I am about to receive a for me large sum of money from the stockmarket.As i am getting older i want less stress and no stockmarket dramas.Many years ago i had a managed funds but what caused me to sell was i would get a yearly report showing either a capital loss or gain that had to be included in tax return.This i received well after end of tax giving me no time to mitigate result with a capital losing stock sale.Now my super conservative son has a few index funds,do they do the same as regards a yearly statement?also he reckons on average around 7% but how if they buy the index(VAS) not all companies pay a divi into the kitty and certainly not 7%,off course the other option is term deposits 4.1% gross taxable at tax time.Many thanks in advance for any replies.
