Thoughts on the new Wilson Fund, page-55

I was using 2.2 ex div price because, well, that was the current price.
The price dropped because of the dividend payout.... we are including that payout in the investment returns, that seems very fair and accurate to me in terms of analyzing the share performance?

Seems we are good on the $1200 capital loss part.... the shares aren't worth $1000 anymore.

Current value of shares @ 2.2 then is $8800
Gross dividends over last 4 years $3514.3

Total return : 8800 + 3514.3 = 11114.3

For the 4 year period growth rate
(future_value/present_value^(1/number_of_years))-1 = cagr

( 11114.3 / 10000 ^ ( 1 / 4 ) ) -1 = 0.0267

Very few people will qualify for 0% income tax though..... but I put it in there because that is you absolute best case scenario for return on this share over that period.

Income vs marginal/effective tax rates assuming super @ 9.5% including medicare levy's, rebates, offsets.
Gross dividend are included in your taxable income, same as net capital gains.....

	Income	Marginal Rate	Effective rate	Franked Div @ 30%	Gross Div	Tax implications
1	$60000	32.5%	16.6%	70	100	$13.04 Refund
2	$120000	37%	26.4%	70	100	$3.59 Refund
3	$180000	45%	30.7%	70	100	$0.70 Tax owed!