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ASX COUNTERS !, Everything related to the Aus Sec Exc !
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nihility
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 Sep 29 2021, 08:19 AM
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I read until the CGT & the tax rate for the profit, it straight away kill of my intention. Secondly, the time zone different between the Sydney & KL also dampened the intention.
Also on the current trade war between Australia with China, I doubt it will do any good to Australia economy because Australia is an exporting country & their economy relies heavily on the exports to China.
Separate note, why not looking at the high growth counter instead of dividend yield %? Company like A2 Milk have a good ran from mid 2017 till mid 2020 until the Covid 19 caused the disruptions.
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nihility
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Sep 30 2021, 12:58 PM
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QUOTE(tomatotomatomy @ Sep 30 2021, 11:52 AM) You get 50% discount on CGT if you hold a stock more than 12 months. Currently iron ore companies are suffering, but I personally don’t think it’ll be long term. Australi a is positioned very nicely for the net zero emissions/renewables/electrification theme. We have plenty of lithium, rare earth elements, copper to supply for the future. miners like VUL ran more than 1000% in less than a year for having projects like zero carbon lithium. I missed the boat with A2M a few years ago, watched it go from 1.30 to 20.00. But COVID hit and it turned to shit. Wow, you spotted A2M as early as 1.30. Really heart ache seeing it rising from 1.30 to 20.00. On the mining counters, isn't the majority of the miners making losses? I recalled almost 10 years also, during the nuclear energy boom, there was one time people frying the rare earth miners but it didn't end well after the Fukushima incident. |
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nihility
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Sep 30 2021, 01:40 PM
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QUOTE(tomatotomatomy @ Sep 30 2021, 01:33 PM) Investing in mining is a whole new learning curve for me. I started doing some reading end of last year on mining investment, and it certainly opened a whole new perspective in this industry. If you have a chance read up on Bill Beament the ex boss of NST, and how he transformed a shell company worth $200k to a $10billion gold producer in 9 years. If you had invested $10k into the NST in 2010, your stock would be worth more than $1.5 million at its peak last year and collecting more than $100k of interest a year. Can really retire on one stock. My goal is to hopefully find another stock that could replicate NST on the ASX. Tip: Bill is the new CEO of his next project VXR.ASX Wow, the enthusiasm in your reply  . Got time I'll spend some time to read on Bill Beament on your tips off. TQ. |
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