hi cowcockiei presume you are talking about an smsf (with an abn...

hi cowcockie

i presume you are talking about an smsf (with an abn managed portfolio service) - it's not hard to manage a portfolio, particularly if you don't trade much and you make the investmnet decisions yourself - if you don't trade, looking after your affairs during the year should cost you zero

areas to ensure efficiency are:
- have a single bank account in the fund (one that pays good interest - cmt's are fine)
- keep full records during the year
- print off the trading transaction history and portfolio at year end
- maintain all assets with a single chess sponsor
- don't drp unless a sizeable holding
- don't use wrap accounts
- proactively manage the number of investments held (don't let the fund become lazy by carrying lots of 'dogs')
- ensure sufficient liquidity to enable the fund to pay it's own expenses (rather than you paying fees etc in lieu of contributions)
- don't invest in managed funds where there is regular reinvestment / dist'n reinvested / rebates and or fees taken from the disposal of units

you don't need a fancy filing system - keep separate piles for
- bank statements
- dividend / dist'n notices
- contract notes
- holding statements
- spp and other non-trade investment bits and pieces
- ato corresp
- general corresp

easy peasy - and you just saved 4k

cheers

mk