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Recent Questions & Answers

MGC: buy, hold or sell?

Paul Rickard

Hello:

Can I ask your opinion about MGC, it had been sold so heavily today. I know the fundamental is not really good because of the latest announcement, is it time to buy, hold or sell?


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Recently retired

Paul Rickard

I have recently retired at 55/11 from the APS and opted for a full pension, however there is a $1500 amount that must be kept in the superannuation system until I’m 56. Where would be the cheapest and easiest place to go?


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Tax implications

Paul Rickard

We bought BHP at $37 and Fortescue at $7.50 during the GFC. We wish to transfer these stocks in to our SMSF. Should we sell them to the fund at the original buy price?

What tax implications would we have seeing we are still in an accumulation mode and still running a small business as a partnership?


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Budget speculation

Paul Rickard

With the recent speculation that the upcoming budget will provide funds for infrastructure what companies should benefit ?


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Managed Discretionary Account

Paul Rickard

1). What are your views on using a Managed Discretionary Account for super investments? My new financial advisor is recommending this and uses Findex for the MDA. As our Super investment results have been poor since 1999, my hope would be a greater diversity as stock picking by an Advisor has been bad for us to this point.

2). My wife and I are the only members of our SMSF and we will both be 65 by August this year. He is also recommending that in conjunction with the first question, we keep all funds in super but close the SMSF. He maintains that this would save accountant costs and provides an “anti detriment payment” benefit should one of us die.


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