CBA commonwealth bank of australia.

CBA TA update, page-2589

  1. 747 Posts.
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    Thanks for your reply. The big unknown is if you sell and use the money for an alternate investment, how do you know if that will out do CBA over 1-5-10 years. And when should I have sold - at $120, 130,140,150 or now. I have been in the market for 35-40 years, made many mistakes - could have done this, should have done that, could have made a fortune but never did.

    I use to argue with my sister and brother about dividends - the return on the original buy price, to present day price. I use to say inflate the buy price by CPI - just like when doing CGT the old way (and can still do) and then work out the return.

    Here is/was the situation.
    I stood to inherit 10,000 CBA and 38000 NAB. Cost price on inheritance $54.65 and $26.08. Now If I did inherit the lot (they were split between the 4 of us in his will - my choice) and because their SP is so high now should I sell. The capital gain $1.5m (no 50% discount yet). So I sell the shares pay 100's of thousand $$$$ tax and invest in something else. So now I have say $2.3m to invest in an alternate investment. I did have $2.7m.

    I read a headline around Xmas - 7 tips to create wealth - one of them - to create wealth think decades not months. EXISED's exact words in a post last week. What my wife and I own will pass onto our daughters and hopefully the wealth creation will continue. Cheers





 
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Last
$182.53
Change
-0.320(0.18%)
Mkt cap ! $305.4B
Open High Low Value Volume
$182.51 $183.00 $180.13 $1.091B 6.388M

Buyers (Bids)

No. Vol. Price($)
1 400 $182.50
 

Sellers (Offers)

Price($) Vol. No.
$182.55 3394 1
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