Lazy Millionaire’s

What’s better than working hard and being rich?

Doing minimum work and still being rich! Remember to always work Smart not Hard

Of course money won’t rain down on you, so there is initial hard work needed. But you must have a plan, a pivot point where you slow down and your money makes you more money while you sleep, Golf or Ski.

Step 1: Decide how much you want to invest

Decide how much of your income you wish to invest as soon as it comes in. This is a case by case, not one rule fits all but always try to put away 30% at a minimum

Step 2: Decide on a goal

Decide on a goal, is it retiring comfortably? Or growing your portfolio so it replaces your income and you can travel the world, and do things you enjoy rather than spend time in your cubicle making your boss rich

Step 3: Decide what to invest in

There are lots of assest classes you can invest in -Bonds, property, luxury watch’s or fine art. If you have high risk tolerance you can roll the dice with crypto, alt-coins. But consistency is king so always hedge risks and keep enough in the stock market or government bonds.

In the future we will break down assest classes and the risk associated with all, for now make a framework/outline your goals.

Remember: You gotta be in it to win it! So get in the market and ride that wave, you will come out in the green

^{The S&P 500 on Thursday closed above the threshold that marked its exit from the longest bear market since 1948.}

The large-cap benchmark SPX, +0.11% rose 26.41 points, or 0.6%, to close at 4,293.93 on Thursday, marking a gain of more than 20% from its Oct. 12 low.

Here are some key stats from Dow Jones Market Data:

• The S&P 500 had been in bear-market territory for 248 trading days; the longest bear market since the 484 trading days ending on May 15, 1948.

• Excluding this most recent bear market, the average bear market lasts 142 trading days.

• It took 164 trading days from the bear-market low to exit; the longest period from bear-market low to exiting a bear market since the 191 trading day period ending July 25, 1958.

• Excluding this bear market, the average bear-market low to bear-market exit is 61 trading days.

• The index fell 25.43% from its recent high to its bear-market low, on a closing basis.

• The index is still 10.5% off from its record close of 4796.56, set on Jan. 3, 2022.

New Rules this tax time for Work From Home Expenses.

5 million Australians claimed work from home expenses last financial year, but the ATO has introduced changes to how you can use those claims this tax time.

Actual Cost Method

Here you can claim each expense you have for working from home separately.

But you need to apportion what's private and what's work-related.

You can claim separately for:

• the decline in value of depreciating assets – for example, home office furniture (desk, chair) and furnishings, phones and computers, laptops or similar devices.

• electricity and gas (energy expenses) for heating, cooling and lighting

• home and mobile phone, data and internet expenses

• stationery and computer consumables, such as printer ink and paper

• cleaning your dedicated home office.

The other method that is available is the 67 cents per hour revised fixed rate method.

Fixed Rate Method

The method to claim 67 cents for each hour you work from home doesn't require you to apportion expenses between private and work.

But it also restricts you from claiming each expense item separately. It assumes all your expenses were at that rate and takes in:

• home and mobile internet or data expenses

• mobile and home phone usage expenses

• electricity and gas (energy expenses) for heating, cooling and lighting

• stationery and computer consumables, such as printer ink and paper.

"In prior years, you actually had to have a dedicated workspace in order to use that method, [such as] a home office, whereas now what we're saying is, we know millions of Australians work from the kitchen bench or the dining table or even the couch," Mr Loh says.

"It's really easy to use. [All] you need to do is work out the number of hours you work from home, multiply that by 67 cents per hour. And that's your deduction for your working from home expenses."

Tesla short sellers down $6.08 billion in stock’s 11 session winning streak.

Traders who have sold Tesla Inc (TSLA.O) shares short have lost about $6.08 billion on a mark-to-market basis during the electric car maker's current winning streak, according to the latest data from S3 Partners.

Tesla's current rally, which will span 11 sessions if it closes Friday's session higher, has the stock up around 35% since May 24.

Investors who sell securities 'short' borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference.

Billionaire George Soros hands control of empire to son Alex

Billionaire financier George Soros is handing control of his massive empire to his son Alexander, a Soros spokesperson said on Sunday.

The spokesperson confirmed the details from an interview with Soros published in The Wall Street Journal on Sunday.

A hedge fund manager turned philanthropist and major backer of liberal causes, Soros, 92, said he previously didn't want his Open Society Foundations (OSF) to be taken over by one of his five children.

But speaking of his decision to turn over the foundation and the rest of his $25 billion empire to his 37-year-old son, who goes by Alex, the elder Soros said: "He's earned it."

If you have have questions, want to share your stories or just want to say hello email us at InvestingKoala23@gmail.com.

You can follow along for live updates on our Twitter where we also do giveaways.