Yeah I love paying tax.
I could pay tax on the increase to $2.50 after selling. Buy again at $2 and pay tax again when I sell at say $2.70.
Buy at $2.20 - pay tax again etc etc.
Meanwhile never holding for 12 months so full tax rate applicable.
And we won’t mention missing out on any big surge when it happens or any corporate action in the case of a takeover. If there was a takeover we would then pay full tax on profit because we traded so much and never held for said 12 months.
Apart from that it seems like a great idea if you can pick the highs and lows. Something the Burger King hasn’t shown he’s all that good at. He would have missed out on the latest rise by selling at around $2 - expecting the well documented drop to $1.70 to happen.
PNV - Banter and General Comments, page-8927
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Last
$2.07 |
Change
0.030(1.47%) |
Mkt cap ! $1.429B | |||
| Open | High | Low | Value | Volume |
| $2.11 | $2.12 | $2.05 | $2.783M | 1.335M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 19976 | $2.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.07 | 9633 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PNV (ASX) Chart |