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CGT change 'to hurt those it's supposed to help' as young Aussies chase fast gains in frenzied markets
['Tue August At Am Gmt', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
He began investing before he was legally allowed to drink a beer – and doesn't mind jumping on the latest market trends.
Focused on the space industry, it gives local retail investors exposure to one of the hottest sectors in global markets at the moment.
"It was on my radar and I got RCKT the first day it came out," Kaleb told Yahoo Finance.
But it's this type of investing that will be taxed harder under the upcoming changes to capital gains tax (CGT) next year.
"It's not going to help the people that they are trying to help.