Good advice, will wait a bit just in case we have a second crash.
Printable View
Good point
Aust must have been down today, going by the Aussie Banks on NZX, but not surprising with
the turmoil around the Virgin Australia heading into Administration..
Things generally down on NZX today a bit, but with exceptions .. NZX tomorrow will be interesting
Got in today at the bottom of the days range. Only 2000 but there were 7 transactions to fill the order. Is this the Sharesies effect and now with lesser volumes they may play more of an effect on the price going forward?
What wounds ?
As I see it a few inconveniences in comparison to other sectors .. Okay perhaps increased payroll .. more PPE & lockdown expenditure.
Perhaps in medium term perhaps some sales distortions, but underwritten by willing prospective buyers & occupants.
Financing may be a factor & how to value, but presumably if the others are well established operators in the sector, they will be
aware of what they are looking at with MET
If one buys with the intent of selling into a better price, albeit caveated on some discussion group with platitudes of 'long hold' which hold no water in the eyes of the tax regulator, then one is a trader by definition.
In such circumstance, one must take into account 33% tax on gains from sales (assuming highest tax bracket), plus losses from the buy and then sell trade fees. For large trades this adds up to large tax/fees exposure, though as a percentage applies to any trader.
That means for a momentum trader, and there are a few very clever ones here, or any trader with intent to sell into a higher share price, one needs to beat their market buy price by 33% + fees, just to break even. That's a high bar to achieve and I think that very few take into account the after effects of taking a trading position that they have a clear intent when buying, of selling for a higher price.
Ignoring this in technical terms is tax evasion, not tax avoidance. The treatments that the IRD have for tax evasion are punitive, including hefty fines and even incarceration.
We don't hear a lot, or anything really, about how the opportunists here mitigate against their trading exposure to tax on capital gains and accounting for trade fees, it's like those two things don't even exist. But they do.