Your question: Is AFIC a good investment?

Is AFI still a good investment?

And it was all fees, fees, fees: You’d get whacked with establishment fees … contribution fees … administration fees …

What dividend does AFIC pay?

AFIC will pay 14¢ per share in a fully franked dividend next month, which when combined with the February dividend brings its total for the financial year to 24¢, matching the sum paid in the prior year.

Is AFIC an ETF or LIC?

AFIC is a Listed Investment Company (or LIC), which in short means that it is a company whose purpose is to invest in other companies.

Is AFI trading at a discount?

Investors in Listed Investment Companies often talk about shares trading at a ‘discount’ or ‘premium’ to NTA, below is an explanation of what this means.

NTA per share Share price Trading
$10 $9 At a discount

Is Scott Pape rich?

I’m Really Rich! Hi Scott, As a result of recently selling our (multi-generation) family business, my husband and I are now $34 million wealthier (after tax).

What investment does Barefoot Investor recommend?

However, he does recommend two listed investment companies (LICs) by name that investors should purchase, namely: Australian Foundation Investment Company (ASX: AFI) and Argo (ASX: ARGO).

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Can you live off of dividends?

Over time, the cash flow generated by those dividend payments can supplement your Social Security and pension income. Perhaps, it can even provide all the money you need to maintain your preretirement lifestyle. It is possible to live off dividends if you do a little planning.

Is AFIC a managed fund?

Invest in AFIC as part of your Self Managed Super Fund. Learn more and download the AFIC Investing for SMSF brochure.

Does AFIC have DRP?

The Dividend Reinvestment Plan (DRP) is an easy way to accumulate more shares over time by reinvesting your dividends in additional shares. If you’re an AFIC shareholder, it’s optional to participate in the DRP. You can choose whether to reinvest all or part of your dividends in the plan.

What is the best index fund to invest in Australia?

Top 10 ETFs in Australia in 2021 and Beyond

  • BetaShares NASDAQ 100 (NDQ)
  • SPDR S&P 500 ETF Trust (SPY)
  • iShares Global 100 (IOO)
  • iShares Core S&P/ASX 200 (IOZ)
  • iShares MSCI Emerging Markets (IEM)
  • iShares S&P/ASX 20 (ILC)
  • SPDR S&P Global Dividend Fund (WDIV)
  • VanEck Vectors Morningstar Wide Moat ETF (MOAT)

What ETF does Scott Pape recommend?

Finally to cap off the Breakfree Index Fund Portfolio, Pape recommends a 10% allocation into the VAF ETF from Vanguard, which tracks the performance of high quality Australian bonds. VAF has a management fee of 0.20% p.a and since inception in 2012 has returned over 4% p.a.

Is AFIC ethical?

AFIC is committed to the highest standards of ethical behaviour.

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