Its Over, page-22998

Yes I did leave out the tax aspects because tax is based on individual situation.

1. Retirees may not have the 47c in the dollar you are referring to
2. People may have capital losses for capital gains to offset against
3. None of my examples presumed that gains would be realised [ on paper, it is still better by miles ]
4. Cutting losses don't subject one to CGT as there are no gains
5. I have always said that many hold onto gains not wanting to sell because of higher CGT ended up making losses instead or reluctantly 'forced' to sell for lower gains- being in the position to have to pay tax is always a good position to be in. The stock is not going to wait for your 1 year timeframe to arrive before tanking. I previously cited the case of the accountant who was up a $1 mil in gains on BIG but did not want to sell it even when the company was getting unfavourable media attention for its fraud, eventually losing it all after it entered administration. And many retirees sold their property to take advantage of Costello's super tax benefit to top up their equity exposure in their super in the run up to 2008 GFC, only to find that house prices shot higher and equities crashed. Decisions solely based on tax could deliver poor outcomes.