Dear %%first_name%%,
For most investors, especially SMSF trustees, the solid and steady approach is often best when it comes to stocks. In today’s note, I explain why I like great companies that can be held for the long term.
Also today, Paul Rickard reviews Westpac’s new hybrid issue, which he says is as straightforward as a hybrid gets. Charlie Aitken has taken another look at his high conviction large cap recommended portfolio and made some adjustments. Find out the stocks that are in, and what has been cut. Plus, with the concessional contributions tax to increase, Andrew Bloore reveals how to use franking credits to boost your super.
Sincerely,
Peter Switzer
About 98% of self-managed super funds (SMSFs) held some investments in cash and term deposits in 2010, while 68.2% were invested in listed shares, ATO figures show.
Meanwhile, 11% of SMSFs owned business real property and 3.6% of SMSFs had residential property.
Other investments, which include art and collectables and other assets, like wine and racehorses, made up 5.1% of total SMSF assets during the year.