brokerage is an expense for trader and can be claimed in the...

brokerage is an expense for trader and can be claimed in the year incurred....I claim GST on brokerage as I have an ABN

I like comsec for its cash account that pays a high interest rate and makes settlement a piece of cake

Paying brokerage can be a good thing....think, if it was free , you would end of buying for the sake of it

In my case Everything is done from company account so I pay a flat 30% tax on profits

Jay, Sorry to hear about your losses due to the GFC....I hope you have been able to devise a better plan. If you are a trader you would have been stopped out in early July 08

For me the GFC was a blessing in disguise

There were so many bargains in resource land at the end of 2008

good luck guys