Just wanted to say I’m thinking of those affected by Sandy today. The footage coming out this morning has been so sad, such devastation. It really does put things back in perspective to see so many people who have just lost everything. Makes our daily problems seem so insignificant.
Well my first SMSF audit was due a few days ago in preparation for submitting my first SMSF tax return. The whole process was very easy. I logged into my esuperfund account and they have a checklist of Yes/No questions to answer, some papers to be scanned in and then click to submit. The whole process took me about 20 minutes. Because of the way esuperfund is set up they already have a record of all my transactions. I’ve been unsure of how much detail I want to share here so I’ve decided to report the total balance and the dividends and interest earned which I’ll update on this page. I’ve also listed some resources I use there.
October was a big month for dividends which totalled $463! (on approx. $20,000 portfolio). I also received interest on cash deposits totaling $174 for the quarter. I’m really pleased with how it’s going. I love doing the research and being responsible for my own money! Today I purchased another $10,000 in stocks. I’m building a nice portfolio of top 100 ASX, high dividend paying stocks along with a few stocks to trade and some cash. I have a ‘shopping list’ of stocks that meet my criteria and I wait and watch till the price is right ( i.e. on special!) to buy.
I’d really love to be putting more money away for retirement but first we have to get rid of this mortgage!