Investment advice

StabbytheRabbit · March 29, 2021, 11:27pm

Markets will become unstable as positions as big as US$26billion are being unwound

StabbytheRabbit · March 29, 2021, 11:30pm

Screen Shot 2021-03-30 at 10.30.29 am666×774 123 KB

Houli_Dooli · March 29, 2021, 11:54pm

should cash some of that out, even if its just your 1K investment. these things are very up and down (Given price 2 weeks ago)

Houli_Dooli · March 30, 2021, 12:00am

read about that this morning, some said impact may be limited, and some said should sell everything.

https://au.finance.yahoo.com/news/asia-gauge-mood-block-trades-200635650.html

StabbytheRabbit · March 30, 2021, 4:33am

Hey, AFR is free at the moment due to their recent hack attack - no paywall until further notice. yay.

handypoint · March 30, 2021, 4:35am

They are in scarce supply. Ever shrinking.

Not sure what your going to do with storage @FuriousGeorge , they ain’t exactly liquid.

handypoint · March 30, 2021, 4:39am

You could just sell it all off and enjoy the 42k. YOLO.

So what if it does up again, could go down again too, could stay flat, you could get hit by a bus tomorrow!

Although if you end up a crypto millionaire by holding…totallly get it.

Surely crypto is going to be the source of some serious inflation. Must be all those crypto kings and queens buying up Australian property.

Blummers32 · March 30, 2021, 7:00am

I’ll do what I’ve done with shares.
Set a stop loss then sell if it reaches it. If it doesn’t, I’ll adjust my stop loss.
Those two lesser cryptos I do want to sell at some point.

If the total value drops to $40k, I’ll cash it in. I’m basically gambling $5k for the chance it keeps going up.

Tugg_Speedman · March 30, 2021, 7:02am

88e & PRL

Let’s hope they are worthwhile investment unlike my dons membership!

Houli_Dooli · March 30, 2021, 9:15am

I have some PRL shares

88E have followed, they recently struck oil.

JuzzyB · March 30, 2021, 9:23am

Hey guys, I don’t want to read through the thread just yet…but I’m 30, saving very slowly and am looking to start investing. What advice would you give someone with that limited information straight off the bat?

barnz · March 30, 2021, 9:26am

all on red.

*not real advice.

Vandrs · March 30, 2021, 9:28am

Chuck it in your super

ROOKIE · April 1, 2021, 4:38am

Pay off your debt (home) first!
Costs more interest than you will earn (I presume)

Tippa-the-Iceberg · April 1, 2021, 4:41am

Ethereum mark.2 could be the next biiiiiiiiiiiiiiiiiiiiiiigggggggggg mover.

Benny40 · April 1, 2021, 4:41am

Earnings on interest are taxed.

Preventing interest payments are tax free. Pay off debt, guaranteed return.

Then into super. Great tax incentives. Set your risk level higher when you are younger. Lower the risk as you age.

And otherwise, ETFs are great if you don’t know much. Aim to hold them for 5-10 years minimum.

Soulnet · April 1, 2021, 5:07am

Straight forward content with different objectives laid out in simple language.

Soulnet · April 1, 2021, 5:08am

alex.f.94 · April 1, 2021, 5:50am

Ah, Passenger 57. One of the all time classic garbage movie.

tinhillterror · April 4, 2021, 7:17pm

How does capital gains tax work?

If you buy an eligible asset and then sell at a higher price, you pay tax on the gain. Are you paying the same rate as your income tax rate?

It also looks like you could get a 50% ‘discount’ on the tax rate if you hold something for 12+ months.

Was just looking at this with respect to cryptocurrency (or shares I guess). CGT could eat up profits if you’re moving from coin to coin a lot.