FMG 0.79% $19.98 fortescue ltd

I don't pay any tax what so ever due to all the franking credits...

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    I don't pay any tax what so ever due to all the franking credits I get and I always get money
    back into my bank account come early August each year which is like a bonus dividend.

    I am here for the dividends. Stock bounces tends to drop leading into June 30
    and a bit beyond. Always bounces back after div is paid out.

    I suspect FMG to be between $25 and $28 by years end and then peak at about $32 in March
    before starting to fall back in April/May then dropping harder in June.

    Its a never ending cycle except for that one odd year when IO got to $240US/T and stayed very high
    to the point that year $3.58 I think it was back. One with I think $2.11 and $1.47

    I don't buy and sell FMG I add when its low or bargain discount time.

    I've been able to retire years earlier due to putting all my earnings into the stock market over super
    and I am surprised many others don't do the same as I never pay any tax because of it.

    Another one of my friends did the same and he's over 60 now and been retired 20 years.
    I've been retired about 8 years. Everyone else I know still has another 10 years of working hell
    to go before they retire.

 
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