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10 TRADES TO A MILLION
ShareScene.com
post Posted: Jun 16 2008, 11:41 AM
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Topic moved from "Macro Factors" into "Investment Discussion"

Thankyou
ShareScene.com

 
Financial Chatte...
post Posted: May 2 2007, 08:25 AM
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In reply to: omeaart on Wednesday 02/05/07 06:49am

exercise price is 10c expiry date is 30 June

 
omeaart
post Posted: May 2 2007, 06:49 AM
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In reply to: Financial Chatter on Tuesday 01/05/07 10:48pm

What is conversion rate of MPOOA? Is it 10 cents?

 
Financial Chatte...
post Posted: May 1 2007, 10:48 PM
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In reply to: Financial Chatter on Tuesday 27/03/07 10:51am

MPOOA are certainly helping me on my way - and hopefully a lot further to go in coming days

 
Financial Chatte...
post Posted: Mar 27 2007, 10:51 AM
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Forget 10 trades to a million, listen to this:
Amongst the guests on the trip to Namibia for the opening of the PDN mine, were some shareholders. One lady held 3m shares that she bought at 2c each and she has not sold one of them yet!

 
datum
post Posted: Feb 16 2007, 07:40 PM
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QUOTE (Krumbs @ Friday 16/02/07 06:55pm)

the 600-650k was purely a guess on my part ,
& i was way off the mark.
$554,658 is a lot worse & means you have lost almost half your earnings.

I think we need to rename this thread "10 trades to $2 million"
.......



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This is not a bottom draw stock. This is a stock you take to the grave with you.
 


Roger
post Posted: Feb 16 2007, 07:07 PM
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this link my work
http://www.ato.gov.au/businesses/pathway.a...003_029_002_002


 
paulhart
post Posted: Feb 16 2007, 07:06 PM
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In reply to: Krumbs on Friday 16/02/07 06:55pm

With the way SLA is performing it will be one trade to a million for me.

 
Krumbs
post Posted: Feb 16 2007, 06:55 PM
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In reply to: datum on Friday 16/02/07 07:08pm

That's funny math, although the point you made is quite correct.

$1M per annum with no CGT discount would net $554,658 to an Australian resident (Medicare Levy included) with no other income. Holding for 366 days for the CGT discount would net $787,111.

The ATO has a calculator you can fiddle with (direct link doesn't work).

http://www.ato.gov.au/scripts/taxcalc/calculate_tax.asp

That's why "trading" sucks in the big league lmaosmiley.gif



 
datum
post Posted: Feb 16 2007, 06:08 PM
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also , to state the bleeding obvious --------tax

If your buying & selling within 12 months you are going to
be in the highest tax bracket , which i think from memory is 46 cents in the dollar.
if you make a million , i would guess you could end up with $600,000 to $650,000
after tax. I think 10 trades to a million might be feasible over 3 to 5 years,
which means earning $200,000 to $333,000 per year to achieve your goal.

Although no one can pick the top or the bottom , the safest way would to be
buying $200,000 (after building up your stake) worth of TLS at record lows & other high flyer's like Leighton(LEI),etc.
I also think you would need to start with a $50,000 stake.

This SS thread is a good forum to get people thinking , but i don't think many
would try & execute the plan.
.............




--------------------
This is not a bottom draw stock. This is a stock you take to the grave with you.
 
 


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