Hi Ozbargainers,
I was a longtime Barefoot Blueprint member before it wound up but annoyingly did not save the monthly reports and now no longer have access to them.
I’m looking to start a portfolio for my son and was wondering if any ex Blueprinters might be in this group who has a copy of this that they could DM me?
thank you!
Everytime
So many people are after this! Shame they shut down the way they did.
50/50 split into IWLD and IHWL
This is the reason he killed the blueprint, because he realised he needed to take his own advice.
Barefoot's The Idiot Grandson Portfolio, There were 10 finalists, which were narrowed down to 3.
VAS - 75%
VEU - 15%
VTS - 10%
Although, the portfolio plan stated there was minimal difference between the 10 funds and it came down to personal preference.
For this reason, it’s more useful to know the 10 finalists, rather than the 3 place getters.
The top 6 Australian index funds, as according to the Barefoot Investor:
AFI: Australian Foundation Investment Company
ARG: Argo Investments
AUI: Australian United Investment Company
DUI: Diversified United Investment Company
MLT: Milton Corporation
VAS: Vanguard Australian Share Fund ETF
And the top 4 international index funds:
VEU: Vanguard All-World ex US Shares Index ETF
VGAD: Vanguard MSCI Index International Shares (Hedged) ETF
VGS: Vanguard MSCI Index International Shares ETF
VTS: Vanguard US Total Market Shares Index ETF
In one of his beers with barefoot this year or late last year I think he dropped an asterisk on AFIC as they changed management and also strategy for the first time in decades to which is now a wait and see approach but he is more on the negative as they are moving to a speculative sense. I still watch with interest but there has been core changes which could impact its dividends in the future
I hope people didnt really pay money for this 'non advice' - buy some old school LICs and Vanguard Index funds. Its simple and easy and the best advice for people who really have no idea what they are doing, or even for those that do. Google 'Peter Thornhill' who was providing this info way before the BFI, and doesnt have the marketing crap to go with the information.
How much do you need to invest for an idiot grandson?
At least one grandson
Invest in his education and health my man. Have a fund or whatever help pay for good schools and higher education and offer lifelong private health insurance, because you never know who the state health system will screw over next.
The options seem trivial and dangerous. COVID-19 has shown how dangerous it is to buy and hold passive investments. Best put it into a good industry super fund, keep in your name and name him beneficiary at death. Maybe more kids? Have used a few and host plus lets you dynamically adjust asset allocations using their managers or ETFs or shares etc. read up on investing and trading and learn how to do it. Yourself. Otherwise, your returns will be sub-par after fees and taxes. Set up a trust if needed. many other things you need to learn to grow your nest egg and then leave a legacy. the future is very risky now. covid will determine the new normal. new tech economies will destroy indutries and investing myths, which sell side analysts are too convicted to overcome. not professional advice, just a layamn's opinion without prejudice.
I'd never trust the advice of a guy who cant afford to buy shoes.