Rabodirect Investment accounts..2 or more.

[makko]

Hi,
At the moment I have some money invested in some of the rabodirect funds. I will be aqquiring another lump sum to invest in these funds also but I want to keep it seperate. How should I do this? Is it possible to have 2 investment accounts. I want to do this because in the future if I want to seperate the 2 lumps along with the profit it would be very messy..Has anyone else ever came across my situation?

 

[bstop]

It is possible. I have 3 investment accounts all related to the same Rabo savings account.

 

[messyleo]

does this mean that each investment account is classified as one umbrella fund for tax purposes, or are we still in this annoying situation where each actual fund must be assessed separately for tax e.g. unlike quinn life etc.?

 

[BRICKTOP]

does this mean that each investment account is classified as one umbrella fund for tax purposes, or are we still in this annoying situation where each actual fund must be assessed separately for tax e.g. unlike quinn life etc.?

No. Umbrella funds are a legal structure.