Hi Everyone
Thought I would open up an interesting thread on whether people would recommend dumping 10K into my super now or 10K into a stock with a dividend and what the possible advantages/disadvantages would be.
Currently im 33 years old with a dismal super balance of $50K. Would Like to crack the 1 million mark for super at retirement which I cant see me achieving more like $450K being optimistic. By the time I retire I will own an IP worth $450K in todays dollars and my PPOR which is also worth 450K in todays dollars.
What would everyone do im thinking if I pick a good stock that goes up over 40 years + the added advantage of dividends for 40 + years im assuming the stock will eventually pay for itself and I can reap the rewards in retirement.
Im just at that age now where my financial future is so damn important before I hit age 30 I didn't care whatsoever although I always thought about super and made extra contributions etc. Apart from that though I had no interest in my future im glad im knuckling down now though....
Hoping for an interesting discussion here
Thought I would open up an interesting thread on whether people would recommend dumping 10K into my super now or 10K into a stock with a dividend and what the possible advantages/disadvantages would be.
Currently im 33 years old with a dismal super balance of $50K. Would Like to crack the 1 million mark for super at retirement which I cant see me achieving more like $450K being optimistic. By the time I retire I will own an IP worth $450K in todays dollars and my PPOR which is also worth 450K in todays dollars.
What would everyone do im thinking if I pick a good stock that goes up over 40 years + the added advantage of dividends for 40 + years im assuming the stock will eventually pay for itself and I can reap the rewards in retirement.
Im just at that age now where my financial future is so damn important before I hit age 30 I didn't care whatsoever although I always thought about super and made extra contributions etc. Apart from that though I had no interest in my future im glad im knuckling down now though....
Hoping for an interesting discussion here