Minimum number of days owning shares?

[DDH]

Hi everone,

This is my first post on the forum - if this question is silly/already been asked... please be kind!

Is there a minimum no. of days you are required to hold//own shares?

If I wanted to sell shares say 5 days after T+3 purchase, is this possible?

Thanks!

 

[Trembling Hand]

Re: MINIMUM NO. OF DAYS OWNING SHARES?

Hi everone,

This is my first post on the forum - if this question is silly/already been asked... please be kind!

Is there a minimum no. of days you are required to hold//own shares?

If I wanted to sell shares say 5 days after T+3 purchase, is this possible?

Thanks!

You can sell your shares seconds after you have purchased them.

 

[captain black]

Re: MINIMUM NO. OF DAYS OWNING SHARES?

Hi everone,

This is my first post on the forum - if this question is silly/already been asked... please be kind!

Is there a minimum no. of days you are required to hold//own shares?

If I wanted to sell shares say 5 days after T+3 purchase, is this possible?

Thanks!

No minimum. You can sell them as soon as you buy them.

 

[DDH]

Re: MINIMUM NO. OF DAYS OWNING SHARES?

Wow, quick replies! Thanks TH and Captain Black!! Okay, lets consider this thread closed!!!//

 

[tinhat]

If you claim more than $5,000 of franking credits in one financial year then the 45 day rule applies. You must hold the shares "at risk" (that's the ATO's term) for a minimum of 45 days to claim a franking credit. Note that the 45 days does not have to come after the ex-dividend date or the dividend payment date. You can own the shares for 45 days prior to the ex-dividend date and sell them on that date and still claim the franking credit.