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Hi Steve, A bit of constructive criticism from one of your most ardent proofreaders… :D All the stuff below is about Post-Retirement. I have absolutely no issues with the Pre-Retirement stuff - I did it & it worked for me & if I was a financial advisor I'd recommend it:). Chapter 4...

Hi Corsa, That's a polite way of describing me. See my R&R activities posted earlier (canyoning, rock climbing etc) for a glimpse at my attitude towards risk - even more of a paradox!. I accept people may or may not wish to do so. I don't accept that people should not be fully aware of the risks...

Thommo, So do I, but I'm desperately trying to lose any perception that I'm a D&Ger ;). Actuaries tell me I've probably got 45+ yrs of retirement to look forward to. Statisticians tell that there's a greater than negligible risk that some time during that period some left field event is...

Hi Simon, I've been feeling the same way:). The risk is that Oz will have a downturn, just because IP has grown in the past doesn't mean it will continue to do so. EG - Japan had a boom in the 80's yrs followed by 20 yrs of 0% growth. There is a risk (however small) that Oz had a boom in...

Hi Patosan, The problem is the high volatility & the low yield & potentially zero growth for prolonged periods that both Steve & I employ strategies to attempt to avoid. Cheers, Keith

Hi Steve, No not joking. See the v. first post in this thread for my views. Duncan won't be going back to work aged 70 - he's had a sleepless nights or two, but he's to much of a forward planner to use solely LOE. I too believe living solely of equity growth is risky. I'd guess no...

[/b]Steve, I disgree - I am not giving up all future capital growth. I combining a low risk strategy with a high risk strategy. I am receiving a guaranteed base pension (abet at a consequently relatively low rate of return). But I still have IP & shares, which have higher risk & also growth...

Hi Thommo, I've posted here recently about my 2 phased retirement plan - maybe I should consider a 3 phased plan - with phase III being 100% bonds/0% IP/0% shares. My portfolio still has IPs in it - for growth & +ve c/f. I'm all for a LOE approach combined with a guaranteed base income...

[/i] Hi Steve, Sorry, I though your response above was implying your structure is 100% guaranteed. What did you mean :confused:? That's part of what I'm getting at. If you ask 99% of financial advisors if they can offer a guaranteed retirement structure - they wil say YES 100% guaranteed...

Steve, You misunderstand - I'm not talking about your chapters - I'm talking about my 5 step summary of your voluminous 3 chapters. See below So to summarise your 3 chapters so far - buy IPs, & watch them grow - I agree draw down equity to buy more, watch them grow - I agree when...

Hi Steve, Sorry to keep questioning you - I hope no-one perceives it as attacking.... Are you saying the structure you are recommending is 100% guaranteed to be self supporting ? And 100% guaranteed to provide consistant 13% dividends & distributions plus Capital Growth and a capital...

Steve, I glad you've finally come around to our way of thinking about what living off equity actually is:p and isn't. I'm not sure if you read the whole thread or even the initial post where I suggested Duncan and other I'm sure understood this way back on the first page in this post. So...

Unless you have an extremely broad definition of Living Off Equity ie Investing = LOE, then I would say that you are merely leveraging to provide more growth, which is something we all do already. No - that's living off INCOME, living off Equity is as described in post 1 of this thread. [/b]Oh...

[/size][/b][/i] [/b][/i] Hi qaz, The definition I believe is commonplace in this forum is as I stated above 'Living off equity is a way of drawing down cash to live on against previous growth (if any)'. It's also what I described in the initial post of this thread - with no disagreements...

Oh no it isn’t I know I ain't gonna be popular:eek:, but........ ......oh no it isn’t. Living off equity is a way of drawing down cash to live on against previous growth (if any). [/b] What you have described is getting income to live off from a share fund that consistently returns 13%...

Patience GG, patience. You only have to wait till after the rugby for chapter 2. I have to wait till chapter 5!:) Cheers, KJ

Hi Corsa, Just got back from making the kids tea. I'm sorry if the post you mentioned came across badly (as a s/w engineer I can relate to quolls post):o. I was trying to get across to Steve that I could conceive a scenario where the post retirement phase could be completely decoupled...

Hi Steve, The point I was trying to make was - does the final post retirement phase rely on the pre-retirement phases. Are you confirming that it does or doesn't ?:confused: I dont' want to appear to be aggressively anti-LOE (as I said in the v. first post - it's a great concept). I want to...

Hi Sim, I have retired, but I don't currently live off equity. I fully expect the risks & concerns I have are things that Steve would be happy to talk to everyone about, not just me personally. I was hoping this thread would not digress into a Complete Navra Strategy thread, but stick to...

Hi Steve, The reason I am interested in answers to all these questions is because I have got to a point where I have $xM nett assets (as have many here) and feel I have enough to be able to retire. I would have expected to be able to come to you as a client and say - "I have $xM IPs, $yM...