Without CGT discounts, are ETFs and shares still worth it for long-term investing today? nowadays?
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Replying to @Alif given that there were significant changes to capital gains tax laws here in Australia and it’s not as generous as it was in the past. Is it even worth investing? And the answer to that of course it is we want capital gains. I want my clients and myself personally to have a capital gains tax problem. That means that we’re making money and a capital gain will help us keep ahead of the increasing cost of living. Inflation is the biggest risk and we should be looking for assets that can grow comfortably ahead of that of inflation over the long-term. So the answer is absolutely yes let’s buy business businesses. Let’s have capital gains tax problems. We can use Superannuation to hold many of these assets to reduce future capital gains tax that we pay. General advice only please seek personal financial advice. #cgt #budget #superannuation #financialadvice
The information provided in this article is general in nature only and does not constitute personal financial advice.