Marco Longo

Partner and Co-founder of Cumulus Wealth. Love the market. I do not provide any advice on Twitter.

[christopher joye @cjoye]

Labor’s new capital gains tax of up to 46% to 47%, which is far and away the highest in the world, hammers all businesses, including small companies, harder the more successful they become. By applying the most expensive CGT regime in the world, Labor is taking almost half of the upside of any successful firm, encouraging owners and executives who own shares in the business to look at relocating overseas. The question, however, is how many small businesses will actually pay this tax in practice. We prepared the following simulation to highlight the impact. We took the long-term 20 year returns from Cambridge Associates for smaller venture capital companies, which grow by 12.2% pa. We adopted the ASX equity market volatility of 15% pa, which would understate the true volatility of small firms (and thus lead to a lower proportion of very high growth companies paying 46-47% tax in our analysis). We then ran a simulation to estimate the proportion of businesses paying CGT of more than 40%. We find that within 10 years more than half of all Aussie small businesses will be hammered by CGT over 40%, which rises to 78% of all small businesses by 20 years... By giving Australia the most uncompetitive business valuation tax in the world, this policy will crush innovation, entrepreneurship, spending, productivity, growth and our global competitiveness. We already have among the lowest productivity growth rates in the world: by reducing productivity further, we could raise the cost of living, inflation, and interest rates.

[American AF 🇺🇸 @iAnonPatriot]

Nancy Pelosi absolutely DESTROYED Warren Buffett in the stock market since 2012..

This is insanity.

[Marco Longo @mlongo888]

No brainer, just like China have been doing for decades

https://t.co/aYjspFzF3u

[Marco Longo @mlongo888]

@BobEUnlimited Hey what's another $3 trillion!

[Raoul Pal @RaoulGMI]

The long-term SOL chart is stupid bullish...

[Raoul Pal @RaoulGMI]

$SOL... literally couldnt be a more bullish long term chart...when it breaks higher, its going to ACCELERATE.

[Marco Longo @mlongo888]

$73k was the key break out level to be excited about but $100k feels pretty good too! #BTC

[The Chartist @thechartist]

RIP Jim Simons.

Possibly the G.O.A.T of trading. 66% CAGR over 30+ years. Via @TheShortBear

[Marco Longo @mlongo888]

@StanH2443 Now completed

[Marco Longo @mlongo888]

@StanH2443 Reverse head & shoulders set up also in play

[Marco Longo @mlongo888]

@StanH2443 Reverse head & shoulders set up also in play

[Marco Longo @mlongo888]

@StarDestr0yer @DanielAndrewsMP Commenting on government controls on rental hikes, Andrews mentions we are in a "market economy". LoL

[Marco Longo @mlongo888]

@wolfejosh D7 to B5 finishes it in 1 move

[Marco Longo @mlongo888]

@wolfejosh F2 to G3

[Elon Musk @elonmusk]

The most entertaining outcome is the most likely

[Marco Longo @mlongo888]

@leadlagreport What about the MOVE? Few understand this

[Marco Longo @mlongo888]

Greed and fear can manifest itself in many different ways but are always present in markets. Shorters I'm sure will be working 24/7 this weekend trying to find the next SVB (greed), depositors will be working 24/7 on working out whether their money is safe (fear)

[Marco Longo @mlongo888]

@PisceanGun @OzOracle He wouldn't know preferred stock from livestock

[Jim Bianco @biancoresearch]

Who knew we have been training people for 90 years to be a central banker?

[Marco Longo @mlongo888]

What a come back from Rafa. One for the ages. #21