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Recent Questions & Answers

Warren Buffet’s views on the insurance industry

Paul Rickard

I have to ask for your view on the below comment in today’s report by Paul Rickard.  How does this square with a certain Warren Buffet’s well publicised affection for this industry?

“Answer (By Paul Rickard): I don’t like insurance as an industry”.


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Global fund recommendations

Paul Rickard

I am wondering whether you would be inclined to invest money in a global fund or buy shares with global exposure? Could you also recommend any global equity funds or shares with global exposure and maybe suggest what percentage of a typical SMSF you would invest in such funds or shares?


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Is AMP a worthwhile investment?

Paul Rickard

I have held AMP as a core investment for some years currently wearing a 42% loss. Each year analysts forecast share value improvement but it simply never materialises. Dividend on my purchase cost is barely adequate. My opinion is that the company is moribund and too steeped in the past and hampered by a sales force in many cases lacking the necessary skills to maintain the respect and confidence (even allowing for the downturn of sales of the once lucrative whole of life insurance) of the market. Am I best advised to gulp and bite the bullet and sell and replace with a company with better prospects?

Many thanks,
Jock


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Tax concessions on rollover to SMSF

Tony Negline

Hi Tony,

Can you answer this one for me? My wife has withdrawn her Super from Colonial, which was an Allocated Pension, as a lump sum and contributed the whole amount into our SMSF, of which she is a Trustee, as a non-concessional contribution, taking into account the three year period. My question is about the tax free (92.48%) and taxable (7.52%) component. Can this be contributed as 100% tax free? I hope I have explained this enough.

Regards,

Neville


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