LIC & LIT Most favourite LIC in the current market

Discussion in 'Shares & Funds' started by almostthere, 21st May, 2019.

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  1. Nodrog

    Nodrog Well-Known Member

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    By holding LICs and ETF say for ASX exposure the investor can Sell one at a loss and buy the other without getting caught out by wash sale rules. I have read others suggest that swapping between VAS (asx 300) and STW (200) would be ok. I would however suggest being more cautious hence say selling VAS at a loss then buying back into ARG assuming it’s around NTA. Essentially staying invested in the market with broad exposure to ASX but loss booked to offset capital drawdown in future.

    @Redwing is it raining where you are too? Seems to be a lot of reading going on:).
     
    mdk likes this.
  2. Redwing

    Redwing Well-Known Member

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    Sick kid so not straying to far out and about today :(
     
  3. Nodrog

    Nodrog Well-Known Member

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    That’s no good. Hope better soon.
     
  4. Brady

    Brady Well-Known Member

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    Thoughts more into this. I've got a decent capital gain in a trust this FY.
    Reading into this, could essentially give me confidence to be able to buy now, if drop occur sell/rebuy incur CL this FY.
    Plan was to buy in Trust anyway as that's where the funds are held and works for me (the potential downside was the CG carry over, but would work well for this FY?)