AFF Member Stock Discussion

[Quickstatus]

Passive ETFs will be obliged to buy in!

Apparently entry into SP500 is not immediate

 

[SYD]

Apparently entry into SP500 is not immediate

Nasdaq

 

[moa999]

Nasdaq

And indeed Nasdaq rules were changed somewhat recently to arguably over represent it with respect to free float rules.

 

[cove]

Just finished paying the fiscal fiend so I had to sell some stocks. Out went some ALX,RIO,WOW,WOR and CDA to keep the country running for a micro second.
I just read Wilson Asset Management’s submission on the CGT proposed changes and it is worth a good read.
It is possible that discretionary trusts can get hit with double taxes in 2027 so tax accountants are scrambling.
Of course I don’t rate our current Federal Treasurer as his proposals if enacted will lower productivity by having accountants working on taxes rather than efficiencies.

 

[cove]

The current treasurer thinks a tax rate of up to 63% on family trust distributions thru companies to individuals is ok. No it isn’t.
Well that will put the Australian economy into a deep sleep.
We hold Steadfast, AUB and QBE in the insurance space. Steadfast now has a takeover approach which is SDF.
Now if the economy slows our banks will struggle to grow their profits in a very dull market.
On SpaceX I think Musk has way too much control for us to invest in it.