On Hannah Murray's TRE in the Afternoon from 16.00: @tmfscottp.bsky.social with 'The One-Page Investing Plan: Start simple, stay patient, build serious wealth', and Franny Catz's Humpday Happenings
Scott Phillips
@tmfscottp.bsky.social
Investor. Business person. CIO, The Motley Fool, Australia. Director, City Recital Hall
"I have one thing (that billionaire over there) will never have: enough.... I *don't* want to be the richest bloke in the cemetery." @tmfscottp.bsky.social on #MoneyUnplugged with @chrishillalx.bsky.social youtu.be/LoiDO-HIXI8?...
The $2 Million Car Mistake (Scott Phillips)
YouTube video by Money Unplugged with Chris Hill
youtu.be
Huge thanks to a follower who let me know about this scam using an AI video of me. It is *not* me. I am *not* behind it, or in any way involved with it. Please don't be scammed.
When this blows over I might have to share some of the emails I’ve received over the days which really make me wonder why I am the one accused of hatred. There is deep unresolved trauma being spewed by some of these people and we cannot consent to living according to their warped reality.
Hopefully the government follows through and dumps (probably unworkable) legislation to restrict or limit AI implementation. Don't get me wrong: it'll have downsides. But it's here to stay. Ignoring it would mean we miss the benefits and become internationally uncompetitive.
A roundtable with nothing on the tax table, this term? It's like discussing tax reform but excluding GST. (Yes, a delayed reform is better than no reform, but so much for an emboldened second-term agenda.)
We had to put our 11yo German Shepherd, Abby, down today. We're gutted, but thankful. Do me a favour: "Be the person your dog thinks you are"
Only Trump could think making American healthcare more expensive was a good thing.
More (expected) economic stupidity from the US administration. Some (relatively) good news for us, though: our tariff will be 10%. Worse than 0%, but better than the 15%-20% reported earlier this week. (For now... who knows what he'll decide next week.)
This is some really interesting work from the Productivity Commission. The scope was too narrow (they were told company tax changes must be revenue neutral), but it's a really provocative idea. It has some good and bad parts, IMO, but a great starter for discussion.
Somewhere, in NW Queensland... "Hey, fellas. It worked for Whyalla. Let's tell the State and Federal government we want some money, too!"
Mixed news on inflation. - Headline fell to 2.1%, which is excellent. - 'Trimmed mean' meaningfully higher at 2.7% - Quarterly headline at 0.7% is 2.8% if annualised, so we need to be careful with the annual number (see ABS chart - the 2.1% benefits from lower past quarters)
Not only is the Productivity Summit likely to just be a series of PR set-pieces (and a waste of time, because those things could be discussed/communicated without a talkfest), but every group is now pushing their own barrow. National interest? (Good for the papers, though!)
This is silly. King Canute couldn't hold back the ride. Neither can the unions (or governments) on AI. Yes, look after displaced workers. But don't pretend that protectionism is a valid response - it'll only make us internationally competitive and hard living standards.
Hopefully the Treasurer is still open to fixing this Super tax. A reminder: We *should* collect more tax from large Super accounts. But... - It shouldn't be retrospective - It should be indexed - It shouldn't be levied on *unrealised* gains
Language matters. This sentence is 100% accurate, but it picks the wrong subject, IMO, and lets Trump pretend there is no tariff impact on Americans. Just as accurate, and more clearly, it could read: "Americans will pay 15% - 20% more for imports..."
Got through it unscathed, thankfully. :) Just FYI, my regular spots: Nine Late News Sun - Thurs 2CC Canberra 6.45am and 5.30pm weekdays 2GB Sydney 2.30pm weekdays Sky News 7.10am Tues 4BC Brisbane 12.45pm Fri MMM Riverina MIA 7.10am Weds MMM Sunraysia 7.30am Fri
Scott Phillips@tmfscottp.bsky.social · last yr.Time to get back on the finance horse. First official day back from leave is tomorrow, but my first hit out is with Jane Goldsmith for Nine's Late News later this evening. Let's see if I can remember how to do this...
This is a 'deal' in the way that the school bully has a 'deal' with the kid who is forced to hand over his lunch money.
The first term of the Albanese Government was the second most secretive in the last 30 years - more secretive than the Morrison Government. This has to change in their second term - we need more transparency and respect for the Australian people. www.canberratimes.com.au/story/902424...
Time to get back on the finance horse. First official day back from leave is tomorrow, but my first hit out is with Jane Goldsmith for Nine's Late News later this evening. Let's see if I can remember how to do this...
Home! More than 12,000km over almost 5 weeks. Bowral, up through NSW and Queensland to Darwin. Then Kakadu, Arnhem Land and Litchfield. Then back to Darwin and home. Thanks for following along. #TopEndRoadTrip
Next time you're in Cowra, do yourself a favour and have brekky at the Kendall Street Cafe. Great food and service. #TopEndRoadTrip
Spent last night at the Hotel Corones, because of forecast rain. Great old pub in Charleville. #TopEndRoadTrip
