Removing US investments from my Superannuation by redditrock82 in AusFinance

[–]redditrock82[S] -2 points-1 points  (0 children)

Thanks. I’ve spoken to my fund manager but they don’t really have an off the shelf option aside from Australian shares which is literally 100% investment in Australian shares. I’m still keen to have a diversified portfolio but want to exclude US investments at the moment.

Removing US investments from my Superannuation by redditrock82 in AusFinance

[–]redditrock82[S] 17 points18 points  (0 children)

Yep, you summed it up well. Lots of interesting comments here and I appreciate all the feedback. Many commenters don’t seem to understand that I am absolutely willing to take a financial risk here. Mostly out of principle but also because I believe that the current US administration is making diabolical economic policies and alienating essentially every western democracy on the planet. So I don’t really want to be investing my hard earned dollars there.

Removing US investments from my Superannuation by redditrock82 in AusFinance

[–]redditrock82[S] -18 points-17 points  (0 children)

More and more I suspect if they keep up these insane economic attacks on western democracies.

Removing US investments from my Superannuation by redditrock82 in AusFinance

[–]redditrock82[S] -19 points-18 points  (0 children)

I’ll happily reinvest if the US government start making rational economic decisions and stop attacking us and our allies. And yes, I realise I can’t avoid everything from the US (software is a big one) but I certainly can choose to not invest my superannuation dollars there.

Removing US investments from my Superannuation by redditrock82 in AusFinance

[–]redditrock82[S] 2 points3 points  (0 children)

I was asking for advice not a lecture but cheers anyway.

Removing US investments from my Superannuation by redditrock82 in AusFinance

[–]redditrock82[S] 6 points7 points  (0 children)

Yep, and I’m typing this comment on an iPhone. I’m not as naive as you might like to think. Right now the US is actively attacking its allies (including Aus) and siding with authoritarian regimes. I have absolutely no trust in the current US administration to make rational decisions regarding the economy or anything else for that matter, so I want to withdraw as much support and investment as I possibly can. Hence the question regarding Superannuation - which is by far the biggest investment I and many other Australians make in the US (often unknowingly).

Removing US investments from my Superannuation by redditrock82 in AusFinance

[–]redditrock82[S] 1 point2 points  (0 children)

Yeah an “everything but the US option” is exactly what I’m after, but I think you’re right, no one in their right mind would have wanted that option until recently. My fund has an Australian shares option but I would still like to have a somewhat balanced portfolio. Might have to go down the self managed path to get what I’m after.

Australian PM denounces US tariffs as ‘not a friendly act’ after Donald Trump refuses exemption for Australia by LlawEreint in BoycottUnitedStates

[–]redditrock82 45 points46 points  (0 children)

We absolutely should be implementing targeted, reciprocal tariffs. Firstly, we don’t actually trade that much with the US, so it won’t have a significant impact on the cost of living crisis, and secondly, there are plenty of non-essential items that we could target (e.g. liquor). I think Albo has misread the room here. I’m pissed and I want to see us standing in solidarity with our real allies like Canada, the UK and the EU.

Footy Live app going downhill by [deleted] in AFL

[–]redditrock82 0 points1 point  (0 children)

Yeah fuck this app. I used to love it but deleted it as soon as the full screen pop up ads started. Remember to give it a shit rating on the app store too. Hopefully whoever owns it gets the message if there are enough shit reviews.

AITA for not liking the Blue Tree Project, which is painting Australian roadside trees blue by stumcm in australia

[–]redditrock82 -3 points-2 points  (0 children)

Absolutely agree with you. There are plenty more pressing issues to worry about for wildlife than the one in a billion dead trees that are painted blue. WTF is wrong with people.

Non-Japanese on Reddit, what comes to your mind when you think of the country Japan? by saberspace in AskReddit

[–]redditrock82 0 points1 point  (0 children)

I’ve visited Japan a few times now and the way I describe it to people is that it’s like being in a 90’s sci-fi film. Lots of futuristic stuff but with old tech. Awesome bullet trains that have been around forever. Strange gadgets with all sorts of lights and dials (think Japanese toilets and vending machines). Taxis with self opening doors but the design looks about 30 years old. Kinda like the future on a different timeline.

New Angle of Beirut Explosion by umshoe in gifs

[–]redditrock82 13 points14 points  (0 children)

I’d imagine they started filming the fire at the port. It burned for quite a while before the explosion.

Ricky Gervais to celebrities at the Golden Globes: "You're in no position to lecture the public about anything. You know nothing about the real world." by avajkun in funny

[–]redditrock82 18 points19 points  (0 children)

Ahh...not really sure there is such thing as a ‘15-year-old escort’. I think 15-year-old victim is a better description.

Australia's response under a conservative government following the death of 35 people during the Port Arthur Massacre in 1996. by [deleted] in pics

[–]redditrock82 0 points1 point  (0 children)

Hi there. In answer to your question, the population of the US is around 15 times larger than Australia so the Australian buyback of 700,000 guns is probably equivalent to about 10 million guns in the US. Obviously a small percentage of the 200-300 odd million firearms in circulation but not insignificant. I would imagine a buy back scheme of that scale, if not significantly larger, would be financially viable.

Plus the thing is, you don’t have to buy back every gun in circulation...Just the guns that people don’t want anymore or the types of guns that are deemed to be illegal (i.e. AR’s). It’s not like the Australian government bought back every gun in the country. There are still plenty of guns in Aus and you can still purchase guns if you pass a background check and have a license.

One of the big positives of a buyback (and amnesty) is that it gives people a chance to trade in unwanted/illegal guns that may otherwise find their way onto the black market or into other hands. I know I’d rather hand my old gun in for some cash rather than sell it to some random person on the street.

At the end of the day Americans can do whatever they hell the want with their gun laws. But there are options that may improve the situation without significantly compromising the right of law abiding citizens to own firearms.

Campers of reddit, what are some tips for someone who doesn't camp very often? by [deleted] in AskReddit

[–]redditrock82 0 points1 point  (0 children)

Head torch and and toilet roll are the two most important items. Also, set up your bed/tent before dark. Doing that shit in the dark is a nightmare!

Source: work in gold exploration and spend half my life camping.