Your stratergie to join the Millionaires Club.

It's a subtle difference - and it depends on many factors as to whether it really makes much difference over time.

Navra converts an INCREASE in capital to cash, and then pays that out as distribution.

If you sell a growth fund when it has gone up to get cash - you achieve pretty much the same effect, as you suggested.

The difference is what happens when the growth fund goes down in value. If you then sell to get cashflow, you are locking in the loss in value and foregoing future gains on that capital.

However, I guess you could argue that Navra will most likely distribute less in a down market (lower profits), and so they pay less distribution - which is the same as either selling less of your growth fund, or not selling at all (similar to no distribution from the income fund).

I would need to do some simulations using real data to work out the differences.

I was enjoying your thread CRC. Disappointed that you deleted your posts.

I'm not going to share my views in a thread where I get attacked. Its not the first time I have been attacked by Mark.

If we can't share opposing/alternative views without been personally insulted, then I rather not say anything.

Mind you Mark wont share anything with you.. once asked if he would share his 'plan' and he simply stated he isn't going to share anything with anyone other than his "mentor"..

I won't provide details of my plan because I'm not willing to post details of my private financial status on an internet message board accessible to anyone with an internet connection. If you want to do that, then go ahead.

Mark

Mark, no one is asking for your private details.. but a general discussion is different to specific financial details..

IE my investment plan may involve buy renovate hold redraw buy shares.. you would not even discuss that.. pitty I can't find the old thread to dig it up..

no one is suggesting you post how much cash you have, specific investments details etc etc.

To me your attitude showed you were not willing to share 'your secrets' with others.. which is fine... but you were quick to criticize others plans/ideas when they didn't agree with you.

I have now deleted 'my plan' as I'm also not going to share it with you! and I'm not interested in arguments and personal attacks.

Why are people worried about posting specific financial details. If I said I had $x in cash and $y in navra, who would care, and how would having those details on the web put me at any kind of risk?

Crc_error,

Don't leave the forum due to one other person upsetting you. There will always be people on forums that pick on anything that they can.

Everyone's contributions are interesting and that's what makes this and other forums worthwhile.

Yes, people make mistakes and may have some incorrect information, but this is how we learn, through others providing up to date information and or different views and opinions. I do agree though, there is no need for personal attacks, it doesn't do anything but downgrade the forum and prevents people asking questions or putting their opinion forward through fear of being "sledged".

Forum are like most information sources these days, take from them what suits you personally, and forget the rest.

Cheers

Bundy

Disappointing. I was interested in your approach because you obviously have a better grasp of working through and understanding managed funds than I.

I'm sure other's here are happy to discuss strategies with you, that may be of benefit to the majority.

Voigtstr

In most cases it wouldn't make any difference because people today use OPM (other people's money) so our funds are borrowed from a bank anyway.

However, I understand where Mark is coming from.

Most people posting in a public forum would be withholding their true identity and perhaps Mark isn't doing this so I can understand why he would want to be cautious on disclosing personal financial information.
I believe he also doesn't want to be blamed for giving advice.

Cheers

CRC

I know that at times you've expressed a different point of view (as I do) and I often find your posts interesting and thought provoking and so are some of the replies you get from other members so overall I think your contribution to this forum is good and IMHO welcome.

Don't read too much into a post.

I have spent several years posting in forums and I also have at times unknowingly and unintentionally annoyed or offended people so I know how easy it is to get on someone's nerves and to suddenly feel that you are under attack.

Mark is also an interesting and thought provoking character, I have also argued with him on SS in the past on a couple of occasions and on something which I thought it was black and white and he thought it was black and blue

We all have different ideas and opinions and that's what makes the world an interesting place

Don't take things personally, Mark probably had a bad day and was not talking for all of us here anyway.

Remember, it's very easy to misinterpret someone else's post and therefore we should all (myself included) try our best not to be too critical of others and to avoid personal attacks.

IMHO