Australian Politics Forum - Share market crash this morning.

Bobby.

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Re: Share market crash this morning.
Reply #570 - Apr 25^th, 2026 at 4:35pm

Millionaire Who Left Australia: "I'm Ashamed To Be Australian"

Why 147,000 Millionaires Already Left

Apr 7, 2026

Episode Summary

In this episode, Morgan sits down with Adam to unpack why he made the bold decision to leave Australia after building a multi-million dollar life and why a growing number of entrepreneurs are doing the same.

Adam shares his 30-year journey in business, the impact of rising taxes and cost of living, and why he believes Australia is becoming increasingly difficult for wealth creation. He breaks down how global tax systems work, why countries like Cyprus and Panama are attracting investors, and the real advantage of reducing financial and mental overhead.

The conversation also explores cultural differences, opportunity, and how the environment shapes success. Adam shares insights on wealth migration, the hidden cost of taxes, and what it actually takes to leave Australia properly.

Episode Timestamps
0:00 Intro
0:24 Why Adam Left Australia
1:09 Meet Adam
2:10 The Decline of Australia
5:19 Rising Taxes & Government Control
9:05 Millionaires Leaving Australia
10:39 Why the Wealthy Are Exiting
14:10 Who Should Consider Leaving
14:10 Dreamfest Announcement
16:23 Why Property Is No Longer Working
17:16 The Hidden Tax Burden
19:59 The Work Overseas Strategy
21:17 Cyprus Tax System Explained
24:24 Panama’s 0% Tax Model
27:04 How to Leave Australia Properly
28:15 The Real Cost of Leaving
33:48 Government Mismanagement
36:41 Australia vs Global Tax Comparison
38:17 The Bandwidth Advantage
43:17 The Decision to Leave
45:18 Life After Leaving Australia
46:27 Environment & Opportunity Shift
48:05 Australia vs USA Mindset
49:38 Tall Poppy Syndrome Explained
53:49 Step-by-Step: How to Leave

About Adam

Adam is an entrepreneur, investor, and freedom-focused thinker with over 30 years of experience building businesses.
After decades of operating in Australia, he transitioned into a semi-retired lifestyle, focusing on investing, Bitcoin, and structuring his life globally to maximize freedom and long-term wealth. He is a strong advocate for financial independence, global mobility, and creating leverage through better systems and environments.

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Captain Nemo

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Re: Share market crash this morning.
Reply #571 - Apr 29^th, 2026 at 10:17am

You would think that with recession upon us that Consumer Staples would be the go to shares.

And yet ... MTS for example has been on a downward slope for a long time.

Quite a few years ago, it hit rock bottom but recovered slowly. I had a fairly large shareholding of MTS at that time and it looked bad. Very bad, but I hung in and eventually sold when it got back to a profitable level. Scared me off it.

Is it one to watch again? Undecided

What about Coles and Woolies too? Surely consumer staples are the area to survive in a recession? (and stop calling me Shirley)

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The 2025 election WAS a shocker.

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Bobby. Gold Member Offline Australian Politics Posts: 119437 Melbourne Gender:	Re: Share market crash this morning. Reply #572 - Apr 30^th, 2026 at 8:54am DOW down overnight -0.57% https://edition.cnn.com/business DOW premarket for tonight: down -0.30% https://edition.cnn.com/markets/premarkets
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Bobby. Gold Member Offline Australian Politics Posts: 119437 Melbourne Gender:	Re: Share market crash this morning. Reply #573 - Apr 30^th, 2026 at 10:30am ASX down - 0.54% https://www.marketindex.com.au/asx200 SELL
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Captain Nemo Gold Member Offline Australian Politics Posts: 15144 Melbourne Gender:	Re: Share market crash this morning. Reply #574 - Apr 30^th, 2026 at 10:32am Could be some bargains in there somewhere.
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Bobby. Gold Member Offline Australian Politics Posts: 119437 Melbourne Gender:	Re: Share market crash this morning. Reply #575 - May 5^th, 2026 at 9:42am DOW down over night. https://edition.cnn.com/business DOW -1.13%
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Bobby. Gold Member Offline Australian Politics Posts: 119437 Melbourne Gender:	Re: Share market crash this morning. Reply #576 - May 5^th, 2026 at 11:06am ASX down -0.81% SELL https://www.marketindex.com.au/asx200
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Captain Nemo Gold Member Offline Australian Politics Posts: 15144 Melbourne Gender:	Re: Share market crash this morning. Reply #577 - May 5^th, 2026 at 1:56pm "So smile when you read a headline that says 'Investors lose as market falls.' Edit it in your mind to 'Disinvestors lose as market falls-but investors gain.' Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other." - Warren Buffett
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Bobby. Gold Member Offline Australian Politics Posts: 119437 Melbourne Gender:	Re: Share market crash this morning. Reply #578 - May 5^th, 2026 at 2:40pm RBA rates raised to 4.35%. https://au.finance.yahoo.com/news/rba-interest-rate-decision-live-michele-bulloc...
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Bobby. Gold Member Offline Australian Politics Posts: 119437 Melbourne Gender:	Re: Share market crash this morning. Reply #579 - Yesterday at 4:39pm BUY. Well oh well. Our share market is up today: +1.30% https://www.marketindex.com.au/asx200 Wall street was up last night: +0.73% https://edition.cnn.com/business
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Leroy

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Re: Share market crash this morning.
Reply #580 - Yesterday at 6:23pm

Captain Nemo wrote on Apr 29^th, 2026 at 10:17am:

You would think that with recession upon us that Consumer Staples would be the go to shares.

And yet ... MTS for example has been on a downward slope for a long time.

Quite a few years ago, it hit rock bottom but recovered slowly. I had a fairly large shareholding of MTS at that time and it looked bad. Very bad, but I hung in and eventually sold when it got back to a profitable level. Scared me off it.

Is it one to watch again? Undecided

What about Coles and Woolies too? Surely consumer staples are the area to survive in a recession? (and stop calling me Shirley)

We all survived the last recession and the one before that. Recessions really only affect those that live on credit and are not careful with money.

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Trump derangement syndrome
Fareed Zakaria defined the term as "hatred of President Trump so intense that it impairs people's judgment"

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Bobby.

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Posts: 119437
Melbourne
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Re: Share market crash this morning.
Reply #581 - Yesterday at 10:27pm

Leroy wrote Yesterday at 6:23pm:

Captain Nemo wrote on Apr 29^th, 2026 at 10:17am:

You would think that with recession upon us that Consumer Staples would be the go to shares.

And yet ... MTS for example has been on a downward slope for a long time.

Quite a few years ago, it hit rock bottom but recovered slowly. I had a fairly large shareholding of MTS at that time and it looked bad. Very bad, but I hung in and eventually sold when it got back to a profitable level. Scared me off it.

Is it one to watch again? Undecided

What about Coles and Woolies too? Surely consumer staples are the area to survive in a recession? (and stop calling me Shirley)

We all survived the last recession and the one before that. Recessions really only affect those that live on credit and are not careful with money.

But a recession and no fuel etc would be a double whammy -

no diesel,
no petrol,
no aviation fuel,
no fertilizers,
no plastics,
no pharmaceuticals.

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freediver Gold Member Offline www.ozpolitic.com Posts: 52933 At my desk.	Re: Share market crash this morning. Reply #582 - Today at 7:25am There is not going to be "no fuel" Bobby. Just more expensive fuel.
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Bobby. Gold Member Offline Australian Politics Posts: 119437 Melbourne Gender:	Re: Share market crash this morning. Reply #583 - Today at 9:10am freediver wrote Today at 7:25am: There is not going to be "no fuel" Bobby. Just more expensive fuel. Yes already - fuel bought on the spot market has "commercial in confidence prices" - that was from the Govt's mouth last night on TV.
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freediver Gold Member Offline www.ozpolitic.com Posts: 52933 At my desk.	Re: Share market crash this morning. Reply #584 - Today at 9:16am Sounds very sinister Bobby. I demand to know your business.
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