Ask a Question

You need to be a full subscriber to access this feature of the Switzer Super Report. Click here to upgrade your subscription or read recently answered questions below

Recent Questions & Answers

Local and international stocks

Paul Rickard

My wife and I have our own SMSF and are looking to start trading in both local AND international stocks in the near future.

We have had a real problem locating a quality and caring broker to help us get going, and who has experience with most of the international exchanges, especially those in the “emerging markets,” where we wish to invest a fair portion of our money.

Whilst we are new to share trading, we do not seek any investment advice, just someone who can open a local and international account in the name of our SMSF and provide us with basic information on how to conduct our trades thereafter.


Take a free trial or log in to read answer

Ethical based investing

AAP

I have not seen any articles on ethical based investing for investors.

It came to my attention with Charlie Aitken’s recent report on WOW.

Unfortunately, I won’t buy the stock because of its ownership of thousands of poker machines.

I know Charlie Aitken has also written a number of articles in support of Crown.

Do you think there is a place for ethics based investing, or should it be ignored in favour of returns to shareholders?

If you have any personal experiences to share it would be much appreciated.


Take a free trial or log in to read answer

Placing property in a superfund

Tony Negline

I have a rental property which has been in my superfund since about 1991. This was back in the day when it was legal to loan against a property in the superfund.

I have a trustee company for the superfund which manages this.

The property value is about $550,000. I owe about $60,000 on the property. The value of the property is the lions share of my super. I’m getting about a 5% (rent $490 per week) return on the property and I going to talk to my accountant about transition to retirement so I can access some of the rental return.

We have another property which is not in the superfund, valued at approx $230,000. We owe about $124,000 and receive $280 a week.

Can we some how put the latter property in the superfund to get the tax benefit?


Take a free trial or log in to read answer

Questions on BCI Iron

Paul Rickard

  • What is your outlook for BCI as the takeover of IOH is proceeding? Do you think BCI is able to survive in the event the Iron Ore price collapses further to $70.00 as some analysts are now predicting?
  • Should I sell all or part of my shareholding now and cut my losses?

On the other hand, the current low price represents an even better buying opportunity and I am thinking of increasing my position to average down my losses and average purchase price, and recover in an anticipated rebound.

  • Do you think this would be a wise strategy?
  • Charlie was forecasting a recovery in the share price to $5.30 near term. Due you still see this occurring?
  • How long do you foresee the Spot Iron Ore price remaining at these levels?

 


Take a free trial or log in to read answer