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koparoma

657 Posts.

199

06/06/22

00:57

Post #: 61832805
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Originally posted by kimho22: ↑

Opportunities as investors sell stocks for tax losses before June 30

Tax-loss selling is a phenomenon typically driven by retail investors and best exploited by those who are willing and able to scout for small parcels of typically small-cap stocks that have been deeply discounted by selling that is not always tied to company fundamentals.
Buying into tax-related selling will prove foolish if the market continues to fall in the face of rising interest rates or if individual companies produce disappointing earnings results over the next few months.
But it can also throw up opportunities.
Brokers say tax-loss selling typically peaks in the first two weeks of June as accountants and stockbrokers advise clients to offset capital gains booked elsewhere during the year by selling out-of-favour stocks that are sitting on paper losses and seemingly have limited prospects.
But market watchers say the phenomenon is starting earlier each year and has been an influence in local market activity since April.

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Did we find out what the ATO ruling was in our case on the split of your entry-price into FFX and LLL components for CGT/trading profit tax??

Should an investor possibly look at selling to lock in tax offsets for other portfolio gains??

Just asking for a friend, like...

FFX Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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General discussion, page-5631

Top Stories

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Vulcan appoints investment bank and M&A veteran to board

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

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