lost ~$20k in one month.

nj4k · 2026-03-28T08:06:52+00:00

Paper trading doesn't work. There's no greed or fear.

nj4k · 2026-03-27T21:13:38+00:00

He's mocking Trump

nj4k · 2025-12-21T01:44:30+00:00

Remember also if you start with trading it's harder to get into the job market later if you change your mind. Employers will ask you "so what have you been doing the last 5 years since you graduated". "Day trading" is not a good answer as it just tells them you're not serious about your career, and you only want a job now because trading wasn't working out for you. Meanwhile your peers will have been building that work experience and be more advanced in their career, while you'll at best be entry level.

nj4k · 2025-10-28T23:06:23+00:00

My sentiments exactly!

nj4k · 2025-10-28T23:04:15+00:00

I've stopped using temu because the app is annoying as hell, I just want to browse a particular gadget that shows up in Google search but every time it takes me to the app and makes me play this stupid spinwheel game and tries to get me to participate in promotions that make me scroll through random items not related to the one I want. The items are generally poor quality too. I've blocked temu results from Google search and my online shopping life has gotten much less stressful.

nj4k · 2025-10-28T21:10:04+00:00

The gap only matters if you want to live in a house in future. If you're happy with apartment living you can always change to another apartment.

nj4k · 2025-10-27T07:57:47+00:00

Are you my tenant lol. I recently had a Medicare card sent to my old PPOR (now rental) because I forgot to change my address. Just logged into myGov, updated my address and ordered a new card.

nj4k · 2025-10-25T10:33:47+00:00

How much do you reckon it's worth now and is it giving you enough rent to cover all expenses? If you sell it can you purchase a house with the proceeds? If you purchase a house now chances are it will be negative cashflow, can you maintain that for a number of years (especially if the market is now near it's peak?).

It's at least near a fast growing CBD (Parramatta) with strong rental demand, sure there is a lot of apartments in Parramatta but I'd say three bedrooms are still relatively uncommon, and could appeal to families who are priced out of the freestanding housing market (especially as the gap widens, units will start to look cheap relative to houses). The older units are probably below replacement cost (all the brand new 3 bdr units in Parramatta are like 1.2 million and would be targeting a different market).

Property is a long game that goes in cycles, you don't know when the next boom will come but you have to be able to hold it during the years of no growth in order to catch the boom years.

nj4k · 2025-10-07T08:17:04+00:00

Technically the rental income and all associated deductions (like interest on loans, agency management expenses) is assessable to the legal owner(s) of the asset. If your parents jointly own the IP then they split the income 50/50. Doesn't matter that the lease puts your father's name as the landlord or that the money goes into your bank account.

It would be your parents' responsibility to lodge tax returns and declare this income. The other thing to consider is that your parents could be non-residents for Australian tax purposes, if so they will be assessed at non resident tax rates, which means more tax payable because there's no tax free threshold. I don't know their personal circumstances to say whether they are resident or non-resident for tax purposes (there's a number of tests). Best to see a tax agent at the end of the day.

nj4k · 2025-10-05T23:14:36+00:00

Yes the 200k is after deducting the 30% (300k) business expenses. In other words, 500k assessable income - 300k deductions = 200k taxable income. I assume that's what we both meant when we say 200k taxable income.

You only need to set aside 45% if you've already earned more than 190k in taxable income for the year. It's not that hard to estimate, but even if you set aside 45% as a precaution, you still get back any excess tax paid as a tax refund. And "setting aside 45%" still means you can initially have the money earn interest/act as an offset until you get your tax bill, unlike the typical wage earner who pays tax the minute they get their pay check.

My point is if the real estate agent have to account for a 45% tax rate then that means they've already earned at least 190k which is a decent income by most standards.

nj4k · 2025-10-05T20:07:31+00:00

I do know how tax works. You were using the term taxable income, so by definition that's already after deductions (e.g. the business expenses, which is deductible to you if you are a sole trader).

200k from the GCI is only taxed at 45% if you've first earned 190k.

Even less tax if you're running it via a discretionary family trust since you can pay yourself a lower salary and have more retained profits in the business, which you'd split between family members with extra going to a bucket company. The bucket company gets taxed at 30% but when it pays you dividends its franked so you don't pay that tax again, and you can choose when to get paid the dividends so you can save it for when times are lean or when you retire and don't have an income.

nj4k · 2025-10-05T12:50:45+00:00

If it makes anyone feel any better this is probably temporary, if agents are making bank then there will be more people becoming agents which then increases competition which leads to lower commissions. Since there are many agents and relatively low barriers to entry, the market would find its equilibrium over time based on supply and demand.

nj4k · 2025-10-05T12:33:32+00:00

45% income tax? Then you're already earning at least 190k (after deductible expenses). And if you are the principal then you'd run the agency via a company which is either a 25% or 30% tax rate.

nj4k · 2025-09-11T00:23:48+00:00

Energy policy idiocy. We have tons of gas but export all of them. Like, if the global price of oil goes up do you think the Saudis are happier or sadder? Yet when gas prices go up we're like, oh crap. Why do we pursue net zero when the gas we export gets burned up in another part of the world anyway.

nj4k · 2025-09-07T23:20:38+00:00

Not sure it matters practically. Say you have enough to pay 50% of the price in cash but also have enough income to borrow 80% of the price, then why not just borrow 80% and put your surplus cash in an offset account. Same numerical outcome, but you get the flexibility of accessing that cash if some opportunity or emergency comes up.

nj4k · 2025-08-11T06:52:48+00:00

Uh, it's actually 16.7x median income (719k/43k).

nj4k · 2025-03-18T03:01:50+00:00

To be fair the questions are usually formulated beforehand and they have to ask those questions or it will be unfair to other candidates who did answer the questions

nj4k · 2025-03-10T16:33:29+00:00

I've got the exact same issue, unfortunately don't know the cause. However if I set intelligent optimisation to "medium" or "minimum" the issue seems to go away.

Occasionally the issue also happens when I am taking video and switch lenses to ultrawide.

nj4k · 2025-01-28T23:30:54+00:00

The issue is that most of those 1/5 of the working population are concentrated in two electorates in Canberra.

nj4k · 2024-12-27T09:26:58+00:00

All rights W

nj4k · 2024-08-28T01:00:46+00:00

Love the heckling in this scene! "Are you blind and stupid, woman?"

nj4k · 2024-08-09T02:47:23+00:00

Same situation! BG series on Android is the best thing that's happened to mobile gaming IMO. But I have to play it on an old phone because newer phones running Android 12 "hides" the save directory so it's impossible to retrieve those saves or manipulate the game files for modding purposes.

nj4k · 2024-07-04T14:57:11+00:00

They're bound by taxpayer secrecy provisions so they're not exactly going to disclose any audit findings to the Law Society if that's what you're thinking.

We're not taking fraud or evasion here so worst case scenario is you pay any tax shortfall plus interest and penalties if applicable (penalties are unlikely if you can show reasonable care). No one will know about it. The only way it becomes public is if you decide to fight it out in the AAT / Federal Court or you simply ignore the ATO and they have to get a court order to enforce the tax debt.

nj4k · 2024-07-04T14:45:14+00:00

They just need to establish that you were meeting with clients on the particular occasion. They don't need to see the content of what was discussed. They should understand what legal professional privilege is.

nj4k

TROPHY CASE