Luk, after mich reading and many hours smashing through LIC information I reckon I have come up with a strategy that I'm comfortable with and going to stick with. It's very basic but Ive figured out that basic is best for me. Im not a stock picker and to be honest, Ive only learnt what a franking credit is, haha. That alone tells me that basic Is best for me for the time being. Many tedious hours spent weighing up the pros and cons of various suggestions and approaches, plus running my projected target numbers and I think I've fleshed out an approach for me. Perhaps I should blog about my journey and add in some good ol fashioned humour in there. To everyone that's commented on this thread, massive thumbs up. You have definitely opened up my eyes to new knowledge and approaches! Great community. Luk, I'm glad I'm not the only one who has had .... success .... in Europe, haha.
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