thanks vm for such a thorough response. I did well in property last FY and dabbled in spec stocks but was doing it all wrong so took my losses before June 30 to offset against the property gain and gave myself a 6 month suspension so back looking again. It seems that starting super early will be better just from the tax environment.
I learned something in the hiatus - I dumped my last 2 spec stocks and one continued to fall (down 60%) and looks terrible but the other is up 200% and looking very strong. What I really learned was that I would have been better off staying. Using generic example amounts $1k in each would be worth $3.4k today so the upside out weighed the downside (I guess it’s not easy to find a stock that goes 200%).
Anyway - appreciate your comments. Not sure which way I will go - prob better to stay in top 300 but all I seem to look at are spec stocks. PET def on the list.
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