People get so antsy about the smallest things on these threads. Who cares how Melua is shorting, good on him/her for making a profit. Thats like cracking the sads at the bloke on roulette next to you for his numbers coming up.
I tripled my holdings at .039 this morning, why? well i intend to hold it for exactly 1 year so that i dont have to pay a hefty tax amount and i hope to double or triple my holdings in that time. Experts out there reckon thats wishful thinking?
Im an absolute amateur when it comes to the stock market. Anyone know how the Capital gains tax works?
is it 50% if sold prior to 1 year and 25% after that?
From reading the ATO site thats the impression im getting if anyone could confirm that it would be much appreciated. However its not really stated very clearly.
Cheers
VIL Price at posting:
3.9¢ Sentiment: LT Buy Disclosure: Held
