My Demand: Make Long Term Capital Gain TAX on Equities NIL for individual investor.
I welcome the hike in STT (security transaction tax) on derivatives as it can curb reckless speculation. Nearly 90% of retail investors lose money in F&O, turning markets into gambling.
When STT was originally introduced, LTCG was zero. But now with both STT and LTCG in place, investors are disincentivised.
I urge the govt to abolish LTCG on equities for individuals, as done in Switzerland, Singapore, UAE & others. This will boost household wealth, reduce speculation, and shift savings from gold & real estate into equities.
Small suggestion to @nsitharaman & @PMOIndia and @narendramodi ji 💚
Stocks which are supposed to
Move 20-50% are not moving due to ASM/GSM / BE framework.
ASM/GSM framework already achieved the objective of brining stocks down by 30-50%.
This kind of framework does not exit anywhere in the world .
Pls look into the matter , if you do this you will earn more STT , GST and more capital gain .
Use stop loss if you are a momentum trader.
Don't use stop loss if you are a value investor ( till business & financials are intact)
#stockmarkets#investing#Traders