Author Topic: Australian Investing Thread  (Read 1550309 times)

Alchemisst

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Re: Australian Investing Thread
« Reply #4550 on: June 23, 2019, 08:42:06 PM »
Indexing seems so much easier for Americans haha

Eh I don't really agree.
They have the 3 fund portfolio - bonds, US equities, ex-US equities
We can have the 3 fund portfolio - bonds, global equities, global equities AUD-hedged

You can swap out some AUD-hedged for VAS to get some franking credits (although much of the franking credits are priced in now), so a 4 fund portfolio instead of a 3 fund portfolio. I don't see why it needs to be any more complicated.

What about VTS? VTS has much lower expense ratio, also most bogleheads seem to own VTS rather than global. Also what's the reason for owning hedged and ingested? Wouldn't you go with one or the other?

Andy R

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Re: Australian Investing Thread
« Reply #4551 on: June 24, 2019, 12:20:56 AM »
What about VTS? VTS has much lower expense ratio, also most bogleheads seem to own VTS rather than global.

Bogleheads use VTS because they are American, so overweighting US shares is their way of lower currency risk. It doesn't make sense for us to separate into US & ex-US.

Also what's the reason for owning hedged and ingested? Wouldn't you go with one or the other?

I think I mentioned that earlier.
AUD based assets help for when the AUD rises over long periods.
ex-AUD assets help for when the AUD lowers over long periods.

Alchemisst

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Re: Australian Investing Thread
« Reply #4552 on: June 24, 2019, 03:15:37 AM »
Indexing seems so much easier for Americans haha

Eh I don't really agree.
They have the 3 fund portfolio - bonds, US equities, ex-US equities
We can have the 3 fund portfolio - bonds, global equities, global equities AUD-hedged

You can swap out some AUD-hedged for VAS to get some franking credits (although much of the franking credits are priced in now), so a 4 fund portfolio instead of a 3 fund portfolio. I don't see why it needs to be any more complicated.

What about VTS? VTS has much lower expense ratio, also most bogleheads seem to own VTS rather than global. Also what's the reason for owning hedged and unhedged? Wouldn't you go with one or the other?

Sorry that was a typo I meant to say why have both hedged and unhedged
« Last Edit: June 24, 2019, 03:17:44 AM by Alchemisst »

Trevor Reznik

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Re: Australian Investing Thread
« Reply #4553 on: June 24, 2019, 04:23:42 AM »
The AU$ generally ranges between 60c and $1 US.  Outside of that is serious outlier moments.  So I'd surmise that outside of that range ie/ under 60c it would be a good time to at least stop buying VGS and start buying VGAD, or for the brave sell some VGS and buy VGAD. 

It also trends hard within the range. 

Between Dec 96 and March 2001 it went from roughly 81c to 48c.
Then it trended all the way to July 2008 at 98c
GFC hit and plummeted to 60c by Oct 2008 where it found support
Ran back up hard July 2011 $1.10!
Sep 2015 hit 70c and we've been between 70-80c ever since.

I do like how when the GFC hit the AU$ plumetted along with the stocks, the flight to safety (US$) in times of panic is a huge bonus for us Australians investing in US$.

Sorry just random thoughts haha




Richmond 2020

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Re: Australian Investing Thread
« Reply #4554 on: June 24, 2019, 08:17:40 PM »
I notice that Vanguard are reducing/slashing their fees again. VAS down from .14% to .10%

Competition pushing the fees down for ETFs across the board.
« Last Edit: June 24, 2019, 08:30:45 PM by Richmond 2020 »

Andy R

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Re: Australian Investing Thread
« Reply #4555 on: June 24, 2019, 10:04:32 PM »
I notice that Vanguard are reducing/slashing their fees again. VAS down from .14% to .10%

I wonder if they are taking less profit from it or if they negotiated with S&P.

It would be great if they'd do outside the US what they did in the US and abandon MSCI/S&P and go with FTSE/CRSP instead. The investment will be the same, but the fees would drop like a stone, and it would serve MSCI/S&P right for being such greedy bastards.

marty998

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Re: Australian Investing Thread
« Reply #4556 on: June 25, 2019, 05:30:59 AM »
I notice that Vanguard are reducing/slashing their fees again. VAS down from .14% to .10%

I wonder if they are taking less profit from it or if they negotiated with S&P.

It would be great if they'd do outside the US what they did in the US and abandon MSCI/S&P and go with FTSE/CRSP instead. The investment will be the same, but the fees would drop like a stone, and it would serve MSCI/S&P right for being such greedy bastards.

Interesting question. I see firsthand how much the market data providers are "extracting" from the industry (and hence our investments), it's quite an extraordinary number from Moodys, S&P, Bloomberg, and those are just the well known ones.

Nonethless a drop in fees is always welcome :)

Alchemisst

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Re: Australian Investing Thread
« Reply #4557 on: June 26, 2019, 07:50:46 PM »
What about IWLD vs. VGS? IWLD expense is .09% vs .18% for VGS..

mjr

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Re: Australian Investing Thread
« Reply #4558 on: June 28, 2019, 02:06:23 AM »
Vanguard estimated dividends announced.

How about that VAP dividend ?  $2.52, 2.72%. Anyone know why it's so high ?  I assume there's some capital repaid in that.

hm520

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Re: Australian Investing Thread
« Reply #4559 on: June 28, 2019, 04:48:38 PM »
Happy new (financial) year - well almost. 19/20 should be good for me - I'll only have $5k left on HECS at the most after 18/19 so it will be paid off and there'll be a nice tax return bump.

marty998

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Re: Australian Investing Thread
« Reply #4560 on: June 29, 2019, 06:13:03 AM »
Vanguard estimated dividends announced.

How about that VAP dividend ?  $2.52, 2.72%. Anyone know why it's so high ?  I assume there's some capital repaid in that.

Top 10 stocks are 85% of the fund. I guess somewhere in those there must be a big corporate action that has triggered it. Final announcement will be on Monday, it may/may not get revised so we'll see.

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marty998

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Re: Australian Investing Thread
« Reply #4561 on: July 21, 2019, 06:06:43 PM »
Vanguard tax statements are out (got mine for VAS today).

Never seen this before but I've given a $552 AMIT upwards cost base adjustment! Nice little bonus there.

Gremlin

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Re: Australian Investing Thread
« Reply #4562 on: July 22, 2019, 08:00:38 PM »
Vanguard tax statements are out (got mine for VAS today).

Never seen this before but I've given a $552 AMIT upwards cost base adjustment! Nice little bonus there.

Yes.  I got that too!  Not quite sure how I deal with it on my tax return, but I'm sure I'll work it out.  It's a nice problem to have...

Notch

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Re: Australian Investing Thread
« Reply #4563 on: July 22, 2019, 08:50:44 PM »
Vanguard tax statements are out (got mine for VAS today).

Never seen this before but I've given a $552 AMIT upwards cost base adjustment! Nice little bonus there.

Yes.  I got that too!  Not quite sure how I deal with it on my tax return, but I'm sure I'll work it out.  It's a nice problem to have...

I don't understand the excitement.  As I understand it, the adjustment to your cost base is to compensate for that fact you are going to be taxed this year on a capital gain in the fund that you did not receive a cash distribution for.
« Last Edit: July 22, 2019, 08:52:27 PM by Notch »

marty998

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Re: Australian Investing Thread
« Reply #4564 on: July 23, 2019, 03:31:02 PM »
Vanguard tax statements are out (got mine for VAS today).

Never seen this before but I've given a $552 AMIT upwards cost base adjustment! Nice little bonus there.

Yes.  I got that too!  Not quite sure how I deal with it on my tax return, but I'm sure I'll work it out.  It's a nice problem to have...

I don't understand the excitement.  As I understand it, the adjustment to your cost base is to compensate for that fact you are going to be taxed this year on a capital gain in the fund that you did not receive a cash distribution for.

Oh? Is that how it works? Boo. I should read up on this. Thank you for correcting me there.

Well, since I'm still eating into a pile of PY capital losses, I'm not actually paying tax on those non-cash distributed gains. So it's not a total loss.

marty998

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Re: Australian Investing Thread
« Reply #4565 on: July 30, 2019, 02:16:30 AM »
I am getting the heebee jeebies about this market. Since the start of the year Telstra is up over 40%. CSL 33%, BHP 36% and even Woolies is up over 25%.

Seems very very frothy and there's no real sign of it slowing down.

Perhaps earnings season will be the reality check next week when results start getting released.

Until then, enjoy the bubbly gains!

bigchrisb

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Re: Australian Investing Thread
« Reply #4566 on: July 30, 2019, 04:40:12 AM »
I'm in the same boat.  Have gone quiet on the purchases, and indeed actually sold down a holding.  The holding I sold was BKI, which I have been unimpressed by - too many games by the manager including externalization of management and dilutive capital raising.  Never the less, as it got close to its NTA, I've offloaded.  Put a little into VGS, but most of it is sitting in cash.  That said, that was a $50k transaction on a roughly $3m equity portfolio, so I'm hardly switching to cash!

In the main I'll be letting things ride, letting DRPs do their job of automating re-investment.   The gains this year have been strong, but its off a pretty hard decline late last year - I put about $100k into the markets then.  When you look at it over a longer term, or in terms of valuation metrics (PE, yield etc), its pricier than it was, but not crazy expensive by historical norms.

marty998

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Re: Australian Investing Thread
« Reply #4567 on: August 04, 2019, 10:35:15 PM »
I'm in the same boat.  Have gone quiet on the purchases, and indeed actually sold down a holding.  The holding I sold was BKI, which I have been unimpressed by - too many games by the manager including externalization of management and dilutive capital raising.  Never the less, as it got close to its NTA, I've offloaded.  Put a little into VGS, but most of it is sitting in cash.  That said, that was a $50k transaction on a roughly $3m equity portfolio, so I'm hardly switching to cash!

In the main I'll be letting things ride, letting DRPs do their job of automating re-investment.   The gains this year have been strong, but its off a pretty hard decline late last year - I put about $100k into the markets then.  When you look at it over a longer term, or in terms of valuation metrics (PE, yield etc), its pricier than it was, but not crazy expensive by historical norms.

Raising my eyebrows at the falls the past week, including the 1.5% today. Have cash on the sidelines waiting to go, just need to determine an entry point (probably if VAS goes down to around $80).

mjr

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Re: Australian Investing Thread
« Reply #4568 on: August 05, 2019, 12:11:10 AM »
Yep, I have a few hundred k from matured term deposits that will go in when this current dip turns the corner.

Richmond 2020

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Re: Australian Investing Thread
« Reply #4569 on: August 05, 2019, 07:58:06 PM »
I finally got around to selling and closing my high fee paying Managed fund and my individual stock holdings in early July. I have used a portion of the proceeds to finalise paying off my home loan, I have paid off and closed my margin loan, and put a large chunk back into Vanguard indexed funds.

Thanks to everyone who has contributed to this tread over the years as it has helped me to simplify and improve my investments greatly.

I also have some more funds I can deploy if the markets drop far enough.

Thanks.
« Last Edit: August 09, 2019, 03:20:42 AM by Richmond 2020 »

Ozlady

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Re: Australian Investing Thread
« Reply #4570 on: August 05, 2019, 10:06:52 PM »
Yep, I have a few hundred k from matured term deposits that will go in when this current dip turns the corner.

Me too:)  Too cash heavy atm:(

Had a small nibble this morning; bought VAS for one of my kids...nothing big though...

Figured his investing horizon is MUCH longer than mine...makes it easier to pull the trigger..also got in at 6% yield (incl FC) ...

But with Trump and his histrionics , wouldn't be surprised at more buying opportunities to come:)

mjr

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Re: Australian Investing Thread
« Reply #4571 on: August 05, 2019, 11:17:38 PM »
But with Trump and his histrionics , wouldn't be surprised at more buying opportunities to come:)

Can we please keep the Australian Investing thread free from the Trump Derangement Syndrome that pollutes most of this forum ?

I placed 6 figure buy orders today, but it looks like Westpac Online Trading collapsed under the strain.  Someone's going to lose their job over this.

marty998

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Re: Australian Investing Thread
« Reply #4572 on: August 06, 2019, 02:55:27 AM »
But with Trump and his histrionics , wouldn't be surprised at more buying opportunities to come:)

Can we please keep the Australian Investing thread free from the Trump Derangement Syndrome that pollutes most of this forum ?

I placed 6 figure buy orders today, but it looks like Westpac Online Trading collapsed under the strain.  Someone's going to lose their job over this.

I actually support Trump in what he is trying to do here. For various reasons that I am afraid to detail here for want of being locked up in a Chinese gulag.

Also bought some today, $25k of VAS. Managed to almost hit the low of the day ($81.58 buy price vs $81.52 low). Felt quite good about that little piece of market timing.

CBA 2019 results gets released tomorrow. In the absence of any further conniptions on Wall Street tonight, it will be a pointer to how the market will go on open.

mjr

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Re: Australian Investing Thread
« Reply #4573 on: August 07, 2019, 03:18:29 PM »
Vanguard pre-fills are in

chevy1956

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Re: Australian Investing Thread
« Reply #4574 on: August 07, 2019, 07:11:44 PM »
Vanguard pre-fills are in

Thanks for that.

Julard

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Re: Australian Investing Thread
« Reply #4575 on: August 11, 2019, 01:35:30 AM »
My VGE and VAS have prefilled, but VGS isn't there - anyone else?

chevy1956

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Re: Australian Investing Thread
« Reply #4576 on: August 12, 2019, 01:53:22 AM »
My VGE and VAS have prefilled, but VGS isn't there - anyone else?

It was there for me.

MrThatsDifferent

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Re: Australian Investing Thread
« Reply #4577 on: August 13, 2019, 04:30:14 AM »
But with Trump and his histrionics , wouldn't be surprised at more buying opportunities to come:)

Can we please keep the Australian Investing thread free from the Trump Derangement Syndrome that pollutes most of this forum ?

I placed 6 figure buy orders today, but it looks like Westpac Online Trading collapsed under the strain.  Someone's going to lose their job over this.

I actually support Trump in what he is trying to do here. For various reasons that I am afraid to detail here for want of being locked up in a Chinese gulag.

Also bought some today, $25k of VAS. Managed to almost hit the low of the day ($81.58 buy price vs $81.52 low). Felt quite good about that little piece of market timing.

CBA 2019 results gets released tomorrow. In the absence of any further conniptions on Wall Street tonight, it will be a pointer to how the market will go on open.

Et tu, Marty?

Richmond 2020

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Re: Australian Investing Thread
« Reply #4578 on: August 15, 2019, 10:10:38 PM »
But with Trump and his histrionics , wouldn't be surprised at more buying opportunities to come:)

Can we please keep the Australian Investing thread free from the Trump Derangement Syndrome that pollutes most of this forum ?

I placed 6 figure buy orders today, but it looks like Westpac Online Trading collapsed under the strain.  Someone's going to lose their job over this.

I actually support Trump in what he is trying to do here. For various reasons that I am afraid to detail here for want of being locked up in a Chinese gulag.

Also bought some today, $25k of VAS. Managed to almost hit the low of the day ($81.58 buy price vs $81.52 low). Felt quite good about that little piece of market timing.

CBA 2019 results gets released tomorrow. In the absence of any further conniptions on Wall Street tonight, it will be a pointer to how the market will go on open.

Got myself $10k of VAS as well @ $81.20.

marty998

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Re: Australian Investing Thread
« Reply #4579 on: August 16, 2019, 03:18:13 AM »
But with Trump and his histrionics , wouldn't be surprised at more buying opportunities to come:)

Can we please keep the Australian Investing thread free from the Trump Derangement Syndrome that pollutes most of this forum ?

I placed 6 figure buy orders today, but it looks like Westpac Online Trading collapsed under the strain.  Someone's going to lose their job over this.

I actually support Trump in what he is trying to do here. For various reasons that I am afraid to detail here for want of being locked up in a Chinese gulag.

Also bought some today, $25k of VAS. Managed to almost hit the low of the day ($81.58 buy price vs $81.52 low). Felt quite good about that little piece of market timing.

CBA 2019 results gets released tomorrow. In the absence of any further conniptions on Wall Street tonight, it will be a pointer to how the market will go on open.

Et tu, Marty?

I presume that comment is about my comment on Trump.....

Someone needs to stand up to the autocratic regime and the market / trade abuses being perpetuated. I don't like Trump but the appeasement of the last 10 years has most certainly not worked.

Playing nice to China means that end up owning your economic ass. Or at the very least, the Port of Darwin as we've come to find out.

superannuationfreak

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Re: Australian Investing Thread
« Reply #4580 on: August 17, 2019, 09:40:34 PM »
Preparing for a crash...Family Trust?
Bitcoin, Gold, Bullets and Canned Food?

Kidding, I'm not actually changing my asset allocation (which is probably on the conservative side here, and does include somewhat more cash than it did two years ago).

What I was actually thinking about was tax-related opportunities if global shares do fall more than 25% (in AUD-terms, so would probably need to be more in local currency terms since the AUD tends to crash concurrently).

Currently my wife and I have similar amounts of international equities in each name, and some cash that is mostly in the lower-earning spouse's name (today, and probably for the next decade, my wife).  If shares fall we can use at as an opportunity to move more assets into my wife's name.  I was wondering if we should instead consider a family trust and at what level of financial assets people here have found it beneficial from a tax perspective?

Superficially it sounds good.  Investment income can be streamed to my wife for the next decade or so (all going well) and then split with me if I cut back/RE after FI.  When my son is 18 some of the income can accrue to him also.

However in practice I'm not sure it's worth the expense or legislative risks (e.g. minimum tax rate proposed at last election).  My son will hit 18 after we reach preservation age so I would guess, to the extent that we are allowed to, we will be better-off shifting assets into Super to the extent possible closer to the time.  We're not early-retirement-extreme but I'm also not planning to hit the 2x $1.6m pension cap.

There's also asset protection which I don't think is an issue today.  If I ever became a director on a board I guess it would be prudent but I think getting on good boards will be challenging as the super industry consolidates, so I don't think I can expect that.  Plus our house is in joint names so a trust is probably not much protection.

Appreciate any thoughts from those who've considered it or done it themselves.

Alchemisst

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Re: Australian Investing Thread
« Reply #4581 on: September 26, 2019, 06:50:16 PM »
Are there any reasons to not just buy the U.S versions e.g VTSAX and BND for example? Since the expense ratios are much lower BND for example is .035% vs .20% for the Australian version which is a big difference

mjr

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Re: Australian Investing Thread
« Reply #4582 on: September 26, 2019, 07:35:35 PM »
The equities and bond markets of the US are very different to those of Australia.  Size and characteristics of the component companies.  Currencies are different.  Regulatory environments are different.

You need to have defined what international exposure and asset classes you want and then look for products accordingly.   Going off just MERs is a bit narrow and simplistic.

Alchemisst

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Re: Australian Investing Thread
« Reply #4583 on: September 27, 2019, 03:31:31 AM »
That's true but if it's good enough for 99% of bogleheads it's probably good enough for us..? The U.S market is probably better and more diverse than the Australian market as well.

deborah

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Re: Australian Investing Thread
« Reply #4584 on: September 27, 2019, 03:35:52 AM »
If we’re not in the US, we’re not subject to their currency fluctuations, inflation rates, CPI changes... As a result, using their investments exclusively exposes us to more risk than they are exposed to.

Andy R

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Re: Australian Investing Thread
« Reply #4585 on: September 27, 2019, 04:35:46 AM »

superannuationfreak

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Re: Australian Investing Thread
« Reply #4586 on: September 27, 2019, 07:40:41 PM »
Why not just invest everything in the US market?

Nice link, thanks.  I agree.

That said, if you're talking about marginal investments outside Super (and your Super is still much larger than these investments) then just chucking your money in IVV likely won't do any harm.

But holding the US BND doesn't make much sense to me if you're an AUD investor, since the currency fluctuations will dominate the returns of the investment.  Outside Super I just don't think there's any point holding a small amount of bonds; I'd rather (and do) hold cash in an online savings account given the yield to maturity of most high quality Australian bond funds is ~1% p.a. before fees where uBank or ING pay over 2% p.a.  Inside Super the return difference is usually much smaller (Cash is the one place retail rules over wholesale, due to bank regulation) and often the fees are lower, so if I hold bonds for potential downside protection I'll do it in Super.

Also, apologies if I killed the conversation with my crash/family trust post earlier.  I'm not predicting a crash.  For anyone wanting closure, thinking it through further and browsing through bigchrisb's threads convinced me that there isn't a compelling reason for me to use a family trust unless I'm looking at >$1m in financial assets (outside of cash and Super), or have a strong need for asset protection, and so I'd expect any case for it in my situation would be borderline at best.  Hopefully the rules will still allow me to push materially more money into Super as I get closer to being able to access it.
« Last Edit: September 27, 2019, 07:45:03 PM by superannuationfreak »

Alchemisst

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Re: Australian Investing Thread
« Reply #4587 on: September 29, 2019, 02:10:44 AM »
The difference is small now, but the long term returns of bonds is around 7=8% looking at the vanguard index chart

superannuationfreak

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Re: Australian Investing Thread
« Reply #4588 on: September 29, 2019, 04:36:25 AM »
The difference is small now, but the long term returns of bonds is around 7=8% looking at the vanguard index chart

Please read up on how bonds work. If rates drop to zero you might get one year of 7-8%. If rates don't keep dropping you'll get roughly the yield to maturity (or losses if rates rise). They may still be useful for their zero or negative correlation with equities (if that persists) but expecting more than 1 or 2% p.a. from high grade bonds over the next decade on a standalone basis is a recipe for disappointment.
« Last Edit: September 29, 2019, 04:58:21 AM by superannuationfreak »

Alchemisst

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Re: Australian Investing Thread
« Reply #4589 on: September 29, 2019, 06:24:27 PM »
That's a prediction, I guess nobody really knows but the returns for the past 30 years have been 7-8%. You're predicting bonds will have their worst decade yet.

https://www.vanguardinvestments.com.au/adviser/adv/v/index-chart-2019.jsp

Andy R

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Re: Australian Investing Thread
« Reply #4590 on: September 29, 2019, 10:12:07 PM »
That's a prediction, I guess nobody really knows but the returns for the past 30 years have been 7-8%. You're predicting bonds will have their worst decade yet.

https://www.vanguardinvestments.com.au/adviser/adv/v/index-chart-2019.jsp

I did not read the comment as saying this decade will be the worst yet, but that the return from 4 decades of interest rates coming down from 17% to 1% can not be repeated unless interest rates can continue down from 1% to negative 16% over the coming decades.

People have been saying it will turn around for close to a decade now and it has just continued even in prosperous times, and in parts of Europe there are negative interest rates, so it could be years before it turns around.

But the point is that you can not assume the historical returns from the last 40 years to be a long term indicator going forwards.

However, just because bonds have a lower expected return than equities doesn't mean they have no value. Equities mitigate the risk of not returning enough money, bonds mitigate the risk of depleting your equities in a sustained market decline/recover. They both have an important use.

bigchrisb

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Re: Australian Investing Thread
« Reply #4591 on: September 30, 2019, 02:00:56 AM »
Why not just invest everything in the US market?

For anyone wanting closure, thinking it through further and browsing through bigchrisb's threads convinced me that there isn't a compelling reason for me to use a family trust unless I'm looking at >$1m in financial assets (outside of cash and Super), or have a strong need for asset protection, and so I'd expect any case for it in my situation would be borderline at best.  Hopefully the rules will still allow me to push materially more money into Super as I get closer to being able to access it.


Sounds reasonable to me.  I found the trust highly beneficial when working for a business I owned and in the accumulation stage.  However, when I did a trial draw-down for 18 months, the benefits were marginal, for a lot of extra complexity.  The CGT issues means that the money was pretty much stuck in those structures (approx. $500k in a company and $800k in a trust).   I have since started working/ running a business again, and it's beneficial again at the moment.

Based on my experience, unless you are needing the asset protection, or are intending on accumulating a long way beyond a typical stash size, a company and trust probably isn't worth the effort.  The challenge is that you may not know about your future needs ahead of time.  I have more shares outside the trust than I would like that I accumulated before starting the trust.  The CGT liability on these is large enough that I am unlikely to sell them to move them in.

I've accumulated beyond what I need for foreseeable FI, so I'm now focussed on getting money into my smsf rather than the trust.  In terms of net worth, I'm about 1/3 in my own name, 1/3 in the company/trust and 1/3 in super.
 

marty998

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Re: Australian Investing Thread
« Reply #4592 on: October 02, 2019, 03:43:37 AM »
This quarter's vanguard (VAS) ETF dividend of $1.07 is enough to actually fund my expenses for a quarter. First time I've crossed that little achievement :D

deborah

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Re: Australian Investing Thread
« Reply #4593 on: October 02, 2019, 03:48:39 AM »
This quarter's vanguard (VAS) ETF dividend of $1.07 is enough to actually fund my expenses for a quarter. First time I've crossed that little achievement :D
Great going Marty!!!

marty998

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Re: Australian Investing Thread
« Reply #4594 on: October 02, 2019, 03:56:55 AM »
This quarter's vanguard (VAS) ETF dividend of $1.07 is enough to actually fund my expenses for a quarter. First time I've crossed that little achievement :D
Great going Marty!!!

Thankyou. Funny though, never see the cash because it all gets reinvested. So I don't actually feel like any progress is being made!

mspym

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Re: Australian Investing Thread
« Reply #4595 on: October 02, 2019, 05:15:40 AM »
Woo hoo Marty!

Little Aussie Battler

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Re: Australian Investing Thread
« Reply #4596 on: October 02, 2019, 05:22:33 AM »
This quarter's vanguard (VAS) ETF dividend of $1.07 is enough to actually fund my expenses for a quarter. First time I've crossed that little achievement :D
Lean fire?

deborah

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Re: Australian Investing Thread
« Reply #4597 on: October 02, 2019, 10:17:49 AM »
This quarter's vanguard (VAS) ETF dividend of $1.07 is enough to actually fund my expenses for a quarter. First time I've crossed that little achievement :D
Great going Marty!!!

bigchrisb

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Re: Australian Investing Thread
« Reply #4598 on: October 02, 2019, 02:03:17 PM »
Nice milestone Marty! Your earned income is fully optional this quarter!

marty998

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Re: Australian Investing Thread
« Reply #4599 on: October 02, 2019, 03:50:59 PM »
Woo hoo Marty!

This quarter's vanguard (VAS) ETF dividend of $1.07 is enough to actually fund my expenses for a quarter. First time I've crossed that little achievement :D
Lean fire?

No. I have no interest in living off ~$20k a year for the rest of my life haha. I don't think that's an entirely sane choice. But if I lose my job tomorrow I could probably squeeze 20 years out of the dividends topped up with a little bit of capital selling.

Nice milestone Marty! Your earned income is fully optional this quarter!

Funny that last Friday I just qualified for long service leave at my work.

If ever I decide to leave I could take an entire quarter off and still get paid for it :D