So your current equity is 350,000.
How much you paid 10 year ago is irrelevant here. You mark to market and your current investment is 480k - 130k = 350k.
The idea is that you leveraged 30k over 10 years and brought it to 350k. That is a rate of return of 27.8%. Not bad :)
OK actually...
Apart from the ATO site which is very mmmm ... technical :D are there any more resources/pinters available ?
In particular I am interested:
-- What are the implications of stock trader vs holder
-- Is the CGT discount applicable to traders (if they hold a security for > 1 year) ?
--...
Hi,
I was looking at IB but a couple of questions come to mind:
1. Is it possible to trade in odd lots (i.e. different from 100)
2. Is it possible to have directly a cash settlement for stock options ? (i.e. without actually buying the underlying stock which could blow my tiny :D yet to...
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