We’ve held since IPO and bought throughout the 90s and 2000s. Barely sold any shares except once when it first touched $80s. Probably 2% of a large holding sold.
Labor is likely to reduce CGT discount given chalmers came out (despite not saying a thing at the election on it) that he is reviewing taxation. Reviewing taxation because of his insane levels of unsustainable spending.
So chalmers likely tax changes coupled with no developed bank should ever ever trade at 30 plus PE. I sold a few thousand shares for a very large gain. This valuation is crazy, I didn’t sell any previously because of capital gains, but labor will likely tax any gains much higher in the future so I’ve sold some of a large holding today as it touched $190.
I’ve done the mining switch. Added a lot of BHP and RIO with the proceeds nets of tax. The value difference between banks (particularly cba) and mining is staggering.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)