This is my first post. I manage an SMSF with share market investments. I was using a financial adviser until 18 months ago but he lost me heaps so I took it over, read everything I could get my hands on about the share market and my particular shares and now use an online broker.
I am now becoming more confident and my portfolio is doing quite well (thanks to a fair wind on the market) I also subscribe to one of the investment newsletters.
I mostly buy and hold as I am accumulating for my retirement and I’m too busy working to spend time glued to the screen looking for trades. I also like to sleep at night.
My biggest dilemma is deciding when to sell.
I also have an ethical bias to my portfolio which excludes me from fossil fuels, gambling stocks and companies with a questionable environmental or social record, so I have difficulty in particular choosing resource stocks, although I think I’m doing OK with Portmans.
I’d be interested to know if anyone else on the forum has experience managing an SMSF and if there are any experiences, tips or tricks they could share with me.