I bought a little over 6 months ago, so another 5 months to go and Ill be paying 20% tax on the profits instead of 40%.
So if I wanted to profit take now, it would be the equivilant of selling out at 33 cents due to the extra 20% tax. And thats just to break even.
Is it going to go less than 33 cents in the short term? I doubt it...
Is it going to be more than 42 cents in 5 months time? almost guarenteed.
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