The new year is here and we want to help you start it off in the best way possible. In these 6 weeks, we’re coming to your ears (and inbox) with a 6-step plan to help set you up for investing success in 2023.
What we’ll be covering:
- Where to start with your money
- Should you invest your emergency fund?
- How to supercharge your superannuation
- Common mistakes and how to avoid them
- The stocks and ETFs to build your core portfolio
- Automate your investments and get on with the year!
5. The stocks and ETFs to build your core
In this week’s ep, we’ve finally reached investing!
We help you choose a broker, then talk about the core and satellite approach to stocks. This is an episode you need to listen to if you want your portfolio to be set up for the future.
[Listen to the episode here]
Action 1
- Do some quick comparisons of the main brokers – check costs and also see which markets they have access to.
- We suggest some brokers in the episode – Stake, Superhero, CommSec, Sharesies are all examples of brokers that operate in Australia.
- Don’t worry if you sign up and then change your mind – you can always switch later!
Action 2
- Start with a small amount – like $50 – and deposit it into your brokerage account.
- You’ll get a sense of whether it’s easy to use and play around with the interface.
- Then we are ready to invest.
Action 3
- The most exciting part! We are getting invested.
- We mention Bryce and Alec’s favourite index options in the episode.
- Some examples are VAS, VDHG, NDQ and FTSE100.
- You’re now officially an investor!!
A few other resources to help you…
- This article from Stake has some cool data on the most popular ETFs in Australia from the past year. Can’t go too wrong with most of these!
[Check out the most popular ETFs in Australia]
- This article simply explains ETFs and the role they can play in your portfolio.
[Exchange traded funds, explained]
This is an excerpt from our Get Started Investing Newsletter email. Once a week, for those , we’re featuring some of the most interesting content we’ve come across in this weekly email. No spam, we guarantee.