STO 1.16% $6.84 santos limited

Ann: Second Quarter Activities Report-STO.AX, page-18

  1. 436 Posts.
    I have ALL my money in shares (long and short). I trade for a living and average 8% return on assets per month -with a hedged book. Better than idle money sitting in property, which may return 10% per year. I have traded for a living since 1997 (usually for institutional clients, but now for myself)

    Living in HK is expensive but managing the costs and livelihood of a family of 5 here on trading returns is a better option. NO capital gains tax or tax on profits, and no holding periods to consider makes it a nice option.

    The down side is I sit at a computer from 7:30am HK time until 2pm HK time, and then again for the UK open and then again the US open, the UK close and the US close (if needed). At my ripe old age I could do with more sleep, but I wouldn't change this for anything. AND, this is the view from my (home) office

    Stanley.JPG
 
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