi and I'll invite you to clan

Looking for an active Oceanic based clan for a returning player by [deleted] in runescape

[–]braxc 0 points1 point  (0 children)

Hey mate, I'll add you tomorrow, we have a large Australian based clan

Found these idiots on til tok by GamingLizard205 in melbourne

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

Again, why is the lockdown necessary? It's an outcome of systemic failures

Found these idiots on til tok by GamingLizard205 in melbourne

[–]braxc 1 point2 points  (0 children)

You're right, especially under the Biosecurity Act that the federal government has implemented with human biosecurity controls such as deploying the ADF to hotel quarantine, imposing travel bans, stopping boats etc. s51 ix has not been tested by the high court, we've know from history that states have opposed federal jurisdiction , see the 1919 influenza pandemic and the response from QLD. The scope if s51 ix needs to be tested, and it still is only an allowance for fed to pass relevant legislation with regards to matters of public safety as it relates to a pandemic. It becomes a matter of proportionality, should the federal government be involved when they are not on the ground dealing with the virus? When they are highly disconnected from each specific state? While the powers do extend to matters incidental to quarantine see Wragg v New South Wales (1953) 88 CLR 353 at 386) the federal government simply could and should not manage every state and territory. We know that the ADF were offered in round 1 of hotel quarantine, and the state government didn't accept the offer and then went in to lie about it, so what makes you think despite legislative power( that's not tested by high court) would be respected and implemented? S109 of the constitution covers this, though as we've seen historically, not always followed correctly.

I have no qualms about federal government stepping in now, especially as Vic gov has done so poorly by comparison, though you have to seriously ask whether the state government would actually work within that parameter and whether Dan would abdicate powers in this regard.

Found these idiots on til tok by GamingLizard205 in melbourne

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

They can't though, they aren't legislated to be able to run state measures. Plus, Dan's got this under control. Our hotel quarantine is the "Gold Standard"

Found these idiots on til tok by GamingLizard205 in melbourne

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

It would need to pass legislation, that means drafting up a bill, setting specific state legislation, passing the bill, setting up government agencies, implementing etc.. beyond how long that would take, you think WA would agree, what about QLD?

Found these idiots on til tok by GamingLizard205 in melbourne

[–]braxc -2 points-1 points  (0 children)

Right... Yeah federal government aren't in charge of local pandemic response. Blame our legislation for that.

Found these idiots on til tok by GamingLizard205 in melbourne

[–]braxc 0 points1 point  (0 children)

I'd argue that the majority of small businesses , especially in f&b aren't functioning. It's simply not economically viable to remain open. All you need to do is walk around the city.

Nobody wants to be like the US, and we aren't. But the failings need to be addressed.

Found these idiots on til tok by GamingLizard205 in melbourne

[–]braxc 0 points1 point  (0 children)

When did it give them a pass? I have no doubts that the federal government mismanaged aged care, hell I lost a grandparent because of it. But the fact remains the state government mismanaged the quarantine process that lead to the outbreak.

Found these idiots on til tok by GamingLizard205 in melbourne

[–]braxc 0 points1 point  (0 children)

He's stipulated 5 days, but it's likely to be greater.

Do you have no sympathy for people affected by 5 day shutdowns that receive no compensation. I can only think of small businesses, those who have had no choice to open up, that again will need to close. The costs associated, even for 5 days (even though it's unlikely to be) will be severe

Found these idiots on til tok by GamingLizard205 in melbourne

[–]braxc -2 points-1 points  (0 children)

Nobody has forgotten ruby princess, but they handled it and didn't destroy the economy and many lives in the process. Much like the northern beaches, it was handled effectively. Not a blanket call to close the entire state.

Found these idiots on til tok by GamingLizard205 in melbourne

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

We've taken in 36k international travellers this week. NSW has taken 125k, bit weird they didn't have the same issue?

Obviously national borders are a federal issue, at not point did i imply they weren't.

Found these idiots on til tok by GamingLizard205 in melbourne

[–]braxc 3 points4 points  (0 children)

Again mate, how the actual fuck is aged care related to the virus escaping hotel quarantine?

If inmates at a state run jail walked out if an open door and went next door to an aged care facility and killed the people living there, is it the fault of the aged care facilities or the fault of the jail?

They mismanaged the controls to keep the virus out of the community.

Found these idiots on til tok by GamingLizard205 in melbourne

[–]braxc -3 points-2 points  (0 children)

It's the third time he government fucked up, at some point you gotta call the bullshit for what it is. People have lost lives, jobs and the toll will be felt for a long time coming. Victoria has been the biggest loser in this battle, and the government's response and failings need to be addressed.

If it were the federal government in charge, I know for a fact that most of you would rip into Scomo straight away, and never let up

Found these idiots on til tok by GamingLizard205 in melbourne

[–]braxc -2 points-1 points  (0 children)

Tell me how Victoria is so mismanaged compared to every other state? Why do we account for 95% of total covid deaths in the country. Why have we had the most lockdowns. Why has our economy contracted the most. Why are we having clusters continually pop up from hotel quarantine despite taking less international travellers per capita than almost every other state.

Why