My avg buy in from last week is .46, i figure as i only bought 20k shares, id hold for the divvy, then sell at a loss to offset other gains come tax time.
Im a spec trader/investor, and this will be my first ever divvy.
Given that the divvy is 100% franked i sell and break even(if i count the divvy) but im able to claim SIP as a loss still.
Am i on the right track??
Sorry but im new to this as you all can prob tell!
Cheers
Xen
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