r/ASX_Bets

https://budget.gov.au/content/factsheets/download/tax-explainers-negative-gearing-capital-gains-tax.pdf

really dampens the effectiveness of any long term buy and hold until retirement/low income strategies. What's everyone's thoughts..

Your markets are run by bots. Now your r/Asx_bets daily threads are too.

Read the wiki people.

Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.

Automoderator may provide "Guidance" for Lazy and zero effort posting.

We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.

Your markets are run by bots. Now your daily threads are too.

This thread is for plans and thoughts prior to the market open period.

Maybe use this time to read the wiki .

Posts relating to the "Is r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.

We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.

Your markets are run by bots. Now your r/Asx_bets daily threads are too.

Read the wiki people.

Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.

Automoderator may provide "Guidance" for Lazy and zero effort posting.

We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.

Your markets are run by bots. Now your r/Asx_bets daily threads are too.

Read the wiki people.

Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.

Automoderator may provide "Guidance" for Lazy and zero effort posting.

We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.

Your markets are run by bots. Now your daily threads are too.

This thread is for plans and thoughts prior to the market open period.

Maybe use this time to read the wiki .

Posts relating to the "Is r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.

We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.

Someone please correct me if I'm understanding this wrong, with this example:

If I purchase stock for $100 and sell it for $200, I make $100 profit.

Under the current CGT rules, if I held it for over a year, only $50 of my profit gets taxed.

But under the new rules, if CPI went up 5% within that year, then my new cost basis becomes $105 and $95 of my profit gets taxed?

I live with my parents & cannot afford to buy a house. I go to work, I get paid - and then I invest a good chunk of my pay into my stock investments before even giving myself anything because:

1. I don't want to be working until I'm 70/until I die.

2. I want my future kids to have a better financial start to life than I did.

3. I want to invest and grow my money without having to take on substantial amounts of debt.

4. When I die, a small portion of the stock will go to my kids & the rest will be given back to society in some form of charitable foundation or trust, with my children responsible for gradually giving it all away.

And now with these new rules, what the hell is the incentive to invest my income when all gains above inflation are getting taxed?

I'm OK with new rules with regards to property - houses are places to live in, not to collect like a stamp collection.

But man, this is another form of stupidity.

Your markets are run by bots. Now your r/Asx_bets daily threads are too.

Read the wiki people.

Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.

Automoderator may provide "Guidance" for Lazy and zero effort posting.

We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.

Can someone explain it to me as the budget seems like the King of the nothing burgers.

Stock standard scenario:

Dad’s mate from the country club says a start up miner is a real goer.

I buy 10,000 shares at $1 each.

I sell 3 years later for .25c a share, netting me $2,500 in the hand. Basically free money.

Before last nights budget I would pay zero tax on that.

After last nights budget? Guess what also zero dollars tax.

Yet everyone is crying like they have been touched up without consent.

Your markets are run by bots. Now your daily threads are too.

This thread is for plans and thoughts prior to the market open period.

Maybe use this time to read the wiki .

Posts relating to the "Is r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.

We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.

Hi all,

My name is Grace Lagan - I am a journalist with the Australian Financial Review, covering markets from our Sydney newsroom. I am working on a story about how the CGT changes announced as part of yesterday's Federal Budget are impacting retail investors' demand for ETFs and shares.

To that end: if you are a millenial or Gen-Z retail investor with (ASX-listed) shares or ETF investments and would be keen to speak about what you think about the changes, and how they might impact you, please get in touch with me at grace.lagan@afr.com or my DMs here. 

Ideally we would be able to get a photograph of you taken before the end of the week too, so please don't be too camera shy!

Your markets are run by bots. Now your daily threads are too.

This thread is for plans and thoughts prior to the market open period.

Maybe use this time to read the wiki .

Posts relating to the "Is r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.

We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.

Your markets are run by bots. Now your r/Asx_bets daily threads are too.

Read the wiki people.

Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.

Automoderator may provide "Guidance" for Lazy and zero effort posting.

We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.

Your markets are run by bots. Now your Weekend threads are too.

Read the wiki people.

Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.

We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.

Your markets are run by bots. Now your r/Asx_bets daily threads are too.

Read the wiki people.

Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.

Automoderator may provide "Guidance" for Lazy and zero effort posting.

We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.

The CBA will be down around 10% for today if the market will not stop reacting.

The Q3 report for big four banks showed that Commonwealth Bank has flat operations income on first half quarterly average. Cash profits are down 1% in first half quarterly average.

In my opinion these are only due to unconfident in modern economy and the bank is yet to prosper. It is still one of the biggest companies in the world and a dominant of Australian financial market.

In my opinion the opportunity that will rise tomorrow to buy it on discount is exclusive and has to be used by everyone.

What are your ideas? I don’t think the bearish market will continue so severely tomorrow, so it will be the day. Please give your ideas if I am wrong in any way or my ideas counter yours.

Good luck investing !

Your markets are run by bots. Now your r/Asx_bets daily threads are too.

Read the wiki people.

Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.

Automoderator may provide "Guidance" for Lazy and zero effort posting.

We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.