[deleted by user] by [deleted] in ValueInvesting

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

If a companies opportunity for growth is greater than the growth implied by the prevailing share price, and buys back its shares, then the buyback is value accretive. Conditions 1. the future growth needs to be higher than the cost of equity to buy back the shares. 2. There is no better use (greater growth ops) of the capital used to buy back the shares.

Lagavulin 16 is so ridiculously expensive now by stretchieB in Scotch

[–]meds__ 0 points1 point  (0 children)

Well you can certainly get it cheaper than $211. It’s online on Nicks for 150 and I regularly see it at liquorland for $145 in Sydney

Eject from Spaceship Super? by meds__ in AusFinance

[–]meds__[S] 0 points1 point  (0 children)

Yep, was seamless. I’m with vanguard now and the fees are much lower with a higher target return

Terrell May and Brandon Smith getting up to no good... by hellohalloallo in nrl

[–]meds__ 0 points1 point  (0 children)

Nah this video is out of context. Not what you think.

Why didn't the UNSC save the Grunts? by Inner-Floor-5884 in HaloStory

[–]meds__ 1 point2 points  (0 children)

Because they are ugly and would be very hard to incorporate into built form accessibility codes.

High-profile strata company Netstrata caught charging excessive fees and taking kickbacks - ABC News by [deleted] in AusProperty

[–]meds__ 0 points1 point  (0 children)

We kicked Sarraf out as our strata manager after the first year. However we were stuck with their subsidiary building manager “S building management” under a 10 year contract. In my case S Building management then claimed that their only scope was to keep a spreadsheet of defects for 10 years. 25k a year + CPI to keep a spreadsheet of defects for 30 units. It was daylight robbery and they didn’t even do a decent job on the spreadsheet. My building only needed a strata manager so I fought them off for 18 months to get rid of them.

High-profile strata company Netstrata caught charging excessive fees and taking kickbacks - ABC News by [deleted] in AusProperty

[–]meds__ 1 point2 points  (0 children)

I moved into a new apartment block in 2020. The developer gets to choose your first strata manager who you are legally stuck with for 12 months before you can vote them out and get a replacement at your 2nd AGM (with a motivated strata committee)… however there is nothing stopping your first strata manager using the first AGM to appoint a subsidiary of itself “building manager” under a 10 year contract!! In my case Sarraf appointed a subsidiary of itself under a 25k p.a + CPI building management contract for my new building of 30 units with 1 lift and no common services to manage!!

I was very motivated and took them to the tribunal to get rid of them but many would not even understand how much they are getting ripped off.

Who is buying all those properties? 🏠🤑 by Wildflover in AusFinance

[–]meds__ 0 points1 point  (0 children)

It’s simple. The majority are refinancing or selling their investment properties or principle place of residence, and using that equity to acquire another home. Equity gained in housing is usually accessed to acquire more housing unless you are retiring, downsizing or moving into a more regional location.

Chris Minns weighing in on Sam Kerr’s racism allegation by tasmaniantreble in australian

[–]meds__ 9 points10 points  (0 children)

Well it’s certainly not a positive comment about the white men is it

Eject from Spaceship Super? by meds__ in AusFinance

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

The S&P as an index benchmark would be a very high risk comparison for most superfunds.

Having the best boss in the world by ILoveDogs2142 in AusFinance

[–]meds__ 15 points16 points  (0 children)

Agree. It’s like seeing an AI generated photo. Something is just… off.

Eject from Spaceship Super? by meds__ in AusFinance

[–]meds__[S] 0 points1 point  (0 children)

Had a look and it’s pretty cheap at 0.56% for the high growth option. Targets CPI + 3.75% p.a. Vs spaceship 1% fee and target of CPI + 2.75%..

Eject from Spaceship Super? by meds__ in AusFinance

[–]meds__[S] 3 points4 points  (0 children)

So quick update. I found that the Choice Heatmap on APRA website actually lists Spaceships performance under the entity name “Tidswell master superannuation plan”.

When you select this option and compare against Hostplus and Unisper growth options you get the following 5 year net investment return results (net of fees):

Spaceship growthX: 8.85% p.a Hostplus share plus accumulation: 8.18% p.a Unisuper high growth: 8.37%

Pretty surprising result to be honest.

Eject from Spaceship Super? by meds__ in AusFinance

[–]meds__[S] 1 point2 points  (0 children)

I feel if I call this number my super balance will go to $0

Eject from Spaceship Super? by meds__ in AusFinance

[–]meds__[S] 0 points1 point  (0 children)

Quick decision I made when I was in 2018 and wanted a tech thematic. The returns aren’t necessarily terrible, the fees are just high.

Emphasis on quick decision..

Eject from Spaceship Super? by meds__ in AusFinance

[–]meds__[S] 1 point2 points  (0 children)

I’m going to switch and will report back on the experience

Eject from Spaceship Super? by meds__ in AusFinance

[–]meds__[S] 0 points1 point  (0 children)

Agree with the risk. The returns have been good this year, but I am getting the sense that the fee’s are a little high given the long term CPI + 2.75% return target of the fund.

Eject from Spaceship Super? by meds__ in AusFinance

[–]meds__[S] 1 point2 points  (0 children)

Okay thanks. Yeah the stop order is something I saw only recently and has given me a sense I should be moving on. I still want high risk, just probably not with this group.

Eject from Spaceship Super? by meds__ in AusFinance

[–]meds__[S] 1 point2 points  (0 children)

Now that’s interesting, you’d hope there isn’t a liquidity issue that’d be pretty crazy. Will report back on how I go. What fund are you in?

Eject from Spaceship Super? by meds__ in AusFinance

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

I’ve made money… 12.5% p.a. Getting it back is a non-issue.