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

.....less tax on profits as well. Bad idea

First 52 Last

Share
Profile

Follow
Immetoday

5,049 Posts.

845

17/04/21

13:18

Post #: 52537205
Share

Originally posted by aussieasxboss: ↑

it's basics maths ! it's a bad idea

CC is 20% interest a month

are you going to make 20% on IVZ a month ?

prob not .
don't look at the gains it's been made . it's been pumped to the max. when the dust settles you
will be lucky to make 2-3% a month

you will make 10% a year on it

so each month that you don't it's going to cost you 20% a month on your initial investment

instead of making 2-3% a month you will be losing 17% a month

Expand

.....less tax on profits as well.

Bad idea
1 Upvote

Reply

There are more pages in this discussion • 88 more messages in this thread...

First 52 Last