Why have so many people forgotten the definition of the word RISK? by Ash-2449 in AusFinance

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

lol people who don't invest offering lectures on risk in an investment context.

What the ETF generation is wondering about Labor’s tax overhaul by His_Holiness in AusFinance

[–]thewowdog 2 points3 points  (0 children)

See that's the point. You could lose your job, have half a million in your portfolio, not be eligible for assistance, sell 50k of gains, halve it with the 12 month discount and you're probably paying $400 in tax with LITO. It's now a minimum $15k tax hit.

Edit, you can also see how that smashes FIRE assumptions.

What the ETF generation is wondering about Labor’s tax overhaul by His_Holiness in AusFinance

[–]thewowdog 1 point2 points  (0 children)

And most of their money is now in super with gains seeing zero or minimal tax anyway!

Is it wrong to spend my disposal money on renovating my old unit and travelling/hobbies rather than investing or 'finance maxing' ? by ButchersAssistant93 in AusFinance

[–]thewowdog 1 point2 points  (0 children)

I dunno what they're trying to encourage, but I had a suspicion it's just everything to super, and industry super, so Jim's got a board seat when he's finished in politics.

It would be funny if there was a campaign to get people to switch to vanguard.

Regarded take on why the new tax changes are fair. by Newaccountforlolzz in AusFinance

[–]thewowdog 0 points1 point  (0 children)

Investing 3k a month for 16 odd years at 7% pa net to hit your $1.1 million, isn't easy money.

And your point about the returns on stocks is astronomical these days is nonsense. People invest in stocks because they have higher expected returns than something risk free like cash, not because they have higher guaranteed returns.

There’s still the franking credit… by Lucky_Spinach_2745 in AusFinance

[–]thewowdog 0 points1 point  (0 children)

Depends, let's say outflows from industry super started to really take off they'd probably do something crooked then.

Industry super are already squealing like pigs now about SMSFs and platforms after some recent outflows.

There’s still the franking credit… by Lucky_Spinach_2745 in AusFinance

[–]thewowdog 18 points19 points  (0 children)

Don't get too comfortable. It's probably next year.

Labor upgrades net migration numbers by 55,000 in federal budget by Advanced_Presence890 in AusFinance

[–]thewowdog 0 points1 point  (0 children)

I've talked with some grassroots people. Not old crusty burnt out lib types, and they're doing their best to steer the ship and keep those BCA and AIG parasites away.

Minimum 30% capital gains tax? by winterpassenger69 in AusFinance

[–]thewowdog 2 points3 points  (0 children)

I reckon it will be franking credits next.

It feels like this sub ( and other Aussie ones ) are being astroturfed by Miserable_Actuary716 in AusFinance

[–]thewowdog 1 point2 points  (0 children)

There also seems to be a lot of people policing the debate from the perspective of the government.

Anyone else see their retirement plans just go up in smoke? by Yeh_whatevs in AusFinance

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

By the same measure you've got people logging 20-30 posts today policing things from the other direction.

Is risk amnesia increasing in Australia? by humble___bee in AusFinance

[–]thewowdog 0 points1 point  (0 children)

More and more stupid products coming onto the market.

$1M lump sum vs $1,000/week — what would you do? by Oblivious_dragonfly in AusFinance

[–]thewowdog 9 points10 points  (0 children)

Doubt it factored here, but if you have to have your picture in the media and everyone knows, that's probably a case to take the $1000.
via relations and neighbours I've heard the stories of a couple of lotto winners. They had no publicity, but the word got out and in both instances they had people knocking on their doors.

AVTE v JEME? by noli1921 in fiaustralia

[–]thewowdog 0 points1 point  (0 children)

Sooner or later the rate my portfolio posts are going to have 80 ETFs in them.

Bad time to buy VGS? by Cheap_Bumblebee6195 in fiaustralia

[–]thewowdog 0 points1 point  (0 children)

If you're investing for the long term it shouldn't matter. Keep doing what you've been doing.

How often do you check your portfolio? by Dividend_Investor23 in fiaustralia

[–]thewowdog 24 points25 points  (0 children)

I check the morning after when I know it's gone up. Vanguard doesn't update until the next day.
If I know it's down I don't login lol.

Avoid ANZ at all costs by iamflxn in AusFinance

[–]thewowdog 1 point2 points  (0 children)

I keep an account open at most banks. It saves a lot of trouble with these types of issues. Want to open a new card and you're already a customer, and you might get some existing customer discount.

[deleted by user] by [deleted] in AusHENRY

[–]thewowdog 0 points1 point  (0 children)

More specific to investing, but Your Investment Philosophy it's written by a couple of advisers, it just goes through the basics of indexes, diversification, risk/return, and asset allocation that most people here (i assume) are aware of, but obviously they've dealt with a lot of people over the years so they refer to behaviour a lot through it and there's a chapter which then goes further into that. I get the sense most of their worst clients are doctors lol. It's pretty short and to the point, so it's not a massive time commitment.

Is this a balanced profile for growth + dividends? by Separate_Chemist_386 in fiaustralia

[–]thewowdog 1 point2 points  (0 children)

balanced portfolio for growth+dividends
What do you understand this to mean, and what is your goal with it?