is is something I personally do, and DO NOT advice anyone else to do it. THIS IS NOT FINANCIAL ADVICE.
I personally do something similar to reduce holding costs. It works very well for me, for blue chips where the rise and fall is not much, but each cycle nets you a buck and a bit per share, which over some 500-1000 shares (we're talking ~40 bucks a pop here), my holding value drops over the months AND I still have the pleasure of holding those shares.
Now, I am fully aware i have used the word 'pleasure' here - not to be confused with 'love' - I tend never to fall in love with a stock - its a money transmission medium. That all it is.I'm currently following this method for several blue chips SGP, NAB, BHP - having real fun there.
Another method I personally follow, is to buy big just before a major event - say the dropping of the PFS or DFS, and then sell half or so at a very elevated price, to drastically reduce the avg price of your remaining half of stock. In some cases, you can even end up free carrying them.Note - you need to sell a few more to allow for CGT and satisfy the tax man.
Dear HOT COPPER moderator - this is NOT financial advice - I have stated very clearly above, and so is my signature. I am merely stating what I personally do and thats where it ends.
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.380M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5019 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 2 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5019 | 0.120 |
1 | 22000 | 0.115 |
1 | 38095 | 0.105 |
4 | 132510 | 0.100 |
1 | 43010 | 0.093 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 2 | 1 |
0.135 | 192016 | 3 |
0.140 | 30000 | 1 |
0.145 | 82254 | 1 |
0.150 | 106746 | 1 |
Last trade - 16.12pm 19/11/2024 (20 minute delay) ? |
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