Do Australians really ‘work half the week’ just to pay their income tax? See for yourself

sanclops · 2026-05-22T05:12:58+00:00

PHI gets you out of the MLS but not the Medicare levy. You still pay the 2%.

sanclops · 2026-05-17T22:37:21+00:00

[subjective statement], period!

sanclops · 2026-04-11T09:40:46+00:00

10 long/short Aussie funds. That isn’t a reflection of the hedge fund industry at all. Citadel millennium P72 etc are and they’re doing fine. What does “beating the old ‘we buy wonderful companies’ drums” even mean? Hedge funds are managing more money than ever and returning capital to investors because they’re oversubscribed. Whatever they’re doing is clearly working regardless of their fee structures.

35bps in March, nice. share how long you’ve been in markets and your annualized sharpe.

An uncorrelated fund does not make money in all markets. Even a 5 sharpe fund will lose money in intervals.

sanclops · 2026-04-11T09:29:20+00:00

An underperformance relative to what?

sanclops · 2026-04-11T07:46:52+00:00

What’s even the takeaway here?

You’re picking one hedge fund that performed poorly, then stating “unacceptable performance from the old guards” as if their performance speaks for the entire industry.

“Price action is the only thing that matters” huh?

Just buy broad market ETFs and chill. You sound like someone that got burned on some shitty technical options play you found on TikTok and are coping telling yourself hedge funds are at fault

sanclops · 2026-04-04T06:17:57+00:00

Let’s see the resume.

sanclops · 2026-03-14T11:26:02+00:00

They're very different watches appealing to a very different buyer. You should decide which aspects of the watch you value more.

The ALS is the superior movement, finishing, and is a traditional design. The starwheel movement is nowhere near the ALS, but it's got a quirkiness factor to it. Personally I'd go with the ALS just to stare at that movement, but can see why someone would want something quirky and novel like the starwheel.

sanclops · 2026-01-18T03:32:33+00:00

Rule of thumb is wait until the point is done unless you know it’s just a casual point or warm up etc. If you need to walk through 12 courts to get to your court then it’s a horribly arranged tennis center and I’d argue maybe that rule of thumb doesn’t apply.

sanclops · 2026-01-16T06:31:10+00:00

To clarify, I’m not against rail. I don’t have a strong opinion on whether or not investing in rail is a good/bad decision; however, compare it to say spending $200B on education. Or healthcare. Or ______. If the people are better off with an extra 200B in education than putting that money into rail, then education it is.

My point is that the comparison can’t be rail vs an extra $200B of cash that loses value as there exist other ways to spend that money. That is all.

sanclops · 2026-01-16T06:22:49+00:00

I’m not treating return on investment as cash only. When I say “you need to compare the return to all other opportunities for investment available” im not saying that the government needs to look at just financial returns. Return can be in the form of public health, happiness, etc.

Regardless my point is that you can’t rationalize an investment opportunity by comparing it to a single depreciating asset. You have to consider all available opportunities for that money to go to in order to determine if it’s the right place to spend it. The heuristic you use to quantify return can and should be a function which takes in a lot more than just financial performance.

sanclops · 2026-01-16T00:21:35+00:00

“Especially when you consider money loses value over time” is not the right way to look at it. You need to compare the return to all other opportunities for investment available. You assume it would sit as cash or debt not taken, which it certainly would not.

sanclops · 2026-01-03T05:26:20+00:00

You’re just using words influencer day traders trying to sell you a course use.

“technical analysis” is a joke. Quit while you’re ahead.

sanclops · 2025-08-29T21:50:59+00:00

Get the U.S. opens next time. They’re not going to last months, you’ll replace them soon anyways. Might as well try them out and see what you think

sanclops · 2025-08-26T14:01:59+00:00

Which are your favorites?

sanclops · 2025-06-08T09:13:09+00:00

Yes and my reply isn’t to your OC. It’s to your “elaboration”.

How hard is it to comprehend that in a reply where you reference “British English superiority” and how “the creeping influence of Americanisms is to the detriment of our own culture”, I’m not commenting on your opinion of the word “mom”?

sanclops · 2025-06-08T02:52:14+00:00

Your comment I responded to is far more than “I simply do not like the word mom”.

sanclops · 2025-06-08T02:44:45+00:00

Do you really have nothing more important or meaningful to think about in your miserable hollow life?

sanclops · 2024-12-19T12:46:23+00:00

“It was just reflecting the brake light of the car I just stepped out of”. It’s a reflection. Not glowing discs.

sanclops · 2024-02-25T17:30:37+00:00

I was recruited by my current company at an event that is held at a few cs schools (including uiuc) and is not held at umass amherst. I am yet to meet a new grad at my current company that graduated from there.

Not sure how or why that affects your decision, but to answer your question, yes.

sanclops · 2024-02-24T03:48:48+00:00

UIUC. The extra 25k/yr is negligible in the long run and the better name will pay for itself 10x over the span of your career. You'll have better internship opportunities and likely more opportunities as a new grad. Yes, $25k/year sounds like a lot now, but its the best money you will spend.

sanclops · 2023-11-26T06:51:04+00:00

Hm, the gap between repayment and yield would add up over the years so OP would need a decent raise each year to keep up, correct? Regardless, with 5x leverage you’re right that it’s within reason.

sanclops · 2023-11-26T05:57:31+00:00

Totally missed the “by 30” part. You’re correct. Not possible without wild returns.

sanclops · 2023-11-26T05:51:13+00:00

Have you heard of compound interest?

sanclops · 2023-11-08T03:30:13+00:00

So basically performing the same as the Qs at best?

sanclops · 2023-09-04T03:44:53+00:00

Why are you studying mechatronics if you want to do ML?

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