Spotify
Apple Podcasts
YouTube MusicThis Bitesize comes from our Ask An Advisor series on Equity Mates Investing Podcast. We were joined by Jacob McCudden, and Bryce put to him the question: Where would you invest if you had $10 000 at your disposal? (Ummm must be nice!)
Join us for more Ask an Advisor here.
Listen to the full episode here:
Want more Equity Mates? Click here.
Also, our book is finally here! Don’t Stress, Just Invest is in all good bookshops, or you can order it now from Amazon or Booktopia.
*****
In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.
*****
Get Started Investing is a product of Equity Mates Media.
This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives.
Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.
Equity Mates Media operates under Australian Financial Services Licence 540697.
Get Started Investing is part of the Acast Creator Network.
Alec: [00:00:07] Welcome to Bitesize on Get Started Investing In this series we feature some of our favourite lessons, quotes and moments from the podcast. If you'd like to listen to the full episode, we've included the link in the show notes.
Bryce: [00:00:22] All right, so we encourage the equity markets community to send in questions as part of the as part of the Ask an Advisor series. As as we said at the top, advice is expensive. We're bringing the advisors straight to the community. So to kick it off. First question, how would you think about investing a just a $10,000 chunk of money?
Jacob: [00:00:39] Okay. And of course, everything I'm discussing is totally general. So it's not personal advice. Any way, shape or form. Probably need a bit more information than that. But just straight out of my head, if it was just 10,000 for something longer term and I didn't want to be actively involved with it at all, I would be going a broad based probably depending on the investment term. Likely higher growth index fund generally through an ETF would be the simplest way to access it.
Bryce: [00:01:05] And I guess the follow up to that would be all at once. Or how would you advise?
Alec: [00:01:11] Yeah, like a lump sum like most every.
Jacob: [00:01:13] I mean, sometimes we talk about dollar cost averaging. I think that I think the jury's out on that, to be honest. If we look at the actual data as to whether that was successful or not, if I had a lump sum, if markets were particularly volatile at the time, maybe I'd break it down a little bit. In that example, I'd be more inclined to get the 10,000 invested straight away, and then I'd be sticking to some sort of, if we can, regular investment being made a hundred bucks a month or whatever to keep that going. That's your ongoing dollar cost averaging.
Alec: [00:01:40] So somehow prices manage to pay as heck. So before me.
Bryce: [00:01:44] If you enjoyed that Bitesize, you'll find a link to the full episode in the show notes.
