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Managed fund - New to MF's - advice

Discussion in 'Managed Funds & Index Funds' started by kiwi000, 8th Jul, 2009.

  1. kiwi000

    kiwi000 New Member

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    8th Jul, 2009
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    Location:
    Newcastle
    Hi,

    I have invested in shares but am keen to begin investing in a managed fund. I am a small investor but would still like any advice available. I currently have about 10k in a variety of blue chip shares.

    I wanted to use that money as collatoral and obtain a margin loan ratio 50-50and enter into a managed fund - growth - multi sector.

    I was looking at Zurich Investment Management Limited
    Entry price = $0.89
    Minimum Initial Investment: $1,000.00
    Asset Allocation 17% Aust fixed interest, 35%Aust shares, 8.5% cash, 5% International fix int, 26.17 % international shares, 8% property (approx).
    I am interested in investing over the long term but want to contribute say $2000 now and then a set amount each month. Matching this contribution with money from a margin loan.

    I thought this might be a good idea while share prices are low and I can claim the interest costs as a tax deduction. Currently earning 70k per year and have nothing to claim.

    Any advice would be appreciated.
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    What is it about this fund that caught your attention?
     
  3. kiwi000

    kiwi000 New Member

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    Well I currently have an investment account with Comm Sec. I was looking for funds with low entry amounts and as I am not very familiar with MF's I was looking at high MorningStar ratings, I wanted a multisector fund and it seemed to tick all of the boxes.
     
  4. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Why do you want a multisector fund ?
     
  5. APerry

    APerry Active Member

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    If you are concerned about fees you should use one of the rebating services to access the funds, they will most probably be cheaper than Commsec
     
  6. kiwi000

    kiwi000 New Member

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    Well the reason I wanted to invest in a managed fund was being able to diversify my investment over different sectors.
     
  7. kiwi000

    kiwi000 New Member

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    The other fund I am interested in is - CFS MIF - Diversified Fund
     
  8. Jennylichen

    Jennylichen Member

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    14th Mar, 2009
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    Location:
    Sydney, NSW
    I am in the similar situation and agree with your decision. I am now considering IOOF Pursuit Core investment fund. This is a platform, and I want to set up monthly contribution of $500 and initial investment $2000 to invest in Vanguard Property Index Fund, Zurich internation fund and Platinum international Fund. I have some BT margin loan,but only for Australian Share trading.
     
  9. nakuru

    nakuru New Member

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    Could you please give an example of the rebating service? What is it exactly?
    Thanks
     
  10. APerry

    APerry Active Member

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    Location:
    Melbourne