Here's last weekends AFR Smart Investor story. It may shed some light on the situation. Apologies for the newspapers tardiness but it’s a sign of a well read article.
In a nutshell, brokers say tax-loss selling typically peaks in the two weeks of June as accountants and stockbrokers advise clients to offset capital gains. Also, market watchers say the phenomenon is starting earlier each year. One cause could be that some investors have been racking up big capital gains tax bills by cashing in on big gains in the resources and battery-related metals over the past two years.
Cautionary note regarding 'wash sales' or a 'bed and breakfast': the ATO will disallow the loss if the sole intention of the sale was to minimise tax. So, if you sell you can’t buy back next year without consequences. See bottom part of the article.
Anyhow, for the 'Smart Investor' the scene maybe poised.
All IMO, DYOR, GLATH
- Forums
- ASX - By Stock
- RNU
- General Discussions
General Discussions, page-10879
-
- There are more pages in this discussion • 20,900 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RNU (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.2¢ |
Change
-0.001(1.37%) |
Mkt cap ! $183.0M |
Open | High | Low | Value | Volume |
7.2¢ | 7.4¢ | 7.2¢ | $320.7K | 4.426M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1275010 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.4¢ | 220674 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1250010 | 0.072 |
18 | 3036062 | 0.071 |
25 | 2588011 | 0.070 |
7 | 784631 | 0.069 |
6 | 525880 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.074 | 220674 | 4 |
0.075 | 365900 | 6 |
0.076 | 526237 | 3 |
0.077 | 298052 | 4 |
0.078 | 1000000 | 1 |
Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
Featured News
RNU (ASX) Chart |