"...especially to taxpayers with <200k in taxable income."
While as salaries/wages rise over time the percentage will increase, as of 2021, of those required to pay tax, only two per cent earned more than $211385pa. Even if we increase that by 50 per cent to account for those who have sufficient rebates or deductions to avoid paying tax, that is still slightly fewer then one in every 33 of the adult working population.
I lack your detailed knowledge and so am happy to be corrected but your statement implies a fair whack of the 97 per cent of 'lower income earners' may find investment bonds either very satisfactory, or 'not disastrous' in terms of their personal circumstances. But I defer to you.
As for competition, there'll always be some unless GDG becomes similar to a company such as REH or RWC that arguably have a moat or close to it around their operations. That's where good marketing and establishing relationships with financial advisers and others in the subsector comes in I'd suspect.
GDG Price at posting:
$1.38 Sentiment: Hold Disclosure: Held
(20min delay)