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does anyone else here think a person who owns more than two houses is a cunt?
What’s a house?
the total lack of nuance in this argument indicates you might have 0 houses
Own as many as you can.
If you're a smart cunt, work hard or just lucky or inherit money who gives a fuck.
Nothing wrong with being rich.
I know this goes against the socialists in here but who cares, some people just want to have what others have got without getting off their own lazy arse to get it themselves.
there’s nothing wrong with being rich but there’s something wrong with being greedy mate.
No argument from me there mate.
Yep. Should be illegal to own more than two. It's obscene 🤰🏾
two i can understand. holiday home, and city house. perfect. good life.
any more than that you're just a plain, old cunt. invest in speccy mining stocks instead you dogs.
This country has a problem with every single motherfucker wanting to be a landlord over some other motherfucker to collect free money for life. And the mindless belief that property prices can only go up forever. This is perpetuated by the "lessons" learned from boomers who saw their properties triple in value every decade over the last 30 years so they passed this "wisdom" down - just buy as much property as early as you can.
One of the new guys at work is proudly telling me how he is a property developer for his side hustle... what the fuck happened where that is viable for a 20-something? He owns a bunch of shit-tier houses in low income areas and is gentrifying the fuck out of them with the bank's money.
Houses should be homes not investment vehicles, and it's a crime what the landlord class is doing to the youth in our country. The negative gearing tax concessions should be cut ASAP but the last time a party suggested that they lost the "unlosable" election.
Everyone agrees that housing affordability is a massive problem and should be fixed by the government, but whenever you ask people who own more than one house if they would be willing to cop a -50% value in order to fix this wealth gap they always make excuses or look sheepish. And thus no one will ever REALLY want to fix it cause "fuck you I got mine".
Can someone explain to me who negative gearing can be used by someone with an investment property?
It's unfair because it allows you to write losses off from property against your *other income*. So you can be making bank but pay fuck all tax as long as you can book enough property expenses.
This makes owning too many properties at too much leverage actually a viable strategy as long as those properties increase in value eventually and your income is high.
You get a big tax cut for just being a fucking landlord with a bunch of loans while your tenants pay most of your mortgages and you get to take your profit when you sell the properties at huge margin years later.
This practice encourages excess investment into the already inflated property market driving prices up.
I see I see.
In Adelaide the people that buy lots of cheap properties as investment are usually people on low incomes.
I don’t meet many people that are on high incomes that bother with investment properties they just have a ppor.
Buy property and low income? How cheap are these houses you're talking about?
It’s Adelaide, 300-400k
Combine it with negative gearing, borrowing money at low rates they don't even pay tax and make more money.
Sure there is some risk but if they were already wealthy, well they just took the handouts and tax deductions. Easy wealth building.
Us bois cop a >50% loss on EXR and don't even blink, fuck boomers and this ludicrous property market
all of this is so spot on. may i also add politicians don't want to fix shit even more because they personally own twelve investment properties.
1/3 rent, 2/3 have a mortgage or own property. Both sides want the reins and so it goes.
Finished up a fat 7%, if we could continue 5-7% a day for the rest of my investing life that would be great thanks
I’m bullish on this happening tbh, 2 days of green is making me feel things I haven’t felt in a long time
haven't seen the daily thread comments count so low in a while
in other news, WHC and IHL doing God's work 🤰🏾
The gain days are barely erect compared to the ultra flaccid loss days we’ve had of late. Some speccies are slowly recovering.
BPT going alright too.
Best things to do/places to stay whilst in Bali? Not there to smash bintangs, crash scooters and receive the death penalty for smoking the devils lettuce... Just looking to soak up the warmth, a bit of surfing and some hikes? Very keen!
Still haven't re-installed the app but I did have a cheeky gander on google.. things aren't looking as red = happy days
Yeah all the comments below , just get out of the vortex in any direction and it’s all baguuuuus!
Anywhere on the Bukit is good , head up to medewi for some tamer easier waves if that’s what your after , head over to Lembongan if u got time
Thanks brother defs keen on some easier waves to start off with
Nusa Lembongan; Thabu surf lessons, manta ray bay etc. DM me if you want more tips
Thanks dude definitely keen on some good quality surfing lessons! I was looking at lombok too, have you been?
Lombok is next time, I was on Lembongan when Lombok copped the earthquake in 2018, may be worth seeing if it is all re-built?
Spend some time in Ubud, go to the Monkey Forest, eat some Padang, Alas Harum Kopi Luwak.
I have a 20 year relationship with a driver if you need someone to get you from airport and around and sort out day trips for a good deal.
Get a moto and cruise around very chill place
The jealousy is immense.
Some [incredible waves](https://www.adventureinyou.com/indonesia/10-best-surf-spots-in-bali/)
Also Sanur is nice, way nicer than Kuta. There is a fun little right on the reef out front of one’s of the main hotels, also Keramas down the coast a bit but it gets crowded..
Thanks man 🤙 I'm so pumped
Sanur is nice. Not too many bintang singos
I'm in Bali at the moment, down in Uluwatu. Have you checked out the beach clubs to sit and watch the waves and the sunset
That sounds awesome mate, ill check it out
Google "Kelly's warung" bit of a mission to get there, but great view and vibes
Good news is Covid death rates are very low
A miracle for a malnourished country that's refusing vaccines
for anyone under 70 the survival rate is still in the order of 99.9%
Nasdaq will fly tonight
Why do you think so?
Gotta a tingle in my dingle
>tingle in my dingle
It could be tumor.
its not a tuma
Why? lemme huff whatever hopium you've got
Isn’t JPOW doing some speech, therefore lock in green (and heavy red the day after)
Bitcoin green = spy open green, may change
JLG if you keep this up you're getting both barrels.
Deadset what is the cunt doing? Why the massive sell-off? Labour shortages and bit of the old inflation scare is all I can think of. Going to keep buying the dip unless one of youse can give me a reason not to.
>do/places to stay whilst in Bali? Not there to smash bintangs, crash scooters and receive the death penalty for smoking the devils lettuce... Just looking to soak up the warmth, a bit of surfing and some hikes? Very keen!
>Still haven't re-installed the app but I did have
Labour shortage for JLG going forward won't be as bad as the last 2 years where all the trades people were focused on new builds rather than insurance work as they could charge more and got paid sooner.
Apparently climate change is cancelled. Great news!
Sorry to AVZ holders, but as someone who sold at 600% up that was coping shit from my supervisor that I sold too low and I'm a pussy who doesn't know how to make money - I am definately enjoying my little window of schadenfreude.
> but as someone who sold at 600%
Proof or ban.
Shadenfreude, I love that word….I’m going to add it to my CV
Fuck you got in early to be up 600%
Yeah I got in and held a while at around 9.5c... I came back to it after buying and selling back in the last lithium run back in 2018 so I was lucky I had them in the back of my head when lithium was coming up again.
man well timed. I'm jealous. I'm hoping the rest of 2022 will be okay but I'm doubtful
Up 7 percent for the day.
Hopefully keeps going
make this Waldo's flair 🤰🏾
I'm convinced that ASM is being subjected to some hectic market manipulation hey..
How much of the recent ATH was hype tho? (Genuine question, don't follow ASM) but most of the good speccy miners LTR, etc have taken a beating last couple of weeks
Whats going on?? Thought Koreans paid premium for their shares
up 10% for the day. That's a pretty bloody nice feeling after the past few weeks
Just to keep things fair and balanced, I'm overall still deeply in the red.
Don't want to put out false impressions. People generally only spruik positive news and that leads to people getting an incredibly biased sensation around their own investing.
So here's to all the boys swimming in red. You're not alone.
Thanks old wiggle. I just breached green territory today. 0.42%+
After today I'm beating the normies again. I might stay in the markets despite this bear climate, I think that RNU and IHL have a bit more run in them.
WNX outa nowhere! I'm not the only holder now
Finishing the day green??? What is this?
Is this green which I see before me, The tendies toward my hand? Come, let me clutch thee. I have thee not, and yet I see thee still.
CRR holy moly. Also, we love a green day. Bears r fuk
It’s been a long time coming… some great news over the last couple weeks…
Been buying hard in the 7's-8's in the last couple of weeks.
Nice to see speccies back on the menu today.
Im actually up $725.00.
fuck it gonna yolo $50k at ASM
I'd wait ✋️ just a while longer.
would've missed the +10% today
Hopefully you bought at the bottom yesterday. When I looked it was still heading south
nah bought at 5.11 and sold at 5.42 after being a pussy in the morning, not quite 10% but ok for a one day hold.
as soon as i submitted my order i had 15 orders line up behind me <$500 each. BOTS I TELL U. THE MANIPULATION. CALL ASIC
Algo traders 😞
I’m glad I’m back in the green with IHL but I have to say the rat bashings really soured me on the company
You gotta crack a few eggs to make a science omelette.
Fucking coal saving me from an RE spanking today…….
SRN you bastard, you're alive?!
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I don't love that I am still a way down overall but it's nice to see some resistance hit or perhaps at least some stability found overall. Couple grey days are sorta welcome after the last month.
Yeah, hopefully you can pull it off! What's the reno budget? I watch a lot of selling houses Australia and they seem to be able to do a lot for not much money as long as you don't have to knock down any walls.
Oh wow, how's that been going so far? Is it working out ok? That's probably the dream for many here.
yeah ok :) 2022 has been quite brutal so far, so I don't doubt there are some paper losses around!
For those still wondering about US baby formula milk shortage, producers there are Nestle, Abbott. Don’t relate it to some company here with number.
BUB sells there.
My missus just bought some ass to mouth milk home from the shops and it was reduced to 99c writings on the wall?
Tell that to everyone buying BUB, up 12% today
Celebrating being up 12% while down 60% overall
Please do something VML 🙏
It will do grey. VML owns grey. I think Pantone should name a colour VML grey at this point and make it the colour of the year.
such a silly request. it spent half the day at or above .051 so its time to rest until tomoro after 10am. the vml way.
VML the grey!
Offsets the IXR red pip today
Something good please
AGN up 10% 2 days in a row. I’m huffing the good paint tonight
I only have two stocks on my watch lists that are attractive enough to me that I might buy. That might be a record for lowest ever.
Something something sentiment something.
What are they
catch told me privately they were DW8 & ZIP
He’s a smart fellow
ANL and DLC
(I’m not here to pump tickers. Just sharing an observation.)
Roger VUL MNS 😉
nice picks bro
SandP global commodity index says that there will be a softening of lithium prices as supply will outstrip demand for 2022… like the crazy people with the ‘end of world is nigh’ placards on them….there’s probably more chance of me winning powerball though…and I don’t play powerball!
Look at that CXO go!
Trying to find the most ovepriced Lithium stock, so i can track Lithium sentiment (logically most overpriced should get stuffed first).
So far I think 1MC - Morella fits the bill despite a couple of encouraging hits in their WA sample, nothing of much substance to justify 130MCAP (i think it breached 200??).
**Any others? I thought RDT, but they seem to have enough hits to probably get an ESS sized resource in, so they're pricey, but not 1MC level retarded.**
Definitely not RDT. They'll be putting a JORC out this or next year
100% agree on 1MC. People are just playing for the PLS 2.0
LRS or LKE
AVZ until the trade halt is lifted
I second this. I use LKE and CXO as a measure of how much frothiness is about for lithium
LKE VUL LTR
MAY riding on oil & gas rally today 👍🏼
MAY it rise to around 14 so I am green on it!!
Why the fuck would anyone but morningstar care about what morningstar have to say? I'm sure at this point even they know their algorithm is useless
LOL at Morningstar valuations
Interesting it is down 4% today!
PEN still lagging amongst U stoinks. Defo a dog
go back in time on the charts - is been a dog for \~15 years it aint gonna change.
Punted $10k into EXR.
It seems like the more I lose, the higher my risk tolerance is... Go figure.
Had such high hopes for it. Now it's just a broke dick dog
Numb to the pain.
Start small then sky is the limit on what will fit up your ass
I don't hold it but interested to know what's people's thoughts are on the steady decline of JLG? Added it to my watchlist a few months ago after someone mentioned it here and it seemed like it had that 'not a speccy, not yet a boomer', 'grow-er not a show-e'r kinda vibe to it, but seems negative sentiment is strong at the moment. Are their costs directly affected by interest-rate rises?
Unprecedented back to back CAT events, GICOP, material/delivery delays, media attention, public sentiment, Covid, borders/locations...
These are all immediate factors within the industry that affect the costs, along with interest rates.
JLGs NSW government deal appears to be scoping for settlement, so I think there may not be much repair work profit. I also wonder if their US purchase/corporate restructure was timed well or not 🤔
Overall, the home repair industry will outlive the construction industry by decades, and right now JLG have the biggest footprint in Oz (I think).
With all the flooding I thought JLG was going places. Sold at 8.66 and when it rose a fair bit more I was kicking myself, but happy now!
Debt is 26% of their capital base so yes they are susceptible to interest rate rises. In saying that there should be a certain percentage that can be recovered by passing it on to the customer base.
JLG was my most consistent earner before the dump at the start of the month, I still like it as a hedge against climate change (lol). Currently down 15% personally.
Everyone holding tight
Hoping someone wipes 25c
Calm before the Waka?
Ah yes back to the days where only ETFs are dogs on my portfolio.
NDQ hit with a sledgehammer this morning that it won't recover from today, meanwhile PLS being a total bro.
Not sure if this is stock market or wall painting drying
QPM up 10% currently, really excited for the grey finish as per usual 😃
Go on SYA.. get back up there you big cunt! Ooss osss eshay adlay
Ous ous ous ahbrays
IHL breaks .50
I didn't think it would crack 50 but there you go!
IHL keeping me refreshing my port
NMT being a 🐶 lately
It was up 10% last Thursday. It's a hold for me
I'm holding through this year and maybe into 1H23, lots in the pipeline atm. Frustrating to be down so much but my entry was high.
I have real trouble understanding emojis. I think it should be recognised as a type of disability. What is that a bear or a dog or something else?
i would hazard a guess that understanding emojis is the disability, we who cant understand emojis evolved from pictograms when we left caves, regression is not a positive.
although I find it hilarious when ppl use an emoji followed by the word they meant to replace
Cookies & cream icecream I think
so BRN just released a new video showing how akida works, this time it is not made by BRN but from Nviso.
I know many have doubted the BRN supplied examples of akida running, so have a look and reconsider. As Nviso state, this tech will become NCAP standard very soon. BRN is so well positioned to dominate this market.
Interesting the occupant count on the screen was 3 but there were 4 in the car!
didnt notice that, thanks. Whats the bet the devs are single and have no idea kids wont stay in those zones to be detected properly. Its a good start though from what i have seen.
Definitely impressive tech.
back to 1% green overall!
0.42% checking in.
I think media articles about this place should include how the opening bell every morning is someone writing *eat da poo poo*
Don’t act all coy. …*walter white voice*….Say My Name
What happens if we stand in front of the mirror and say your name three times, a la Candyman? What will you do to us, logofpoo?
Just enough mystery to get them to go to his profile, and then...
and give our very own daily Town Crier some much deserved credit. Publicising his catch phrase as his very own, avoiding any plagiaristic suggestion.
anyone noticed selfwealth have this written at the top of their home page?
"It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout."
"Australia’s best share trading app"
Looks like test content slipped into prod
Any other GTR holders get a letter in the post about R8R (Regener8 Resources) IPO?
Apparently Regener8 is going to acquire Kookynie Gold Project from GTI
More like R8R is a spin-out from GTR, where GTR retains 20% of R8R's shares as a part of the spin-out offer for the gold project
Amazing announcement for PLS 🙌🏼
Weird experience on SelfWealth. The current AGN price is 45c, the lowest seller price is 49c. I tried buying $100 of the 49c but SelfWealth said my order failed because it was too far from the current price. It is literally the cheapest buy-now price
Does SW allow trades of $100?
Yes, can buy any amount if you already hold - minimum $500 initial buy in
I wonder if Beard has $500 of AGN already?