Money magazine Comments - Ask Paul: My nephew is about to inherit $170k Kylie's 21-year-old nephew is about to inherit $170,000. What should he do with the money - after buying a car? https://www.moneymag.com.au/feed/latest?story=179798635 Wed, 01 Mar 2023 18:40:30 +1100 Wed, 01 Mar 2023 18:40:30 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Ask Paul: My nephew is about to inherit $170k https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by David Close ()

I am interested in Paul's reasons for recommending an ETF rather than an LIC - although I am not saying I would not do the same. Many LICs are at a significant discount to NTA, usually maintain a cash holding, useful in times of economic uncertainty, smooth out dividends and provide franking credits.

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]]> David Close () Wed, 01 Mar 2023 18:40:30 +1100