u/PinchAssault52

The CGT changes vs DCA

I havent seen anyone lay this out yet, so my apologies if its been done to death, but *how* is a person supposed to calculate cost base vs inflation if we're dollar-cost-averaging?

If I bought $5,000 worth of shares on the 1 Jan 2019, great, easy, cool. The cost base is $5k and the indexation is calculated from 1 Jan 2019.

But if I was buying $500 a month, starting from 1 Jan, then I've got 10 different start points.

Or $100 a month... 50 starting points for the calculation.

Am I supposed to just walk around with the worlds biggest spreadsheet tracking each purchase? Does the inflation count from day 1 or reset each purchase. How expensive a bottle of wine/whiskey do I hand my accountant as an apology for unravelling this mess...

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u/PinchAssault52 — 1 day ago

Adelaide gig

Longest of long shots, but if you were the guy carrying two drinks halfway through the Grandson set that overheard me and my friend say "Of course a room full of neurospicy people echoes back weird noises" and then you screamed at me and I screamed back.. hit me up. I need more weird gig friends 🤣

reddit.com
u/PinchAssault52 — 6 days ago