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Recent Questions & Answers

Telstra buyback

Hi Paul,

I am still trying to get my head around the Telstra buy back that you have written in great detail. We have a SMSF in pension mode and after reading your report many times, am I correct in presuming that it is still only good if you have a capital gain that you can then write the loss off against if you had paid more than the buy back price? We only collect dividends in our fund so have no capital gains tax as we have not sold any shares. Thank you.


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Mining stocks coming to life

It looks like the mining sector has started an uptrend with lots of little mining stocks suddenly coming to life. For this reason I decided to buy the companies that service these stocks, ie WOR, MND and ASL. I was up $12,000 on MND when it tanked and I am up significantly on ASL. WOR is probably past praying for, so I got out of it for a small profit. However, I haven’t given up on MND. What are your views on ASL and MND?


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Your opinion on AHG

Hi Paul,
I have a small holding of AHG in my SMSF (in pension mode) and am not really a high risk taker, but I do like this growth stock. I was wondering your opinion about adding to the holding via the share purchase plan, and your opinion on the stock?


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Rolling over work Super into a SMSF

I am 61 years of age and fully retired. On the death of my father I inherited a share portfolio in 2014 and established an SMSF in the following year, principally to “house” some of the inherited portfolio. I am drawing a pension of 4% from the fund at the moment.

I have just rolled over my old work super with the intention of committing it to my SMSF. I have the cheque now made out to my SMSF, have made some costly mistakes taxation wise, and come away from meetings with my financial adviser seemingly knowing less than when I entered and generally more confused than ever. Can I deposit the rollover cheque directly into my fund? My intention is to use the proceeds to purchase shares.


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Telstra off-market share buyback

I intend participating in the Buy-Back Tender for shares purchased before 19 August 2016 (the Buy-Back Tender Record Date). In addition, I purchased some additional Telstra shares after the Buy-Back Tender Record Date which are not eligible for the buy back. I am also considering buying some additional Telstra shares and wonder what effect the buy- back itself is likely to have on the price of Telstra share following the tender closing date of 30 September 2016. Can you help on the likely effect?


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