Inheritance of $1million.Hell, what do I do with it?

Discussion in 'Share Investing Strategies, Theories & Education' started by John Smith, 25th Apr, 2017.

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  1. John Smith

    John Smith Well-Known Member

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    To the Investchat community, thanks for your support with your recent posts. I have indeed contacted , and spent time, with a member of the FPA who is well-credentialed, and they have already provided us with some preliminary general advice. We are ready to take the next step with that person.
    Prosperous investing to all.
     
    John Smith, 2nd Jun, 2017
    #21
    6 people like this.
  2. Simon Hampel

    Simon Hampel Founder Staff Member

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    Hey John Smith - for our own edification, once you've got things set up it would be great if you could let us know the basics of the plan you've put in place and progress on how things are progressing. It's always useful to understand how people have approached things.
     
    Simon Hampel, 5th Jun, 2017
    #22
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  3. Frank Manno

    Frank Manno Well-Known Member

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    Hi John,

    I'm in a similar situation as yourself, although I have been contemplating 50% invest in property and the other 50% in other asset classes as advised by a financial advisor..

    I don't know if I can bring myself to hand over all my money to the share market. Hence 50% property.

    I'm curious as to what you end up doing.. Like Simon said it would be good if you kept us updated.. :)

    Good luck.


    -Frank
     
    Frank Manno, 10th Jun, 2017
    #23
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  4. twisted strategies

    twisted strategies Well-Known Member

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    I have spotted this new ( yet to be launched ?? ) ETF , slightly appealing

    Australian Bank Floating Rate Bond ETF | BetaShares

    like all ETFs it needs deep research

    *** Regular attractive income – income paid monthly, and expected to exceed income paid on cash and short-dated term deposits. Income expected to rise should interest rates rise and vice versa ***

    • At least 80% of total portfolio weight allocated to bonds issued by the following eligible banks: ANZ Bank, Commonwealth Bank of Australia, National Australia Bank and Westpac (equally weighted)
    • Up to 20% of total portfolio weight allocated to bonds issued by the following eligible banks: AMP Bank, Bank of Queensland, Bendigo & Adelaide Bank, Macquarie Bank, Members Equity Bank and Suncorp-Metway


    this is a play in rising interest rates ( on Corporate debt )

    please note I am uncomfortably under-exposed to interest bearing securities, currently

    this ( IF I buy in ) will be unlikely to be a major part of my portfolio ( I prefer to hand-pick )
     
    twisted strategies, 11th Jun, 2017
    #24
  5. John Smith

    John Smith Well-Known Member

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    Briefly this ho
    Briefly, this is how it will be allocated (keep in mind that the number is over 1mill): 530k in my wife's super, 300k in mine, 300k to pay off two outstanding loans and the remainder to purchase ff dividend paying shares in my wife's name as she earns less than 30k per year.
     
    John Smith, 11th Jun, 2017
    #25
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  6. Simon Hampel

    Simon Hampel Founder Staff Member

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    Sounds like a very low risk approach (depending on what the super is actually invested in of course).
     
    Simon Hampel, 13th Jun, 2017
    #26
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  7. larrylarry

    larrylarry Well-Known Member

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    Probably matches Johns risk profile.
     
    larrylarry, 20th Jun, 2017
    #27
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