Jumped up 15% to start the day and now is down 17%
That is a huge swing
Having said that getting the mining license is going to be really good news if you plan on holding long term
I'm holding around 55,000 shares in IHL
Expecting a nice spike on Thursday when the acquisition becomes public and the trading halt stops
Got my eye on the $1 mark, that is when I'll be cashing in
IHL was at 42 cents on 3rd Feb, today it's hit 72.5 cents
Trading on the NASDAQ for 85 odd cents so this is going to keep on going up
AVZ & IHL have both had extremely strong weeks
Damn, that feels like a condensed moden day economics lecture.
No problems on the graphite, good commody needed for lithium batteries whilst being more scarce and not many people know that. So companies like RNU were/are good to invest in at a cheap rate before everyone else clicks and starts...
ok so I did some research on this
Capitals gains on pooled development funds are exempt from tax, however if you incur loses they are not able to be claimed. They must be a very volatile market
Also this only applies to companies that registered pre 2007, the pooled development fund can no...
Some of the people I know who make the most money don't have uni degrees. And there are a lot of uni degrees that you can wipe your ass with tbh
I like your generalization there, it's like every kid under 30 gives 110% at their job, doesn't try to take long lunch breaks, doesn't roll up late...
So two things with that
1. Get rid of negative gearing and rent goes up which hurts renters (but * them)
2. Why should someone be able to legally deduct expenses that go towards generating income in every other scenario other than in the property investment?
3. A large portion of...
Labor trying to get rid of negative gearing cost them the election as it was an attack on a big section of its traditional voters.
Getting rid of negative gearing is not the answer and is an attack on a lot of middle class people who chosen to have an investment property
It's horses for courses. My point is the boomers didn't have it easy like these kids think they did.
One would have you think they had massive disposable income and splashed cash like it was going out of fashion.
Rate rises suck, but to be fair a lot of boomers have been hit with low interest...
I don't think it is a crook of s**t to say the boomers were willing to give up more unnecessary items to achieve their financial goals than the current generations would
Probably has more to do with the times and priorities being very different between the generations
Possibly but holding off for 12 months to get the capital gain reduced by 50% is a very attractive option and means your profit doesn't have to be as high in order to have the exact same after tax profit
For instance cashing out a $10k profit and then having to pay a tax rate of 37%, meaning I...
What do you think the median is? Honest question as I have no idea, I just found some data saying the average was $91k in Victoria
I found this (Average Salary in Melbourne 2022 - The Complete Guide), but I am very skeptical of the median being $110k
Most boomers I know never went to university, most of them never finished high school so that's a bullshit argument
The super payouts I'll give you but that money would have only come into effect over the last 15 or so years when they have already been in the housing market
Those boomers had...
Everything is the boomers fault isn't it?
Easier to blame someone else for something being hard rather than rolling up your sleeves, sacrificing some stuff, working hard and saving FFS
possibly I don't mind that idea
I doubled my money about 9 months back with RNU and put the original amount back in when it got close to bottoming out so I've already covered my ass with RNU
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