I’ll use myself as an example. I’m nowhere near rich, CGT is nothing , it’s just based on normal tax brackets and as if I was working. I’m nowhere near the top bracket. Also I had losses previous so I would be paying minimal tax.
Most people invested into IOU only has $1-2k in and probably in the middle of low income bracket so I dare say a bit of tax does not matter.
Also I have thrown away large profits in the past (>$10k). I developed a new strategy that looks at the positive things now. It’s too much for someone like me to gamble with and every dollar helps me for my future.
If I was earning $200k + like some here i can say it’s nothing but it’s all relative to everyone position.
Someone quote me on this 10 years from now. I would probably be doing $20k + trades then maybe
$1 Club, page-10591
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $17.03M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.8¢ | 1.4¢ | $252.5K | 16.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2187714 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 433613 | 3 |
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| OVT (ASX) Chart |