After some disappointments with different financial advisers, I am now on the way of “self-taught” investor.
At the beginning of March this year, I bought my first shares.
As I am a debutant, my starting fund was set to 5000$. I followed ASX share game and opened an online trading account with 15$ trading fee.
My strategy is mainly “buy & hold” until I really need that money or until my retirement (20 to 25 years to go).
I receive about 1000$ every 9 months from one of my savings. So I am planning to buy more shares with that money while I am still learning.
Below are my first shares.
My choices were made from Top ASX 100. At lease I know what they are doing to make money. Also, I did some researches and these researches were combined with my gut feeling as well.
1. Wesfarmers (wes) – total about 1200$
2. Vangaurd High Yield EFT (vhy) – about 1600$
3. Crown (cwn) – about 500$
4. ANZ (anz) – about 1200$
5. Santos (sto) –about 500$
Since, I even received 20$ dividend (Yeeeeeah~~) from VHY & CWN.
On the paper, I recovered all the trading fees and unrealised profit is about 50$ (which will be consumed by trading fees if I sell them now).
As I am doing this all by myself, some feedback from experts will be appreciated. I’d like to know if I am doing ok, or doing something obviously stupid.
Also, I am not sure about Capital gain tax. I now have DRP in place for WES,STO and VHY but each dividend will be only a small amount. Does this mean nightmares for CGT later?