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Best and worst stocks of FY21 Posted on August 10, 2021

share market

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.

This material contains general information only. It is not intended to provide you with financial product advice and does not take into account your objectives, financial situation or needs. Before making an investment decision you should consider, with a financial adviser, whether this information is appropriate in light of your investment needs, objectives and financial situation. Any opinions expressed in this material are opinions only and are subject to change without notice. Such opinions are not a recommendation to hold, purchase or sell a particular financial product and may not include all of the information needed to make an investment decision in relation to such a financial product. No liability is accepted for any loss or damage as a result of any reliance on this material. This material contains, or is based upon, information that Count believes to be accurate and reliable, however Count offers no warranty that it contains no factual errors.

Count Financial Limited ABN 19 001 974 625, AFSL 227232 (Count). Count is 85% owned by CountPlus Limited ACN 126 990 832 (CountPlus) of Level 8, 1 Chifley Square, Sydney 2000 NSW and 15% owned by Count Member Firm Pty Ltd ACN 633 983 490 of Level 8, 1 Chifley Square, Sydney 2000 NSW. CountPlus is listed on the Australian Stock Exchange. Count Member Firm Pty Ltd is owned by Count Member Firm DT Pty Ltd ACN 633 956 073 which holds the assets under a discretionary trust for certain beneficiaries including potentially some corporate authorised representatives of Count Financial Ltd. ‘Count Wealth Accountants’ is a business name of Count. Count advisers are authorised representatives of Count. While care has been taken in the preparation of this market update, no liability is accepted by Count, its related entities, agents and employees for any loss arising from reliance on this market update.

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