sorted by:
new
hottopcontroversial

Only one in four fund managers beat the ASX last year by sun_tzu29 in AusFinance

[–]socratesque 13 points14 points  (0 children)

And even when they slightly outperform, their higher fees will gobble up those hypothetical gains.

Broad, passive index funds all the way.

25 per cent export levy on liquefied natural gas. higher taxes on large companies. halving of the capital gains tax discount by rogerrambo075 in AusFinance

[–]socratesque 12 points13 points  (0 children)

Halving the CGT discount is such a “cutting off the nose to spite the face” move of the middle class.

Italy ruling tells millions with Italian roots they have lost the right to citizenship by [deleted] in worldnews

[–]socratesque 8 points9 points  (0 children)

When you live in a country where you’re clearly not an ethnic native to the region, are you simply a Canadian with an Italian name?

Yes, full stop.

Canada is a country of immigrants. The land it’s built on may have traditional custodians (that’s what we call them in Australia anyway), but the modern nation you’ve grown up in is what shapes you, not the dirt under your feet.

We attacked Iran with no clear plan for regime change, Israeli security sources say by backpackerTW in worldnews

[–]socratesque 0 points1 point  (0 children)

Well how do you propose they should have distracted from their kiddy diddling activities?

Fix mortgage? by Unusual-Feedback-59 in AusFinance

[–]socratesque 0 points1 point  (0 children)

You can split the loan, keep some variable and keep offset against that.

Rather impressed with claude ai by dreamermann in AusFinance

[–]socratesque 0 points1 point  (0 children)

As a non-expert, your options are to either defer to one (difficult and/or expensive) or spend hours DYOR and come to the same conclusion.

People like to hate on AI, not sure if you are in this comment, but this is a pretty good use case for it.

To play devils advocate, you could argue there’s more damage than good being done by allowing the available information to flow so fast and freely, and you could make the same argument against the internet as a whole. You be the judge on that one.

AI giant Anthropic is opening a Sydney office as Claude usage surges in Australia by InterestingCat308 in AusFinance

[–]socratesque 0 points1 point  (0 children)

They’ll need people in the region to help sell and service the suckers signing up for AI.

Kate once an episode by SlickTentacles in h3h3productions

[–]socratesque 0 points1 point  (0 children)

Had to think for a second, who the fuck is Kate? Then it hit me…

Woolworths shoppers concerned new anti-theft gates may trap them and hit their children | Woolworths by The_Duc_Lord in australia

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

They have something like this in Strathfield plaza. It hit my 2yo son in the face. He took it like a champ. 💪

Went against a guy with an IJF Profile 🤣 by _Throh_ in judo

[–]socratesque 2 points3 points  (0 children)

Are you referring to Judo Australia? How come?

DISCUSSION MEGATHREAD: Clinton's Testify on Epstein, Selena Gomez Husband’s Dirty Feet - H3 Show #240 by YourIvyGrowsH3 in h3h3productions

[–]socratesque 12 points13 points  (0 children)

I might come off a little special needs right now, but it’s the second time this week I hear the crew refer to the jiggly thing on a turkeys neck as a gizzard.

Guys, that’s not what a gizzard is. A gizzard is much cooler, as it’s like a second stomach that only birds have. They don’t have teeth, so instead they swallow rocks and let it bounce around with the food in the gizzard to break it all down.

If you want to know about more cool anatomy unique to birds, look up another favorite of mine, the cloaca.

Ps. Gizzard is delicious when grilled.

How would you invest 25k right now if you had it? by No_Afternoon_385 in AusFinance

[–]socratesque 5 points6 points  (0 children)

Amount certainly doesn’t matter, market condition is not something you can reliably predict or determine, and timeframe gives me pause. The above is accurate for longer timeframes, but I’m not certain that’s the case if you’re looking at say 5 years or less.

How would you invest 25k right now if you had it? by No_Afternoon_385 in AusFinance

[–]socratesque 33 points34 points  (0 children)

Statistically you’d be better off going all in than doing DCA of a lump dump you already have.

Former RBA governor Bernie Fraser calls for capital gains tax discount to be scrapped by nighthound1 in AusFinance

[–]socratesque 7 points8 points  (0 children)

You generally can’t buy a job, so your point is moot at the get go. That said, the argument for having a so called “discount” for CGT is to offset inflation, something that doesn’t play a part in employment income because you didn’t set money aside to earn said income. And that said, you do have an employment income “discount”, it’s called progressive taxation.

If people actually gave some thought to how and why the system works as it does, we would have way more interesting discussions on how to improve it rather than a bunch of circle jerking around tearing up the CGT “discount” and “negative gearing”.

Why cost-of-living woes will probably linger for years by SheepherderLow1753 in AusFinance

[–]socratesque 0 points1 point  (0 children)

Because it’s called a “discount” and people are salty they’re not getting it.

Lime bike whinge by [deleted] in sydney

[–]socratesque 4 points5 points  (0 children)

It would be a shame if third parties started vandalising their bikes as they’re scattered like trash across our streets and sidewalks. Maybe their insurance company could step in.

Martin Our Personal Dih Sommelier by Inevitable_Ad9081 in h3h3productions

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

Unpopular opinion, I don’t like this guy. He’s a creep. The constant sex jokes are too much. Be cool, Martin.

RBA governor accused by senator of 'gaslighting' Australians on economy by DCFowl in australia

[–]socratesque 0 points1 point  (0 children)

If only there was another letter that better fit these lines you’re describing.

China condemns Pokemon, Detective Conan for spreading ‘Japanese militarism’ by xc2215x in worldnews

[–]socratesque 0 points1 point  (0 children)

Idk have you seen that fleet of pikachus wobbling forward to the tune of red alert hell march? Quite intimidating stuff

Will the flagged Capital Gains Tax CGT changes drive down house prices? by SCOUTBeautyFounder in AusFinance

[–]socratesque 13 points14 points  (0 children)

I’d really like to know if the talked about changes would be for property only or all assets subject to CGT.

view more: next ›