- Joined
- 15 December 2023
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- 1
I recently setup an IB Account and will be putting about 700 k AUD into it.
I am 53, and going into semi retirement in Australia.
i would really appreciate if i can get some feedback about a few things …
Trailing stop loss via the web portal seems to be the best way to buy to Buy US stocks and protect from volatility ? I started to practice on the paper trading account and really like how your pending trades are shown in the charts .
Any advice appreciated in this area…
Regarding Taxation, Should I hold in AUD to make tax time easier ? I read that somewhere. But if I trade in US stocks , every time I convert to cash I presume I want to convert to a USD cash account to avoid the fx charges ? So I don’t know what’s the best approach here as the 2 are contradictory based on my logic / assumptions outlined above…
Regular salary requirements…
My plan is the pay myself a monthly salary by selling a small percentage each month and sending that back to my Wise and / or CBA bank account. This is to show a regular salary so that I can get an Australian mortgage in a years time as the mortgage brokers have told me they need this. Does this sound like a decent approach ?
Lastly tax accountants in Australia.
I don’t know the forum rules , so please tell me otherwise, but I was hoping to get some contacts for Aussie accountants that are used to dealing with IB and tax. I saw some threads where people were getting hit with high accounting fees just because it’s US stocks and so figured it’s best to get an accountant that has done this before…
Thankyou in advance and please forgive me asking 4 questions in one post .
I am 53, and going into semi retirement in Australia.
i would really appreciate if i can get some feedback about a few things …
Trailing stop loss via the web portal seems to be the best way to buy to Buy US stocks and protect from volatility ? I started to practice on the paper trading account and really like how your pending trades are shown in the charts .
Any advice appreciated in this area…
Regarding Taxation, Should I hold in AUD to make tax time easier ? I read that somewhere. But if I trade in US stocks , every time I convert to cash I presume I want to convert to a USD cash account to avoid the fx charges ? So I don’t know what’s the best approach here as the 2 are contradictory based on my logic / assumptions outlined above…
Regular salary requirements…
My plan is the pay myself a monthly salary by selling a small percentage each month and sending that back to my Wise and / or CBA bank account. This is to show a regular salary so that I can get an Australian mortgage in a years time as the mortgage brokers have told me they need this. Does this sound like a decent approach ?
Lastly tax accountants in Australia.
I don’t know the forum rules , so please tell me otherwise, but I was hoping to get some contacts for Aussie accountants that are used to dealing with IB and tax. I saw some threads where people were getting hit with high accounting fees just because it’s US stocks and so figured it’s best to get an accountant that has done this before…
Thankyou in advance and please forgive me asking 4 questions in one post .
