MUZICH INVESTMENT PLAN

For superannuation fund, i will select a collection of shares and listed property funds with main focus on income (especially fully franked - and maybe a touch of capital growth) with shares using value principal and maybe one or two speccies thrown in the mix.

Currently, (Oct 2003) the Australian share market is valued high with the main indicators the All Ords and the SP 200 at their historic highs. Thus my main objective is to try and buy shares whose PE is not high so I may have to wait for a world wide calamity to occur before jumping into the buying....I am fortunate though that the Australian market follows the US so closely that on those days or weeks when the US is falling there will be a herd mentality in Oz where we will duly follow and this will give me some predictable opportunities.

SO here we go,

I have $100,000.00

My first port of call is one of the better property trusts...like the

ING Office Trust

price= $1.14

market cap= $990 m

dps 2004= 10.6

yield= 9.0

so, $10,000.00 gets me 8772 shares (units) in this trust with a yearly dividend of $930.00 which quarterly is $232.00. There are no franking credits.....damn!

and, a couple of companies that i like as sort of slow growth and income are

Record Investments

ION Limited

WEEK BEGINNING 27/10/03
Well, last week saw a fall in the All ORDS which followed the S&P500 like a faithful puppy. But with no major calamities, i can only see the levels stay the same or go up.
They say the OZ$ is doing well going up, but companies that do business involving exchange rates will feel affected. No matter what locals say, we are still a land-based $ worth, which means our dollar is valued on the agri, livestock and mining strengths. We will never be high tech as this industry lacks fostering by gov't and capital players. All our brains have been taken by o'seas.

I am still in a quandry about which infrastructure companies provide the best go ahead.
Hills Motorway (HLY) - operates the M2 freeway which is the major link from the Pacific Hwy to Sydney's NW suburbs. Management rights go for a further 37 years, traffic volume has been inconsistent. Electronic tolling has added efficiency gains with E lanes adding peak traffic flow.
Macquarie Airports (MAP) -