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1.16%

8.7¢ force commodities limited

Whats with the big buy today?, page-27

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Dg573974

82 Posts.

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15/04/18

17:57

Post #: 32466265
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Originally posted by Zestfulmocha ↑

To be perfectly transparent with you, I probably would have sold all of my 4CE the other week if it wasn't for me wanting to hold onto a 12 month for CGT, and I believe in the long term potential here so it's not worth (for me personally) throwing away what could possibly be tens of thousands saved in tax if i hold this through to 12. just to chance saving a few thousand by catching a falling knife here now.

Been holding since early August last year FYI, and have traded it along the way fairly (mostly) successfully, but I foolishly traded my investment parcel on 3rd Jan and reset the clock... Too hungover from new years making bad decisions perhaps!!

Anyway you probably don't care But I just figured you're in it LT so I may as well share.

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I thought CGT was based on first in first out method? FIFO. Or do i have your statement wrongly perceived?

I.e. doesn't matter if you bought more shares you can still exit packages after they lapse 12 mths. The subsequent package needs to be held as long as you hold it in full i.e. package bought package sold.

if i'm off they money (pun intended i apologise)

4CE Price at posting: 8.2¢ Sentiment: Buy Disclosure: Held
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