September 13, 2024

Luke on 2CC – Are converting preference shares or hybrid shares part of your investment portfolio?

18 minutes

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 6 September 2024. The topic this week is Converting Preference Shares and your investment portfolio. While most of us have heard about shares, we might not have heard about Converting Preference Shares. This episode aims to provide some general financial information about this type of investment and how and when it might be used. Thank you for joining us live on 2CC or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.

Key topics covered include:

Whare are converting preference shares or hybrid shares?

Why are they useful for retirees?

How long do these shares last for?

How are the rates determined?

How liquid are these kind of shares?

How risky are converting preference shares to cash, term deposits or just normal shares?

Can you purchase these shares through an Exchange Traded Fund?

Does your super fund or pension fund have these on their investment menu?

Investors can also hold these outside of super and pension accounts too.

Why is it important you understand how they work given the complexity of how they work.

So are they more like a share or more like a fixed interest?

Luke shares his top tips to help you start thinking about converting preference shares.

https://www.envisionfinancial.com.au/wp-content/uploads/2024/09/The-Strategy-Stacker-Luke-Talks-Money-06092024.mp3

This podcast is also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Do you need help with gifting as part of your retirement planning?

Have you heard of converting preference shares or hybrid shares? Perhaps they could be suitable for your investment or retirement portfolio. Make an appointment to seek financial planning advice if you need help.

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement. Simply make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.

Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.

We look forward to your company again and Luke’s book Smart Money Strategy is out now.

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By Luke Smith