Blog

Tip #17 - Don’t fall prey to “shoebox syndrome”

by Andrew Bird, Executive Chairman, Sharesight | Sep 3rd 2013

Every week we post a tip that we hope will help you become a successful share market investor.

Tip#17 — Don’t fall prey to “shoebox syndrome”

As all share market investors know, the benefits of being in the market come with responsibilities to the tax office, not to mention the need to provide information to your accountant and frequently other interested parties as well. If you’re not prepared to keep your paperwork in good order throughout the year, or use an online share portfolio management service to do it for you, you most likely will end up in a last-minute scramble to get your affairs in order.

Paperwork haters like me know the shoebox drill – hunting around at the 11th hour (13th hour?) for trade confirmations / contract notes and dividend statements, scouring through bank statements and desperately trying to remember details of share splits, bonus issues and everything else that happened in your portfolio over the last year.

This information is not a recommendation nor a statement of opinion. You should consult an independent financial adviser before making any decisions with respect to your shares in relation to the information that is presented in this article.

FURTHER READING

Top investing podcasts

Top 50 finance and investing podcasts in 2025

by Stephanie Stefanovic | Apr 27th 2025

The Sharesight team has put together a list of the top 50 investing, personal finance and business news podcasts worldwide.

Custom groups

8 ways to use Sharesight's custom groups feature

by Ricky Yeo | Apr 23rd 2025

This blog explains our custom groups feature, including strategies that can help you gain deeper portfolio insights and make more informed investing decisions.

Timing the market with ETFs

You can time the market – and ETFs are the way to do it

by Marcus Padley | Apr 15th 2025

Marcus Today founder and director Marcus Padley discusses timing the market, and how investors can do this using exchange-traded funds (ETFs).