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The Finance/ Business/ Money Thread

How do you invest?

  • Real Estate

    Votes: 4 44.4%

  • Stock Market

    Votes: 3 33.3%

  • Superannuation

    Votes: 4 44.4%

  • ETF

    Votes: 2 22.2%

  • Crypto

    Votes: 0 0.0%

  • Savings Account

    Votes: 5 55.6%

  • Mutual Funds

    Votes: 1 11.1%

  • Precious Metals

    Votes: 1 11.1%

  • I don't invest

    Votes: 0 0.0%
  • Total voters
    9
JS96

JS96

Vice Captain
Joined
Oct 17, 2024
Replies
1,882
Discuss all everything finance and business here
 
Got into ETF's about 2.5 years ago . Sickening to see where I could've been had I started at 18. They weren't so popular back then. Got one with some Blockchain and such type of companies and it's up 75% since I started 5 months ago. More volatile but got some MV and hedged ones to balance out. My Big Data and Tech one is a winner. Hydrogen and Clean Energy just not performing but maybe now at rock bottom is a good time.

We weren't to know but $1000 of Microsoft for your second birthday wouldn't have gone astray
 
Mixture of shares, ETFs and cash.

Wish I got into shares 20 years ago.
 
yer Muz the usual if onlys - wish long ago I started thinking ahead instead of now way back.
Some did but not many.
Mind you have recovered from hard work, living within your means you get there.
Shares scare the crapper out of me but we've known some who understand it way better than us therefore the Mrs's dabbles it goes ok.
Can't beat bricks and mortar as the saying goes.
 
I am not really into shares as I know stuff all, but I had a lot of dumb luck with afterpay during covid. Made enough to give away lots to family members to cover any covid loses and guarantee an income for a year for a couple of them. Went in at $10, got out at $100 this was in 6 months (it went to $170 before the sale I think)

My major investment would be commercial property (SMSF etc).
 
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yes that is a good one T S F, SMSF, I went in with my bro being we're long time business partners having decided gone the easy route long ago use the banks we're dealing with SF offerings, get sfa and ripped but they keep making the $$, way better off our own.
 
LFC said:
yer Muz the usual if onlys - wish long ago I started thinking ahead instead of now way back.
Some did but not many.
Mind you have recovered from hard work, living within your means you get there.
Shares scare the crapper out of me but we've known some who understand it way better than us therefore the Mrs's dabbles it goes ok.
Can't beat bricks and mortar as the saying goes.
Click to expand...

Did that and sold out and into shares. Best thing I ever did. I use the reinvest option for dividend payments because I don't need the money now so not only is the share market continually rising, yes there are pullbacks from time to time, you are accumulating more shares all the time.

Amongst others I bought FMG shares 3 years ago and the iron ore price goes up and down like whores drawers but through dividends I now have 50% more shares than I had to start with. That means if I sell out at what I bought them for I'm still 50% up. And just like cash in the bank all those reinvestments compound.

If you're worried about your shares losing money just use the stop/loss facilities. They bail you out when they hit a predetermined point. There's even a thing called a trailing stop loss which will follow your shares up and then if it drops by a certain % (that you set) it'll dump you out.
 
LFC said:
yes that is a good one T S F, SMSF, I went in with my bro being we're long time business partners having decided gone the easy route long ago use the banks we're dealing with SF offerings, get sfa and ripped but they keep making the $$, way better off our own.
Click to expand...

I was amazed at how much better it was. I have a group in SMSF and we could purchase property and rent from ourselves.
 
T_S_F said:
I was amazed at how much better it was. I have a group in SMSF and we could purchase property and rent from ourselves.
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haha correct buddy, the rental pays it off lol......
On a couple my own company is the renter :) what a perfect tennant.
We just bought another commercial property outright with the fund - gonna be the best SF when I/we retire T S F :)
 
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LFC said:
haha correct buddy, the rental pays it off lol......
On a couple my own company is the renter :) what a perfect tennant.
We just bought another commercial property outright with the fund - gonna be the best SF when I/we retire T S F :)
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Yeah, what's good is that I now know my kids are fine in the future.

Also if there is someone in the fund who is at retirement age they can withdraw tax free cash. It's nuts how laws are geared to help the older generations achieve wealth.
 
T_S_F said:
Yeah, what's good is that I now know my kids are fine in the future.

Also if there is someone in the fund who is at retirement age they can withdraw tax free cash. It's nuts how laws are geared to help the older generations achieve wealth.
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though you'll get taxed once its in your personal account if a self funded retiree :(
They always get you if I recall right.
 
LFC said:
though you'll get taxed once its in your personal account if a self funded retiree :(
They always get you if I recall right.
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Just making sure you realise it is any income derived from the cash withdrawn (e.g., interest) that is subject to tax, not the cash itself. All good if you know this, just I have come across a lot of people who don't.
 
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Yes keeper66 on the interest copied that.
I was just making the point you do pay something thankfully a lot less.
 
Keeper66 said:
Just making sure you realise it is any income derived from the cash withdrawn (e.g., interest) that is subject to tax, not the cash itself. All good if you know this, just I have come across a lot of people who don't.
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yeah, there is a lot you can do with this if you are in a group of investors
 
Stock market seems to be nudging upwards but it's got to burst eventually. You just wonder when the consumer won't be able to take it anymore and profits will start to fade. Long term always up but you just wonder if it's worth buying more. As the saying goes 'time in the market beats timing the market.'
 
Hardly alarming but a market dip last night and this morning and now it's all back up around a percent or more. USA to open in an hour and then we'll see. Looks like people are looking to make a pre Christmas buck. Sell then buy then pounce on the quick profit
 
JS96 said:
Hardly alarming but a market dip last night and this morning and now it's all back up around a percent or more. USA to open in an hour and then we'll see. Looks like people are looking to make a pre Christmas buck. Sell then buy then pounce on the quick profit
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So situation normal.That's how the markets have always rolled. You'll learn.

And for those who often say "I wish I knew about this 20 years ago", well that makes little sense. Nothing has changed in terms of opportunities, it's more the case of would-be investors shrunken balls.
 
JS96 said:
Hardly alarming but a market dip last night and this morning and now it's all back up around a percent or more. USA to open in an hour and then we'll see. Looks like people are looking to make a pre Christmas buck. Sell then buy then pounce on the quick profit
Click to expand...
Market is overcooked so happy to sit this one out. I'm a long term market watcher. I think this one has one last 2007 style run up left in it before it pops. On fundamentals we are well overs but when these things inflate, it's surprising how hard it can go before it bursts.

I'm technically in the market via stock options in my company but it's neither here nor there concerning the market because we're a startup and my strike price is set in stone. Anything else I'm not going anywhere near until it pops.
 
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