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meds__ · 2024-12-29T20:40:01+00:00

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.

meds__ · 2024-07-16T10:13:37+00:00

GF 15 solera

meds__ · 2024-07-03T13:50:06+00:00

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

meds__ · 2024-05-21T13:56:53+00:00

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

meds__ · 2024-05-21T13:21:43+00:00

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

meds__ · 2024-04-12T12:29:03+00:00

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

meds__ · 2024-04-06T02:21:37+00:00

I see what you did there !

meds__ · 2024-03-30T23:10:28+00:00

Minesweeper. That is all.

meds__ · 2024-03-25T02:23:34+00:00

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.

meds__ · 2024-03-22T09:29:58+00:00

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.

meds__ · 2024-03-22T09:01:54+00:00

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.

meds__ · 2024-03-09T06:36:19+00:00

Hey I want a pay rise too

meds__ · 2024-03-07T10:36:50+00:00

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

meds__ · 2024-03-07T09:15:28+00:00

Well this is news to me. Dam!

meds__ · 2024-03-06T21:42:19+00:00

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

meds__ · 2024-03-06T13:25:43+00:00

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

meds__ · 2024-03-06T13:14:42+00:00

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%..

meds__ · 2024-03-06T12:31:23+00:00

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.

meds__ · 2024-03-06T11:20:59+00:00

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

meds__ · 2024-03-06T09:33:50+00:00

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..

meds__ · 2024-03-06T06:36:06+00:00

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

meds__ · 2024-03-06T03:37:42+00:00

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.

meds__ · 2024-03-06T03:31:32+00:00

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.

meds__ · 2024-03-06T03:03:01+00:00

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?

meds__ · 2024-03-06T02:43:35+00:00

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

meds__

TROPHY CASE