Hey guys, new investor here!
I'm a 25 yo. recent PhD graduate who recently inherited a large sum of money (+$250 000 Aus). The first thing I bough was a book called "A random walk on Wall street" which many sources on the internet recommended, and so far I've found very helpful. However, a lot of the advice is fairly US centric, so I'm just curious how applicable the advice is for an Australian?
Are there any negatives for investing in the US market over the ASX? Budding economies such as China, India and Brazil still acceptable (though risky) investments? Are REITs all the author cracks them up to be? Any other Aus based advice? I'll admit that finance/taxes has never been my strongest suit, so I'm aiming for a "set and forget" style of approach with periodic rebalancing and reinvestment, and little to no day trading. No dependents so I'm comfortable with reasonable risk levels.
Sorry for the long post, I know these questions must be dime-a-dozen, but knowing what is relevant can be challenging (and especially since I'm dealing with a reasonable amount of money, a small mistake may end up having a sizable impact).
Looking forward to getting involved in the community!
I'm a 25 yo. recent PhD graduate who recently inherited a large sum of money (+$250 000 Aus). The first thing I bough was a book called "A random walk on Wall street" which many sources on the internet recommended, and so far I've found very helpful. However, a lot of the advice is fairly US centric, so I'm just curious how applicable the advice is for an Australian?
Are there any negatives for investing in the US market over the ASX? Budding economies such as China, India and Brazil still acceptable (though risky) investments? Are REITs all the author cracks them up to be? Any other Aus based advice? I'll admit that finance/taxes has never been my strongest suit, so I'm aiming for a "set and forget" style of approach with periodic rebalancing and reinvestment, and little to no day trading. No dependents so I'm comfortable with reasonable risk levels.
Sorry for the long post, I know these questions must be dime-a-dozen, but knowing what is relevant can be challenging (and especially since I'm dealing with a reasonable amount of money, a small mistake may end up having a sizable impact).
Looking forward to getting involved in the community!