The last Financial Year was the best since 1987 for Australian shares. A common trend of savvy investors is to sell off winning stocks as soon as the new Financial Year ticks over. This saves them paying tax a year earlier than if it is sold the next fiscal year. Equally, savvy investors bought up poor performing stocks that are likely to bounce back.

Interestingly, the best performing stock on FY21 was a gold mining company (Chalice Mining) and the fourth worst performing stock was a gold mining company – Regis Resources.

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