Price today on close, page-155

  1. 350 Posts.
    lightbulb Created with Sketch. 153
    those figures making my eyes spin!!
    but...
    no cgt free threshold if held less that 1 year
    sk say had $10,000 biy in go to $20,000 at SP $20 (to make it easy calculation).
    $10,000 profit, tax $3,600
    Now sitting on $16,400.
    But you were on $20,000 before selling half

    Doesnt the SP now have to fall below $16-40 for you to be on top? And only by a tiny margin?
    realistically it needs to fall to about $12 to really be a winner.
    But if you sell at $20 and it rises to $28 before it falls, the dall your waiting fir to be an oversll winner, it still needs to fall well beliw $16-40 to be a winner??

    To my mind the chances are slim if held less than 12 mths you're going to cone out on top
 
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