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.

 

[cove]

Tonight we took up the Megaport issue at $14.30 as the shares are higher.

 

[cove]

Friday night US time sees SpaceX list. Running on hopes and dreams it has been priced at 90 times sales.
Elon Musk turns 55 this month.
Our futures market is up a lot this morning so it should be a good day in Australia.

 

[tgh]

For someone so bright and so driven, I wonder what E.Musk will do next.. funding is no problem.. perhaps Potus ?

 

[Dr Ralph]

Bought WOW Oct 25 for around $26. Selling out all of my shares today for $38.

 

[Ansett Nostalgic]

It might be a good time to buy options on space-adjacent stocks that aren't SpaceX

 

[SYD]

It might be a good time to buy options on space-adjacent stocks that aren't SpaceX

Tesla?

 

[Dr Ralph]

Got 1/4 of the SpaceX shares I applied for. Sold for a quick 17% profit. Happy to sit back and watch the rollercoaster.

 

[SYD]

Got 1/4 of the SpaceX shares I applied for. Sold for a quick 17% profit. Happy to sit back and watch the rollercoaster.

I got about 40% of my application. I’ll probably keep the seatbelt fasten for a couple of weeks.