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bobbym

7,456 Posts.

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01/10/19

18:42

Post #: 40670410
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Originally posted by Digger01: ↑

PICT,

You have a strategy as a long termer like me. You are clearly an investor, not a trader (at least on this share). Your profile is completely different from a tax perspective and those differences are clear. We long termers are thinking 12 months hence, with a minimal CGT taxation exposure.

Traders will be adding their profits to all their other income and pay tax at whatever marginal rate that income takes them to. So if their profits are large their tax will correspondingly be large.

With investors the income does not get added to your income, is subject to CGT, which is fixed at 30% if you sell within the first year and drops to 15% after that 12 months period. It can also be offset against any other CGT losses that you may have accumulated.

If your levels of investment are very small this may be insignificant, but if you are lining up to make a very handsome profit in 12 to 18 months (and beyond), then that can be a huge number.

I like your strategy... mainly because it is all the same as mine and I don't want to give my hard-earned loot to him the taxman.

AIMO

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ADN Price at posting: 5.4¢ Sentiment: None Disclosure: Not Held
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Last 2.0¢		Change -0.001(4.76%)		Mkt cap ! $62.20M

Open	High	Low	Value	Volume
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6	2617961	1.9¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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29	8098913	0.018
16	5170006	0.017
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25	5043979	0.015

Price($)	Vol.	No.
0.021	1812715	13
0.022	2492698	7
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General comments/chat, page-4781

Is oil undervalued?

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

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Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Venture to sniff out high-grade REE targets at Jupiter project, WA

Westgold sets its sights on top five producer status through merger with Karora

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

General comments/chat, page-4781

Top Stories

Is oil undervalued?

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Venture to sniff out high-grade REE targets at Jupiter project, WA

Westgold sets its sights on top five producer status through merger with Karora

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News