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Convert Resource Shares to QRE ETF?

Discussion in 'Other Asset Classes' started by radson, 11th Sep, 2015.

  1. radson

    radson Well-Known Member

    4th Jul, 2015
    Hi Guys,

    I am an owner of RIO, ORG, STO and BHP amongst various other holdings. Im still fairly new at the investing game so please bear with me.

    I have an idea to sell my resource shares and put the proceeds into QRE. I will have of course incur a realised capital loss. This loss can be used to offset my capital gains come tax time next year.

    I am still long term bullish (maybe several years) on the resources sector. Would this scenario mean I can realise my capital losses and save some tax but still be exposed to a future upswing in the resource sector?
    Last edited: 11th Sep, 2015