- Joined
- 4 April 2014
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- 53
if you aren't confident in your own counsel, I would suggest you just buy top quality, low management cost, ETF's and LIC's and if you are in the building phase use dividend re investment.
I am in retirement and have a smsf, so it may not be agressive enough for you, but I have MLT,AFI,VAS & VAP.Could you name a few? I am interested in researching these as well.
-Frank
But due to an inheritance I received 2 years ago I had to 'make' it my thing and try to learn to invest. I need to invest so that I can start to plan my retirement.
-Frank
Could you name a few? I am interested in researching these as well.
-Frank
Are you in an industry super fund?
They have advisors now.
I would arrange a meeting.
If not, consider switching.
If you are retiring in the not too distant future you need good untainted advice.
A quick search of the OP's posts reveal on 8 July 2019 said there was an advisor involved. Said it again on 29 December 2019 and also in that post wanted to retire in 3 to 5 years.
And still asking fundamental questions?
I'll allow others to work out what is happening by the seemingly continual asking but apparent inaction but it is clear to me it is something is very, very odd.
Have worked with people of a similar mindset so it's familiar territory.
Granted you may not have had any prior financial knowledge before coming into some money but by now if you have learnt little in those two years, which seems to be the case if you are asking such basic questions, I suspect it could be beyond you.
I have $1.2m to invest and I'm keen to retire and want to make sure I don't make big mistakes
For example there is no point in me investing in VAS and IOZ and STW. By looking at a few portfolio setups I can see for example 'ah, so this guy has invested 30% AUS index, 20% Global Index 30% AUS Industrials and 20% Small Caps, this is interesting',
Mistake four dissing something as simple as VAS.
Mistake six associated with the above. You don't have the time left to be aggressive if you wish to retire in some five years.
It sounds like your are after a sure fire guarantee, to not lose money in the share market, there isn't one.I didn't diss VAS. , I own 'VAS' as part of VDHG anyway. I think my comment was out of context.
I was giving an example on how its good for educational reasons to see what others are doing and I was using education in the sense that if someone doesn't know what they are doing that they may invest in VAS, IOZ and STW , in the contest that they all very similar if not the same.
Fair enough thats a good point.
I think I know enough to not invest in anything 'wrong' but not enough to invest into anything that will get me to where I need to be. I need a financial advisor looking over my shoulder.
-Frank
It sounds like your are after a sure fire guarantee, to not lose money in the share market, there isn't one.
If a FA knew how to make money and not lose money, he wouldn't be working, he would be traveling the World on his mega yacht.
There is risk investing in anything, there is even risk having your money in the bank, if you are really that scared of losing it, spend it and enjoy it, buy a house, go and travel.
It might be worth taking a teaspoon of cement before you retire, because the worry is a lot worse then. Lol
It sounds like your are after a sure fire guarantee, to not lose money in the share market, there isn't one.
Same feeling here. Have dealt with so many of the same attitude over the years I no longer have any patience with the approach.
The OP would probably do themselves a favour and get as much as they can in super, place the rest in VDHG and be done with it.
How do you mean 'dealt' as in communicating in forums or are you in the finance industry?
Funny you should say that because I am seriously considering
Frankie ,
knowing what OP invested in is useless unless you know why they invested in them.
I have $1.2m to invest and I'm keen to retire and want to make sure I don't make big mistakes. I don't have years in front of me to make up for mistakes..
All I am trying to do is create a very simple portfolio of maybe 3 or 4 funds, that I can just set and forget. But one where it aims to grow a little more than the normal market average. The average market return seems to be 4% I wanted to aim a little higher than this and take on a little more risk.
I can't understand why I'm finding it so hard to do this or to find an advisor who will just do it for me. They all want to give me a complex stupid portfolio that they have to manage and make work for themselves..
I was hoping that example portfolios by the members on here I find to be a helpful tool, it gives me the confidence that I understand it.
this is a very big mistake IMHO - if you are close to retirement and don't have room for error, you should not be taking on more risk and trying to beat the market!
even equity index funds (which will by definition return slightly less than the market due to MER) may be too much of a risk for you, as there is always the chance that the whole market could fall significantly (eg. GFC).
i personally am staying 90-100% in equities even though i'm also planning on retiring in 2-3 years, because i'm mitigating that risk by targeting a 2.5% drawdown, and i do have years in front of me if even that isn't enough protection (i'm 40).
i don't know what your situation is. FWIW i think VDHG is probably a fairly solid choice that should work well for you, but if not having years in front of you is that much of a concern, i'd be more inclined to go for one of the more conservative horses from that stable, like a VDBA for eg.
of course they do. most of the time (but not always, i'm sure there are a few good guys out there) they're mainly out there to make money for themselves and their institution. not for their clients. if their clients happen to make some money along the way, well that's a nice side effect, but it's not their main priority. were you following the royal commission?
they make the most money for themselves not when their clients make money, but when their clients frequently transact (or they frequently transact on behalf of their clients) incurring commission, and when they sign their clients up to products that they can get kickbacks from.
you mentioned that you bought into the market in dec 2018 (one lot of commission) only to pull it all out again a few months later based on some "advice" (copping another lot of commissions). were those at typical online commission rates (~0.1%) or typical "broker assisted" commission rates (1-2%)? this is classic advisor tactics right there, recommend a whole bunch of transactions, ringing up a pile of commissions in the process, realising little to no benefit for the customer.
i can only speak for myself, but i suspect the predominant view around here is one of skepticism and cynicism towards the advice industry. most of us here prefer to manage our funds ourselves, learn as much from each other as we can, and apply some critical thinking to our own portfolios after taking on board the views of others. instead of throwing all of our decision making to an advisor and hoping that it all works out.
if you want some examples read thru Zaxon's retirement asset allocation thread. i've described my portfolio there along with the reasoning behind my decisions, and quite a few other people have done the same as well.
https://www.aussiestockforums.com/threads/whats-your-retirement-asset-allocation-percentages.34989/
i personally am staying 90-100% in equities even though i'm also planning on retiring in 2-3 years, because i'm mitigating that risk by targeting a 2.5% drawdown, and i do have years in front of me if even that isn't enough protection (i'm 40).
How are you able to limit your downside to 2.5% if you are fully invested ?
so i wanted to try and encourage him to think thru his own situation first
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