hobby, sharetrading or investor?, page-3

i dont think he has any taxation/ATO or centrelink problems to be honest

its his money to do what he wants

if he makes a profit at the end of the year he has to declare it in his return, if he loses it he starves

unless you have 20k in share sales or a portfolio of 100k(maybe 150k not sure) you are an investor not a trader

if he uses OTC CFDs it may be the same, but I have read somewhere that can be considered the same as gambling on the horses