I hvae NAB, BOQ and MYS.

Stay calm,.. don't go in yet,... problems are not yet over for the Aussie banks, especially the for Big 4.

what is MYS?

High risk bro....housing loan crisis waiting for you

The lower the better

Emm,... when the 15% guarantee program comes in for first time home-buyers,... this may start to re-ignite the housing mkt again,...won't be an overnight thing, though,...

Secondly,.. when the RBA cuts interest rate twice this year,... 'more stimulus then',....

Hmm... perhaps wait a year or two? Interesting to see how the big 4 banks will go from here..... look back after 1 yer

Ya the proposed 15% guarantee program will help the property market. But if I were the young Aussie, I will rather wait it out to achieve my Australian Dream. I think most would expect a worse property slump. The unwinding of interest only loan is yet to hit fully. So, my 2 cents is better don’t touch banking stocks and property developments counters.

Ya, for me, I won’t touch banking now. But that’s just me lah.....

Unless you take a long term view collecting dividend like 6-7% per year, 5 years can withstand 30% capital loss. If price never drop then it’s a bonus...

There are better bets like mining, supermarkets, insurance, education or even property reits.

This post has been edited by Showtime747: May 20 2019, 06:29 PM

Well bros,... I got trapped by the banking ctrs,... when I first bought back in 2016, they kept rising, then wham,... they kept falling when the RCI thing started. I've even averaged down once, but when they fell further,.. I then stopped and decided to wait it out.

I've decided to treat my banking ctrs as perpetual securities now,... continued to reap my twice yearly dividends. Another unfortunate thing is the dpu amt per share for NAB and BOQ started dropping too this year,... don't know how fr will they drop,...

My MYS gave the same amount as last year, though...

Nothing much I could do except to wait it out. Thinking along this line,.. where else can we earn high-7 to 8-plus percent of yield for the Aussie Dollar ? Definitely not in their Term Deposits today.

If I do not dispose my banking ctrs, I wouldn't realise the losses, right ? So, I just treat them as my perpetual shares.

My REITs are doing fine,.. CMA..

My early-learning centre trusts are doing well too,.... ARF...

any reits u hv shortlisted before?

https://www.reitnotes.com/list-of-public-re.../reit-name/DESC

https://www.theguardian.com/australia-news/...rty-experts-say


looks like property maybe at bottom already. Buy some and keep for the upcycle?

Stockland (SGP.AX)
div seem high for this.

What are the dividend rates you guys get after 30% tax?

REITs in my radar : CMA, CIP, ARF, CQE.

If,..truly, the housing mkt has BOTTOMed,... look at the banks, the mortgage-brokers and the valuation companies - the Big 4 banks and the regional banks, MOC, LMW, AVJ and VLW,...

Edited by adding the below :-

Sis,... please bear in mind that whatever you receive as your dividend payout would be less by 10% when you receive the amount in your SCB acct compared to published rates that you see in the news and disclosures. You would have received dividend payouts previously - am I right in my calculations ?

This post has been edited by Hansel: May 27 2019, 02:04 PM

Dividend tax still 30%?

for BOQ
https://www.sharedividends.com.au/boq+dividend+history/

01-05-2019 02-05-2019 22-05-2019 $0.34 100.00% $0.14571 $0.48571 $9.13 5.95% -3.37% 34C FRANKED @30%; DR P

i received on 24 may 19 - 0.34 per unit

i bought my BOQ in 20 Feb 19 at 8.80. if next div is still .34.. i guess o.k la

for NAB
08-11-2018 09-11-2018 14-12-2018 $0.99 100.00% $0.42429 $1.41429 $24.93 11.35% -12.30% 99C FR@ 30%; DRP; BS P NIL DISCOUNT

I received on 10 jul 18 and 17 dec 18 - 0.99 per unit
this one now showing paper loss . bought 4 may 2018 at $29
at .99 x 2 times.. = 1.98. will just collect and wait it out.

u saying dividend payout less 10% from which price?

From your AU REITs,... what REITs have you received dividend from now ? How much did you receive in cts per unit, sis ?

do not have any AU REIT... now only looking and shortlisting.

so, u mean if reit will hv 10% deduction?


left 5 counters with ASX

1. wbc
2. nab
3 boq

2 mining

cxo & PLS.

also from ALLIANCE MINERAL got some unlisted co. cannot remember name. Saw in Statment but not reflected in porfolio.

There will be a 10% tax on REIT dividends,...

The unlisted co from the corporate action done by Alliance Mineral is Cowan,... we are all still waiting fro this co to list...

A-reit is same as M-reit. They pay only 10% tax instead of the usual income tax (30% for AU, 24% for MY)

Both also require to pay 90% of earnings to qualify for the tax benefit.

Whereas for "normal" AU company, they pay their 30% tax, so there is a franking credit attributable to shareholders. For non-residents (like us), we cannot claim back the franking credit. So we effectively pay 30% tax for ASX shares. Wherea for A-reits, we pay only 10% tax.

So, for non-resident, it has more tax benefit to invest in A-reits compare to "normal" company.

But that is just theory. In practice, we compare the net returns. Eg a bank stock net dividend yield (ie. disregard the franking credit) may be 7%, while a A-reit net distribution (they don't call it dividend) may be only 5%. So, although there is tax advantage, but ultimately only the cash we receive in our bank counts.

Come to think about it, should Bill Shorten won the election, there might be a shift of portfolio from "normal" companies to A-reits. Because of loss of 30% franking credit by those people who qualify to claim back. A-reits will be more attractive and their price would have increased...

Wahh,....bro terror,...