Managed Funds Navra distribution

Discussion in 'Shares & Funds' started by Andrew Allen, 6th Mar, 2008.

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  1. Smartypants

    Smartypants Well-Known Member

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    202
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    NSW
    Distribution has hit account as of this afternoon :):):)
     
    Smartypants, 9th Apr, 2008
    #61
  2. Bob__

    Bob__ Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    112
    distribution

    Yeah, thanks Steve. I live off these distributions

    Bob
     
    Bob__, 9th Apr, 2008
    #62
  3. Chris.R_WA

    Chris.R_WA Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    88
    Location:
    Perth, WA
    Literally, or metaphorically?

    How do you smooth the lumpy timing of cashflows?

    Very interested...

    Cheers, Chris
     
    Chris.R_WA, 10th Apr, 2008
    #63
  4. Mark Laszczuk

    Mark Laszczuk Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    602
    Location:
    Brisbane
    Don't spend the whole distribution. Smart money management is imperative with such a strategy.

    Mark
     
    Mark Laszczuk, 10th Apr, 2008
    #64
  5. TwoDogs

    TwoDogs Well-Known Member

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    25th Jun, 2015
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    377
    Location:
    Sydney
    I live for these distributions ! Pathetic really :rolleyes:
     
    TwoDogs, 10th Apr, 2008
    #65
  6. Bob__

    Bob__ Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    112
    Living off Navra


    G'day Chris,

    I have a cash buffer which I put in place when I first started living off the distributions. It has come in handy recently during the sharemarket downturn. Basically my wife and I salary sacrifice 100percent of our salaries thereby the distributions, which go to our HDT are taxed from dollar one and distributed at my accountant's discretion/advice to either party. I have some IP's which are locked in at 7.79percent with Members Equity. The rents from the IP's go to the same account where the buffer is held (Members Equity at 7.5percent at call). The shortfall is made up each quarter when the distribution is placed into Members Equity after coming from a Trust Bank Account. As stated I have a cash buffer, but I am over 55 so I can access my super (and pay some tax) if required. It is all pretty basic stuff. We also rent out our PPOR and rent here in the CBD of Sydney and pay rent each quarter out of the distibutions. We don't go mad when we get the distributions and put the majority of the into the bank but have a week or so off work and party. Hey, it's party time...thanks Steve


    Bob
     
    Bob__, 10th Apr, 2008
    #66
  7. Nigel Ward

    Nigel Ward Well-Known Member

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    1st Jul, 2015
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    989
    Sounds like a pretty fine lifestyle plan!
     
    Nigel Ward, 10th Apr, 2008
    #67
  8. Bob__

    Bob__ Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    112
    Navra

    Hi Nigel,

    It is coming together slowly. We will retire Jul 09 and live off the distributions full time, leave the super there until I am 60 and then use that as a buffer and draw down tax free if needed. Managing the margin loan is always challenging but I am now at 50percent and try to keep it closer to 40percent than 50. I suppose it is all about time. Time for the IP's to appreciate and then draw down the equity for the shares. Sitting on the shares in the bad times waiting for the next cycle.

    What do I know?

    Bob
     
    Bob__, 10th Apr, 2008
    #68
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