u/Training-Avocado-915

I have no idea how to interpret this new budget crap.

Current situation: $50 k in VGS and $20 k in VAS. I normally throw $5 k a year into each portfolio and it’s essentially to give to my kids in 20 years..

How does this new budget affect this strategy? Do I even bother investing still? What are the outcomes if in say 20 years my portfolio is worth $250k? How much does the government take from my hard years of investing?

Should I stop investing and just go build a new house and land package, rent it out for $1 k a week and still be eligible for negative gearing etc.

Sigh….