I lost 6 figures in 2000 from dodgy telcos and mining companies. I know the pain
Since then I have recouped it all and much more and you know what.
NO CAPITAL GAINS.
If you lose money in australias system, just keep playing the markets for a capital gain. You will end up using up that loss in capiatl gain tax credit.
PS pick your time to enter. I had three years off after 2000 and then entered. Even bozo the chimp could of made a lot of money in the following bull market.
I am now all out except for a few long term mining shares like GBG and MMX.
Good luck
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held