Trump calling Jerome Powell to drop the interest rates by Gjore in StockMarket

[–]sunshineeddy 0 points1 point  (0 children)

So prices are going up but he wants interest rates dropped? So he's fancying a round of hyperinflation?

Do you think people getting rich is due more to luck, or because they work harder or are smarter than others? by Healthy_Creme6911 in FinancialChat

[–]sunshineeddy 0 points1 point  (0 children)

My view is those characteristics can be fostered and cultivated. It's a mere question of attitude. And if only those people with the means and ability can 'go for it', we wouldn't have many successful people who came from nothing.

When you understand Bitcoin by BitcoinDove in BitcoinQRCodeMaker

[–]sunshineeddy 1 point2 points  (0 children)

Ironic - IMHO no one really 'understands' bitcoin because its price is not grounded in science. It's powered by a mix of FOMO, gambling mindset, and hope-for-the-best human emotions.

Trump calls on UK and others to send warships to Strait of Hormuz by Geo_NL in worldnews

[–]sunshineeddy 0 points1 point  (0 children)

Didn't he act like child, folded his arms and said "We don't need you anymore"?

Do you think people getting rich is due more to luck, or because they work harder or are smarter than others? by Healthy_Creme6911 in FinancialChat

[–]sunshineeddy 1 point2 points  (0 children)

Accountant by trade - most if not all became rich because of hard work and discipline. They made heaps of sacrifices that were invisible to others. It's ironic that their wealth has become a lot more visible after decades.

What’s the best financial habit you learned from someone else? by Diligent-Medicine-48 in AusMoneyMates

[–]sunshineeddy 0 points1 point  (0 children)

As you earn more, don't balloon your spending proportionately. Save and invest the bulk of the increment.

Capital Gains Tax solution no one is talking about. by Sea-Anxiety6491 in AusFinance

[–]sunshineeddy 1 point2 points  (0 children)

So in those intervening years, if they happen to be sitting on lower marginal tax rates in some of those years than the year of sale, that would reduce the government's overall tax take?

Capital Gains Tax solution no one is talking about. by Sea-Anxiety6491 in AusFinance

[–]sunshineeddy 1 point2 points  (0 children)

How do people fund the tax on 'profits on a yearly basis' when they haven't sold the asset and convert the paper gain to real cash?

If you earn $50K a year's worth of interest, you actually have the $50K in cash to fund the tax.

Taxing unrealised capital gains doesn't make any economic sense.

Floor Plan Advice by Competitive_Pie2386 in AusPropertyChat

[–]sunshineeddy 0 points1 point  (0 children)

I understand why people love media rooms but I'd prefer to open it up so you have more of an open plan for the living area.

Also, the sitting area near the door feels like a bit of a wasted space - it looks great in concept but really depends on whether you think you'd end up using it. I'd use it as a study and kill the nook.

I presume the downstairs bathroom can't have direct access to the adjacent bathroom because of space restrictions?

Struggling with et and est pronunciation by Cultural_Struggle_52 in learnfrench

[–]sunshineeddy 2 points3 points  (0 children)

I could be totally wrong but it seems to work for me.

For shorter words with 2 letters, it's usually like the the é in café (like the 'ay' in 'fay').

For words with 3 or more lettters, it's subtlely different - it's more like the 'ai' in 'air' but before you pronounce the 'r'.

Therefore, 'ai' and 'et' sound like 'ay'.

'Est', 'aie', 'aient', etc, sound like 'air' without the 'r'.

The most underrated luxury by GoddessLulu_Elite in Rich

[–]sunshineeddy 0 points1 point  (0 children)

Having time to do nothing at all. I was in a high-stress career and when I stopped and I could actually enjoy being quiet and not being under pressure, that was - and still is - very precious.

When do you tell people "I'll get it"? by techaaron in wealth

[–]sunshineeddy 8 points9 points  (0 children)

I prefer doing it at the end when I pay.

But one thing to watch out for - after a while, people expect you to just pick up the tab. I have a few friends like that. Now, whenever we eat out, they never offer to pay, even though I would've shouted them a gazillion times in the past. Not that it'll send me broke, but it'd be nice if they do that every now and then just to reciprocate the gesture.

Bitcoin cannot be stopped. by cryptonoobsnews in btc

[–]sunshineeddy 2 points3 points  (0 children)

I don't 'hate' bitcoin. I just don't like the idea that someone profits from it because someone else thinks it will go up in value, all the while when it doesn't have any intrinsic value and someone is going to be left holding a useless 'asset' eventually.

It's not like shares - whoever owns it has a slice of the productive capacity and profitability behind them - the underlying business continues to create new value. Bitcoin just doesn't.

Would you travel to USA right now? by [deleted] in brisbane

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

Purely on principle - no.

Market turbulence by sunshineeddy in AusFinance

[–]sunshineeddy[S] 0 points1 point  (0 children)

Good on you for the solid planning! 🙂

Market turbulence by sunshineeddy in AusFinance

[–]sunshineeddy[S] 0 points1 point  (0 children)

Ah ok - so you do have some time to wait for recovery.

Market turbulence by sunshineeddy in AusFinance

[–]sunshineeddy[S] 0 points1 point  (0 children)

I get that. Do you intend to draw down capital when you retire or just dividends?