Hi stujacks88, Thanks for your input.
I did run this method by my accountant [a few years ago now] before I started trading this way and her answer was that each trade to increase my holding this way would be regarded as a profit and be subject to the appropriate amount of tax when the shares were sold, -- and we did discuss the year-and-a-day law as well at that time.
I don't keep up with all the changes in the tax laws stujacks88, -- I pay my accountant a lot-o-bikkies every year to do these sorts of things for me.
She is a share-market person her-self and she seems pretty switched on from where I sit.
Now whether this method is faster, better or cheaper than playing the natural swings, -- to be honest My-friend, I can not say, --
I have used this system for quite a while now and I have developed a mind set on it, -- and I feel safe using it.
On a previous method that I used to use, -- the number of times that I sold because a particular signal turned up for the finish of a run, -- only to watch the stock [say] the next day or so take off again.
But stujacks88, I would be interested if you are able to shed any more light from time to time as I am sure we all would be.
We are all in this business for the money, -- aren't we.
To each his own, -- and sorry, that goes for her's too.
Cheers,
T.D.
Are'nt we here to help each other.
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