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In my SMSF over the past 8 years, the bulk of the investment has been with UBS and Perpetual Australian share fund.
In early August this year, both investments were sold, and the proceeds put on hold. In the next few weeks, my plan is to reinvest with stocks with growth and good dividends (approx. 10 stocks). I would also like to invest in ETFs.
My planning is for the long term. Your advice on this strategy would be extremely appreciated.
A: It is not appropriate for me to comment on what actions you have already taken – so let me just comment about going forward.
Firstly, in relation to broad based listed investment companies such as Milton, Argo or AFIC, you might like to refer to my colleague Paul Rickard’s analysis of these, and his comparison with ETFs. Please have a look at this article here.
In regard to investing in stocks with growth and good dividends, this makes perfect sense to me. I am not sure whether 10 to 12 stocks is enough, however if you use broad based LICs like Milton, Argo or AFIC as the core, then you can easily complement or enhance this by investing in some specific stocks. This approach is known as “core and satellite”.
