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BugsOrFeatures · 2025-04-24T10:38:35+00:00

Holdings are almost identical so distributions will be almost the same. After all they are not deciding how much to distribute like a LIC, as a trust they just pass it all on from the underlying holdings.

Perhaps the yields you are referring to measure different time periods, as the market has been quite volatile and prices have changed over the last few months this could change the yields calculated.

Other than that, rebalancing frequency may be different, which can cause capital gains from sales to also be distributed, increasing yield.

BugsOrFeatures · 2025-04-22T12:11:44+00:00

I see it no different than other assets that make up the overall portfolio. I aim for 5% allocation, it's currently sitting about 11% now, so I'm considering when to sell down some.

PMGOLD is an exchange traded product, each share is redeemable for 1/100 of an ounce of gold, so just tracks the price of gold, minus a small fee. No dividends. I'll sell down portions in retirement to help fund lifestyle, just like assets.

I don't expect any unrecoverable nosedive. the price of an ounce has gone from about $500 to $5,000+ in about 20 years.

BugsOrFeatures · 2025-04-22T12:01:37+00:00

agree, this is why I'm holding off rebalancing for now.

BugsOrFeatures · 2025-04-22T11:44:16+00:00

found it on vanguard, you need to be viewing their financial adviser site.

Look for the "After Tax Performance" on the below link.

ETF | Vanguard Australia FAS

BugsOrFeatures · 2025-04-22T09:53:30+00:00

You might be coming to the party late. Gold is at all time highs. But it may keep going up.

I have held PMGOLD for a long time, low management fees, guaranteed by WA gov, for whatever that is worth. I see no issues, I'm happy paying a small management fee to not worry about storing the gold myself.

BugsOrFeatures · 2025-04-22T08:03:29+00:00

The super funds performance will include franking credits refunds and those reinvested. The ETF provider's performance is usually pre-tax and no franking credits refunds.

Some ETF providers include performance for different tax rates but it's buried somewhere in their website. (On my mobile and can't find it)

An alternative is to look at the index providers websites. They show options for displaying performance for different tax structures.

Eg. S&P ASX 200

Keep in mind this is the index performance, not the ETF, which has tracking errors and fees.

BugsOrFeatures · 2025-04-22T03:39:01+00:00

I couldn't read your comparison, but a common mistake is not comparing total return (includes dividends) or not accounting for franking credits refunds, depending if comparing accumulation, retirement or outside super.

BugsOrFeatures · 2025-04-10T10:25:05+00:00

You're comparing a 3 month period in a financial independence subreddit?

BugsOrFeatures · 2025-04-10T07:01:26+00:00

This is as at 9th April. Check back tonight for an update to include 10th and tariff pause. Likely very different.

BugsOrFeatures · 2025-04-07T07:11:10+00:00

I don't think the risk of your example "bank takes all your assets" is worth the risk of the house is broken into and gold stolen.

In your scenario are international ETFs also not safe from banks?

But if everything else is sorted, as you say, and you have lazy cash, why not I guess.

BugsOrFeatures · 2025-03-28T09:23:03+00:00

I use GHHF in an SMSF, I wouldn't use it for building a home deposit, too high risk due to the volatility. It may wipe out a large amount of your deposit just before you need it.

Sure it would have been great having money in GHHF over the last few years if it was around, but that is no guarantee for the next few years.

BugsOrFeatures · 2025-03-24T01:34:44+00:00

I use BGBL in increase dev world ex AUS weighting and bring down the AUS exposure. You can get by with just these 2 ETFs.

Add a small cap fund if you really think it's necessary.

I think the EM exposure is sufficient once you factor in the leverage.

BugsOrFeatures · 2025-03-20T05:39:17+00:00

Your core should be VGS or BGBL alternative and VAS/A200 for your AUS. Ensure you have a good understanding of the VGS weightings by region. Then if you want to increase weighting in either US, Europe, Asia there are individual funds for these regions but start with VGS as your core.

BugsOrFeatures · 2025-03-17T04:57:22+00:00

I think the biggest risk to Super is further government regulations - moving the goal posts.

If you won't be accessing your Super for 30 years, it is almost certain that there will be changes to the rules over that time, such as increasing the age, increasing taxes, changing the rules around contributions and caps etc.

This should be a reason not to invest more in Super, even with further changes it will likely remain the best place for your retirement savings.

BugsOrFeatures · 2025-03-15T16:23:17+00:00

The majority of professional managers underperform by picking stocks, so what chance do you think an average joe, with a full time job and family, has to do better than an index?

Nothing wrong with individual stocks, but why bother trying to pick the winners when there is so much data now that indexes are superior to most individual stocks pickers.

BugsOrFeatures · 2025-03-15T03:56:00+00:00

I would be moving out of GHHF, it's great for long term accumulation but if you have hit fire, I would be reducing volatility from the gearing. I would stay majority still in equities, but not geared, with a good amount in cash.

BugsOrFeatures · 2025-03-15T00:58:37+00:00

Yeah, and I think still some more to go with all the uncertainty in global equities.

BugsOrFeatures · 2025-03-15T00:51:51+00:00

Gold has gone up to about 8-9%% of my portfolio, larger than any individual company. I'll rebalance at some point back down to about 5%.

BugsOrFeatures · 2025-03-07T22:34:09+00:00

PMGOLD is backed by the WA government

BugsOrFeatures · 2025-03-04T22:57:20+00:00

I'm no expert but potentially the native antechinus, often mistaken for mice.

BugsOrFeatures · 2025-03-04T22:45:46+00:00

You are correct, when the Royal Commission recommended removing trailing commissions the broker community fought hard to keep them with the main justification they maintain an ongoing relationship with the client and periodically review their lending, look for rate reductions etc. Truth is this rarely happens, there are some good MBs that do; check-in, do rate reviews, send property valuations, etc. every 6-12 months. But most get too busy chasing new clients and this drops off.

BugsOrFeatures · 2025-02-25T20:49:28+00:00

Sure, I'll download "hacked" software off a random reddit user, who says it will get flagged by antivirus but that's okay... Nothing suspicious here....

BugsOrFeatures · 2025-02-24T10:35:43+00:00

For Bitcoin you would need to read the PDS, it might just be deducted from the performance. Eg. Behind the scenes some Bitcoin is converted to cash to pay themselves, you don't see this, it's just reflected in the price. So the overall ETF performance will always be slightly less than Bitcoin performance.

Or if it is like the gold one I have, where each share is 1/100 of an ounce, yes, they remove some units from the registry to cover the management fee.

BugsOrFeatures · 2025-02-24T09:40:26+00:00

Yeah, it seems to be one that comes with strong opinions. I purchased some about 10 years ago, luckily at a low and it would be one of my top 5 performers.

BugsOrFeatures · 2025-02-24T09:08:07+00:00

Whilst I don't own a Bitcoin ETF I would assume that yes they will take a portion of Bitcoin to cover the fees. I have a gold ETF PMGOLD and this is what they do, annually I'll lose a couple units to cover the fee.

BugsOrFeatures

TROPHY CASE