Being quite new and inexperienced re the sharemarket, I don't fully understand the SPP.
If anyone can please address the following I would appreciate it.
Given that my average cost is around $20, why wouldn't I sell a portion of my QBE holding, book it as a tax loss, and use the proceeds to repurchase via the SPP and therefore reduce my average cost? Do I need to sell my entire holding to book the tax loss or can it be done when only selling a portion?
I realise that there is a risk that I may not get my entire fill, but I guess I am banking on getting some of it at least.
Why would one participate in the SPP?
Why wouldn't one participate in the SPP?
Thanks to anyone who provides input.
share purchase plan, page-46
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Change
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Mkt cap ! $24.11B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| $16.05 | 4664 | 2 |
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