Agree of course an SMSF gets cheaper to run as the size increases due to fixed charges. Also great for family combined accounts and estate planning , LRBA's ,etc.
I did spend four years in a call centre in a large govt department listening to the world of pain that many small SMSF trustees endure .
But for the average retiree an IOOF share platform in pension mode for say < $500k balance , is .5% pa fee (plus $38 per trade !) My fund performed 20% pa for last five years (till Dec 2018 anyway! ) just by buying the dips (eg : BHP @ $15) and trawling through HC,AFR etc. No advisers or outside help.
Best part is zero documentation , CGT free trades and 100% ff dividends .
The famous lament of most retirees is "I paid tax all my life" but this claim is looking a bit lame now that the well advised ones (direct shareholders) are saying "we want the money back".
The ALP did not need to raise a tax issue which is so unpopular . Perhaps there's a "good for the country" view to consider.
Surfs up gotta go.
- Forums
- ASX - By Stock
- BHP
- News: BHP BHP, Rio call for permanent indigenous voice in Australia's parliament
News: BHP BHP, Rio call for permanent indigenous voice in Australia's parliament, page-31
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BHP (ASX) to my watchlist
|
|||||
Last
$40.01 |
Change
0.800(2.04%) |
Mkt cap ! $202.9B |
Open | High | Low | Value | Volume |
$40.07 | $40.25 | $39.67 | $474.9M | 11.69M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15864 | $40.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$40.03 | 1196 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 2538 | 40.000 |
1 | 30 | 39.930 |
2 | 107 | 39.910 |
2 | 1067 | 39.900 |
1 | 25 | 39.890 |
Price($) | Vol. | No. |
---|---|---|
40.040 | 300 | 1 |
40.090 | 1000 | 1 |
40.100 | 10680 | 4 |
40.120 | 950 | 2 |
40.150 | 3922 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |