Hello all! I've just recently turned 18, and I've been thinking a lot about my future recently, more so investing in my future. I really want to start investing so that I have something to fall back on in the long term if things don't look to great in the distant future.
I've read a bit here and there about how different investing strategies work to find what would suit me personally, and I think I've decided on going with a direct purchase plan with a company such as Telstra or ANZ. What I really want is to trade off a little of the security you would have with simply leaving your money in a high interest savings account for a little extra movement for my dollar. I'm all about seizing opportunities but because I'm relatively new to investing, I wanted to start out small.
With little to none in terms of capital, I thought DPP's would be worth a go considering the low minimum purchases seen with most companies, and the fact that some also offer free transfers meaning no fees when buying shares in their company. I think these two factors together would be great in helping someone my age as any profit I do make won't be necessarily wiped clean because of fees needing to be payed.
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As I want to go about this the right way, I thought it would be a good idea to ask here first before investing my money. Thanks in advance for any replies.
I've read a bit here and there about how different investing strategies work to find what would suit me personally, and I think I've decided on going with a direct purchase plan with a company such as Telstra or ANZ. What I really want is to trade off a little of the security you would have with simply leaving your money in a high interest savings account for a little extra movement for my dollar. I'm all about seizing opportunities but because I'm relatively new to investing, I wanted to start out small.
With little to none in terms of capital, I thought DPP's would be worth a go considering the low minimum purchases seen with most companies, and the fact that some also offer free transfers meaning no fees when buying shares in their company. I think these two factors together would be great in helping someone my age as any profit I do make won't be necessarily wiped clean because of fees needing to be payed.
--
As I want to go about this the right way, I thought it would be a good idea to ask here first before investing my money. Thanks in advance for any replies.