I’ll use myself as an example. I’m nowhere near rich, CGT is nothing , it’s just based on normal tax brackets and as if I was working. I’m nowhere near the top bracket. Also I had losses previous so I would be paying minimal tax.
Most people invested into IOU only has $1-2k in and probably in the middle of low income bracket so I dare say a bit of tax does not matter.
Also I have thrown away large profits in the past (>$10k). I developed a new strategy that looks at the positive things now. It’s too much for someone like me to gamble with and every dollar helps me for my future.
If I was earning $200k + like some here i can say it’s nothing but it’s all relative to everyone position.
Someone quote me on this 10 years from now. I would probably be doing $20k + trades then maybe
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Last
2.6¢ |
Change
-0.001(3.70%) |
Mkt cap ! $52.78M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.4¢ | $1.940M | 76.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1327789 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 3089994 | 7 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| OVT (ASX) Chart |