Me! Again... (fund help)

crc_error · 13-08-2008, 01:58 PM

So which funds did you end up choosing?

I selected the following:

452 Australian Share 30%
Platinum international brands 15%
Hunter Hall global ethical trust (global small caps) 15%
AMP Global Infrastructure trust 20%
Colliers Global property securities 20%

Compleks · 13-08-2008, 02:40 PM

I'm attempting to transfer my existing funds, which would be the:
452 Geared Aus Share
Geared Colliers global property fund

and the last one I just realised is actually a Colonial MF, so I doubt it can be transferred.

I'll think about what to do next if my application is successful.

crc_error · 13-08-2008, 05:21 PM

Colliers is on their investment menu, so I don't see why u couldn't transferr it in.

Compleks · 13-08-2008, 08:52 PM

Quote:

Originally Posted by crc_error

Colliers is on their investment menu, so I don't see why u couldn't transferr it in.

Yeah sorry, I meant the third fund I have is a Colonial Managed Fund.

Compleks · 15-08-2008, 07:05 PM

Apparently I got the forms done alright

They said they are in the process of transferring everything over. Once it's complete I will organise the periodic payments and be on my way to... well I should probably think about where I'm on my way too. But I think it's a good step in the right direction.

Couldn't be doing it without everyones help.
So thank you all

Compleks · 25-08-2008, 01:04 PM

Quick update. Just incase anyone has been following this.

I got all the forms done, but forgot to include a certified copy of my drivers license. Got that done and posted it in.
I just checked my CFS account and all the funds have been closed.
They haven't showed up in my NetWealth account yet, but can't be far behind.

The forms were a bit of a hassle, but all in all it was pretty straight forward.

Looking forward to setting up some regular contributions and watching it all grow.

Compleks · 08-09-2008, 02:23 PM

Still a few dramas setting everything up, but it should be sorted soon (fingers crossed).

I was wondering what your thoughts on the monthly debiting?
Apparently you can only set up a regular direct debit on a monthly basis. This isn't great, as it means I need to make sure my account has enough money in it when that time comes. Not a big deal, but if I forget there are penalty fees charged by Westpac. I would have preferred to be making weekly contributions.

What do you guys think ??

voigtstr · 09-09-2008, 02:10 PM

I contribute 160 a month into CFS geared share. For cashflow I use excel to forecast when payments go in and monies come out of the cash account, that way I can budget to have enough money in the account at any given time.

crc_error · 09-09-2008, 03:58 PM

you can setup a re-investment plan with netwealth, and each month on the 15th, any distributions and deposits you have made during the month will be automatically invested as per your re-investment selection.

This way you deposit how much you want to rather than having automatic debit.

have a chat with them, they are very helpful.

Compleks · 09-09-2008, 04:05 PM

Quote:

Originally Posted by crc_error

you can setup a re-investment plan with netwealth, and each month on the 15th, any distributions and deposits you have made during the month will be automatically invested as per your re-investment selection.

This way you deposit how much you want to rather than having automatic debit.

have a chat with them, they are very helpful.

Ahh, okay...

So is the re-investment plan also allocated on the 15th of each month? Or will it allocate your money whenever there is in excess of $500 in the cash account?
I thought that I had to have a direct debit set up in order to use the re-investment plan.

Hmm... I have spoken to them a bit lately, but didn't even think of that as an option.
The only down side might be me slacking off on my contributions. I'm sure I could stay on top of it though.

Cheers.