How big a portfolio do you need? (aussie based)

Discussion in 'Other Asset Classes' started by Hodor, 13th Feb, 2019.

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  1. KinG3o0o

    KinG3o0o Well-Known Member

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    term deposit is not instant withdrawal im not sure how long is it,, but im think it could be a while too.. also the bank can say no to your early withdrawl (they wont but they can).

    u dont want that problem if its really a rainy day.
     
  2. FredBear

    FredBear Well-Known Member

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    [​IMG]

    Given this list, and that you want to maximise income, why would you not pick say the two highest yielding LICs from this list and forget about the rest? Assuming "set and forget" and "never sell".
     
  3. Anne11

    Anne11 Well-Known Member

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    The yield is usually high for a reason eg. may incur capital loss, highly volatile, yield is not sustainably high etc..
     
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  4. PandS

    PandS Well-Known Member

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    Well dividend get paid twice a year mostly, so if crisis hit and some company reduce dividend payment and you put in 6 months and 12 months term deposit you can pretty much access that cash just as the company slow with dividend.

    Say I I gone 5 years and get 40K spare each year, I stage my term deposit.

    first 40K on Jan due 6 months later
    next 40K on Feb due another 6 months
    next 40K on March due another 6 months etc....

    so I would have no issue with access the cash each month as the term is up