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4.35%

4.8¢ strategic elements limited

future movement, page-106

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Lurcher.A

410 Posts.

43

21/01/21

17:20

Post #: 50350213
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Originally posted by ThingThingZero: ↑

You're holding a Pooled Development Fund, guys.

The same features that make it a fantastic spec for daytraders (tax free gains! No minimum hold time for thoe gains!) during the rise, make it a shitty hold because you're entirely reliant on daytrader sentiment to rise.
Worse, a PDF is required to sell its golden-egg members once they cross certain business maturity and MktCap metrics.

And unlike almost every other structure on the Market, those red numbers aren't offsettable against other movement in your portfolio.
If you sell,

If you've bought at higher than the current SP, your choices are baghold hoping for profit until someone else wants to buy your holding, or accept the fact that the red numbers in your PF are the concrete "this will hit me right in the personal equity" kind.

Expose your portfolio to unique financial instrument risks, suffer unique risks..

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I read somewhere that if the ATO considered your trades in SOR (or any other PDF) to be daytrading, then any profit was taxable. Was this incorrect?

SOR Price at posting: 72.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.8¢		Change 0.002(4.35%)		Mkt cap ! $20.55M

Open	High	Low	Value	Volume
4.8¢	4.8¢	4.8¢	$1	15

Buyers (Bids)

No.	Vol.	Price($)
1	31382	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	10316	2

View Market Depth

No.	Vol.	Price($)
1	31382	0.046
1	32000	0.045
2	65295	0.044
2	127930	0.043
4	183486	0.042

Price($)	Vol.	No.
0.048	10316	2
0.049	2105	1
0.050	21622	2
0.051	18287	1
0.052	19877	1

Last trade - 13.53pm 10/07/2024 (20 minute delay)

SOR (ASX) Chart

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