How relevant is US based investment advice for an Australian?

[Mek88]

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!

 

[Greenscreen]

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!

A main risk would be currency risk. It's such an unknown over a a lengthy period of time as to direction of currencies.

PS if you need a friend.....

 

[Mek88]

A main risk would be currency risk. It's such an unknown over a a lengthy period of time as to direction of currencies.

PS if you need a friend.....

Haha, maybe if I don't lose it all in the next few months!

One big thing that has me worried about investing in foreign markets is how tax works. If I had to fill out tax every year for China, Brazil, India, the US, and then Australia I think I'd go mad.

 

[CanOz]

Plunk it down in a term deposit while you do some research...then take your time and educate yourself in the markets....

Good luck and Merry Christmas!

CanOz