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We have a SMSF and have not done fantastically out of share investing, which is why we joined the Switzer Super Report, after following Peter for a while on his Foxtel business show.
We have now accumulated $200,000 cash to invest and need good dividend paying companies, as we are both over 65 and retired.
I note your preference in the banks for CBA, of which we have 1200, and many more NAB. We would so appreciate your thoughts.
A: Thanks for your question.
Understanding your preference for dividends, I would suggest the major banks, companies like Transurban and Sydney Airport (largely unfranked), ASX, Telstra, AGL, Boral, Wesfarmers etc.
With that said, I prefer a portfolio approach and think you need to have some exposure to most sectors, including materials and energy. Have a look at my income portfolio – see https://switzersuperreport.com.au/advice/model-portfolios/ – which is keeping pace with the market and will yield a touch over 5%, franked to about 90%.
The other option is to consider a broad based LIC that targets dividend growth companies. Consider companies like Milton Corporation (MLT), Argo (ARG) and AFIC (AFI).
