I cant agree with this statement. ( sorry)
I certainly do not formally minute the reasons for my share buy/sells
My Esuper trust deed and the "sole purpose" test cover my investment decisions imo.
The exceptions are if I was to make an investment that represented a high proportion of my investment, "unusual" strategy, or was not crystal clear, or admin reasons.
I have done some research on this and talked to specialists
The answer I get varies from minute everything to what I do
Provided ones investments are within the Trust Deed, performing at or above benchmark, imo, no-one can say a word, as the sole pupose test is met.
Disclosure..as I have noted, I recieved various answers from highly qualified people, I am not qualified
( It probably isnt a bad thing to note why you buy and sell a share every time, as it clarifies your thinking about what you are doing, and helps review trade performance, also as you mentioned foward strategy)
Is " I gonna make some #$%^ money" a well-reasoned enough minute ?