wpl presentation implications and euroz report, page-15

Hi jcriddle

I have several strategies .. one of which is "age" related. I have been taking profits all along (since my debacle in 2001 with the HDRO when I didn't take profits and lost the lot). I take just enough in any FY to be able to offset it with such things as deductible superannuation contributions (these are large for someone over 50 and self-employed as afull-time trader), and forward paying fixed interest on loans, margin loans and Protected Portfolio loans. I also try to preferencially take on my HDR holdings in my super fund which is taxed at a maximum of 15%.

If you are not in a situation to utilise the above startegies there's always negative gearing both in the market and with property.

What we long-termers hope of course is a takeover at $10 by WPL that is in shares. That way no CGT is payable I believe. Or if HDR starts paying a dividend in 2-3 years then I will hold them even longer-term.

I "trade" HDR mostly with CFDs and acccept that I will pay CGT but use the above startegies to preserve as much as possible for me!!

H