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The ‘Allocating your assets’ page shows a defensive portfolio includes 25% cash, 55% bonds and 20% growth. I am 85 and my portfolio is similar, but no bonds – 75% ($600k) term deposits, and 25% ($200k) growth.
I have read your bond tutorial and feel I need bonds. However, your ASX list of bonds seems out of date. Do you have some current recommendations?
Thank you for the excellent Switzer report’s daily dose of financial information.
Along with many others I hold all four major banks. From the outside they all appear similar – yes some are bigger or smaller – but I can’t see many differentiators as an investor.
So why would I hold all four instead of picking just one or even two, and simplify things to watch in my portfolio? Surely they perform much of a muchness?
If they banks were people or cars, how would you characterise them?
This might drive (sorry!!) it home for me as a visual person.
Thanks and keep up the good work!
I follow with great interest your super advice and also your two model investment portfolios.
My wife and I have about $4m in our unsegregated SMSF, which has been in pension mode for the last 10 years, of which about two-thirds is mine and one-third is hers. Thus it is likely that I will be about $1m over the $1.6 cap as at 30 June 17. Obviously I can remove this surplus out of super before that date but my financial adviser says that I need to do nothing at all at this stage. He says that after 30 June my portion can be notionally divided into a ‘pension’ component and an ‘accumulation’ component by means of an ‘actuarial certificate’ that will cost around $250, and that this will meet the legal requirements. Is this a valid option since I never see it discussed?
I have recently read Graeme Colley’s articles where he states that it is possible to have a higher cap than $1.6 million on 1 July if you are the recipient of a defined benefit pension. I am in this category, however, so far I have been unable to find any information on how this will apply.
Can you please give me some direction as to where I can find some more information in relation to this and how it will be calculated.