ASX ETFs for retirement: why 5% in passive income is doable
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- เผยแพร่เมื่อ 29 เม.ย. 2024
- Owen Rask, Chief Investment Officer of Rask Invest, and Mitchell Sneddon, Head of Funds Management for The Rask Group answer your questions about building passive income for retirements, using ETFs.
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Excellent. More on this subject soon. Thanks.
Agree about chasing yield, we put 15% of our net worth into unlisted property trusts to get a 6-9% yield. However come high rates, these yields got cut as did the unit prices. Total return is the key, thankfully also adding 15% Bitcoin at a cheap price really adds to the total return of the whole portfolio which is amazing considering no yield. It's taken the place of Gold for me, volatility is no issue if you have a 5-10 year time horizon.
Also consider asx MOT and MXT as high yield ETFs that are not equity market correlated.
Retirees might be "spending up" now that interest rates are up.....there has been a long time where the retirees have had little to spend.
I absolutely agree! Retirees went so long without getting their fair share of income. Lots of them would have moved 'further out' the risk curve (to shares, property, LICs, etc.) and still benefitted in a big way (e.g. Industry Super funds moving them to alternative assets or infrastructure 5-10 years ago). So they weren't completely knocked around by lower interest rates.
But definitely, it's now much easier - and well deserved! I'm just worried - yet again - that the central banks don't know if interest rates are a gas pedal or a brake pedal.
Owen Rask