IVV or VGS, plus the power of offset accounts & government bonds
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- Опубликовано: 5 сен 2024
- What's happened in the world of money over the past month?
Catch up with the world of finance in Owen's December 2023 market update, covering major market moves, bonds & the power of offset accounts.
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The thing a lot of people dont appreciate is that your savings aren't taxed. So that money you're saving on interest with your offset account is 100% tax free, and 100% risk free. It's hard to take that offset amount and get a better return in this higher rate interest environment, post CGT.
Amen friend. Check this out:
www.raskmedia.com.au/guides/pay-off-mortgage-or-invest-shares/
Go the offset. If your saving money and there is a friend or family member you can trust with an offset, you could deposit your funds into their offset and split the interest saved by the bank. i.e. Loan rate of 6.25%. High interest account 4.75%. Person with the offset pays 5.5% to the depositor. Win WIn.
Also the person with the money presumably doesn't have to pay tax on the income earned.
@@bpw8139 You would need to declare the interest earnt on your tax return.
Straightforward and clear, thanks guys.
Great coverage, thank you Owen and Kate.
Love these updates. Keep going!
Don't forget the currency rate. Investing into ivv/vgs at an exchange rate of 66 cents for your AUD.
No, you can invest in the ASX.
Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank as subscriber 1:04
Don't yet it, there is a Inverted Yield Curve, everyone is expecting a drop in interest rate.
Is it too late to get onto IVV until the next correction? Steep rise this year and near year high levels. What goes up must come down?
I feel the same way. Feel like I missed the boat this time… However if what Owen is saying is true, if the index is trading at 16 P/E then it would be fair value now according to history?
But it barely pays a dividend, so you are really speculating on the share price.
It is never late
Time in the market beats timing the market.
Just keep DCA
Never too late to get on board, but don't fall into the trap of trying to time the next "dip", most investors will end up getting in wrong. Instead consistently invest a set amount when you can, e.g. every month. It's the dollar cost averaging approach, you might end up buying on up-days and down-days, but over the long term your investment will follow the overall trend, which over 15-20 years is going to be a great result. There are a staggeringly small number of days per year when a stock or etf will earn the bulk of annual returns, so the best way to catch them is to make sure you're invested all the time. If trying to "time the market" was easy, we'd all be millionaires.
I would like to see a LIC alternative to the IVV or NDQ ETFs. An LIC that holds IVV.NYS or QQQ.NAS and reinvests all dividends inside the LIC instead of paying out the dividends.
MFF would be the one you are looking for.
The fee structure is a bit elusive though, found it difficult to calculate.