Many people smarter than I thoroughly recommend passively managed index funds for new investors with minimal capital.
The gist is that the fund manager essential mimics the index with minimal fees to the investor.
Why this is +ev is because indexes, in the long term, have proven to outperform the majority of funds under management (do you agree?). The way I see it - the people (i.e. Standard and Poors), put in the hard yards diversifying a portfolio for the fund manager.
I don't have the capital to justify the transaction costs of trying to mimic an index myself, nor the time (thanks to full time work + masters!), so I'm looking to a passively management index funds.
1. What are my options in terms of passively managed index funds, their past performance, and a comparison of feeds. My searches have come up unsuccessful in finding a list.
2. What are the key australian index's, and sources of past performance?
3. As an Australian full time worker, are there implications in investing in Australian funds as opposed to O/S funds?
Any help would be greatly appreciated.