Getting Started in Shares For Dummies Australia by James Dunn

Author:James Dunn [Dunn, James]
Language: eng
Format: mobi, epub
ISBN: 9780730320630
Publisher: Wiley
Published: 2016-05-30T16:00:00+00:00

However, share purchases can go wrong, and you may have to sell shares for less than you paid. In such a case, if you’re a disciplined share trader, you may have a concrete rule on how much you’re prepared to let the share price fall before you sell. If you’re a long-term investor, you may be prepared to ignore the price fall to salvage something from a disaster. The good news is that the Australian Tax Office allows you to use your capital losses to offset against the capital gains that you’ve (hopefully) made on other shares, in that or future years.

In the absolute worst-case scenario, if you buy the wrong share, you can lose all your investment. This can happen even if you do your homework and satisfy yourself that the shares are a good buy. That’s part of the risk.

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