SPX 12.5% 0.9¢ spenda limited

Ann: Voluntary Suspension, page-249

  1. 7,680 Posts.
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    Jag

    that was my very first stock ever purchased, we went for $500 first buy then Director chipped in $300k and we thought...good enough for him....then good enough for us....we didnt know any better. so we sold the boat lol ..but it worked...

    and now here management have just as recently as September chipped in $500k....then that sounds good to me..and SPX has a lot more going for it than PRR ever did, totally different sector but still netted me a lot of money and I retired from working.....not bad first time round...hey

    I have a large parcel of SPX in my SMSF....long term when I reach 60 I will be absolutely laughing at the tax rate there when these hopefully move big time

    I have a decent parcel of SPX in my Company account that at 25% tax rate it can compound into another stock if I choose to sell or it can pay my wages for years to come..

    I have a massive parcel in a joint account to split the tax, gives us upto $360k now then we hit 45% + 2 % medicare levy but if we hold longer than 12 months which we plan too then we will get a 50% reduction there in total taxable amounts so roughly works out at 25% as well so with the amount I am holding just alone in SPX and SPXOA I could end up as rich as you are ... wink.png
    Last edited by CJTJ: 27/01/24
 
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