I read your comments on the BLY thread re your wifes share performance vs yours.
Ive kept a watchlist of EVERY share Ive bought/sold since Jan 1 2009 (some 130 different stocks) ie includes every stock I bought from Jan 1 to COB today.
Im testing that if I didnt sell any shares for any reason, what would my gain be?
As of today, its up 47% but does NOT include any SPP, dividends etc(too hard to work out). I dare say it would be way higher as I would have been elible for lots of SPPs ie RIO, NAB, ANZ etc but Im not including those.
My idea being if I sold them all in 1 year after I bought each one, Id have maximum tax benefits (and alot less mucking around buying/selling).
So Ive compared them to my REAL trades which in this case, DOES includes SPP's.
As of last week, my real profit (before tax) is approx 53%. Maybe down to 45% after today, but havent worked it out.
So if I factor in approx 40-50% tax for selling all my shares for less than a year, my day trades only gives me approx 22-27% real profit as of today...if my maths are right????
It means Im buying the right stocks, but when I factor in tax, buy n hold mite make better sense?
(Im ok if people dont believe me, but my figures are reasonably accurate)
**** SHARKS - how do your percentages match your wife's ie have you compared her stock performance against yours like my example above ... coz what Im doing has parallels to you and your wife in a way??? ****
