The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

Who trades on the ASX?

Accelerate wealth. Build a business that pays freedom. Join more than 70,000 entrepreneurs and register for the Fastlane Entrepreneur forum. Remove ads? Join the INSIDERS.

RAiMA

New Contributor
Aug 24, 2007
94
8
17
46
Sydney, Australia
At the risk of only getting replies from chirping crickets, I'm gonna ask the question anyways :p

Who trades on the Australian Stock Exchange (ASX) and what investment strategies do you guys use?

Just interested to see the type of investors we've got here :)
 

Adam Cerantivu

Contributor
Read Millionaire Fastlane
May 10, 2015
67
21
23
Sydney NSW Australia
Australian Tax Office has a "1 year & 1 day" rule for individual share traders, that being - if you hold a stock for '1 year & 1 day' you only pay tax on half of the profit you made (example: you make a AUD$40,000 profit but tax office only charges tax on $20,000 of the profit) on the ASX ['A'ustralian 'S'tock E'X'change]

Now my question is, would it also apply 'in-whole' to the fictional scenario below..?

29th June 2014 ~ 10,000 shares of stock code MJDM is purchased
29th May 2015 ~ 15,000 share of stock code MJDM is purchased

On the 1st of July 2015 can all 25,000 shares be sold as part of the '1 year & 1 day' rule..? Reason I ask is, when you buy new stock of a share 'the purchase date' does not seem to change/upgrade on one's online share-trading platform and stays unchanged as the 1st date you purchased the very first batch of that stock

-

@RAiMA @alclassico @Avisto @a-train @FreeMan @Serks @Kerin12 @Pilatus @Aljosa @Langers @Jean-Pierre @buggy @David @jrws @Get__itDone @davizinho @walesbj @FlavioMoreira @Katerina @chrischapman @Limitl3ss @PDeezy @CrazyChris @Deki_mal @tsenen @Sydants @SYK @MrAnthony @Melbournian @Bambooing @Stu_Hefner @shangbang @WarWizard @JAMES-L67 @Oztrepreneur @10lapsdown @valuecreator @OzzieRob @randomizor @linguini @Jimbo @PHD @JackWood @wadza @MikeAU @Goobii @Wal903 @buckmajor @thinkingbig @Schooby @earlymornings @kenlee_au @Ubjob @Tehcasa @1up @andrew_woolman @Bearcorp @simplykickass @bane @codo3500 @1ord @Concept @BookwormMitch @Sindi @Mr.B @ProInvestor @cantwait2 @brett_atredback @Brander @garysvpa @LinorCG @Mikhael @Couttsy
 

Veloce Grey

Silver Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 24, 2014
385
623
275
I make Fastlane investments anywhere in the world. Give us some examples and your reasons and we will comment.
Well Ren I'm delighted to be able to get your informed input.

I'm an investor in an Australian company that is pioneering drone delivery. As in you buy a drone from their website and a company Kangaroo will deliver the drone to your door in 30 minutes or you get a free copy of "Crocodile Dundee in Los Angeles" (extended DVD). The USP is sensational but the company is having some slight issues with the employee Kangaroos randomly hopping around and failing to make the deliveries for some unknown reason.

What would be your advice regarding a company pivot to using a Koala-based delivery system? It would increase adorableness significantly.
 

FIFL

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Feb 17, 2015
16
21
20
Australian Tax Office has a "1 year & 1 day" rule for individual share traders, that being - if you hold a stock for '1 year & 1 day' you only pay tax on half of the profit you made (example: you make a AUD$40,000 profit but tax office only charges tax on $20,000 of the profit) on the ASX ['A'ustralian 'S'tock E'X'change]

Now my question is, would it also apply 'in-whole' to the fictional scenario below..?

29th June 2014 ~ 10,000 shares of stock code MJDM is purchased
29th May 2015 ~ 15,000 share of stock code MJDM is purchased

On the 1st of July 2015 can all 25,000 shares be sold as part of the '1 year & 1 day' rule..? Reason I ask is, when you buy new stock of a share 'the purchase date' does not seem to change/upgrade on one's online share-trading platform and stays unchanged as the 1st date you purchased the very first batch of that stock

-

@RAiMA @alclassico @Avisto @a-train @FreeMan @Serks @Kerin12 @Pilatus @Aljosa @Langers @Jean-Pierre @buggy @David @jrws @Get__itDone @davizinho @walesbj @FlavioMoreira @Katerina @chrischapman @Limitl3ss @PDeezy @CrazyChris @Deki_mal @tsenen @Sydants @SYK @MrAnthony @Melbournian @Bambooing @Stu_Hefner @shangbang @WarWizard @JAMES-L67 @Oztrepreneur @10lapsdown @valuecreator @OzzieRob @randomizor @linguini @Jimbo @PHD @JackWood @wadza @MikeAU @Goobii @Wal903 @buckmajor @thinkingbig @Schooby @earlymornings @kenlee_au @Ubjob @Tehcasa @1up @andrew_woolman @Bearcorp @simplykickass @bane @codo3500 @1ord @Concept @BookwormMitch @Sindi @Mr.B @ProInvestor @cantwait2 @brett_atredback @Brander @garysvpa @LinorCG @Mikhael @Couttsy
Not sure, I'm guessing each trade will be treated individually.
 

Sponsored Offers

MARKETPLACE Fox Web School "Legend" Group Coaching Program 2021
Hi - I sent out some emails with the updates but I'll PM you now also, thanks. The issue is...
  • Sticky
MARKETPLACE NEW: The Best School for Going Fastlane (Now open for summer enrollment)
Read the free book, some excellent insights. I also did the website quiz and I did a visual on a...
MARKETPLACE Not sure how to start? This free book will teach you how to build a successful web design business
Hi Fox. Starting the book and got through the introduction. Had a conversation with Andy Black...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Chris is super sharp and is aware of many facets of entrepreneurship and can help get your...
Introducing MJ's Personal Unscripted Network, Join Now for FREE!
Any chance to make it available outside of US? It has been available outside of the US on...

Forum Sponsor

Learn Fastlane Business Skills & Get Profitable Within 30 Days...

Get Started Now

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom