thats what i mean, if a fiat is deflating it makes sense to hold it, or assets priced in it, at least until it reports inflation again, and, even then, only if that inflation is higher/faster than that which you wish to measure your wealth in
possibly, certainly its a byproduct of an economy going south, but if you managed to find some stocks which rise despite that (eg apple) then you would be ok ...
just a question, if, for instance, i wanted to invest some aud in another currency, which is deflating, and use that cash to invest in that country's stock market, if i made money by share prices rising, then sold, and cashed out back to aud, would i have made more money than usual?
there are several ways you can approach this, for penny stocks, yes, the potential profit can be huge, they usually arent paying dividends so all you have is the chance for capital gain, but without looking at all sorts of info about the stock's health, as a business, you could be really...
perhaps it represents a modernising of their country, opening up, in a similar way to eastern european or asian emerging markets in the past, it could be the first of many other companies to come maybe
spend the next year, before you hit 18, reading and learning as much as you can about investing, especially "value investing" as a good understanding of the various strategies will be a skill you can have for the rest of your life, think of investing as preparing for your future, whatever that...
i cant read the article toby as its behind a paywall, but in any case, bloody asic, sitting on their hands re things that urgently need to be addressed, especially in the banking sector, while sticking their beak into things which help people to manage their risk and make some money ...
thanks ib, yes indeed, while i would always ask the ato i am a strong believer in "knowing" the answers before i ask them, i also handle all of my own tax (i do not use an accountant or financial advisor, as, ultimately, i am responsible for all of my decisions/obligations, so i choose to do it...
while ive learned tons about our dreaded cgt over the past few years, there's one part of it i still want to get straight in my head ...
as i understand it, if you buy crypto, for example, and keep it untouched for a period of time, then sell it for profit, in aud terms, the gain is included in...
liberals are as bad as labor on issues such as these, its just confirms what we all suspect - our money (fiat, when in the banking system) does not really belong to us, and people wonder why crypto is gaining ground, the way things are going it will soon be one of the only ways left to avoid...
understand that investing (think saving) and trading (think speculation, gambling) are two different strategies, and require different mindsets, also, try to avoid borrowing to invest, any fool can look rich on a leveraged position when the market is going their way, but if/when it suddenly...
back when he first became pm, on a few forums, tony abbott was prescribed the nickname "bony rabbit" which i did find humorous, and subsequently shortened it myself to bony rabs ...
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