Me! Again... (fund help)

Oh, and when I provide a 'certified copy' of my drivers license. Can I simply get a photocopy signed by someone who meets the requirements, or do I need to get a special copy made???

Okay last one...

Can I open an account without investing immediately into a fund? Is the cash account opened automatically, or is that a separate feature with its own application process?

I don't understand why you aren't just keeping your existing investments and adding to them?

What is it about your existing investments that make you want to change?

if there is no CGT, then the only other cost you will pay is the buy and sell spread cost.

I haven't transferred in funds, so I don't know how it works.

how did you go with selecting funds to invest in? what did you choose?

It's not so much the investments, though I'm down about 50% (which I'm not overly concerned about). I'm not all that happy with the funds I'm in, but it's more so that I like the NetWealth facility.
I would like to consolidate everything under one platform where I can easily manage everything and make contributions periodically. I know I can do this through the CFS platform, but I think in the long run Netwealth looks like a better service.

I'm considering selling out of the two property funds, and putting them into the 542 Geared Aus share fund, or into a high growth fund. I need to set up regular contributions on order to keep things moving.


As for the fund selection, CRC, I'm still not entirely sure. I want a good Australian share fund (probably stick with the 542?) and a good long term growth fund. Then maybe an emerging markets or something with a lesser percentage invested.

Cheers.

its good to have property exposure, but listed property is simply a sector on the stock market.

I would look at a unlisted property fund like cromwell or orchard which buy direct commercial property.. this will give you a allocation into a sector not correlated witht he stock market.

Can I / should I still nominate InvestSmart as my Investment Advisor?

Will that work through this application process?
Will I still receive trailing commissions from Invest Smart?

Cheers.

forget about investsmart, its a waste of time.. they keep the first $400 worth of commissions, that would mean you would need about $100,000 invested before you would see any money.. since most funds pay about 0.5% commission.

I do think you can nominate advisers though.

haha, I didn't know that.

I thought I would be getting my $20 in the mail
oh well. Is there any other advisor I should look into? Or should I just not bother with it?

Well I think I made a complete mess of the application forms but I've just posted them off 15minutes ago.

There is a $50 fee (per asset) for transferring existing assets into Netwealth. I figure I might aswell wear the $150 fee and hope that this move gets me going in the right direction and saves me more trouble down the track.

So, now I'm going to wait and see if my application is processed, then set up a regular contribution plan and maybe change some of my investment options.

Thanks for all the help everyone