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Starting out in Managed Funds

 
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Old 20-08-2007, 10:44 AM   #1
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Starting out in Managed Funds

If you were just starting out what managed fund would you invest if you only had $1,000 to start off with but could add extra each month.

any funds which give good returns?
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Old 20-08-2007, 10:59 AM   #2
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Depends on your goal and timeframe.

If growth was your objective and you had 5+ years to invest, I would go for a geared share fund like the CFS Geared Share.

If income was your objective (eg to offset holding costs from cashflow negative property), then a fund like Navra AUS is a good choice, but again, only if you have an investment timeframe of 2-5+ years.

If tax effective income was your objective, then I'd consider something like an imputation fund which distributes franking credits from the dividends earned by the fund.

If you are saving for a specific purpose and are likely to need the money within the next 2 years, I'd go for a high interest savings account instead. ING / Rabobank / BankWest etc.
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This is a general comment only and does not constitute advice. Before making financial decisions you should seek advice from a professional adviser, who can take into account your specific circumstances and investment goals.
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Old 20-08-2007, 12:39 PM   #3
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Triu,

Have you considered LIC's and ETF's? Why does it have to be a managed fund?
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Old 20-08-2007, 05:28 PM   #4
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Hi Glebe sorry still learning what are LIC's and ETF's

have started to slowly build property portfolio again and now looking at building shares etc.
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Old 21-08-2007, 05:40 PM   #5
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I didn't know what LIC's or ETF's were either so I looked them up (invested.com.au has a great glossary)

Listed Investment Company is LIC, ETF wasn't in the glossary but a google search would show some results I'd imagine.
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Old 21-08-2007, 05:53 PM   #6
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Listed Managed Investments - LMIs, fund manager, diversify investments - ASX
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