Hi all. Another newcomer here to shares investing. I have been torturing my eyes the past few days with the amount of reading on shares and the stock market. I had no idea or anything about the stock market or shares a week ago but have gained a little knowledge with helpful sites such as the asx.
I would like to invest $4000 out of my portfolio to start investing in shares. I read a lot about what exactly is it I want to achieve ie: income, growth etc. I am not really sure how to answer that. I just want to grow my portfolio basically and to buy my first home one day so I guess that's what my goal really is.
I have everything set up to start trading online. I have been doing a bit of practice with the asx online trading game and have done ok apart from one stock.
Im still scratching my head as im cautious in putting my feet into deep water. I'd like to spread the $4000 in a few shares but I also would like to invest in an ETF as well since I hear so much about them. The problem im confused about in regards to ETF's is there is quite a few? Which one is worth buying at the moment? S&P 200? S&P 20? S&P 50? Iv'e tried to gather information which is the more recommended but cannot find any information on this.
Also I have a relative who is a low income receiver of a government pension. They would like to invest as well. But how does that work for them? Would they have to pay any capital gains tax on any shares that make a profit? Or is there a threshold before CGT comes into effect? I thank you for reading my post and queries and look forward to your thoughtful replies.