So_Cynical has hit the nail on the head with the strategy 'zero cost averaging' I stubbled across this not so long back on another post but for the life of me could not remember the name or find it. :bang head:
Thanks all for answering my questions.
Say you buy $1000 of XYZ at 20 cents, So you get 5000 worth of shares it goes up to 40 cents a share and you decide to pull out your starting capital of $1000 and leave the profit run, So you only sell 2500 shares do you still pay tax on this $1000?
This is also classed as a strategy where...
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