DFC Target Allocation

For JUN23, our DFC is about 10K. ASX traded higher, so we’ve capitalized mostly on the MR through NCG. We’ve also taken advantage of crystallizing our losses as the prices traded mainly on their premium. The EFI account has technically reset itself and can now focus on our yearend Target allocations.

For this year, we’ll be focusing more on trading much less to lower the trading commissions and will focus on trading with higher lump sums and focus on accumulation and continue to build our dividend portfolio. The allocation will be Income of 100K and Income ETFs of 100K. Target DFC will be 6.5%. If done correctly, our DFC should be closer to 13K, fully invested of 200K.

Depending on how the market plays out, as well as the mortgage interest rate, our target in the ING Offset Acct will be at 150K. At the current mortgage interest rate of 6.29%, that’s about 9.5K in interest cost savings annualized. We’ll set 15K of extra contributions to pay off the mortgage from the ING Offset Acct over 10 years to target fully paying off our mortgage by half the mortgage loan duration.