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That's an old article, I don't give it too much credit now, he only looked at one 5 year period I think. As for why LICs vs. index funds, I've posted about this a few times in the past, I tried a search but couldn't find the post... But basically because they can be low-cost (cheaper than...

Not watching the share price or paying much attention to the exact dividend amounts coming in redwing. I'm 32 y/o now and these shares (along with large cap/well yielding shares) are part of a long-term portfolio and a core part of my SMSF strategy (so 30+ years away for me). It's a passive...

Nope. Since this thread I converted to an LIC-based share portfolio, but still think index funds/ETFs have their place.

Thanks for the link, some of the resources that I have read in the past were targeted to the older group, so I think that's why I was using the 55 age, but I am duly corrected, it appears that I should act my age! This is referring to transition to retirement of course...

Thanks for the article Player. Whilst I can see some merit perhaps in allocating a non-core part of your portfolio to an active strategy, it's not something that resonates with me in general and doesn't fit within my defined objectives I outlined earlier. I also feel that the timing...

I have to agree with this, well said.

dtraeger2k and Steve, I appreciate your points re. access to super, but this is ultimately a personal decision and depends on a number of variables particular to the individual. I believe the strategy is equally appropriate though using a DT outside super. I’m not inclined to use...

Steve, I am 30 now, so another 25 years will take me to 55, where (based on the current rules), I can access some of my SMSF $. It's not that far off!... and what if I live till 90?! This is my personal preference only, if you want access to the money earlier though, invest the money...

Thanks, that makes sense now.

It's never easy, but certain asset classes, strategies and approaches are more likely to lead to success for more people when used appropriately, than others. eg. shares are probably better than Ostrich farms, for most people. Ultimately though, you need to do what suits you, your individual...

Probably yes, because there are more variables involved that you can control. Whereas, with shares, you have very little control. But, as you may have read, I'm just about to start piling into stocks! :eek:

You make some great points, picking the asset class is one thing, and then using it in an appropriate and effective manner, tailored to an objective, is another.

Agree entirely. Business, own business CIP, PPOR - all potentially CGT free. Some other property, and shares for retirement. Simple really.

IV, I'm just curious... then why do you actively invest in shares? Has your personal share portfolio outperformed the market? I don't understand... I thought you just said that it was nearly impossible for ANYONE to consistently outperform the market in the medium to long run?

Then you missed the point of the book, as I don't believe it was intended to discuss those details. It was discussing asset selection and retirement income streams, in the context of peoples usual perceptions about the various asset classes, eg. residential property, LPT's, term deposits...

You should read the book PB, would be interested in your thoughts on it. I would disagree with this. I think for the most part that it is very hard to outperform the index in the long-term, regardless of what strategy you use. And making ''good returns'' depends on what your primary...

Haven't decided yet, but from what I've read in the past there's no evidence that there will necessarily be any difference whether you do it monthly or 6 monthly etc.?

I think I will do the same, but with my ''limited sphere'' in shares. That's why an SMSF is well suited to share investing for me, as I won't be able to access the $ for at least 25+ years! I'm glad that the statistics support the theory behind this approach.

Simon, cheers, it was your post actually that prompted me to get the book!

Thanks for the replies. Just a note, the strategies/ideas in this book are nothing new of course, but what I liked about the book was just the way the information was presented as it helped me look at shares from a slightly different perspective, and better see its application to my own...