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Monthly Momentum - ASX300 Super

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Fwiw, bell direct has a smsf option..so freedom of choice, trading even options..but not O/S exchanges..
I do not use them for super but could be worthwhile.
With bell direct, you own your shares under your own CHESS id.
 
@rnr I've held shares with IB in the past, and you are right, there is no CHESS Id for each individual client. Whether or not a SMSF auditor would be happy with that, I don't know. If @Warr87 plans to go ahead with this, that's one thing I would check.

@qldfrog I'm well beyond having a use for an SMSF. Well, not well beyond, but just beyond. Anyway, I'm happy with NABTrade, and that's where I have all my ASX listed stuff, although their web site can be a bit iffy at times.

KH
 
cd Bell Direct SMSF They may act as super fund..not sure
 

Difficult situation there. How did you deal with the AMIT cost-base adjustment for that year (assuming there was one) without having the Annual Tax Statement?
 
The person who deals with my retrns for my trust also does SMSF. so i will check with them in the future.
 
Belli said:
Difficult situation there. How did you deal with the AMIT cost-base adjustment for that year (assuming there was one) without having the Annual Tax Statement?
Click to expand...
I did the best I could Most of the information is available online as most ETFs and property trusts will publish a pro-forma Tax Statement.

In the event of an ATO audit, they aren't going to make a fuss as long as you show them workings and that you've made a genuine effort to calculate the missing figures. You might have to balance the tax but, from my experience, there won't be any penalty.

KH
 

Good outcome but you shouldn't have had to do that if IB had provided them to you. I'd be very annoyed.

One of mine was surprised when I told them they had to keep the annual tax statements. They thought it only applied to the tax year in question. Nope, said I, as the AMIT excess/shortfall (an variation to the cost-base) changes the CGT if sold.
 
Beginning of month 24

It was nice to see that when I logged in to see I was up! Not by much, but its something. I am currently holding 4 positions that I don't want to be in. One of them has been had trading suspended. I haven't checked the rest. But they are taking up spots and capital for new positions. It's very annoying.

Sharpe is still 1.15. All my other systems are moving up. Hopefully my long protracted DD is over. The past 6 months certainly showed the bad side of always in the market, monthly system.



 
Beginning of month 25

Was a nice surprise to see my account up. Was a nice boost. The issues this month are the same as last. I have 2 positions that I cannot get rid of due to suspended trading. 1 of them was meant to resume 1 Sep but was extended to mid-Sep. Very frustrated as its a drag on my account and I can't implement my strat as I want. Swapped out 2 positions in total (should have been 4 if not for the previously mentioned issue).

Positive movement. I should rebound quickly as this is an 'always in' strat. (Downside is the exposure during bear markets).


 
Beginning of month 26

slight increase this month again. I think I ended up losing some profits after mid-month. Still can't offload a couple of positions that have been suspended in trading. I am beyond annoyed right now given how long it's been and the tied up capital. Looks like I will only need to change out 2 positions next week, though if I could it'd be another 2-3 on top of that.




 
the real issue is that suspended trading usually means huge gap down when reinstated...
I hope it will be different for you this time and that you will get at least something for these 2 stocks.
Assuming they kept their price is mostly a dream distorting your graphs..All good as long as you are aware !
 
That is been in the back of my mind too .... their current price is already pretty far down from when I got it so it will be painful. Not being able to redeploy whatever is left is still annoying me though, lol.
 
I'll post a proper update in the next few days. Did well in the beginning of the month, average the past week or so. Today in particular it dropped a few %. The turbulent market has definitely given myself a big hit to the overall performance—but its expected as its not a good market for an 'always in momentum strategy'.

Will be following up on the positions I can't get rid of—I need to check if they're still suspended and/or for how long.
 
Beginning of month 27

Things were a bit flat in the end. First 2 weeks were up, then it came down (mostly in the last few days). Things have already gone up a few %.

Swapped out of 2 positions. Still holding onto 2 positions that I cannot purge due to be suspended. Not much more to say right now. Can't wait for momentum to start up again.

Sharpe is still 1.17






 
Beginning of month 28

Bit of an up-and-down month. Had an immediate up, followed by being negative up until the last week where it rebounded. I only checked a few days so not reliable. (Checked to see if I could finally shed the 2 positions that are not trading .... no luck still).

A nice increase up and even my other trading systems seem to be normalising (if not slightly moving up). A normal market is good for this system .... the sudden ups-and-downs do not pose a good situation for the monthly strategy.

Happy with where things are right now. I still cannot get rid of two positions that plague me, and take up two positions I could use! I've complained about it a lot (AVZ and FFX). Continual extensions on the suspension of trade. I just want them gone so I can implement the strategy properly.




 
Beginning month 30
I check the other day and was pleasantly surprised to see the big increase in the system. But when I checked last Friday I was down 6% from that height. Not sure which position caused it, but what was turning to be a nice up month became flat/small loss. But it's not too bad. I'm still tracking along the same lines as Cam running a similar system.

Nothing else to really mention. None of my systems are doing well right now. This one is showing a bit of life. I trade on.



 
Did my sells today and I surprisingly was getting rid of some of my most profitable and longest held positions. They obviously lost steam. And despite being in a negative PL for Jan, almost all of my positions were +ve (besides the 2 positions I've mentioned that I still can't get rid of to this day ... its bee months).
 
That you're selling good winners surprises me. It's been a very bullish month for the index and the large caps (bullish key reversal bar).
I would understand if those sold were small to mid caps.

 
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