Thanks for starting the thread nimbus, I`m 37 and way off...

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stueyb1

18 Posts.

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17/03/22

17:45

Post #: 60258682
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Originally posted by nimbus24: ↑

Yes enoonmai, I am happy with the cash amount and regularity of the fund, for the security of capital that
it represents.
However If one requires for whatever reason to to exit the fund, then the penalty in the short term is high
regarding the capital returned as determined by the EXIT price.
I initially took the approach that putting my cash into FPay was better that getting nothing from the banks and
I could still retain liquidity. In that I could get my cash back in a few days.
However I did not look carefully at the respective ENTRY and EXIT prices of the fund.
This fund is most certainly not a replacement for a cash deposit!!! And I'm sure that in future years as inflation progress's the exit price will approach the original entry price for the long termers.
I guess one way of mitigating this problem is to re-invest your income into units, until such times as you need the cash income. In this way some compounding effect can be obtained to offset the low exit price.
I am considering doing this.
I am in no way knocking the concept of FPay. I believe that it is an excellent vehicle for those retired people who require
a secure investment to supplement their future income.
As the PDF states it is for those who envisage an investment term of at least 3-7 years.

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Thanks for starting the thread nimbus, I`m 37 and way off retirement but I have invested a small amount into FPAY and clicked the DRP button.

My reasoning for investing is because while not a guarantee they are giving you a yield of approximately 4%. Secondly, I would like to one day retire and envisage something like this to help me do it, however as it is a new product I'm weary of how it will perform during long bear markets so I'm dipping my toe in to see if it does what it says on the label.

I am an optimist so I really hope this product is what its cracked up to be, seeing my parents struggle to decide what to do with their savings I decided to get in early so ill having a long view as what to do with my retirement savings one day.

thanks again.

MFG Price at posting: $15.35 Sentiment: Hold Disclosure: Held
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