Chris Brycki

speaker

759 appearances 3 recordings 2 series first heard Mar 2022 last heard 30 Jul

Chris Brycki’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.

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The Money Puzzle · Mega floats, market froth, and whether investing in SpaceX risky or smart · 11 Jun 2026 podcast

You know, there is the fact that young people saving up in shares are now going to be penalized with a 30% tax rate.

The same people that are trying to buy properties that, you know, apparently this policy is trying to help.

So there are so many contradictions and problems with this.

You know, I think that's, you know, why there's been over 500 submissions.

So it's a great question.

I think one that a lot of people are thinking about because it's pretty typical in a portfolio to have a few losers and a few winners.

Well, no, the stats show that, yeah, most actually it's like 60 to 70% of shares fall in real terms over time.

So the share market's made up of a few big winners and lots of small losers, as anyone that's speculated in penny stocks would be able to attest to.

But yeah, the problem, Ben, is that under this proposal, you wouldn't be able to

you know, essentially use that real loss on your portfolio to offset other gains.

And this is a huge problem.

And a few people, including myself, have put a few examples online to show what this really means.

But if you have a portfolio with a few small losers, like the one you've described and one big winner, the problem is you now have to pay a much bigger tax rate on that winner because you don't get the 50% discount and indexing isn't going to have a lot of impact, but you don't get to write off all of the,

nominal losses on those, or sorry, the real losses on those losers, only a nominal loss, which means that your effective tax rate can be a lot higher than even 50%.

And the amount of return that you're keeping versus the government's keeping can be minuscule.

So, you know, from my calculations and others online that have done these calculations, it

Doesn't make a lot of sense to own a portfolio of shares at all.

Now, if you're going to own shares, the only sensible way to own them is in a structure like a ETF where that netting happens internally within the structure.

And then you earn the difference between all the winners and losers, because then you do get to take advantage of all of the winners and losers canceling each other out.

So it's an important question and a good one.

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