Simon Looi

Private investor focusing on Australian and US markets.

[Geoff Wilson @GeoffWilsonWAM]

Labor Govt turning Australia into the world’s biggest CGT ‘shithole’.
Scrap the 50% discount, slap on inflation ‘indexation’ + a 30% floor = up to 47%+ effective tax on real gains from property, shares & business.
Highest in the developed world. Crushing investors, killing incentives, and smashing housing supply while they pretend it’s ‘fairness’.
This is economic self-harm by a clueless government that hates success. Wake up Australia. 🇦🇺

[Owen Rask @OwenRask]

How to fix ‘The’ budget. Ready your 🍅🍅🍅

1) remove the min 30% CGT (on everything). It’s dumb because it will hurt lower income people the most AND crush investment and innovation in Australia. Double whammy. Easy fix: don’t do it.

2) move to CGT indexation if you want to (but rebase at 30 June 27 - investors would actually like this and it gives the ATO, people and accountants time to adjust.)

3) no more negative gearing on existing houses (yes, that makes *some* sense)

4) your 5% deposit scheme should be available on new builds only, not existing.

(think about it - the 5% scheme pushed up house prices, left young people with huge mortgages and higher interest rates, and no new houses got built…).

5) give away $4.80 per week (WATO), if you want (no one cares anyway - on either side— so whatever floats your boat).

6) keep the $1,000 instant tax deduction

(most Aussies will figure out this is just finding a way to make people feel a little better about the government as they start to think about the next election. Better idea: an increase in the lowest tax threshold would have supported Australians more in their pay. Double better: again, modestly lift the lower tax thresholds (up to say $150,000) - this way you won’t need complicated things like offsets, WATO, and LITO - which 99% of Australians don’t understand anyway. Plus you’ll get more votes!)

7) give Australians a 10-year housing plan

(note for readers: neither government has an *actual* 10-year plan for housing. Like, a real one. They just throw us numbers that sound big but there’s still actually no plan. For the polls: Most Aussies know it’s hard/impossible to build 1m houses - especially with unions, data centres, mining and so on, drawing in workers like chippies, bricklayers, electricians, plumbers, etc. If you told us exactly how many tradies we needed for migration, we would probably cop it and agree… see below.)

8) do WAY more to support affordable and social housing as per #7: homelessness is rapidly rising amongst women 45+. This is having huge impacts on their children and families (typically kids or teenagers - who become disenfranchised with the system and resent ‘the system’ - I was once one of the teenagers that hated the system FYI).

If you must*, use the same rules for industry super funds that you’re pushing onto Australians. From July 1, to receive Super tax rates on property = new builds or social housing only!

9) unless you can do the above, curb immigration - even just a little bit.

(Most Aussies - even economists - don’t fully understand how much this would push up inflation, however, we also know slowing immigration doesn’t make us racist. Many people are blaming immigration *because* they believe the rest of the policies are against them and don’t have a way out.)

10) tax gas exports already! FFS. Australians don’t pay you to protect Japanese and South Korean companies!!! Put the tax money into a sovereign wealth fund, support sustainable farming, add to defence, social housing, aged pension… who gives a shit. Most Australians would agree foreign companies should pay *at least some* tax to take our stuff.

11) that’s enough policies for one term.

Get out of the way of business and taxation. Probably your most important job is fostering respectful Australian pride: make us feel great for being Australian and remind us regularly how amazing our country is and what the next century could be for us. If you don’t, OneNation will.

We have so much to be proud of, our democracy is great, our global position couldn’t be better, we have resources, sun, beaches, and diversity. Plus, we’re pretty freakin’ good at sports.

* all of these sound great and would win so many votes - from everyone. But the biggest supporters of government are often unions, union-backed Super funds (like CBUS, etc.) and foreign lobby groups. I’m not knocking them - it’s just the reality. It’s easier to tax individuals and small businesses…

[Simon Looi @simonlooi2]

@OwenRask 12) stop the spending growth.

This is a tax grab to fund uncontrolled spending.

[Simon Looi @simonlooi2]

@realroseceline Sounds like my technique! Over time one recognises patterns in a business that warrant a deeper look.

[Simon Looi @simonlooi2]

@forager_gareth Not that great. Wise charges fees above $350 withdrawals per month. Better off with Macquarie or UP debit accounts which are fee free and Mastercard FX spot rates. Or Comm Bank Ultimate Awards and Bendigo FX free Credit Cards.

[Simon Looi @simonlooi2]

@historyinmemes How does the plane take off again with that short runway? 😀

[Simon Looi @simonlooi2]

@CraigFo81626477 @RegisBuckland @EvinPriest @GolfDigestAU Outside of the 18 holes, what does the cost cover (in detail if possible)? Going there in a few months.

[Simon Looi @simonlooi2]

@LogicalThesis $META . The "hair" is that you have to believe Zuck doesn't do a Metaverse capex spend with the AI build out.

[Simon Looi @simonlooi2]

$LOV.AX store rollout ticking along, with SSS slightly positive.

[Simon Looi @simonlooi2]

Smart Parking $SPZ.AX FY2025 shows continued execution with sites under management growing. Recent expansion into Germany, Denmark, and USA will start coming through in the following year's numbers. Keep an eye on it!

[Simon Looi @simonlooi2]

@pernasresearch @hurdle_rate @AltaFoxCapital This ranks 2nd in Masters ending behind Tiger's 2019.

[Simon Looi @simonlooi2]

@hurdle_rate @pernasresearch Which course do you play at normally?

Swing wise: You're swinging from outside in. Look to swing from inside out - more distance, less slices.

Come to Melbourne and play the Peninsula courses!

[Simon Looi @simonlooi2]

@BrazierMat68791 What are your thoughts on the capitalised software dev expenses? Would prefer if it was expensed, like most other software businesses.

[Simon Looi @simonlooi2]

@Psych_Bags 5 projects in backlog means future quarters should be good.

[Simon Looi @simonlooi2]

Smartparking $spz $spz.ax showing continued revenue growth in first 2 months of FY25.

[Simon Looi @simonlooi2]

@Mathan_Soma Best to follow Europe. Delays more than 3 hours. Compensation. Airlines in Oz are not being punished for their behaviour and bad planning.

[investorpa @investorpa]

🚀 Exciting news! We’ve launched a game-changing new feature called Fast Feed that summarises announcements, making it easier for investors to stay up-to-date. 📰✨

Watch the video with sound on! 🎧

[investorpa @investorpa]

📢 We’re back! InvestorPA is relaunching to bring you timely email notifications of ASX announcements for the stocks you follow. Available now - click the link in our profile to stay on top of the market! 🏄‍♂️

[Simon Looi @simonlooi2]

@zhanginu @ausnotes Surely $pfp.ax fits the criteria. Majority in 60s would shop for planned funeral arrangements or for their elderly parents who just died?