James Kirby

I don't want to roll down the political line too much, but there is an irony that the grandfathering of the negative gearing, for instance, creates a privileged class of older investors who can negatively gear forever, which I would have thought was the exact opposite of what they were trying to achieve.

However, what I want to concentrate on is what it means for everyone listening who is an investor.

So let's just talk then about the main, I imagine for most people, shares and ETFs and managed funds, which are folks, they're all the one thing, right?

They're investing in the share market regardless.

It's just a question of the vehicle you're using.

Are there types of shares that win here and are there types of shares that lose here?

And would you explain the difference?

There's no income.

Just to wind back for a moment, we'll cover both issues.

We don't want to confuse the listeners.

When you said negative gearing there, you're talking about negative gearing your share portfolio or your ETF portfolio or your managed fund portfolio.

It doesn't matter.

Most people don't negatively gear shares, do they?

Or am I wrong?

They're buying GEAR.

Right.

But what about the negative gearing, the way that we know it, where the person literally gets a loan to buy their shares and then

Yes.

Good.

Very good.