As I mentioned in
the monthly report we did a big asset reallocation recently.You can see the step down in the allocation to large cap Australian shares to about 35% in the graph above (this is gross assets rather than net worth). We increased the allocation to all other asset classes. Also on the graph you can see various phases in our recent financial history - the financial crisis and the recovery from it; saving up the cash for a house downpayment; buying the house; saving up cash in our offset account to pay off the mortgage. This month our mortgage interest is down to $1,217. In the first month after we moved in it was $2,189.... The plan when we pay off the mortgage is to redraw it for reinvestment making the interest tax deductible.
I didn't include our house in the graph. If I did, it would be about 25% of gross assets.
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