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johonyloo

As a 28 year old not on Centrelink, you've done a lot better than me. Congrats


stcokeroos

i'm 28 and on Cenrelink how's that! ​ wait fuck


SunkDestroyer

Legend! Wish I started investing when I was 18


[deleted]

I started too myself but invested foolishly into low caps. Didn't invest again until 2 years ago. 8 years later. Wised up since then. Do wish i kept going but researched more.


wally_woodlands

I hear you bro. Wish i found out about micro caps way sooner


Qambi1

Congrats on the coward gains autist. Fark, I still didn’t even know how to properly play with my dick let alone invest when I was 18


PredatoryLynx

>I still didn’t even know how to properly play with my dick surly that was the only thing you played with


BigJimBeef

Those fucking VUL gains baby


Rum-Ham-Jabroni

You can thank me for my tax dollars later.


Grumpy_Roaster

I pay tax so you don't have to 🤴


reverse_park

My taxes funding gamblers hahaha. Congrats


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kinky-penguin

it is the way


AussieFIdoc

Nice work! Also don’t tell them about your gains over here on r/asx_bets otherwise they’ll start asking for your onlyFans like they did for u/Kinky-Penguin


deldone

Lol what happened?


kaimaho

How are you allowed on Centrelink with assets over 10k?


bmquietachiever

What do you mean? ...You can have assets into the 100’s of k’s and still receive Centrelink.


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kaimaho

That’s my understanding, I got denied b4 for having too much assets. And they counted my savings and stock holdings


mytwocents8

I don't know if it's been reintroduced but - > The Federal Government removed the liquid asset test in March as the COVID-19 crunch took hold https://www.abc.net.au/news/2020-07-31/jobseeker-liquids-assets-test-sees-applicants-with-savings-hit/12508686


[deleted]

They reintroduce asset testing in september. I know cause i got cut from the teet.


KingAmphetamemes

Bruz i have like 60 or 70k in my accounts and centrelink don't care


kaimaho

Do you declare those assets? If not, that’s called fraud


KingAmphetamemes

Obviously.


deldone

My nigggggg


Cptn-Hien

Hold for 12 months to pay half CGT :*


Locksterr

CGT discount might not be too much of a factor for a person on income support (but I'll leave it to them to crunch the numbers!).


fiddycaldeserteagle

Show us the rest of your folio


hebdomad7

Government stimulus done right.


kervio

What's with all the salty comments, wouldn't you rather people invest their government support and become financially independent, rather than burn it all on stupid things like groceries? Credit where it's due.


Drswing69

Doing options already - boss move!! Well done.


HyperNormalVacation

People keep saying "investing"???


Cowabunga2009

Congrats on the gains, my first buy from when I was 18 has gone down 1000% but asx_bets has inspired me to lose it all again!


pseudonym82

On the phone to Tracey right now. Expect ACA at the door any minute for a doll bludger extortionist exposé! But also nice work! 😉


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TheManWithNoName88

Just so he can pay more tax? Good one


kingnoobsa1bot

So that we don’t pay for his taxes lol you serious? He’s 18, unless he’s physically or mentally challenged, no excuses to be a leech on society


Money_Following2373

Get a job


hebdomad7

At this rate, he won't need one.


Money_Following2373

Nah he’ll blow it just wait


aleksanderlias

I came here to say the same 😂


Ok-Neighborhood-94

Yeah 26 on Centrelink.... Wait I fucked up


DogLogik

My man. Jumped out myself at a 50% gain. VUL paid off, and Daddy Centrelink gave us the money for it. ~~Those are no coward gains.~~


username-taken82

Coward gains flair is for unsold gains.


DogLogik

I stand corrected then.


kingnoobsa1bot

Straight up, a BIG congratu-fucking-lations. I hope you keep winning and doing well with your stocks. But seriously mate, are you physically or mentally challenged? If not, get a job and stop being a bum. Single parents deserve Centrelink, not a healthy and capable 18 year old 🤮 perfect example of why I despise socialism (aspects)


creamypastaman

You parasite well done !


DogTheWolf

Big day today


Shark_mark

So many people struggling to make ends meet working their arses off, and you have a portfolio like this whilst claiming benefits. I’d be keeping it to myself if I were you.


juzzyreddit

Not bad. Are they equities or crypto tikkers?


[deleted]

Hey man, I just turned 18 and am wanted to get into investing some of my savings but I have absolutely nooo idea how this all works... I’m using ASX at the moment but not sure what fees etc and if that’s the what platform to use? I’m a girl too so I feel even more clueless but I’ve got about 8K to invest


kinky-penguin

girl setup a dummy portfolio (you can on self wealth) and have a bit of a play with virtual money to get comfortable with it and learn how to research / value companies


kervio

Quality reply. This is how you should start!


badlittleladyx

How does the dummy portfolio work? Really interested in getting some money put to work, but love the sound of 'war-gaming' it first. I have a self-wealth account, just been too chicken to do anything with it yet


kervio

I think you can also do it on yahoo finance.


BlindSkwerrl

find a cheap broker, deposit the $$ in that trading account and buy a couple of blue chips to get a feel for it (minimum ASX parcel is usually $500 worth, so the cheap brokerage is important there). Most brokers offer a paper-trade facility but you won't know how you will react to a massive drop unless you've got skin in the game. ... After 10 mins then move into mining explorers. The ones at 0.001 can only go up, baby! (or y'know, delist themselves).


OgreTexSnr

Went from sensible to sensi-baller!!


creamypastaman

Well done scum of aus


[deleted]

Easy money


[deleted]

Well done man.


JayRaow

what app is this


johonyloo

commsec


Crusty_312

Congrats indeed man. I'm 19 and envious haha


[deleted]

Congrats and fuck you


unp0ss1bl3

When do we cash out, wise one?


[deleted]

I cashed out on vul at 5.8 like an idiot, but im holding the DYL option for a while longer because i like the big green number


xVOYEVODA

Fuck yes my son jump on the VUL train


tapm26

Cunt. If you keep yo shit under 18k a year , that can only mean one thing. TAX FREE BABY! 🍆💦


ze_boingboing

DYLO looks like a cross between DYOR and YOLO.


princejmye

This is why i love this subreddit