Shellies,
Your dedication and faith in LOM will be justly rewarded one day.
The fact that your SMSF share portfolio is 90% LOM say a lot.
My share portfolio investments percentages for LOM / LOMOA are as follows:
- SMSF = 100%;
- Family Trust = 100%;
- Personal = 89.28%
Traditional Financial Planning / Investing concepts would indicate that the above is an incorrect / risky approach to investing ... is not recommended and should not be done. All I can say to that is that my Portfolio is probably looking much better that most of the so called experts / financial planners.
The ATO may also not be favourable to having 100% of SMSF invested in LOM (although risk is based on one's "perception", which varies from person to person)... and I'm sure ATO will not be too fussed or complaining when I start paying the income tax on my gains (too young to be in pension phase yet).
Good luck and enjoy.
GLTAH
zippy1 (another dedicated and faithful long haul Lommer)
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