G'day, I have been reading the forum for a few days and this is what I have been looking for and many questions have been answered just by going through some of the posts. I am 60 years old in a few days time and I received a letter from the Dept of veterans' affairs telling me that my super will be counted as an asset. My super only returned about 4% last year so I have had enough of the drips in Wall St and I reckon I could do better. I have been a gold detectorist for about 10 years and I am going to invest in some gold, silver and gold coins (Australian Sovereigns), how I do this and what ratio to buy is still up in the air but in Jan next year I will have about $30,000 to invest. I will keep reading the posts and see if I can get any ideas of which way to go. Regards Neil
Hi Neil, nice to have 30K to get into PM. Now that would be an exciting shopping trip Welcome to the forum, i'm newbie too, first purchase yesterday.
Welcome Neil, your super being counted as an asset doesn't mean anything unless your total assets (excluding your home) exceed a certain point. See here - http://www.esuperfund.com.au/pensions/agedpensions/assetstest.aspx There is also an income test that may make your assets irrelevant if your income is too high. As a Vet, have you had advice about getting on to the TPI train?
