I have a significant indexed FY2020 capital gain. However, when the borders closed down I sadly panicked and sold a truckload of SBM shares for $1.85-ish and RRL shares for $3.00 etc. I loaded up with gold miners with a fixed interest loan to get a FY2020 tax deduction and felt very uncomfortable with that debt and overreacted to the Coronavirus operating risks and bought a big chunk of physical PMs. My recent share sales have offset my unindexed CGT losses. I am back into a hold and wait mode now.
The moral of my story is don’t use debt- just pay your taxes!
0.062 at end of trade here comes 10c, page-67
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13.5¢ |
Change
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Mkt cap ! $55.17M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 2 | 11707 | 13.5¢ |
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|---|---|---|
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| RXL (ASX) Chart |