Hi Rofft, i like your approach. I like government bonds over ETF's because a government bond is a contract, where providing you stick to the rules and the duration you cannot lose money. The ETF is basically gambling on the direction of interest rates. The sharp end of the stick is if interest rates continue to rise, if you hold a 4% bond and interest rates rise to 7% than you are technically losing money (but only in potential earnings). I'm sure you are aware of this. Brokers buy large sums of bonds from the government auction, I'm reasonably certain commsec will (at the very least) direct you towards a bond broker, as this is how they make their money. Let us know how you get on.
