u/Digital_cushion

I'm 34 and just started getting serious about investing in Jan this year. I have a BGBL/A200, BGEM & AVSV positions for myself and a separate DHHF for my 8 month old son. The plan was simple, just DCA every month for 20 - 30 years and let it grow into something meaningful for him and my family.

Now the 50% CGT discount is gone and gets replaced with an inflation indexation model plus a 30% minimum tax. From everything I've read, if your investments perform well over a long time horizon, you will almost certainly pay more tax under the new system than the old one....waht the actual fuck?

The thing that frustrates me most is that this was sold as targeting property investors. But the CGT change hits shares just as hard. My son's ETF portfolio is just a boring long term buy and hold. It's not a tax dodge.

And honestly even setting aside whether the new rules are better or worse, the fact that this is the second complete reversal of the CGT framework in under 30 years makes it really hard to plan with any confidence. Howard scrapped indexation for the 50% discount in 1999 and now Labor has just flipped it back. What's to say it doesn't change again before any of us actually sell? For better or worse?

Just feeling disheartened. Is anyone else rethinking their approach or is the consensus just to stay the course and accept the uncertainty? I've seen some great posts on here about the reality of the situation of FIRE etc and it seems like generally we now need 2 - 3 years of investing to achieve that. Absolutely gutted.

EDIT: Sorry I also wanted to ask the question, is it even worth doing this strategy now for myself? Should I just keep DHHF for my son and focus on voluntary super contributions?

On Betashares Direct with BGBL, A200, BEMG and AVSV. Want to add international small cap but Betashares don't have one. Is VISM or QSML the pick, and is it even worth going off platform for it?

Hey all, 34 years old and only just got started with investing properly, better late than never I suppose.

Currently running DHHF for myself and VDAL for my son. Been seeing a lot of chat about VGS + VAS and starting to wonder if I should just go that route instead of DHHF given the more control over the Aussie allocation.

Is it worth making the switch at this stage or should I just stick with DHHF and keep it simple? Given I'm starting later than I'd like I want to make sure I'm not leaving anything on the table but also don't want to overcomplicate things.

Keen to hear from anyone who's made the switch or deliberately chose one over the other.