Hello all, just wanted to say hi and I hope to be an active member of this forum..looks like lots of great info and knowledge abounds here!
My situation at present is:
I have had $150k in an MLC managed fund (conservative portfolio "Horizon 3"...see pie chart attached) for a while now as I was told it would be a safe place until I was ready to move onto bigger and better things.
Did well for a while...then GFC...weathered it not too badly...but still about 15% away from my starting point Jan 07).
I want to get this money working harder for me, I get the feeling I can do better than this managed fund and hopefully make myself some decent pocket money to wean me away from working for the man...
I suppose what I'm wanting to do is trade for a living eventually. I'm finding the stockmarket more and more interesting the more I discover, and am ready to jump in and learn as much as I can to make it work for me, perhaps even move to part-time employment to facilitate this..? But I want to be realistic about it too.
So, some questions:
Assuming I can grasp the basics and get to the point where I have a good understanding of how it all works, is $150k a decent starting figure to potentially generate a humble annual income for me? Say around $40k?
What is the safest place to start for a beginner...is it just plain old share trading?
Am I better off starting up through a broker or just jumping in with an online account and testing the water?
Cheers for any info in advance and apologies for the naive nature of my first post!