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As part of an update to my SMSF, I will be adding two LICs. When comparing Milton, Argo and AFIC (and reviewing your recent article), I am thinking that I split between Milton and AFIC, who are trading at about a 3% premium at the moment. Argo looks to be trading at an almost 5% premium.
Your article noted that a 2-3% premium should be OK in the longer term (although ideally you should buy at a discount).
I would like to buy some Argo, but 5% seems too much of a premium.
So, my question is (and noting the 3% premium) would a split between Milton and AFIC seem sensible (for a long term strategy)?
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Ron Bewley’s projections for the ASX 200 was that it will go to 5800 and it probably still will.
All of a sudden there seems to be a massive disconnect between the Dow and our index.
I am buying the dips, but my T/A says that we could well come off another 100 points before this finds a floor.
I would really like a Switzer expert opinion.
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TPM hits $7.59 today and goes ex-dividend on November 18.
Very happy to have ignored the advice of some, with spectacular growth in this company in recent weeks.
Is it time to take profits?
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My step daughter is 23 and works in insurance. Her salary is about $58,000 pa (+ super).
The company use Colonial as their fund of choice. She has just been told that they will increase their rates for life insurance and salary continuation insurance by between 22-25%. This will obviously affect her returns over the next few decades.
I wish to advise her to move funds. Can you please suggest some industry funds?
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I currently hold approximately 36% of my SMSF in International Equities with 3 asset managers (some of which are hedged back to AUD).
All 3 managers investments have performed quite well since I invested in 2009, however as each manager now represents around 12% of my total portfolio, I want to reduce my exposure to each of them. I would be comfortable with an allocation of 8%.
I will most likely allocate the funds returned to a liquid ETF.
If I make a partial withdrawal in each fund I will incur CGT which I am hesitant to take.
I’d be interested in your thoughts on how best to approach this re-weighting.
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I recently read numerous Switzer articles about the upcoming Christmas Rally, including James Dunn’s article from Monday 10 November 2014 about a number of good retail sector shares to consider.
I currently hold shares in Metcash Limited (MTS) and based on expert recommendations from FN Arena (consensus target price $2.76) it would appear to be a good time to sell them and cut my losses (I bought around $3.10/share).
Do you think MTS will benefit from a Christmas Rally as well? Do you think I should hold onto them for a little longer, or sell them?
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