One of the retirees being a widower did move into a unit after selling the family home.Interesting as to the downsizing. Did they move into a unit?
The problem is, life throws curved balls, especially when it comes to health and familyInteresting as to the downsizing. Did they move into a unit?
Personally, I'm unlikely to downsize, and if anything, slightly upsize into a really easy to maintain house, very close to public transport, plenty of room for a shed or two, in a quiet area, close to a good hospital. If it's my last house, I'm going to want to love it, since I won't be going anywhere in a hurry.
And in the case of the widower I was talking about, it wasn't a question of choice as she had most of her wealth tied up in the family home. So to live comfortably with sufficient money she had to downsize and invest the remaining proceeds of the sale to live off... in her golden years.The problem is, life throws curved balls, especially when it comes to health and family
Can't find any ETF's of that, which can be traded on ASX. Only international one that comes close is Vanguard International Fixed Interest Index (Hedged): (VIF). Here is the description:Slightly off topic:
Is there a way to buy US treasury bonds aka etf on the asx?
I know how to own some on the NYSE, and i do, but has anyone found a way on the asx?
Thanks, that is the state of my searches...why?Can't find any ETF's of that, which can be traded on ASX. Only international one that comes close is Vanguard International Fixed Interest Index (Hedged): (VIF). Here is the description:
"Exposure to high-quality, income-generating securities issued by governments from around the world, hedged to Australian dollars to reduce fluctuations."
Yes, I think we are limited to the choices we have here in Australia. However the landscape has improved quite a bit in terms of variety compared to when ETF's were first introduced.Thanks, that is the state of my searches...why?
And VIF is edged..
I want US bond, treasury ones, unedged....
Have to stick with pershing/comsec
A shame
I agree but would have thought that an ETF for raw unedged US treasury bonds would exists, it is a key investment worldwide even for governments..Yes, I think we are limited to the choices we have here in Australia. However the landscape has improved quite a bit in terms of variety compared to when ETF's were first introduced.
Same here, I think the unhedged version is one of the assets that investors flock onto in times of uncertainty and should be available on the asx as a plain vanilla ETF. The hedged version introduces an additional layer of complexity because investors have to try and predict what the AUD/USD will do as well.I agree but would have thought that an ETF for raw unedged US treasury bonds would exists, it is a key investment worldwide even for governments..
But yes government do not need ETF nor the 1%
over time as economies develop in theory they should slowly be shifting towards secondary and tertiary industries. i don't have the data readily available, so i'd be happy to be proven wrong if someone does have it, but to me it feels like that is happening with a lot of other advanced economies, whereas we seem to be slowly shifting back to primary.
IMO, it is difficult to value our market, we have lost a lot of manufacturing but have gained a lot of mining efficiency improvements, add to this an influx of cashed up Asians makes it difficult to pin down where we are at.Agree on the general economy, and so i i wou be wary of etf wide indexes in Australia
After the crash we need to have, and pray we have one, we will be among the few western countries with a positive age curve for consumption, so in the next 30y or so building, consumption and general gdp should keep growing, but that is not a given win in term of share market
See Brazil, Argentina or Chile in the last 40y...
Add economic mismanagement and a socialist government and you can screw even the best basis
Overall i i wou edge my bets with some exposure to at least some Australian sectors after the crash
Slightly off topic:
Is there a way to buy US treasury bonds aka etf on the asx?
I know how to own some on the NYSE, and i do, but has anyone found a way on the asx?
A big question, it depends if the person is above pension age or below it, if they are married or single and if they own a home or are renting.I have a question regarding threshold for self-funded vs pensioned as I am not retired yet. If a self-funded retiree loses a lot of his/her/their wealth through a major share market downturn or loss of investment property on their SMSF etc, at what point are they eligible to claim part pension again ? i.e. what happens if their nest egg is no longer enough to live on, or it runs out ?
I spend about one third of my working week dealing with Centrelink for our clients as their correspondence nominee. @sptrawler is right, depends on age, single or couple and whether you own your own home or rent. Pre 01/01/1954, your age pension age is 65, with the age pension age increasing 6 months every 2 years, details can be found here. Most of our clients fall into the couple homeowner situation, @aus_trader assuming this is your situation, your maximum deemed asset base to entitle you to a part age pension is $863,500 (if this is not your situation, you can find the relevant thresholds here). Just keep in mind though, that if your spouse has reached preservation age (between 55 and 60 depending on when they were born) and is under age pension age (most likely 65) and they do not draw an income stream from their super/pension, their super is NOT deemed by Centrelink for the assets test until they either reach age pension age or start drawing an income stream. Additionally, by this time they would now be entitled to apply for their own age pension as long as your deemed asset levels were under the $863,500 threshold.I have a question regarding threshold for self-funded vs pensioned as I am not retired yet. If a self-funded retiree loses a lot of his/her/their wealth through a major share market downturn or loss of investment property on their SMSF etc, at what point are they eligible to claim part pension again ? i.e. what happens if their nest egg is no longer enough to live on, or it runs out ?
I not long ago spoke to a customer service associate through the age pension line who told me that Centrelink have 7 weeks KPI's for processing claims. Effectively this means that no matter how much you demand to have an application processed faster, there is no requirement for them to do so before a minimum 7 weeks have lapsed from the date of application submission. Although, depending on who you get to speak with at Centrelink, after those initial 7 weeks have lapsed, you can ask to have the application escalated and request to have it processed ASAP. I have had a few applications go through quicker from this request and a few say that they can only be escalated if the clients are under financial hardship (there is a definitive definition for this but I can't recall it off the top of my head).The big issue I've heard from my mates on part pensions, is the time taken to process the application and the hoops that have to be jumped through.
Increasing the allocation to International slowly. Currently sits at 22% and will gradually increase it to the 25% - 30% range. Will use VGS to achieve it with fresh funds when they come in directed that way.
More interested in increasing income and not focusing on yield.
Yeah, as I mentioned earlier I live of 50% of my investment cashflow (excluding rent)
50% of dividends, p2p interest and options profits flows to my spending account, the other 50% gets reinvested.
Property rental just goes to reducing property loans, however all the costs of maintaining home are fund from the property account Eg rates, insurance, maintenance etc, so it probably works out I am using some where around 50%-70% of net property cashflow for personal housing costs, while the remainder is building portfolio equity by reducing loans.
How is the P2P investment scene going these days, does anyone have any recent dataYeah, as I mentioned earlier I live of 50% of my investment cashflow (excluding rent)
50% of dividends, p2p interest and options profits flows to my spending account, the other 50% gets reinvested.
Property rental just goes to reducing property loans, however all the costs of maintaining home are fund from the property account Eg rates, insurance, maintenance etc, so it probably works out I am using some where around 50%-70% of net property cashflow for personal housing costs, while the remainder is building portfolio equity by reducing loans.
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