Hi all, I am relatively new to this trading game & need some guidance if at all possible from experienced traders.
Over time & under “my own name” I have bought shares in at 3 or 4 different occassions, at varying prices.
I do believe/hope it will increase substantially in the medium (many months - hopefully) to long term(years - - most likely).
I am retired & I have just set up a self managed super fund with a pension which means any capital gains are non taxable(due to the pension). I also trade online through Comsec, ie direct & no broker.
To minimise/eliminate tax issues when there is a substantial price increase I would “now “like to sell my shares to my SMSF & guarantee the sale & buy price go through as a match at an agreed/matching volume & price without anyone else getting my buy order or conversely my sell order.
Lets assume the 2 current buy max prices are say $0.08 & $0.075 & the 2 sell min prices are say $0.085 & $0.09.
If I simultaneously
a) Place buy order in for say 5000 shares at $0.077 from my SMSF account &
b) Also a sell order in for say 5000 shares at $0.077 from my own account,
Hopefully the .007 cents on either side is allowable & if so will this guarantee my cross trades(assuming no one else sees my sell order & gets in before me)
I would trade using two laptops & hit sell trade just after buy trade is entered.
I just do not want to sell off my own & then find my SMSF buy missed & I may have to buy at a much greater price – probably unlikely but possible, if it moves quickly up or down as I do the trades.
Probably best to wait a bit after market opens, & not many trades are going through.
Any guidance assistance would be greatly appreciated.
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