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Thread: Does anyone invest here?

  1. #226
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    Re: Does anyone invest here?

    Here's a tip from somebody who spent 5 years studying finance/economics and owns a business. Just invest in Vanguard index funds. Cheapest way to achieve diversification. Be humble.

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    Re: Does anyone invest here?

    Quote Originally Posted by yoyo1987 View Post
    Here's a tip from somebody who spent 5 years studying finance/economics and owns a business. Just invest in Vanguard index funds. Cheapest way to achieve diversification. Be humble.
    Not when ur like 18

    Too safe

    Maybe do it at 25

    Not too much of a diversification unless u buy more than one. (vgs/vas)

    But I agree it's a good set and forget

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    Re: Does anyone invest here?

    Quote Originally Posted by si2136 View Post
    Not when ur like 18

    Too safe

    Maybe do it at 25

    Not too much of a diversification unless u buy more than one. (vgs/vas)

    But I agree it's a good set and forget
    Index funds tracking equity arent a "safe bet" by any measure even. Compared to other asset classes it's definitely not in the safe pile no matter what age.

    I would argue that it's better earlier actually (e.g. 18 year old), who by virtue would have little experience in stocks, and putting it in an index fund is a great first step to tredding the giant oceans of equities and getting your hands dirty.

    Edit: Also i don't know about you but VGS is literally the only ETF you would need to buy if you want diversification alone, VAS would contribute little to that, your comment shows lack of knowledge about ETFs in general.
    Last edited by Chronost; 11 May 2018 at 3:04 AM.

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    Re: Does anyone invest here?

    Quote Originally Posted by Chronost View Post
    Index funds tracking equity arent a "safe bet" by any measure even. Compared to other asset classes it's definitely not in the safe pile no matter what age.

    I would argue that it's better earlier actually (e.g. 18 year old), who by virtue would have little experience in stocks, and putting it in an index fund is a great first step to tredding the giant oceans of equities and getting your hands dirty.

    Edit: Also i don't know about you but VGS is literally the only ETF you would need to buy if you want diversification alone, VAS would contribute little to that, your comment shows lack of knowledge about ETFs in general.
    I would prefer to have a mix of vgs and vas, considering it touches both the international and Australian market. Having a large exposure to the australian market isn't too bad, considering it has a strong financial and mining sector.

    But up to you I guess. I have them both so I'll see how I go nevertheless in 5 years

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    Re: Does anyone invest here?

    Update: Actually went for a diversified vanguard fund instead, better MER is lower than a two fund or three fund portfolio. Going to aim for internal exposure, but have enough dividend profits for DRP.

    Luckily I sold my BTC before ATO started to implement crypto regulation, sucks for the people having thousands of lost transactions, esp when converting cryptos is also a CGT event. Well, most people wouldn't necessarily be 'affected' since there's a $10000 tax exemption

    Market for Australia isn't doing too bad, Asx 10 year high. But I believe top 20 are overvalued, I think there may be a correction soon.

    None of this is financial advice as always.

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