Last time house2015 raised this question, lots of experienced and new investors raised a great discussion.
I am currently looking to invest $9999 in ASX listed shares. Investing frame is 7 years from today.
$3333 each
Here are my own top picks:
APX
Z1P
BLD
What’s yours?
Please remember: investment term is no lesser than 7 years
Cheapest brokerage is SelfWealth at $9.50 (can only trade Australian shares)
Macrovue has $15 brokerage, and you can trade international shares
$9999
one dollar less than austrac
.. rather interesting choice of deposit.
Maybe invest in Bike related companies to keep it in the family…. wink wink
Vdhg/vdgr
Vge
Vas
(Yes there's overlap here. Could pick other company alternatives,these were just the easier ones to remember the codes for)
RGI
BDA
WMI
NAB
Definitely should be there.
I think they’re quite underpriced after the royal commission fallout
As well as around 11% divs with franking. And a long way to rise to previous highs.
Funny I own carploads of this so probably just trying to boost the price.
Also Westpac is next best in my books.
I wouldn't I'd put it into an index fund where I owned the fund so there's no incentive to levy fees.
The Australian Government steals 12% of what every single worker earns while it dribbles crap about not being able to fund retirements. The reason we know it's crap is the Government allows private, for profit banks and superannuation funds to recieve the stolen money and charge an average of 1% fees.
One percent fees is about $15,000 to the banks over 30 years. And thanks to the magic of compounding wealth that the bank has stolen the victim of superannuation has an average of $600,000 compared to $1.5 million over 30 years if no fees were levied. In other words, they lost $900,000 of supposedly desperatly needed retirement so the banks could earn $15,000.
Good deal for Australian's eh.
You cannot retire on $600,000. You can just retire on 1.5 million.
Furthermore if every workers superannuation was in one fund arranged like an index fund that would return maximum amount of wealth to Australians - but the Australian Government is about enriching banks at your expense which is why superannuation plainly exists or the Government would not allow 1 percent fees, it would have almost zero fees.
Anacott Steel
Safe, High dividend. -> Bank
Safe, High dividend. -> Bank
& Safe, High dividend. -> Bank
Sorry not good at playing with others.
Best not to invest at this time unless you can pick sonething that can grow rdgardless of the ecomic situation. I personally would hold off and try to pick the bottom if the intention is to hold on to the stock in the medium/long term.
My three:
CSL
REA
MFG OR RMD
So, what's the cheapest platform to start with?