here comes the spp, page-128

re: on your marks .....cap locks Hi Cap Locks

Thanks for your comnsidered suggestions about super and HDR profits. I manage my family DIY Super fund and have averaged 25% on a reasonably balanced portfolio (more HDR and WPL than would be considered "safe") over the last 2 financial years. So I would be putting contributions into that fund.

I have been a full-time investor and trader for those 2 years as well and last FY wasn't so great for trading (I only go long so far) but this FY profits are significantly above even the maximum you can put into super with a full deduction at my age (somewhere between $75k and $90K at 49 from memory). But I am aiming to build my fund to at least $1m in another 5-8 years - so putting the maximum deductible amount into my fund seems sensible - and should save a heap of tax.

Happy to hear your comments.

Cheers

H