It comes down to understanding what you’re doing. Not believing the hype. UT has a good understanding of what their doing, the risks they’re taking and the arithmetic. When I came to Oz 25+ years ago, negative gearing was all the rage. The in-laws were all saying that we needed to get into property, to reduce our tax. I said, “wait a minute! Negative gearing means that you are investing with the intention of losing money? That sounds a great strategy - not.” Capital gains, they all crowed, it’s the capital gains!! Yes, says I, on which you get taxed. Well, with interest rates at 21% and no capital growth for the next 8 years, that would have been a real winner, eh? Stick to stocks, selected for rapid growth, held for more than twelve months to halve the tax we will.
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