Yes Tommy, I understand your MO is short term trading. My motivation for investing was Twiggy's environmental direction for Fortescue, and I believed that we had a strong swing at it. I also believe that Fortescue is now vindicating that ambition.
Another fundamental difference is traders such as you are required to pay capital gains tax, where as investors are rewarded with franking credits tax benefits, a reality traders often neglect to mention in discussing their gains.
Personally, trading bores me, all that hand-wringing analysis of the vicissitudes of the IO market. Obviously it's the opposite for you.
Anyway, whatever floats ya boat, Wes
Welfare Check on ETFinvestor, page-12
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |