This is my very first post on this site and so glad that I have found it as well.
I am 28 from Melbourne and we have almost paid off our first home, Rather than paying off the home I would like to invest in shares to create an extra income, Our short term goal is to achieve a 4K per year income from shares where the money would be used for extra cash flow to invest. Our yearly repayments for our home loan is 4K so this would be a good first goal.
I need some sort of direction or help to achieve this goal:
1) If we have 1K to 3K in spare cash per month, how much would you invest in the share market on a monthly basis to achieve our goal?
2) I have been trading for the last two years and have done well, but what I have been doing is this, once i make / saved 10K from shares i would use this money to pay our home loan. Would you continue this strategy or would you do it a different way.
3) The ASX market is a great but i understand that the market has so much money invested from SUPER and because so many people have so called experts handling their super do you think that this has pushed prices above what they should really be? Also when things turn bad they seem to just sell all of their shares which in turn drag the market down too.
4) How has the share market improved your life?