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MisterPants posted:I posted this in a thread of mine but got no responses so I'll try here. Your strategy is fairly similar to mine. I recently borrowed against the equity in my home and bought a bunch of shares, roughly half STW (the ASX200 SPDR) and half MLT (an LIC that doesn't actively follow the index and pays fully franked dividends). I did consider the Vanguard but decided against it due to the higher management fee (MLT's management fee is approx .17%). I also feel more comfortable being able to buy through commsec. I'm only planning to buy shares twice a year, right before the dividend gets paid (lower capital gains tax if I ever sell). I'm in the dividend re-investment plan for STW and will roll my MLT dividend into the cash I save over the 6-month period, using it to buy new units. The plan is when I'm sick of working I'll be able to switch off the dividend reinvestment and instead use the money to pay my bills, allowing me to savour my freedom to do whatever I want. At your age it sounds like you'll be well set up by the time you're in your 30s - and you're building a solid asset base you can use to help buy a house without having to pay mortgage insurance. I'm always keen to talk investing with people, MSN in my profile
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Dec 18, 2008 13:23
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| # ¿ Apr 29, 2024 13:26 |
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