Question 1: What is the broker consensus target price?
Answer: Most of the major broking firms calculate a target price for the stocks they analyse. It is usually looking 12 months’ out. The consensus target price is the average of the broker targets.
Question 2: We were 95% equities and 5% cash in our SMSF just before retirement. However, just after my husband retired, we changed the mix of equities to include about 30% ETFs including SWTZ, MOAT, MFG and NDQ. We also chose higher dividend shares like bank shares and Rio, BHP but did keep some growth stocks. The ETFs are listed on the ASX but are they considered a different asset class (for ATO purposes) and will we satisfy the diversification rules?