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Re-investing Distribution

Discussion in 'Shares' started by MasterCheif, 25th Jan, 2008.

  1. MasterCheif

    MasterCheif Active Member

    Joined:
    22nd Sep, 2007
    Posts:
    43
    Location:
    Melbourne
    Hello All,

    I just bought 100 shares of STW, my first share purchase! How do i reinvest the distributions? Will i get a letter in the mail asking me this? I bought via comsec.

    Bit of background -
    Age 22
    Work - IT
    Salary - 60k PA
    Cash - 40k
    Managed Funds - Mac Small Companies Growth Trust 2k
    Property - Currently Looking in Victoria for an IP but haven't found anything i like yet..

    Currently plan is to keep buying STW and then SLF monthly and continue to contribute to the managed funds until they are all valued around 10k, and then move onto another investment..

    IP will be rented out and i am looking at properties around 250-350k mark in my local area.. (Berwick, Victoria).

    Thoughts, comments?

    Cheers.
     
  2. samaka

    samaka Well-Known Member

    Joined:
    30th Sep, 2007
    Posts:
    308
    Location:
    Sydney
    Yeah you'll get letter within a fortnight.

    I'm doing the same thing -> STW + SLF. Are you gearing as well?

    I'm thinking about doing so right before the end of the year and prepaying the interest - to taxable income down.
     
  3. MasterCheif

    MasterCheif Active Member

    Joined:
    22nd Sep, 2007
    Posts:
    43
    Location:
    Melbourne
    I am not currently gearing.. but like the idea.. as i only have around 5k invested am i able to match my investment and increase the amount as i contribute more? If so how would i go about setting this up?.. I am not even sure how margin loans work.. any help would be great :)
     
  4. Here_To_Learn

    Here_To_Learn Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    315
    Location:
    Sydney
    May I ask what STW stands for ? :eek:
     
  5. Rod_WA

    Rod_WA Well-Known Member

    Joined:
    18th May, 2007
    Posts:
    324
    Location:
    Inglewood, WA
  6. Here_To_Learn

    Here_To_Learn Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    315
    Location:
    Sydney
    Thanks.

    A question for SIM ... when I do a search on STW following msg appears.:eek:



    1. Sorry - no matches. Please try some different terms.

    The following words are either very common, too long, or too short and were not included in your search : STW
     
  7. Rod_WA

    Rod_WA Well-Known Member

    Joined:
    18th May, 2007
    Posts:
    324
    Location:
    Inglewood, WA
    Sorry HTL
    Try searching 'Streettracks' instead.
    Or go to the source directly: SPDRs
     
  8. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,623
    Location:
    Sydney, Australia
    Words less than 4 characters long are not indexed by the forum software. Use the Google search feature instead.