At least they carry forward remainder credit for part shares to be allocated in the future, many companies don't !
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
MFT up almost 10% since the lockdown ....FPH more then that ....IFT is holding steady ....thats almost 52% of KFL holdings ....So maybe KFL NAV will jump big time on coming Thursday ....Expecting around 1.85 maybe !!!
MFT up almost 10% since the lockdown ....FPH more then that ....IFT is holding steady ....thats almost 52% of KFL holdings ....So maybe KFL NAV will jump big time on coming Thursday ....Expecting around 1.85 maybe !!!
And trading at $2.00......
Pretty easy to replicate in your own portfolio with almost the exact mix.
Still trading at 12% premium ....must be some advantages to some ...
3.52 x 4 = 14.08 / 200 = 7.04% PIE tax paid return. Most people could live quite comfortably off $1m invested giving 7% net = $70,000 tax free per annum.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
3.52 x 4 = 14.08 / 200 = 7.04% PIE tax paid return. Most people could live quite comfortably off $1m invested giving 7% net = $70,000 tax free per annum.
Fully agree and thats what is supporting my retirement ....Its the best buy and hold of my life ...tax free plus no need include or file IR3 ...so total buy and forget and just enjoy direct credits every 3 months to bank ....what more a retired person need for financial security !!
PS : Capital is not only preserved well but appreciates also most of the years
3.52 x 4 = 14.08 / 200 = 7.04% PIE tax paid return. Most people could live quite comfortably off $1m invested giving 7% net = $70,000 tax free per annum.
All the MLN, KFL and BRM funds appear to be priced to return about 7% at present. Based on a dividend of 8% of NTA.
I've been retired for years on a large portfolio of this trifecta along with a healthy slice of LPTs. I didn't pay today's prices either so the NTA yield is considerably higher.
I'm not even 60. Of course the imputation credits are wasted in my case, but umm you have to make profits to get any in the first place of course.
The critics normally chime in here...
If you have $1m invested you would take the DRP shares at 3% discount each quarter and concurrently sell on-market via Jarden or whoever. The brokerage is a reasonable sum less each quarter than the value of the discount. So tax free return is even higher.
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Originally Posted by alokdhir
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