Thanks for your ongoing support. I hope you enjoy this conversation with Roger Montgomery. For those trading stocks, ETFs & commodities or building your SMSF we have partnerships deals with eToro & New Brighton Capital to help you get set up. eToro $100 Bitcoin Bonus: nuggetsnews.com.au/nuggets-news-partners-with-social-trading-giant-etoro/ New Brighton Capita free consultl : newbrightoncapital.com/nugget
I am sick of the RBA, APRA, and politicians interfering in the property market. They will just keep propping it up until they cant and more people will suffer as a consequence of their interference.
The incompetent Reserve Bank top public servant idiots have caused this farcical situation. Young people have zero chance of buying a first home in cities during their lifetime, unless they have wealthy parents/grandparents. That means less than 1 percent of school leavers. And the poor pensioners receive almost nothing for their money in a bank fixed deposit. The Australian government is a waste of space.
With time, the paradigm of having to own the house will change. For example, in Germany, a third of the accommodation is owned by the city councils. The citizens can live in those places for as long as they wish. As a result (or maybe the cause), the Germans do not have a strong desire to own a house. I hope something similar will occur in Australia by the time I retire.
@@antoniohuerta9144 For that to work here we would need a massive reform of home leasing/tenant laws. In Germany, it is very difficult for a landlord to evict a tenant. In Berlin you can even buy a property and not be able to live in it because of the tenants who are already living there...What's more is that there should be mandatory regulations for home owners to upkeep their properties. Just like cars, rental properties should be forced to comply with strict regulations, e.g mould checks, insulation etc. which the landlord must pay for to fix any issues. Basically if I had my way, I would make property as an investment defunct..in order to do that this country would not a great deal of other reforms as the problems run deep.
That is exactly what they want, you can have more control over the population if they all have to rent or lease everything their whole life. It's the end game of capitalism, everything owned by the few & we all know governments, big corporations & central banks are joined at the hip. We all get confused & distracted by the little picture subjects & the end game never changes.
Jennifer Maple In Perth houses are built using double brick. Which is the same as Europe. That means sturdier and better insulation. In the Eastern states, houses are built like the USA where houses are built using wooden frames and plasterboard.
@@oli9609 Precisely. I can't imagine the fortune that's wasted on gas and electricity in Melbourne heating and cooling these dogboxes decade after decade.
frydenberg is an Austrian! After 10+ years of deficits where has it got us? I support the idea of pulling back the government and letting the private sector grow 👌🏻
Yes, cutting the bottom tax rate is probably the best way of stimulating the economy. Low income earners spend more than they save, which is what the government and the RBA want. Forget more infrastructure spending; go for targeted tax cuts.
The problem is that for the average person, a surplus of money is difficult to obtain. So, normal people will use any reserve to save and/or reduce debt. The 1%, on the other hand, have a surplus of cash and these people are putting it in the market. So, there is not enough money to stimulate the economy. I live in the US and anecdotally, I am seeing a similar thing happening here where normal people are living paycheck-to-paycheck.
Roger was fidgety half way through the interview, I think he had better things to do with his time. Being all in on stocks now & no cash is not good advice IMO, I feel sorry for the average investor that follows his advice & doesn't have their finger on the sell button when the market collapses.
That ending... Alex: Do we promote Tech and Health industries? Roger: We need to get construction going again so tradies spend their money. Even when the start of the conversation he said nobody is buying new apartments anymore.
They need to bring house prices down. If I can get a reasonable priced house I’d buy a boat new car and a bunch of other crap. Can’t let my deposit go down atm.
@nugget a local question. Is Hobart/Tassies property price growth a result of fudged numbers? Worth buying as a first home buyer or likely to take a hit not long after having bought?
On your point about cutting tax rates, the tax threshold is very, very low. Move it up to even half the poverty line would not make much difference. Maybe if the poor are never taxed...but that's $53000 pa currently. Not even the Labor party could make that work. The answer is move people out of poverty. Helicopter money into the real economy (just like wages paid into the economy from iron ore exports does) and people that couldn't afford a loan now can. The irresponsible debt bubble can keep inflating.
Credit availability...you mean credit attained based on your income. Credit always available. But if your income is low compared to the poverty line ($53,000) you don't have the Income to get credit. That's the underlying factor here, more and more people slipping into poverty.
Like most commentary off tangent. 1/3 of people have a mortgage... it's nothing. People buying homes right now are not buying them to live in! Infact the average Aussie is lucky to even get a home loan. And how many average Jo Australians have ASX shares... F' all, that's how many! The S&P500 @1.7%? WTF. What weed are you smoking? I made 20% of the index in 2019.
@@bobthebuilder9416 ... Thanks for the tips:) In just a few weeks I have been way down and way up.. I have no family so it's all on me and I might die tomorrow.. If the particular crypto i'm mainly in does what my research tells me will do then I could buy a Lambo with my food money:)
@@r1yamahamini Goodluck..I hope that works for you....But one thing I have learned, in terms of investing, is never go all-in on anything. yes, 95% is close enough to all in.
Thanks for your ongoing support. I hope you enjoy this conversation with Roger Montgomery.
For those trading stocks, ETFs & commodities or building your SMSF we have partnerships deals with eToro & New Brighton Capital to help you get set up.
eToro $100 Bitcoin Bonus: nuggetsnews.com.au/nuggets-news-partners-with-social-trading-giant-etoro/
New Brighton Capita free consultl
: newbrightoncapital.com/nugget
I am sick of the RBA, APRA, and politicians interfering in the property market. They will just keep propping it up until they cant and more people will suffer as a consequence of their interference.
The incompetent Reserve Bank top public servant idiots have caused this farcical situation. Young people have zero chance of buying a first home in cities during their lifetime, unless they have wealthy parents/grandparents. That means less than 1 percent of school leavers. And the poor pensioners receive almost nothing for their money in a bank fixed deposit. The Australian government is a waste of space.
With time, the paradigm of having to own the house will change. For example, in Germany, a third of the accommodation is owned by the city councils. The citizens can live in those places for as long as they wish. As a result (or maybe the cause), the Germans do not have a strong desire to own a house. I hope something similar will occur in Australia by the time I retire.
@@antoniohuerta9144 For that to work here we would need a massive reform of home leasing/tenant laws. In Germany, it is very difficult for a landlord to evict a tenant. In Berlin you can even buy a property and not be able to live in it because of the tenants who are already living there...What's more is that there should be mandatory regulations for home owners to upkeep their properties. Just like cars, rental properties should be forced to comply with strict regulations, e.g mould checks, insulation etc. which the landlord must pay for to fix any issues. Basically if I had my way, I would make property as an investment defunct..in order to do that this country would not a great deal of other reforms as the problems run deep.
That is exactly what they want, you can have more control over the population if they all have to rent or lease everything their whole life. It's the end game of capitalism, everything owned by the few & we all know governments, big corporations & central banks are joined at the hip. We all get confused & distracted by the little picture subjects & the end game never changes.
Landeen Sounds like socialism to me.
@@geoffphillips5872 It's not socialism, it's just ensuring people live in decent conditions, I detest left/right wing politics.
The quality of Aussie housing is trash. That's one thing that's always ignored.
@Jennifer Maple I should be clearer. The quality is good in Perth but Melbourne is rubbish.
Jennifer Maple In Perth houses are built using double brick. Which is the same as Europe. That means sturdier and better insulation. In the Eastern states, houses are built like the USA where houses are built using wooden frames and plasterboard.
@@oli9609 Precisely. I can't imagine the fortune that's wasted on gas and electricity in Melbourne heating and cooling these dogboxes decade after decade.
Jennifer Maple No it's not, by European standards it's awful and their housing is way cheaper.
frydenberg is an Austrian! After 10+ years of deficits where has it got us? I support the idea of pulling back the government and letting the private sector grow 👌🏻
Yes, cutting the bottom tax rate is probably the best way of stimulating the economy. Low income earners spend more than they save, which is what the government and the RBA want. Forget more infrastructure spending; go for targeted tax cuts.
The problem is that for the average person, a surplus of money is difficult to obtain. So, normal people will use any reserve to save and/or reduce debt. The 1%, on the other hand, have a surplus of cash and these people are putting it in the market. So, there is not enough money to stimulate the economy. I live in the US and anecdotally, I am seeing a similar thing happening here where normal people are living paycheck-to-paycheck.
Thanks Nugget , a great interview ,
When Roger talks I listen 👍
Great conversation & interview Alex, as always so many interesting points I liked, 09:20 22:37 28:43 30:49. Thanks Mate
Thanks Nugget's News. Great video.
Roger is pretty good. Thanks for having him on. 🙂
Roger was fidgety half way through the interview, I think he had better things to do with his time. Being all in on stocks now & no cash is not good advice IMO, I feel sorry for the average investor that follows his advice & doesn't have their finger on the sell button when the market collapses.
Fantastic podcast as always Alex!
Great interview nugget!
That ending... Alex: Do we promote Tech and Health industries? Roger: We need to get construction going again so tradies spend their money. Even when the start of the conversation he said nobody is buying new apartments anymore.
Thanks., great presenters!!!
Great ! Thanks...loved it.
They need to bring house prices down. If I can get a reasonable priced house I’d buy a boat new car and a bunch of other crap. Can’t let my deposit go down atm.
Let’s get physical physical.. Gold.
Montgomery burns 🤣
@nugget a local question. Is Hobart/Tassies property price growth a result of fudged numbers? Worth buying as a first home buyer or likely to take a hit not long after having bought?
On your point about cutting tax rates, the tax threshold is very, very low. Move it up to even half the poverty line would not make much difference. Maybe if the poor are never taxed...but that's $53000 pa currently. Not even the Labor party could make that work. The answer is move people out of poverty. Helicopter money into the real economy (just like wages paid into the economy from iron ore exports does) and people that couldn't afford a loan now can. The irresponsible debt bubble can keep inflating.
Is there any way to save withdrawal fees on etoro?
Credit availability...you mean credit attained based on your income. Credit always available. But if your income is low compared to the poverty line ($53,000) you don't have the Income to get credit. That's the underlying factor here, more and more people slipping into poverty.
People have lost money buying property in the last 5 years? What?
Aweaome video as usual Alex.... I know it was mentioned last interview you had but.... any relation?
Don't think so haha
Great movie to watch to open your eyes ( Margin Call ) lol
Like most commentary off tangent. 1/3 of people have a mortgage... it's nothing. People buying homes right now are not buying them to live in! Infact the average Aussie is lucky to even get a home loan. And how many average Jo Australians have ASX shares... F' all, that's how many! The S&P500 @1.7%? WTF. What weed are you smoking? I made 20% of the index in 2019.
Low interest ans tax for low income sounds good might help.
I see what you did there, swapped your glasses, round for square 😎🤓
Alex's Dad again??!!
Iv'e been in debt ever since I left school in 92, just now I've got a little money to invest.
I've gone 95% in on crypto:)
VeChain = Lambo🏎
Do more research; personally i like gold, land, and maybe %10 crypto %5 being bitcoin. Im definitely not %95 in crypto lol
@@bobthebuilder9416 ... Thanks for the tips:)
In just a few weeks I have been way down and way up.. I have no family so it's all on me and I might die tomorrow..
If the particular crypto i'm mainly in does what my research tells me will do then I could buy a Lambo with my food money:)
@@r1yamahamini Goodluck..I hope that works for you....But one thing I have learned, in terms of investing, is never go all-in on anything. yes, 95% is close enough to all in.
VeChain = Skateboard
@FuckILoveYouTubby .. I doubt I will be alive in 30 years:)