Australia's largest stock trading and investment forum Australia's #1 stock forum

if you hold shares for over a year before selling it...

First 5 Last

Share
Profile

Follow
Kulu

244 Posts.

7

04/06/20

16:26

Post #: 45040258
Share

Originally posted by jake2358: ↑

Hello all,

I am a new trader and was wondering what the upside/dowside to day trading over mid to long term trading is in your opinion?

I was of the opinion that if you could capitalise on a few percentage points increase in stock prices per day then you would essentially compound your capital and probably finish with a greater result than someone who picked a good stock at a fair price and waited for slow appreciation over time?

Someone on another thread had said to me "be careful of day trading, most aren't very successful and you need to watch out for the tax man".

Would the taxes not be the same for gains in capital on a single investment as they would be for increase in capital on a series of smaller investments with end result? ie one trade that has a 10% increase on initial capital outlay or 1% on ten trades with the same outlay (compounding capital growth aside)?

Any tips or answers would be greatly appreciated and will not be taken as financial advice but opinion only.

Expand

if you hold shares for over a year before selling it significantly reduces your tax in most cases
4 Upvote

Reply

Top Stories

AII

Inside the depths of Panasqueira: A legacy carved in rock

WIN

'Incorrect datasets': Old irony sets WIN Metals up for golden opportunity at Emjay

Tuesday's HotCopper trends: Sayona intercepts, Bowen Coking crisis | July 15

ASX Market Close: Tariff fatigue truly evident; RBA eftpos proposal sinks Tyro

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

First 5 Last

SPONSORED BY