Hi all,
First time posting.
I am looking for a bit of advice regarding what would be the best move regarding my holdings. I want to concentrate on investing for future financial freedom.
I'm 36 years old Car is paid off, no credit cards or personal loans. Just got married and the wife also works full time. So looking to really budget and allocate some for saving for a house deposit and the rest in shares with a more long term outlook.
I have 3 single company stocks with the ASX over the years.
1.) Suncorp Limited (SUN)since 2014. Started with $600 got it around the trading price it currently is (approx $12.40). It always goes up $2-3 or so then drops. I have the dividends reinvested DRP.
Sold a few of the stocks last year when the price was higher to help me when I needed the last bit of extra cash for wedding stuff. Currently, it's $515 worth.
2.) Accent Group Limited (AX1) Got this when it was formerly RCG, this has performed well. It used to be about $1 when I got $600 worth around late 2016, this company has no DRP but they pay twice a year dividends into bank account.
Holding grown to $1432
3.) Telstra TLS got this about late 2017 $600 worth, I got this because I got reading about dividend stocks at that time and made a bit of impulse buy. I just reinvest the dividends in DRP.
has grown to $1055 worth
After doing a bit of reading on different sites and looking at things such as Aussie firebug etc.
I see a lot of people praising ETFs such as vanguard VAS, beta shares A200 and also the more aggressive one VDGH.
Would it be wise for me to sell one or 2 of my current holdings,
reinvest those into the 2 ETF's such as VAS/Betashares and another one like VDGH
Then just keep topping them up with a portion of our incomes into these every quarter or so?
I currently signed up with self wealth broker due to the really great brokerage fee.
Any advice is much appreciated.
Cheers.
Hi all,
First time posting.
I am looking for a bit of advice regarding what would be the best move regarding my holdings. I want to concentrate on investing for future financial freedom.
I'm 36 years old Car is paid off, no credit cards or personal loans. Just got married and the wife also works full time. So looking to really budget and allocate some for saving for a house deposit and the rest in shares with a more long term outlook.
I have 3 single company stocks with the ASX over the years.
1.) Suncorp Limited (SUN)since 2014. Started with $600 got it around the trading price it currently is (approx $12.40). It always goes up $2-3 or so then drops. I have the dividends reinvested DRP.
Sold a few of the stocks last year when the price was higher to help me when I needed the last bit of extra cash for wedding stuff. Currently, it's $515 worth.
2.) Accent Group Limited (AX1) Got this when it was formerly RCG, this has performed well. It used to be about $1 when I got $600 worth around late 2016, this company has no DRP but they pay twice a year dividends into bank account.
Holding grown to $1432
3.) Telstra TLS got this about late 2017 $600 worth, I got this because I got reading about dividend stocks at that time and made a bit of impulse buy. I just reinvest the dividends in DRP.
has grown to $1055 worth
After doing a bit of reading on different sites and looking at things such as Aussie firebug etc.
I see a lot of people praising ETFs such as vanguard VAS, beta shares A200 and also the more aggressive one VDGH.
Would it be wise for me to sell one or 2 of my current holdings,
reinvest those into the 2 ETF's such as VAS/Betashares and another one like VDGH
Then just keep topping them up with a portion of our incomes into these every quarter or so?
I currently signed up with self wealth broker due to the really great brokerage fee.
Any advice is much appreciated.
Cheers.
Welcome to the forum. Good words from the members above so far.Hi all,
First time posting.
Hi Apar83,
When you are starting from a low capital base, the best thing you can do to increase your wealth if increase your weekly savings.
Focus on savings, for example if you can live off one income and save 100% (or at least 50%) of either yours of your wife's wage you will be able to grow your savings very rapidly.
Once you have you have your savings accumulating, then the next step is to put it to work in ways it will be protected from inflation and generate income that can be reinvested and create a compound growth explosion.
To achieve the inflation protection, and income you can invest it in a range of assets including Real estate and businesses, and there are many ways to do this, but the right choice for you will depend on your skill level and the amount of time you want to spend managing it.
For most people exposure to a local and global index of shares and ownership of their own home, and will provide decent returns over time with minimal fuss.
I would avoid any complex investment schemes unless you fully understand it, and can explain to your self how the scheme makes money.
After doing a bit of reading on different sites and looking at things such as Aussie firebug etc.
I see a lot of people praising ETFs such as vanguard VAS, beta shares A200 and also the more aggressive one VDGH.
Would it be wise for me to sell one or 2 of my current holdings,
reinvest those into the 2 ETF's such as VAS/Betashares and another one like VDGH
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?