My Accountant tells me that trading in a Super Fund is forbidden so one would need to be careful about that.
There is a big difference I hope between trading shares in a company to make a profit on the ups and downs and keeping yourself occupied fine tuning your investment by swapping a small part of your holding from one company to another which you think has better short term prospects. It's a risky thing to do and at the end of the day you have to be very lucky to avoid not shooting your self in the foot. Lachlan could lob a fantastic drilling update tomorrow which kicks HGO's price up 60% like the 170m intersection in May last year did.
One of the four pillars of a successful, rewarding and happy life is having something productive to do. Punting in the sense of using your skills to seek out and fine tune investment opportunities is not a bad thing to be doing. I guess if you are actively employed in other pursuits that you enjoy being a passive buy and hold investor is a good option.
HGO Price at posting:
5.5¢ Sentiment: None Disclosure: Held
