So, instead of paying tax on $100,000 profit ($45,000 max in Australia - assuming no CGT discount), you'd rather offset this by losing $45,000 or more by selling a stock as a far lower point than you bought at it - meaning your net profit is still the same at best (100-45k) than it would be if you simply paid the tax?
Yeah sure you could buy in a lower price, but you could also lose more money that way also if the share price continues to dip. paying tax isn't as bad as most investors make it seem.
All IMO, good luck to all !
BSM Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
