Hi All my first time of asking a question on HC, have been reading HC for 5yrs now and respect the views given especially in this thread. My question is this.>>>> I have just retired at 62 yrs of age. Own my own home, debt free on a small rented out unit, 200k in cash, 100k in share portfolio that I trade myself [not super]. 350k in a managed Super Fund charging 5k a yr to look after.
My dilema is this.> shall I withdraw All my Super and put Funds into personal trading portfolio and invest in fully franked div paying companies for income. saving 5k a yr in fees and very simple to manage. I am confident enough to do this as I check market daily. I am aware that any profits if I sell will be taxable unlike super [tax free] but thinking more of holding long term and collecting divs for income, add to that my rental income and interest on cash currently 3%. OR open SMSF and transfer the 350k super and maybe the 200k cash into say E super.
Any thoughts on the above would be greatly appreciated.
