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Discussion in 'Introductions' started by MissMuffitt, 7th Dec, 2007.

  1. MissMuffitt

    MissMuffitt New Member

    Joined:
    7th Dec, 2007
    Posts:
    2
    Location:
    Central Coast, QLD
    G'day... I have been hanging around the somersoft forums for a while now, and saw this forum mentioned, so I thought I would drop in!

    My husband and I currently have our PPoR in Gladstone and have just in the last 3 months purchased 2 IPs. One in Agnes water QLD and the other in Corio VIC.

    We are very new to investing, but I have gotten heaps of info from books and especially the somersoft forums!

    As well as IPs I am interested in managed funds. I used to have some ING ones but that closed up for some reason and we get the money out of it.
    So now I am on the lookout for some other fund that I can start with say $1000 and put in $200 a month??
    I have read a bit lately about Insurance bonds being good... What are your opinions of them??

    I look forward to your replies.

    MM
     
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi MissMuffit,

    Insurance/Investment bonds are taxation structure (like super) rather than an actual managed fund itself.

    Basically after 10 years the growth is tax-free, see Managed funds.

    As far as I'm aware ING, CommInsure and Austock are the only issuers of Insurance Bonds, though I may be wrong.

    Insurance bonds market haven't really matured to the stage where alot of funds are available on the platform, so it is a bit behind for innovativeness.

    Google the word Investment Bond and you will have a few hits.

    Regards,

    Dan

    PS the above is general information and not investment advice. Speak to your FPA registered Financial Planner before making an investment decision.