good morning meric,
you have had a couple of nice wipe outs on your list,
i don't think that you will have a problem minimising your capital gains, your doing a very good job yourself, a couple more losses and you will be well under water,
you didn't think that nobody would not go through your list to see how well you trade,
its well known by tax agents and the tax department that 7 out of 10 day traders are in a losing position at the end of the year,
its not very good odds
your objective of the game is to make as much money as possible, not minimises gains just for tax purposes, show me the money,
do you want a toyota corolla or a nissan navara,
do you want a bali holiday or a world trip,
do you want a 4 bedroom 2 bathroom theatre room plus a study or a 2 bedroom unit,
do you want to drink cab merlot or top shelf scotch,
its pretty self explanatory,
btw, to hold a share for 12 months to get a 50%tax reduction is a crock of sheet,
9 out of 10 companies cant even make it to the end of a financial year better than what they started at, FMG is one exception, as is SIR as is EXT, etc, of those two companies they have been taken over,
btw, heres a question for you,
what would you like to pay tax on, $3, 000,000.00 or $30,000.00, ????????????????
also,
when i do my buying and selling, i just staple my buy and sell contract notes together, then hand it to my tax agent and then let them do the job that im paying them to do for me,
it cant get any simpler than that, its that simple,
KISS, KISS KISS, (KEEP IT SIMPLE STUPID)
now before you roll over and go pear shaped im not having a dig at you,
im calling it as it is, Ive seen it so many times and i used to be there,
btw, you can get all of this for free so trying to sell something for $10k , its just not going to happen ,
btw, my mothers partner bought into an ipo about 12 years ago with me, , we both put in $2000 and i sold out at $15000, at about 7 months after it was listed,
i told him that day that i had sold and pocketed $15k, i suggested he do the same,
he told me on his accountants advice not to sell and wait for his 12 months 50% tax reduction,
he was pretty clever, a very smart guy and so was his tax accountant,
he got a tax deduction all right because his $2000 turned into $300,
pretty smart aren't they,
and yep i was the dumb ass that pocketed $15k and paid my 32 cents in the dollar in tax back about 12 years ago,
as you would imagine i don't talk to him about shares anymore and when he asks i just say nah not interested in shares,
yet im making around 20 % on my money almost every second week,
Ive learn t not to surround my self with idiots, its working, very well,
have a great day,
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