ETF Me! Again... (fund help)

Discussion in 'Shares & Funds' started by shouldisell, 22nd Jul, 2008.

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  1. crc_error

    crc_error The Rule of 72

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    So which funds did you end up choosing?

    I selected the following:

    452 Australian Share 30%
    Platinum international brands 15%
    Hunter Hall global ethical trust (global small caps) 15%
    AMP Global Infrastructure trust 20%
    Colliers Global property securities 20%
     
  2. shouldisell

    shouldisell Well-Known Member

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    I'm attempting to transfer my existing funds, which would be the:
    452 Geared Aus Share
    Geared Colliers global property fund

    and the last one I just realised is actually a Colonial MF, so I doubt it can be transferred.

    I'll think about what to do next if my application is successful.

    :)
     
  3. crc_error

    crc_error The Rule of 72

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    Colliers is on their investment menu, so I don't see why u couldn't transferr it in.
     
  4. shouldisell

    shouldisell Well-Known Member

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    Yeah sorry, I meant the third fund I have is a Colonial Managed Fund.
     
  5. shouldisell

    shouldisell Well-Known Member

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    Apparently I got the forms done alright :)

    They said they are in the process of transferring everything over. Once it's complete I will organise the periodic payments and be on my way to... well I should probably think about where I'm on my way too. But I think it's a good step in the right direction.

    Couldn't be doing it without everyones help.
    So thank you all :D
     
  6. shouldisell

    shouldisell Well-Known Member

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    Quick update. Just incase anyone has been following this.

    I got all the forms done, but forgot to include a certified copy of my drivers license. Got that done and posted it in.
    I just checked my CFS account and all the funds have been closed.
    They haven't showed up in my NetWealth account yet, but can't be far behind.

    The forms were a bit of a hassle, but all in all it was pretty straight forward.

    Looking forward to setting up some regular contributions and watching it all grow.
     
  7. shouldisell

    shouldisell Well-Known Member

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    Still a few dramas setting everything up, but it should be sorted soon (fingers crossed).

    I was wondering what your thoughts on the monthly debiting?
    Apparently you can only set up a regular direct debit on a monthly basis. This isn't great, as it means I need to make sure my account has enough money in it when that time comes. Not a big deal, but if I forget there are penalty fees charged by Westpac. I would have preferred to be making weekly contributions.

    What do you guys think ??
     
  8. voigtstr

    voigtstr Well-Known Member

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    I contribute 160 a month into CFS geared share. For cashflow I use excel to forecast when payments go in and monies come out of the cash account, that way I can budget to have enough money in the account at any given time.
     
  9. crc_error

    crc_error The Rule of 72

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    you can setup a re-investment plan with netwealth, and each month on the 15th, any distributions and deposits you have made during the month will be automatically invested as per your re-investment selection.

    This way you deposit how much you want to rather than having automatic debit.

    have a chat with them, they are very helpful.
     
  10. shouldisell

    shouldisell Well-Known Member

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    Ahh, okay...

    So is the re-investment plan also allocated on the 15th of each month? Or will it allocate your money whenever there is in excess of $500 in the cash account?
    I thought that I had to have a direct debit set up in order to use the re-investment plan.

    Hmm... I have spoken to them a bit lately, but didn't even think of that as an option.
    The only down side might be me slacking off on my contributions. I'm sure I could stay on top of it though.

    Cheers.
     
  11. crc_error

    crc_error The Rule of 72

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    There is a min of $500 in your cash account, anything above that will be re-invested as per your selection each month on the 15th. regardless if it gets there via direct debit, or a manual deposit.

    You dont need direct debit setup.. just enable the re-investment plan in the portfolio.
     
  12. shouldisell

    shouldisell Well-Known Member

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    Thanks mate. Sounds like a good idea. Once they sort out the dramas with my last fund.

    I called them a few days ago about making a deposit. The only annoying thing about it is that all the deposits go straight into their main account. Then I have to apparently send them a follow up e-mail to confirm the deposit was made by me and where I want it to go (give them my client ID etc... I guess).

    Again, not a big deal but it seems kind of strange.

    Thanks for your help.