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10/03/17
22:59
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Originally posted by Savyinvestor
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Yes. I am definitely a long-term buyer with no margin pressure. Not only are short term trades extremely risky especially exacerbated my margin pressures, I don't like the look of the market to gamble. If I wanted to gamble, I'd bet on Gold, oil and gas and other resources. Stocks that are easier to speculate on. Not only to mention that capital gains tax without holding for a year a killer in Australia.
Mind you... Some people like "Crazy Punter" have probably made a lot of money off this shorter environment. But I'm not a fan of gambling. Previous posts have suggested crazy punter is quite mature in age, so one crash if he has margin pressure will destroy his portfolio. I've seen it happen to the best of investors. Each to their own.
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Sell VOC buy TLS 8% div tax paid and very low risk , or just sell half and still have exposure , sleep at night man ! Invest dont gamble !