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Self-managed super funds have seen a rapid increase in the last few years, with many people seeking transparent alternatives to traditional superannuation providers for their retirement planning.

" ["fulltext"]=> string(1378) "

Chris Brycki founded the online investment adviser Stockspot to help people grow their wealth by providing access to low-cost, diversified portfolio opportunities. SMSFs are an attractive avenue for investors, however they require active attention to regulation and administration.

Chris joins host Grace Ormsby on this episode of the nestegg Podcast to share data that disproves common misconceptions around SMSFs, explain why simple investment solutions generally provide better results, and emphasise the importance of generating an investment strategy when setting up one’s own SMSF.

Thanks Chris, for sharing your insights with the nestegg podcast team!

You can keep up to date with what Stockspot are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Making the most of a Wall Street plunge

By Lucy Dean · February 09 2018

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Making the most of a Wall Street plunge

By Lucy Dean
February 09 2018

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Making the most of a Wall Street plunge

By Lucy Dean · February 09 2018

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Investors should avoid selling shares in a panic, and instead consider how market movements can work to their favour, a tax expert has said.

H&R Block director of tax communications, Mark Chapman told Nest Egg that while it is critical that investors never let tax influence their investment strategy or decisions, there are ways to dispose of shares while cutting down on CGT exposure.

He explained: “There's maybe one opportunity to maybe crystallise on some capital losses for some shares which should have fallen as a result of what's happened over the last few days.

“That can be particularly useful if earlier on in the year, while the market was going up you sold some shares and triggered some capital gains which would have to be reported on your tax return in July.”

Investors who have sold shares throughout the year and triggered capital gains due for reporting on tax returns after July could also dispose of shares “which have fallen through the floor”.

He said that by doing so, the loss-making shares would offset the profit-making shares and reduce the taxes payable.

But don’t be silly about it

“The big caveat,” he continued, “Is that you should never really allow tax to be the driving force in your investment strategy and it's definitely not something that you should do without talking to an investment adviser and getting some guidance because generally speaking, the worst possible sign to sell anything is in a panicked market like the one we have at the moment.

“You've got to be very careful of inopportunely shooting yourself in the foot if there's something slowing now which might come back again next week or next month or in six months’ time,” he said, labelling the tax opportunity a “cautious one”.

Mr Chapman’s advice comes in the wake of Monday’s Wall Street correction which saw the Dow Jones Industrial Average fall by 1,175 points. Recognised as the largest drop in six years, it followed a 666 point fall on Friday.