if you are looking at holding long term do that. don't try and read the markets highs and lows by buying and selling. you only make your broker and the tax man rich. Just ride out the lows and take advantage of the 50% CGT Discount for holding out 12 months.
Tax is something that has to be paid and if you are paying tax you are making money but you are stupid if you don't look at ways of minimising it.
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