Mt experience over 18 years trading..... 1. Get classified as a...

Mt experience over 18 years trading.....

1. Get classified as a trader. You are the. On an income account and can value your stock EOFY at market or cost. the good news is you can do this trade by trade what you hold.
2. Get a DIY Super Fund and set your strategy paper as a trader. You can off market trafer in and out between your trade acc and SF.
3. Long term hold I put into a CGT environment. For me it's a nominee company.
4. You can deduct attendances at seminars, conferences etc....
5. The BIG ONE. Keep a spreadsheet and update it day to day. If an acc does all this for you expect to pay Serious money.......but worse, you will not have a feel for where you are at.

Above assumes you have a substantial amount of money in the market. Get some basic spreadsheet skills. You don't need much but you need to be on it all the time. I often update during the day in quite trading windows.