Nope never invested. Is there an 'Investing for Dummies' book?
Now let's discuss 50% reduction, which is in effect a 25% reduction of tax charged if you are on the 50% tax bracket. So let's say you profit $100K, instead of paying $50K, you pay $25K. But since 30c the shareprice has halved, so in effect you've lost $50K of your profit. Under this scenario which options was better, selling at 30c or jolding on in fear of paying more tax? Maybe you've already owned the stock for a year, in that case you have some flexibility. Or you might have a self-controlled super fund in which case the 1 year rule does not apply.
I was kidding before, I've actually already read the 'Investing for Dummies' book.
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