Stuart Wemyss (@StuartWemyss) header
Stuart Wemyss (@StuartWemyss) profile picture

Author, podcaster and adviser. Founder of ProSolution Private Office. Cats fan. Lover of red wine. New book available now: https://xitter.gq/t.co/6uC0mdPCk0

Melbourne
Joined August 2009
Photo by Stuart Wemyss (@StuartWemyss)Photo by Stuart Wemyss (@StuartWemyss)Photo by Stuart Wemyss (@StuartWemyss)Photo by Stuart Wemyss (@StuartWemyss)Photo by Stuart Wemyss (@StuartWemyss)Photo by Stuart Wemyss (@StuartWemyss)Photo by Stuart Wemyss (@StuartWemyss)Photo by Stuart Wemyss (@StuartWemyss)Photo by Stuart Wemyss (@StuartWemyss)Photo by Stuart Wemyss (@StuartWemyss)
Stuart Wemyss retweeted
Latest ATO tax data (FY24) dropped this week. When @AustralianLabor or @Greens argue the system isn't working or greedy property investors (aspiring Aussies) aren't paying their fair share of tax - the ATO data calls out these lies. GCT Tax revenues $38.6b Plus - Number of rental properties net positive or neutral income (paying taxes) = 1,069,086 properties (45.77% of total rental stock). #auspoll26 #auspol #auspol26
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Stuart Wemyss retweeted
Replying to @AlboMP
@AlboMP today you said, “I haven’t seen any article by any serious commentator saying the housing system is working for Australians, that it is easier today to get into a home than it was when I first bought a home a long time ago, now 35 years ago.” The argument isn't about that housing system needing improving, it does. However, the argument being put back to you, is about yours and the treasure's @JEChalmers solutions to fix it. @AustralianLabor Lied in the lead up to the election and post-election you didn't engage at all with property stakeholders. If you did, the solutions offered would be far better for home buyers and renters, than what you have put forward. We, the Australian people, can read between the lines - this isn't about intergenerational inequity, it about increasing taxes, because Labor's solution to fixing everything, is throw more money at the problem & keep your voter base happy. #auspol26 #laborlies
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Stuart Wemyss retweeted
Replying to @Lindamatija25
No. Treasury estimates, like a stack of other research, are that changes to negative gearing will have a tiny effect on prices, while increasing rents.
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Stuart Wemyss retweeted
The stock market is a giant distraction machine designed to test your stomach, not your brain. These mid-term drawdowns are not 'crises'; they are regularly scheduled sales. History proves that the most uncomfortable time to buy is exactly when your future self will thank you most. Volatility isn't risk—it's the price of admission for superior returns.
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Stuart Wemyss retweeted
What matters in the short run: -Wars -Oil prices -Tariffs -Interest rates -Sentiment -A million other things What matters in the long run: -Earnings Speculators focus on the short run. Investors play the long game.
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In my opinion, Milton Friedman was one of the best economists who ever lived: “Consumers don't produce inflation. Producers don't produce inflation. Inflation is produced only by too much government spending and too much government creation of money, and nothing else.”
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1. Stocks: all-time high 2. Home Prices: all-time high 3. Gold: all-time high 4. Money Supply: all-time high 5. National Debt: all-time high 6. CPI Inflation: 4% per year since Jan 2020, 2x the Fed's "target" 7. Fed: cutting rates again next week
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We are demanding a full retraction and public apology from the ABC. Last night on 7.30, the ABC deliberately misrepresented our report that led to the National Party abandoning Net Zero in an attempt to discredit our thorough research into the Australian energy market, net zero policies, and their effects on households, businesses and our environment. Our paper, Delivering a High Energy Australia, is a meticulous, evidence-based discussion paper built on more than 160 detailed references. It lays out, in full, how Net Zero is driving up energy prices, crippling Australian industry - and what we can do about it. But instead of engaging with the facts, the ABC tried to smear our work by claiming that our modelling came from Coal Australia. This is blatantly false. Our energy numbers both in this report, and the report we released earlier in the year have come from analysis of a number of sources, including but not limited to; the CSIRO, CIS, AEMO, Australian Energy Regulator, Australian Bureau of Statistics, DCCEEW, Net Zero Australia, Arche Energy, Adept Economics, the World Bank and the International Energy Agency. It also contained our own internal calculations based on publicly available data, and this too was made clear in both the body of the report and in the footnotes. The modelling Coal Australia commissioned from Clean Energy advisory firm Arche Energy merely reinforced our earlier findings, which is why we cited the work as an additional, supplementary reference in the report. And the ABC knew this. Before going to air, they reached out to us for clarification, and we made this clear. Yet despite knowing the truth, they ran the false claim anyway, and in doing so they knowingly misleading their audience to cast doubt on legitimate research. The ABC needs to be held accountable. We’ve demanded a full retraction and apology. Australians deserve to hear the truth, not taxpayer-funded lies designed to undermine real, legitimate research.
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Stuart Wemyss retweeted
Australia’s GDP grew 1.4% last financial year. On paper, we’re richer. But GDP per capita fell 0.3%. Per person we're poorer. Bigger cake, smaller slice. GDP per hour worked dropped 0.7%. The taxpayer-funded non-market sector was the weakest link.Gross value added per hour worked fell 1.9%. That same sector has driven most of our jobs growth, about 60% since the pandemic, and nearly 80% over the past two years, largely in the NDIS and care economy. Growth without productivity doesn’t lead to prosperity. Even massive immigration growth can't mask our stagnant economy. Australia is running faster just to stay still. What we need is market sector growth. That means rewarding work, investment and innovation with lower taxes, lighter regulation, and fewer legislative roadblocks. Only a freer, more productive economy can lift living standards for everyone.
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Stuart Wemyss retweeted
“Why should I own anything other than the S&P 500?” That was the most common question investors were asking at the start of the year. Now they have the answer…
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Vanguard recently came out with a great piece on the emotional and time value of advice. Here are some of my favorite insights from the piece... Clients who receive financial advice are half as likely to experience high levels of financial stress as those who do not (14% vs 27%). 86% of those receiving financial advice say they have greater peace of mind than when they were DIY-ing their money. Advice does elevate positive emotion, but is even more effective at lessening negative emotion. 76% of advised clients say that working with an advisor saves them time, with the median estimate being 100 hours per year. Workers report being distracted by thoughts about money 3.8 hours per week, a number that was halved among those who received advice. This leads to lost wages of roughly $6,000 per employee/year.
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Stuart Wemyss retweeted
I see 4 teenagers have been charged following two carjackings in Werribee last month. Under the toughest bail laws in the country they have been released on bail
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🚨Stock market valuations levels are absolutely CRAZY: The US market is trading at 22.8x forward P/E, one of the highest readings in history. Historically, US equities have only been more expensive less than 10% of the time. Meanwhile, EM markets are historically cheap.
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The S&P 500's price to peak earnings ratio has moved up to 27.3, its highest level since 2000 and 59% above the historical median. $SPX Video: youtube.com/watch?v=ZCe_WznB…
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If you're pissed off with your vehicle insurance premiums going up and up. Blame Victoria.
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Stuart Wemyss retweeted
What a joke Trump is destroying the US economy, remarkably quickly
Tariffs were pitched as the fix for America’s trade deficit. Instead… First 7 months of 2024: –$500 billion deficit. First 7 months of 2025: –$654 billion deficit. +31% YoY 🚨 Record high. Video: youtube.com/watch?v=y-XQbmda…
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"Across Bunnings, Kmart, Target and Officeworks chains, sales growth in Victoria lags the rest of the country. But there’s one exception. The only area we’re seeing stronger growth in Victoria is the sale of home security products within Bunnings. It’s quite a sad statistic to be sharing." - Wesfarmers CEO
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The 69% decline in the $VIX over the last 20 weeks is the biggest volatility crash in history. Video: youtube.com/watch?v=h98CbZb6…
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Replying to @cmkusher
Unpopular opinion: getting someone to work 60-80 hours per week for a short time to show them it is possible, might be the best gift you could give them. I don't know a single successful person that hasn't worked 80 hours per week for a sustained period of time.
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The S&P 500 is now trading at 3.15x sales, its highest valuation in history. $SPX Video: youtube.com/watch?v=R_ZsO0U5…
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