Coronavirus Issues and Possible Value Buying?, page-21

Hi Sabbath and Furpo2

I also did some re-arranging when I thought that Labor might win and remove refunding of imputation credits. I wound up a small Family Trust and a small Family Co. and distributed all of the franking credits, plus paid some capital gains tax. This left me with some cash and a very disrupted retirement plan. I then allocated the cash to my SMSF and a joint share account.

Short term trading - interesting. I have tried this occasionally - with mixed results (probably about even). The main type of trading I do is with a small % of my funds - I purchase up to ten spec stocks. I have been doing this for a couple of decades. I am up overall on my specs. The usual result is that most of the specs result in considerable losses but a few go up several bags.

Regards
Old Fisherman