IVV or VGS, plus the power of offset accounts & government bonds
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What's happened in the world of money over the past month?
Catch up with the world of finance in Owen's December 2023 market update, covering major market moves, bonds & the power of offset accounts.
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Пікірлер: 17
Straightforward and clear, thanks guys.
Great coverage, thank you Owen and Kate.
Love these updates. Keep going!
Go the offset. If your saving money and there is a friend or family member you can trust with an offset, you could deposit your funds into their offset and split the interest saved by the bank. i.e. Loan rate of 6.25%. High interest account 4.75%. Person with the offset pays 5.5% to the depositor. Win WIn.
@bpw8139
5 ай бұрын
Also the person with the money presumably doesn't have to pay tax on the income earned.
@marcoschena99
5 ай бұрын
@@bpw8139 You would need to declare the interest earnt on your tax return.
Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank as subscriber 1:04
Is it too late to get onto IVV until the next correction? Steep rise this year and near year high levels. What goes up must come down?
@adriankmita
6 ай бұрын
I feel the same way. Feel like I missed the boat this time… However if what Owen is saying is true, if the index is trading at 16 P/E then it would be fair value now according to history? But it barely pays a dividend, so you are really speculating on the share price.
@albertjoseph9684
6 ай бұрын
It is never late
Don't forget the currency rate. Investing into ivv/vgs at an exchange rate of 66 cents for your AUD.
@willchongwei
5 ай бұрын
No, you can invest in the ASX.
Don't yet it, there is a Inverted Yield Curve, everyone is expecting a drop in interest rate.
I would like to see a LIC alternative to the IVV or NDQ ETFs. An LIC that holds IVV.NYS or QQQ.NAS and reinvests all dividends inside the LIC instead of paying out the dividends.
@adriankmita
6 ай бұрын
MFF would be the one you are looking for.
@adriankmita
6 ай бұрын
The fee structure is a bit elusive though, found it difficult to calculate.