To sell and buy back in then Capital gains tax has to be paid on the sale which means you would have to buy in so much cheaper just to cover that tax. I would need around a 20% drop to buy back the same amount I sold.
There are 3 things certain in life not the two, death and taxes. The third is that there will be another stock market crash. Out of the three there is only one with a definite timeline. You are only guessing about the other two. Allow for the tax man and let the other two fend for themselves. STAY IN the stock market, especially LYC.
To sell and buy back in then Capital gains tax has to be paid on...
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Last
$6.95 |
Change
0.075(1.09%) |
Mkt cap ! $6.477B | |||
| Open | High | Low | Value | Volume |
| $6.94 | $7.04 | $6.88 | $12.27M | 1.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 16518 | $6.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.95 | 46151 | 31 |
View Market Depth
| Last trade - 15.14pm 12/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |