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Who trades on the ASX?

RAiMA

New Contributor
Aug 24, 2007
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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 :)
 

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Adam Cerantivu

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Read Millionaire Fastlane
May 10, 2015
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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

-

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Veloce Grey

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Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 24, 2014
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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.
 

a-train

New Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Feb 17, 2015
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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.
 

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