My share portfolio in my fund is $600,000 and they are all Australian shares. Some are good and some aren't so good . Who can I get to advise me on what to sell and what to hold and what would the cost be for this service?
Robert from Coffs Harbour
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You can obtain stock specific advice from a financial planner (direct shares authorised) & / or a stock broker on specific stock selection and overall portfolio design. Fees will vary from business to business and may range from a fixed dollar fee for overall advice to a percentage-based fee per share trade. If you are seeking ongoing advice, fees maybe as a percentage basis of your overall portfolio value for ongoing share advice. It will pay to shop around and obtain quotes for this service. Alternatively, you can sign up to research providers such as Morningstar, LonSec & Bell Potter to obtain research on specific shares and their opinions as to what is overvalued (sell), undervalued (buy) or accurately valued (hold).
I would advise you to seek a financial planner who is able to advise on your portfolio whilst also considering your personal circumstances. This will allow you to not only obtain advice on what to buy, sell or hold, but also help design the portfolio to meet your income needs, time frame, risk profile and take advantage of your person taxation position regarding timing of buying and selling shares for capital gains & income tax purposes.
Finally, it is an advantage for Australian tax residents to hold Australian shares for dividends, franking credits (if not removed) & capital gains tax, however diversification will help provide you with reduced volatility (risk) & potentially obtain greater long-term growth. The Australian stock market is weighted heavily towards financials and materials. Consider diversifying your portfolio outside Australia to help obtain exposure sectors which are less represented on the Australian stock market such as technology (e.g. Apple), healthcare (e.g. Pfizer) and international property.
While the Adviser Ratings Website facilitates the question and answer functionality, all such communications are between users and authorised financial advisers, of which Adviser Ratings has no affiliation. Adviser Ratings is not the advice provider and does not provide financial product advice and only provides information that is general in nature.