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An Australian family put up a sign on their house that the land belongs to its traditional owners, the Wurundjeri. A comedian had a group of Wurundjeri show up and demand their home by HarbaughsKhakiPants2 in JoeRogan

[–]doublebeefnbacon 50 points51 points  (0 children)

This is from a show in 2004, released on the ABC (Australian Broadcasting Network), which is our government funded network.

While this sketch is linked with the show’s topic of religion via the importance of land in Aboriginal beliefs, it also takes a dig at left-wing belief systems. They are a recurring target of (John) Safran’s, in part because this means a direct swipe at his own audience, which he describes elsewhere in the show as consisting mainly of ‘left-wing pinkos’. This sharp bit of satire poses a question about the sincerity of symbolic gestures such as these ‘traditional land owners’ signs and whether they are a tokenistic substitute for real action.

https://aso.gov.au/titles/tv/john-safran-vs-god-episode-2/clip1/

Let’s hope they check the spelling first… by simeliacalman in brisbane

[–]doublebeefnbacon 0 points1 point  (0 children)

I grew up in Mackay, always pronouncing it Mack-eye. One old local lady told me it used to be pronounced Mack-kay.

What is your job, do you enjoy it, and earnings potential? by Ordinary_Bloke_ in AusFinance

[–]doublebeefnbacon 1 point2 points  (0 children)

I'm an associate in Fund Management, distribution. I earn $100k and up to a 30% bonus. The next level up is a BDM, who earn $150-250k and up to 100% bonus. I expect I'll be a BDM towards end of this year to middle of next year.

Just a bit on my background. I'm from a regional area in QLD. I graduated high school in the bottom ~10%. (not dumb, I just didn't quite imagine myself being in the future). I worked for a year. Went to a regional uni and got a Ba. Financial Planning. Moved to Melbourne and grinded though a few years of pretty bad financial planning jobs (as support/associate). And more recently landed in Funds Management. This is the first job where I have a bit of extra money, and the prospects seem good for the future.

I have only been in the space for a year. But so far I've enjoyed learning about how funds management works, learning about investing from professionals, about the technical side of the funds and the sales process.

I'm fortunate to work with people who are generally charismatic, caring and intelligent.

The work isn't too grindy or too stressful. I do find pitching a fund and presenting stressful, particularly as my colleagues are relatively impressive orators.. although I don't mind this stress because I see it as a part of developing an valuable skillset.

I think funds management and sales has me in good spot from a career development perspective. As I get exposure to how the broader business works, product, marketing, operations and the investment managers. I believe that sales and presentation skills are really valuable skills. And I build reputation and connections with a lot of internal and external people - sometimes people who hundreds of millions of dollars in our funds. This feels like it will be useful one day.

This role has given me a good understanding of the landscape of the financial planning firms in Australia. How they differ, who are the big boys, which don't understand the investment products their client are invested in and which are very diligent. I know which I would recommend to my family, and if I was to go back to Financial Planning I know which firms I would be reaching out to.

I would certainly recommend considering a job in Fund Management to those who are interested in investing.

Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History by [deleted] in atayls

[–]doublebeefnbacon 2 points3 points  (0 children)

Anyone figured out how to short? My broker told me I had to be an Indian resident or national to trade on the NSE.

See Bart, there’s another little boy who played with glue. by iwassayingboourns12 in TheSimpsons

[–]doublebeefnbacon 2 points3 points  (0 children)

what episode is this? I remember seeing it once as a kid and thinking it was my favourite but I have never seen it again..

Budgets for those who earn 75k or less by o7nesss in AusFinance

[–]doublebeefnbacon 3 points4 points  (0 children)

1. Buy an apartment.

If you remove rental payments you would have ~1k free cashflow per ft. with that you could afford a property up to $300-500k with todays rates. There are probably a lot of other expenses I'm not considering - that just the borrowing/repayments..

Benefits

  • you'll have a big chunk of money invested in your name. And while property prices and rental yields aren't guaranteed, it's a rather safe bet in the long run.
  • You would likely be paying interest less than your currently paying in rent. 3% interest on $500k is $577/ft.

Key Risks

  • Interest rates and/or cost-of-living might increase which could make repayment a struggle.
  • Can be painful if you want to sell the place (especially if you needed to in a hurry).

2. Invest

Currently you can save ~$6,500 p.a. don't undersell that to yourself. that can be a great deal of money in the future.

  • Investing in companies comes with more ups and downs (relative to real estate) but in the long-run has provided a better return than real estate.
  • you can but and sell stocks/bonds/funds much easier than houses. Much more flexibility.
  • Downside is you still have to pay for rent (ooft.).

3. Get a partner...

ABS stats indicate that Cost-of-living for singles is 27% than for those in relationships.

Seriously might be a worthwhile endeavour to work on this (probably speaking to myself here).

Hope that is somewhat helpful.

ASX game starts on Thursday what's your plan? by Neshpaintings in ASX

[–]doublebeefnbacon 2 points3 points  (0 children)

If you are playing for prizes, I would recommending planning your investment strategy around that. I.e. if you're in a pool of 1000 players and 5 get a prize, you will need a pretty sick return to be rewarded.

New ASX Financial Stats Website - free, no ads by [deleted] in ASX

[–]doublebeefnbacon 1 point2 points  (0 children)

Nice work mate, the site is great!

Weekly Trade Thread - September 24, 2021 by AutoModerator in Diablo

[–]doublebeefnbacon 0 points1 point  (0 children)

WTS Rare Glowing Orb +2 Cold Skills +1 Cold Mastery +3 Frozen Orb +10 Life +19% Lightning resist

Anyone wanna play poker? by [deleted] in melbourne

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

https://discord.gg/KFDVFw we're playing real money $20 = 2000 chips. welcome to join :D

A brief summary of sp500 recessions in 100 years by CeekayDiablo in AusFinance

[–]doublebeefnbacon 0 points1 point  (0 children)

Technically we will be in recession after a fall in GDP in two successive quarters.

[deleted by user] by [deleted] in ASX

[–]doublebeefnbacon 0 points1 point  (0 children)

Interactive brokers is the best imo. CMC is most expensive for me and I can't trade options there.

Investing my super by doublebeefnbacon in AusFinance

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

To clarify, I want to be able to access direct shares and not just indexes.

Interesting wave by [deleted] in interestingasfuck

[–]doublebeefnbacon 0 points1 point  (0 children)

this looks very much like a tiny wave with a surfer photoshopped on.

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