AFF Member Stock Discussion

[tgh]

It's not all bad, our smsf eofy valuation will be way down and that means our min draw will be down also.

Bit of a chill down the spine to see this comment from Gottliebsen about Labour latching on the super funds for revenue

The government is set to hit the great tax haven of superannuation for those with worthwhile sums invested in superannuation. We will have to wait and see what it does.
Naturally, superannuation values will fall, causing many of those who have “retired early” to rethink their decision. Some big superannuation funds may artificially boost their asset backing via inflated unlisted investment values. Trustees who are foolish enough to allow this to happen may experience demands for asset or fund switching akin to a bank rush.

 

[drron]

I timed it right this time. Went to 60% cash back in March and sold a little since. I remained in my speculative resources. One hit oil,another discovered gold, another palladium and yet another more lithium.

 

[Brissy1]

timed it right this time. Went to 60% cash back in March and sold a little since. I remained in my speculative resources. One hit oil,another discovered gold, another palladium and yet another more lithium.

Your stars have aligned Dr. "more lithium" needed ? sorry couldn't resist.

 

[ithongy]

Markets will be a bloodbath and still don’t know where the bottom is… thing hopefully should turn around later this year after Q3.

 

[moa999]

Some tech stocks in the US absolutely smashed overnight.

 

[MARTINE]

In the words of Bette Davis in All about Eve - ‘hang on boys we’re in for a bumpy ride’

 

[MARTINE]

Markets will be a bloodbath and still don’t know where the bottom is… thing hopefully should turn around later this year after Q3.

Buying opportunity?
Also Agree with @tgh that super funds attractive for tax grab (nothing like retrospective actions killing a lifetime of planning). If Malcolm was happy to do it - it is a given it will be ‘looked at’
Jo Public does not care about people w millions in super….

 

[tgh]

Jo Public does not care about people w millions in super….

and why should they , paye patsies are hugely disadvantaged by the system
Some folks (noti) have many tens of $m in super, it is a fantastic tax haven.
Tax concessions across the spectrum are hopelessly generous and it needs sorting

 

[Mr_Orange]

Woah, ASX down over 340 points. I knew things wouldn't look good today but I wasn't quite expecting that.

 

[SydneySwan]

Woah, ASX down over 340 points. I knew things wouldn't look good today but I wasn't quite expecting that.

I agree. I was expecting it to open 3 to 4% down then gradually recover to close about 2% down. Obviously I know nothing!

 

[MooTime]

I've never seen 300+ points down........200 yeah, but 330 wowee!!!

overreaction??? considering US only 4% down, & I say only very loosely.

Is it because yesterday we didn't trade so hangover from last Friday also??

 

[MARTINE]

I've never seen 300+ points down........200 yeah, but 330 wowee!!!

overreaction??? considering US only 4% down, & I say only very loosely.

Is it because yesterday we didn't trade so hangover from last Friday also??

I've never seen 300+ points down........200 yeah, but 330 wowee!!!

overreaction??? considering US only 4% down, & I say only very loosely.

Is it because yesterday we didn't trade so hangover from last Friday also??

You are too young!
Try Black Tuesday Oct 1987….

 

[MooTime]

You are too young!
Try Black Tuesday Oct 1987….

yes not even going through puberty in 87.

I certainly know of the 87 event as an investor, but today no good, I won't sell, just watch, well maybe not watch, see if I can scramble a few bob together to buy few more of something.

 

[daft009]

buy now or wait longer is the question...

 

[drron]

As Marine says you ain't seen nothing yet. 508 points in 1 day -22.6% though at one stage was down 25%.

 

[MARTINE]

yes not even going through puberty in 87.

I certainly know of the 87 event as an investor, but today no good, I won't sell, just watch, well maybe not watch, see if I can scramble a few bob together to buy few more of something.

Puberty!!
Sounds like a plan

 

[MARTINE]

Jo Public does not care about people w millions in super….

and why should they , paye patsies are hugely disadvantaged by the system
Some folks (noti) have many tens of $m in super, it is a fantastic tax haven.
Tax concessions across the spectrum are hopelessly generous and it needs sorting

Agreed
Unfortunately changes usually affect the Good not the Bad and the Ugly

 

[ramamba]

bought 50 units each of VAS and VGS
plan to hold for at least the next 30 years

 

[daft009]

 

[daft009]

I bought some DHHF, should've bought my favourite John West Chili tuna cans instead!