BlinkyBill:

 

Eracode, that is pretty poor advice, as it is incomplete.

 

Sharesies pays 33%, if your tax obligation is less than that then you will need to process an adjustment. If you own more than $50k of foreign shares (except certain AU shares) you are subject to FIF tax arrangements and Sharesies, obviously, doesn’t manage that.

 

I think that when it comes to tax, you need accuracy. See your accountant.

 

In the overall context of this thread and that poster’s query, my answer was accurate enough.

Of course if he owns more than $50k of overseas shares, he’ll bump up against the FIF rules. However here he was clearly talking about a possible small investment and there was no need to go to the nth degree of detail on large investments.

I disagree. If someone invests based on the advice that Sharsies takes care of the tax, they may pay too much tax or get pinged by IR. Investment to any degree should be done in full knowledge, and not based on someone’s advice anonymously sourced from the internet.

$50k of foreign investments is a small amount.

If anyone invests $50k in foreign shares based solely on a short broad answer to their short general question on a forum on this non-financial topic, then they’re not being very smart. Not likely to happen like this. I agree with you - they should not invest based on someone’s anonymous advice they sourced from the internet.

Anyone investing $50k in foreign shares is not likely to invest via Sharesies anyway - if only because Sharesies can’t handle FIF tax issues - so my answer is not relevant to the outlier scenario you envisage.

When Peter Beck said that Neutron would (might?) be human-flight rated, I started to think about that.

SpaceX Crew Dragon & Boeing CST-100 Spaceliner are both ~12t mass, so much too heavy for the 8t Neutron.
I can't see Indian, Chinese or Russian capsules flying on any non-national booster, or for that matter being allowed to launch from the USA even if their manufacturers made them available
So the field of available capsules seems to be zero.

That leaves RocketLab to design, build and test their own capsule, including a Launch Abort System, and an Environmental Control and Life Support System and all the other things that are not needed for a cargo-only capsule.
And having built & tested them, get them crew-rated / certified by NASA or the US FAA.
💸 💸 💸 💸 💸 💸 💸 💸 💸 💸

I'm sorry to say that I think the "Crewed Neutron" is a flight of fancy

PolicyGuy:

 

When Peter Beck said that Neutron would (might?) be human-flight rated, I started to think about that.

 

SpaceX Crew Dragon & Boeing CST-100 Spaceliner are both ~12t mass, so much too heavy for the 8t Neutron.
I can't see Indian, Chinese or Russian capsules flying on any non-national booster, or for that matter being allowed to launch from the USA even if their manufacturers made them available
So the field of available capsules seems to be zero.

 

That leaves RocketLab to design, build and test their own capsule, including a Launch Abort System, and an Environmental Control and Life Support System and all the other things that are not needed for a cargo-only capsule.
And having built & tested them, get them crew-rated / certified by NASA or the US FAA.
💸 💸 💸 💸 💸 💸 💸 💸 💸 💸

 

I'm sorry to say that I think the "Crewed Neutron" is a flight of fancy

 

But a Crewed Neutron sounds pretty impressive, right? 

Handsomedan:

 

PolicyGuy:

 

I'm sorry to say that I think the "Crewed Neutron" is a flight of fancy

 

 

But a Crewed Neutron sounds pretty impressive, right? 

 

Sure does
"aspirational goal" maybe

PolicyGuy:

 

I'm sorry to say that I think the "Crewed Neutron" is a flight of fancy

 

Everyone said the same about SpaceX. And Electron, for that matter. I wouldn't rule them out, and I don't think a comparison to Boeing is a great one either. SpaceX started after the SLS program and can now reliably reuse a booster and send astronauts to the space station, for less time and a fraction of the money Boeing has spent to almost get to their second test flight of the capsule only. I don't see any reason why Neutron can't work.