Direct share in SMSF finally went over $1mil

Well finally, this week, the value of my direct share portfolio in my SMSF exceeded $1mil.

I was watching it earlier this year and the value came teasingly close but then we had that correction which reduced the value by about 80k. Its taken this last few months to restore the value and finally break the $1mil


I know its only an arbitrary value but brought a smile to my face and certainly pleased the wife.

Cheers

...congrats!

Nice one Andreas.
I hope your Qantas shares aren't in there - could dip below that milestone on Monday morning my friend

Such negativity

Yes the qantas shares are part of this amount but then again the Platinum aren't so in fact even if the qantas shares dropped to zero just at the moment I have $20,000 banked in the Platinum IPO. (may still not get filled)

But I take your point. I am more than aware that it is a transient milestone that will no doubt slip yet again before finally breaking upwards good and properly.

Cheers

PS I am going to hold on to the Qantas shares in the SF just to see what will happen. If some of the commentators are right then there could be a nice bonus in it. (pure gamble)

Well done Handy Andy.
I love using milestones also. My next milestone is 1m net equity excluding PPOR and Super. In other words, 1m of income producing net equity.

MJK

handyandy, are you close to retirement age ?

I am 52 and already technically retired. I say technically because I don't get paid any longer apart from my own investment vehicles.

The super was accumulated when I was running a business (up to Nov 2005) and we contributed, between my wife and myself, up to the maximum without going into the surcharge tax. This generally meant about 50k pa.

The direct shares is a major portion of the investments in the super fund but not all of it. We also hold a couple of MF's.

Cheers

Thats' Fantastic !

I guess been much younger I can't share the enthusiasm despite a healthy and growing super fund.

Wife and I are hoping to achieve the 'technically retired' stage within 7 - 10 year timeframe.

Well were at the end of the week and its still just over the $1mil (by $900).

So all up a good week because it stayed up there.

Cheers

Congratulations Andreas.
You are a prime example of a smart investor that researches, is willing to take a calculated punt and has done over the years in both the property and share market.

Keep up the good work
NickM