Would love to see a video, on how much super would us australians average person will need say in 30 years time to retire And what living cost will be.? What will be the average wage in 30 years be , houses ect Thanks
19 วันที่ผ่านมา +3
It is hard on first 100k but still no easier on the last 900k. The boring and hardest part is consistently investment at same rate into passive indexed fund. Life has too many important things other than only focusing on money return in your account. I believe that the discipline and keep investment simple is the key of success.
Where would you keep the 3 to 6 months emergency fund? Definitely not under the pillow but something that helps build interest with low risk...? Term deposits? HiSA? Stocks or ETFs? Thanks!
The best time to start adding money to your Super account - Yesterday. The next best time to do it - Today. If you're young, time and compound interest is your best friend.
Personally I do 55% VGS and 45% VAS for hedging, growth, diversification and franking credits. It also depends on how much time you have before needing to draw down on them. Replacing VGS with IVV could give you a higher return on this mix.
There's no special reason why the first 100k is difficult and the next 900k is easier. Because the growth in compounding interests are exponential rather than linear. Human brains in general are not very good at processing exponential numbers. It's also why investing the first 1 million is the most difficult and the next 9 millions are easier.
Would love to see a video, on how much super would us australians average person will need say in 30 years time to retire And what living cost will be.? What will be the average wage in 30 years be , houses ect
Thanks
It is hard on first 100k but still no easier on the last 900k. The boring and hardest part is consistently investment at same rate into passive indexed fund. Life has too many important things other than only focusing on money return in your account. I believe that the discipline and keep investment simple is the key of success.
Where would you keep the 3 to 6 months emergency fund? Definitely not under the pillow but something that helps build interest with low risk...? Term deposits? HiSA? Stocks or ETFs? Thanks!
The best time to start adding money to your Super account - Yesterday. The next best time to do it - Today. If you're young, time and compound interest is your best friend.
Well said!
Currently as 600k with my dividend portfolio with stake. Almost there
I have $65k
IVV or VGS ?
Personally VGS because of diversification...
ndq
Personally I do 55% VGS and 45% VAS for hedging, growth, diversification and franking credits. It also depends on how much time you have before needing to draw down on them. Replacing VGS with IVV could give you a higher return on this mix.
@jjimena263 i had NDQ which is very similar to IVV. Topped that and bought some VGS.
@@Bobbydazzlla 3 years
Compound! ☺
Compound
Wish i could find 8% returns would retire tomorrow.
Einstein never said that its a myth
COMPOUND. thank you, Raymond.
There's no special reason why the first 100k is difficult and the next 900k is easier.
Because the growth in compounding interests are exponential rather than linear. Human brains in general are not very good at processing exponential numbers.
It's also why investing the first 1 million is the most difficult and the next 9 millions are easier.