I have recently decided to implement a debt recycling strategy in order to a)Pay off my PPOR debt faster and b) Slowly move my PPOR non-deductible debt over to a an investment loan which is tax deductible. I have managed to get a $70k IO loan at 4.39% (Have ran this through my accountant) and I was looking to buy dividend paying shares with it. I will only get charged interest on the amount I use for investment so am planning to slowly buy shares and start building my portfolio. I have opened a NABtrade account with first 100 trades free for 90 days. Also been researching and reading investment articles and comparing LICs/ ETFs. Here is what I have decided to purchase: AFI or Argo LIC shares. ($15k) – Safe and big LICs paying good dividends. Leaning towards AFI but will look at the NTA and discount/premium on offer before deciding. VAS ($15K) – ETF. Also looking at Betashares A200 but would like to go VAS as they have a proven track record MIR or FGX ($10K) – To diversify to midcap LICs. Cannot decide between the 2. NAB and WBC ($8K each) – Dividend paying shares currently trading at all-time lows. With the remaining $14k I am looking at buying RFF and CWN. Or continue researching to find other options else put more into another LIC like AUI or AFI or Argo. I am into this for the long term and do not intend to sell any shares. I understand that the portfolio is heavy on dividend paying shares but that is what I am looking for initially. Do you guys think it’s a good portfolio for what I want to achieve or should I be looking at something else/am I missing something?