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Recent DIY Super Questions

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Switzer Dividend Growth Fund Distribution

The Switzer Dividend Growth Fund is to pay a $0.98 dividend on the 28/4/17 franked to $0.88. Whilst pleasantly surprised, I am concerned that the fund is paying out of its capital? My super fund holds shares hence the query.

Regards


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Recommendations for Bonds

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 However, your ASX list of bonds seems out of date.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.

 


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Telstra and JB Hi-Fi

I hold shares in Telstra and JB Hi-Fi. Both have dropped in price. Do you feel they have bottomed, or is this a good time to take a loss?

 

Thanks


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The Big Four Banks

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!


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SMSF and Notional Transfers

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?

Best wishes.

 


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Is It Possible to Have a Higher Cap Than 1.6 Million?

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.


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