Hi guys, I'm after feedback, pitfalls, and opinions on my long term investment plans.
I'm 28 years old, stable job, HECS debt of 50k, about 50k to invest, defacto relationship, about 30k in superannuation with QSuper in their diversified index option.
My plan is as follows:
1. HECS to be paid off with no voluntary repayments, only compulsory, due to no interest and only CPI adjusted.
2. Current investing cash to be put into Vanguard Lifestrategy High Growth Index Fund.
3. BPay input into Vanguard on fortnightly basis when paid - cost averaging strategy
4. Salary sacrificing into super as much as possible. Aim to max this to the 25k limit as raises allow.
5. Investment properties to be bought by my partner, in her name. Reason for this is my job puts me at risk of being sued everyday, and I'd rather she held the property, and I held the liquid investments.
6. Partner also contributing to super, with increasing amounts to maximum with raises.
It's a pretty cautious plan, and simple, which I like.
I've read 'common sense on mutual funds' - Bogle, 'The 4 pillars of investing' - Bernstein, and am sold on the low cost index fund and feel the diversified Lifestrategy option gives me exposure to lots of products in and out of Australia in a tax friendly manner seeing as about 60% franking of dividends is the norm.
Looking forward to any feedback from the experienced guys here,
Cheers in advance,