Issue 3: Growth and income investing in your SMSF – one or the other or both?

September 2019

Hello again and welcome to the third of our SMSF Connect Investment Series.

I trust you are finding these to be of interest and I hope the discussions around cash flow and our most recent Cash- how much is enough in your SMSF to be useful.

One of the most common requests received when I was involved in running education sessions at ASX was around investing for growth and/or income. These are some thoughts and my ideas that I recall from those sessions.

The conventional wisdom was once that these were somewhat exclusive with those having a longer investment timeframe investing for growth and those moving towards, close to or in retirement and drawing a pension from a SMSF needing to be invested for income. Let’s see if there is room for both at the same time.

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Ian Irvine – Guest Contributor

Ian has been a keen investor for over 40 years and can draw on his experiences from both investing on his own behalf and also having worked in financial services for more than 30 years. Over this time, he has seen many changes that impact investors’ attitudes to in what and how they invest.

He started his career in what is now referred to as fast moving consumer goods (FMCG) or grocery, working for an Australian margarine manufacturer. In 1986, he was recruited to Westpac around the time of deregulation of the sector, where he spent 10 years before taking a role at AMP and then with ASX for 14 years up to the end of 2017. He continues to be involved with ASX; working on their educational programs.

In 1996, he and his wife established their own SMSF and again the experience and lessons learned regarding managing an SMSF over the years have provided him with many insights and ideas. He enjoys sharing these with others where these are helpful and always suggest that if an investor or SMSF trustee is unsure, that they should seek appropriate advice from a licenced professional.

Ian holds a B. Com (UNSW), and lives in Sydney and enjoys travelling to and meeting investors and SMSF trustee at the educational events with which he has involvement with from time to time.