self managed, page-8

  1. 761 Posts.
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    I do the accounts myself. I find a double entry accounting package (I use gnucash) essential (I started using excel but soon found that my data entry was woefully inadequate - a double entry system makes mistakes easy to find). My accounts are up to date for the immediate past FY, and if I wanted to could submit my annual report to the auditor tomorrow.

    I also spend a small amount of money to an independent SMSF advisory service (I use "Superannuation Australia"), which has provided answers to all the questions I have had when managing the fund.

    As far as investment advice I find Eureka Report the most interesting (because it supports a divergence of views), but the AFR also surprisingly useful. I also subscribe to Intelligent Investor, but rarely respond to buy/sell recommendations alone - most of my investments are in microcaps, which are not usually found in investment advisories.
 
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