Ann: Fourth Quarter and Full Year 2018 Results, page-158

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tt2000

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11/04/19

09:53

Post #: 38092210
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Originally posted by xmanrocks ↑

looks like you need a smarter accountant.
For me I trade under a company vehicle....corporate tax in NZ is 28%
My longer term investments are held in my personal name
I am more than happy focusing about 15 hours a week for ave $2400 weekly return(before tax and expenses) as I see it more a part time job, that I enjoy, rather than a investment. I am very happy with the returns for my efforts and it combines well to balance out my other weekly time obligations
Not sure how long this sweet spot will continue but I am happy banking the profits while they do.

Now one thing you need to take into consideration is individual situations whereby my trading activities allow me to claim expenses over and above what my other income earnings streams are able to.

SEA is the only stock I day trade at the moment and like I say it is a day trading gem.
Not sure how long it will remain a day trading stock as trading patterns can change quickly

First time in a month I got caught holding SEA overnight yesterday so pleased to see oil up overnight.(getting a bit cocky)
Will change my position to hold but won't be for long

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Yes - I do need to look a smarter tax minimisation strategy. I currently just hold in my name...

$2400 per week is decent, providing your capital at risk is not extremely large.

Nice little ascending triangle forming on SEA - need it to break 46

SEA Price at posting: 43.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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