Originally Posted by
percy
Selling buying back,is Ok for a person who pays tax on their trading,or has moved back to NZ from Aussie, and has organised their tax position,so as they do not have to pay tax for a couple of years.
For a long term investor,who pays tax on their dividends,but not on their capital gain,as they have held for a long time,regular buying/selling leaves them wide open as being a trader.
Not worth the risk with a large portfolio,which is being driven by companies such as HBL, who have the capacity,and who are paying increasing dividends.
Maybe we need another site ie ************* rather than Sharetrader,as what suits a trader ,does not suit an investor..