Reading up on this information to determine your best fit is probably the best option. We have AFIC which consists of different companies (the largest ones in Australia) but we are also not concerned about the share price as it is a long term investment, and reinvest the dividends. It works for us.
Shares go up, shares go down, so don’t limit yourself to one company. Buy an Index Fund, which is basically a share that reflects the whole Australian share market. So you are not as exposed if one company’s value goes down, as you are really buying into hundreds of stocks.
Warren Buffett, one of the best investors of all time, bet that investing in Index Funds would beat the profits made by the portfolios put together by the best stockbrokers over a 10 year period AND cost far less in fees to do so. He won the bet. That’s good enough for me, I have been buying Index Funds ever since.
We use a managed fund which is great when you don’t have time to study the market. Just research the fees and their successes before you sign up to anything.
We are starting down this journey soon. Really great question. Definitely read barefoot and make sure to invest money that you can live without for the long term. If you’re not savvy, definitely seek advice.
What’s best depends so much on so many different factors, that I really think you should talk to a financial advisor rather than take advice from laypeople like me.
We have a few Insurance Australia Group Ltd (NRMA), Woolworths Ltd, Wesfarmers Limited (Coles) and BT Australia, they go up and down but we are in it for the long haul!
I have started with ETF shares. I read about them for months before signing up with Commbanks platform. Super easy to use and am getting a decent return for a newbie.
Once I get a bit more confidence I will seek further advice
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mom476078 said
- 03 Apr 2021
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broo-rocky said
- 26 Feb 2021
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mom160421 said
- 30 Jan 2021
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becstalou said
- 16 Jan 2021
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ashna9 said
- 10 Jan 2021
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Newmumma87 said
- 10 Jan 2021
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mom93821 said
- 02 Jan 2021
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BellaB said
- 01 Jan 2021
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buggeritliz said
- 01 Jan 2021
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mom286587 said
- 01 Jan 2021
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mega16 said
- 01 Jan 2021
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mom265671 said
- 31 Dec 2020
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Amanda Holland said
- 31 Dec 2020
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mom93821 said
- 31 Dec 2020
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