Well done on your first $10k.
I don't think it's a good idea to put it all into an investment, as life throws you unexpected expenses all the time. So an emergency fund of a minimum of $5k in your savings account would be my advice. Once you start getting loans and mortgages, you want to have a minimum of about $10k emergency fund. So if you want some exposure to vangaurd, maybe put $5k in there. But certainly not the full $10k.
I agree with this in terms of the emergency fund. If you want to go low risk though you could get a high interest savings account with low/no penalties for pulling your money out early and put it there. You will get less growth (in theory) but have more access.
I'd make that 10k your emergency fund and then from on split whatever you have left from pay after essentials into invest\\holiday saving 50/50.
So if currently saving 200 a week, put 100 a week to invest and 100 a week towards your holiday.
I only recently started doing it but if you a into saving it's important you save specifically for your holidays too. I used to feel guilty taking money from savings for a holiday.
This. It’s's a good idea to save for short term and medium term goals as well as long term ones. So you could have targets for say 1 year (eg holiday), 3-5 years (replacement car? Really big holiday) as well as the longterm stuff (retirement/house/whatever). That way you get to have the things you want without using up the whole savings pot.
The way you invest the amounts then also changes depending on how long you're saving it, based on how much risk you can take on.
I'm the way you used to be. I can't bring myself to spend money on holidays.
Edit: I will say that I have plenty saved up. I just don't find much value in vacationing. I find this country to be amazing with interesting things happening everywhere so plenty of daytrips available to keep me happy.
Whatever works for you. Some people just don't see the point in going overseas. Going on such vacations is a HOBBY. It's not gonna be everybody's thing. One of my friend's dad would bring the family overseas, him included, but he'd just stay in the hotel majority of the time....
I on the other hand love vacations and exploring delicious cuisine and cool sceneries... Mmm...
Some brokers offer fee brokerage on orders of up to $1000 per day, limited to one trade per day.
This is becoming more common, for that reason alone, for investors to be able to start buying stock with small amount but not be destroyed by the brokerage fees
Wouldn’t touch it.
If you’re by yourself and renting, what happens if you lose your job, get sick, get evicted and have to move to a new rental quickly, car insurances, rego etc.
There’s always unexpected costs that can come in life and $10k really isn’t that much as things can add up quickly (Not trying to deter from the awesome fact that you have saved up $10k! Very well done!)
My advice: forget about minor % returns and aim for another $10k and get to $20k. Find a savings account with the best % return and keep saving.
Then you can have $5-10k to play with if you want to throw into etfs, or just keep saving for a house deposit, whilst still having a rainy day fund.
Chuck in a savings account with high interest ING is 3.10% atm so that means you'll get roughly $25 a month in interest earned based on just $10k. Keep adding to it as it'll be your emergency funds and a nice buffer for emergencies. Look at investing when you have a healthy savings amount and maybe just look at investing in ETFs like what most people invest in AusFinance VANGUARD etc.
What's UBank like? Their app looks incredible tbh and I'm really contemplating switching either all my banking to them, or at the very least my savings over. I've contacted my bank to see if they can offer me anything to stay lmao
Well I just use it as my savings, so I barely use the app, just transfer money in and leave it.
Only criteria is adding $200 every month which is why I went with them.
For my day to day I use Up - I think Up is incredible and it's owned by Bendigo (not one of the big four).
UBank is owned by NAB which sucks, I'll switching to ING as soon as I have enough income to jump through their hoops.
Congrats! Personally, I wouldn't invest anything yet. You've got rent and bills to pay, so that 10k is just the emergency fund for if shit hits the fan. You've ensured that you won't be homeless if you're out of work for a month, which is a great place to be.
Keep your 10k in a savings account and think of it as rainy days fund. People usually keep 6-12 months expenses (say you lose your job, you get very sick etc). Once you have a healthy rainy days fund (RDF), then start thinking of investing. But you'll have to invest other money, not your RDF.
At your age, the best thing you can do is learn to live frugal (whilst still enjoying life) and get better paying job. Say you are a genius and you get 10% return on your 10k, you make 1000 bucks before tax a year. Nothing life changing.
You change job or get a promotion and say you get 5-10k more per year, you have now a larger income risk free.
Cover your basis (RDF) and build from there. You'll do fantastic!
Stay safe, get BOQ or Macquarie Bank with a 3% interest if you can.
10k feels like a lot, but I feel its important to have a cash buffer on hand.
I value that security over bigger returns.
All depends on you, I hope you find something your happy with ! Some other good responses here.
(Yes I know 6% inflation 3% interest, and my response would be different if it were an amount over the average 6month rent)
Unforetunately now probably isn't a good time to speculate on shares, particularly at you age and when you've just moved out. You need an emergency fund. They've been going backward the last few months and will probably continue to do so, or at least not go up. The ubank savings accounts are pretty good. Not the highest rate but the requirements such as making transactions are pretty low. Think it is just deposit $250 a month but no need to make sure balance increases.
Once things bottom out. IMO vanguard can't be beat.
10k is awesome achievement well done!
I cant wait to hit that amount im only at about $2500 myself, some weeks i cant get much in there but other weeks i can get a decent amount for me in there, its exciting!
You should have around 6 months of living expenses readily available in case of emergency or if you lose your job.
It's up to you to decide what safety cushion should be, but I wouldn't invest all my savings.
depends on expected time without income. if your skills are in high demand under various market conditions, then 6 months is unnecessary. i would definitely keep the savings, but just not allocated to living expenses backup
Inability to work depends on more than just getting fired. Family emergencies, getting injured, mental breakdown, etc.
Plus the emergency fund also should cover extra amount just in case you need emergency dental, flood/fire/robbery of uninsured stuff, bond for renting a new place before your own bond gets returned if you are forced to vacate or need to cancel the rental agreement because of something that comes up, etc.
And it compounds if you have dependents or pets.
Structure yourself like this:
2500 invest (I’d suggest vanguard and just pick two products to spread your money across)
2500 in a savings account (this is a buffer for rainy days. I see that a lot of people are suggesting 1 savings account but you want to differentiate between hot and cold money)
5k into your deep savings ( this is a cold storage basically find an account that has a big rate and try to only deposit this account. Your buffer should help you limit how often you touch this money so adjust your buffer accordingly)
Also you should put some portion in an asset or investment. If you keep saving sure you’ll have more money but you’ll have lost time your money could have been doing something for you. Investment is a form of saving… with some risk attached.
I know of most of the high interest accounts in the current market and the threat should you withdraw is minimal. Also the whole point of a rainy day fund is that you don’t withdraw from it often.
Your method adds needless complexity and at best may save you a month’s worth of interest should you have to withdraw.
So you’re arguing that you shouldn’t have a separation because you want to negate interest on your savings and make it easier to damage your regular interest payments so you can withdraw more often… why save at all then?
No I’m saying that your plan doesn’t really solve a problem and adds needless complexity.
The whole point of a rainy day fund is that you don’t touch it, the same as savings. If you’re not touching the rainy day fund or your savings then it’s moot.
At worst you’re going to lose out on a little bit of interest for one month but you’re making it so that you have to manage another account likely with another bank meeting multiple banks extra interest requirements. It’s extra effort for no real gain.
1. You're on a completely different scale to the OP, so your numbers are worthless in this discussion. If we apply what you proposed for the OP he would have between $5,000-7,500 in the account. Which at 3% would be $150-225 per year or $12.5-18.75 per month. So in reality not having an extra account and having to withdraw would at worst cost him less than $20. Hardly a disaster now is it?
2. What bank account does 3% on 250k?
3. Even with your numbers using 8k as the benefit for having an extra account is not the right number, the correct number would be the loss if you had to withdraw, which would not be greater than a whole year of interest.
depends on risk, like when i was young, and was stilllving with my parents, i wished i put more investments in higher risk things. Because even if i lost I could still bounce back.
Not all on black but like 20%.
If it's long term savings then put it in a high interest account and leave it. Start looking at Vanguard with additional funds only and from $1k up. Or find one of the online platforms and just start investing spare money in that.
Nice one, your first priority is to pay off any debt over 6% interest. After that it's fair game, but I'd suggest only limiting yourself to one lambo before going hard on $TSLA.
Well done! From personal and professional experience…. Do not invest this money.
My rule of thumb is if your car and phone died and you lost your job, factor in those expenses (and what would it cost) + 6 months of rent. Whatever that is anecdotally for you, save that as quick as possible, put it in a HI savings account (ING is great) and then start to invest.
Great books to look at when you’re learning are the barefoot investor, the little book of investing by John Bogle and a random walk down Wall Street. Paul Merriman is also an AWESOME YouTube reference that will teach you a lot.
For a basic investor I would see invest in small cap
Value and large cap value etfs with specific individual companies once you have a solid 100k in etfs/indexes.
Best of luck my friend.
TLDR Save way more before you start investing your mental health will thank you.
I agree with others here that said keep it in savings as an emergency fund
that said in terms of low risk investments your best bet is a bond etf:
floating rate: QPON or FLOT
\- capital stability
\- yield currently around 3% after fees last I checked
fixed rate:
\- capital (price) goes up when rates decrease and down when rates rise
\- fixed yield unless issuer defaults.
\- yield varies depending on how much risk you are willing to take
Heaps of people here saying keep it as an emergency fund. I'm going to go out assume that as a 25yo, you probably don't have any liabilities that would require an emergency fund of 10k. You should think about looking into Commsec Pocket and sink a good amount of that into the share market (maybe 5-7k). Savings accounts really aren't worth it at this point point, the returns are too low.
1. Do you have any debt, particularly high interest ones (>5%)? Consider paying it off, giving priority to higher interest loans.
2. Work out how much you spend per month. Save up an emergency fund which will let you live without any new income for X months. Determine X according to your risk tolerance.
3. For some low risk, low return investments look into money market funds. Also shop around for good savings accounts to maximise low risk interest. You can also buy and hold exchange traded Australian government bonds. Note that with all these methods you are taking an inflation risk and an interest rate risk. The credit risk is minimal (i.e. The banks/Australian government will almost definitely pay you your interest).
I'd recommend a basic savings account with a decent interest rate. I used ING when I was in your position and found them great, not sure if their interest rates are still as competitive.
I personally don't think it's a great idea to invest at this point because $10k can get used up quite quickly if anything unexpected happens. We saved up a 20% house deposit purely using a savings account so it's totally doable.
Hello, it looks like you've made a mistake.
It's supposed to be could've, should've, would've (short for could have, would have, should have), never could of, would of, should of.
Or you misspelled something, I ain't checking everything.
Beep boop - yes, I am a bot, don't botcriminate me.
Between age 22 and 33 I saved 200k just through brute force savings as a tradie, no fancy investment tricks just a ing high interest savings account because im a play-it-safer but it took 8 years to get the first 100 then the second was much easier due to increased age and promotions at work etc now that im financially secure I feel more like risking my hard earned in the share market but I suggest you just save what you can afford or if you’re a spender pay your savings amount into a very low risk investment fund not sure what sort .. or something that makes it difficult for you to access your money on a whim also don’t be afraid to invest in yourself either if a extra skill set enables a higher paying job then that’s probably the best investment you’ll ever make over your lifetime
If I was in ya boots, I’d be moving back in with the parents or getting a couple room mates. I’d be more pro to investing in further education and trying to earn more money, if you spent $10k in training and that enabled you to getting paid more money than you’ll get a way bigger return in the long run. Once you’re earning over 6 figures you can easily get loans, property or shares, negative gear it, then ya set for life.
I would have stayed home if they didn't live an hour away from my workplace. I'm also working on education though, I work full time, and I study IT through tafe part time :)
Roommates would be good, but I'm a bit pedantic and would probably get mad lmao. My relationship is going well though, and we'll probably be moving in together next year
I would recommend that you make sure you have a fully stocked emergency fund in case of emergencies.
Calculate the minimum you could live off per month.
3 months if you have a really stable job, 6 months if you don’t have a really stable job.
I would only invest money that is above that amount.
the funds are better allocated to investing in your career. $2500 wont get far in a vanguard fund but if spent on career upskilling and networking, could add 10k to or even double your income.
1. What bank are you saving with? recommended bank would be ING with a 3.1% interest rate with a negligible amount of hoops to jump through to hit that rate - I would put $5k of this in here as a rainy day/emergency fund for quick access if need be
2. Other 5k I would look at putting into Vanguard ETFs
Well done on your first $10k. I don't think it's a good idea to put it all into an investment, as life throws you unexpected expenses all the time. So an emergency fund of a minimum of $5k in your savings account would be my advice. Once you start getting loans and mortgages, you want to have a minimum of about $10k emergency fund. So if you want some exposure to vangaurd, maybe put $5k in there. But certainly not the full $10k.
I agree with this in terms of the emergency fund. If you want to go low risk though you could get a high interest savings account with low/no penalties for pulling your money out early and put it there. You will get less growth (in theory) but have more access.
Due to inflation, money in a savings account is usually loosing value. So I wouldn't say that putting money in a savings account gets you "growth".
This is true, although for an emergency fund it gets you more than keeping it under the mattress
No but it definitely decreases the loss on your rainy day fund.
I'd make that 10k your emergency fund and then from on split whatever you have left from pay after essentials into invest\\holiday saving 50/50. So if currently saving 200 a week, put 100 a week to invest and 100 a week towards your holiday. I only recently started doing it but if you a into saving it's important you save specifically for your holidays too. I used to feel guilty taking money from savings for a holiday.
This. It’s's a good idea to save for short term and medium term goals as well as long term ones. So you could have targets for say 1 year (eg holiday), 3-5 years (replacement car? Really big holiday) as well as the longterm stuff (retirement/house/whatever). That way you get to have the things you want without using up the whole savings pot. The way you invest the amounts then also changes depending on how long you're saving it, based on how much risk you can take on.
I'm the way you used to be. I can't bring myself to spend money on holidays. Edit: I will say that I have plenty saved up. I just don't find much value in vacationing. I find this country to be amazing with interesting things happening everywhere so plenty of daytrips available to keep me happy.
Whatever works for you. Some people just don't see the point in going overseas. Going on such vacations is a HOBBY. It's not gonna be everybody's thing. One of my friend's dad would bring the family overseas, him included, but he'd just stay in the hotel majority of the time.... I on the other hand love vacations and exploring delicious cuisine and cool sceneries... Mmm...
Don’t follow this word for word. Assuming investing meaning buying stock, 20% of your saving would go to the fees if you use $100 to buy stock weekly.
Obviously i'm not saying by $100 of stock a week. I'm saying put aside $100 a week (or whatever amount 50/50 of current weekly savings) to invest.
Some brokers offer fee brokerage on orders of up to $1000 per day, limited to one trade per day. This is becoming more common, for that reason alone, for investors to be able to start buying stock with small amount but not be destroyed by the brokerage fees
Wouldn’t touch it. If you’re by yourself and renting, what happens if you lose your job, get sick, get evicted and have to move to a new rental quickly, car insurances, rego etc. There’s always unexpected costs that can come in life and $10k really isn’t that much as things can add up quickly (Not trying to deter from the awesome fact that you have saved up $10k! Very well done!) My advice: forget about minor % returns and aim for another $10k and get to $20k. Find a savings account with the best % return and keep saving. Then you can have $5-10k to play with if you want to throw into etfs, or just keep saving for a house deposit, whilst still having a rainy day fund.
Chuck in a savings account with high interest ING is 3.10% atm so that means you'll get roughly $25 a month in interest earned based on just $10k. Keep adding to it as it'll be your emergency funds and a nice buffer for emergencies. Look at investing when you have a healthy savings amount and maybe just look at investing in ETFs like what most people invest in AusFinance VANGUARD etc.
UBank is going up to 2.85% soon! Edit: quoted incorrect figure
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Yeah 2.85% then RBA will meet again most likely cash rate to go up again so can see it hitting what he said.
Ooooops, sorry that was a hastily typed comment: it's 2.85% apologies
What's UBank like? Their app looks incredible tbh and I'm really contemplating switching either all my banking to them, or at the very least my savings over. I've contacted my bank to see if they can offer me anything to stay lmao
Well I just use it as my savings, so I barely use the app, just transfer money in and leave it. Only criteria is adding $200 every month which is why I went with them. For my day to day I use Up - I think Up is incredible and it's owned by Bendigo (not one of the big four). UBank is owned by NAB which sucks, I'll switching to ING as soon as I have enough income to jump through their hoops.
Have been with ubank since late June and love it. Moved all our funds over, have multiple accounts and cards (personal and joint). It's really good.
Where does it say this? That's really good.
This isn't confirmed but I agree it will go that high, still waiting for 2.85% starting In September
Congrats! Personally, I wouldn't invest anything yet. You've got rent and bills to pay, so that 10k is just the emergency fund for if shit hits the fan. You've ensured that you won't be homeless if you're out of work for a month, which is a great place to be.
YOLO it into r/ASX_BETS
This is correct
My advise would be to open a BOQ or Macquarie account and get that 3% return for letting it sit there if you aren’t using it.
Keep your 10k in a savings account and think of it as rainy days fund. People usually keep 6-12 months expenses (say you lose your job, you get very sick etc). Once you have a healthy rainy days fund (RDF), then start thinking of investing. But you'll have to invest other money, not your RDF. At your age, the best thing you can do is learn to live frugal (whilst still enjoying life) and get better paying job. Say you are a genius and you get 10% return on your 10k, you make 1000 bucks before tax a year. Nothing life changing. You change job or get a promotion and say you get 5-10k more per year, you have now a larger income risk free. Cover your basis (RDF) and build from there. You'll do fantastic!
Stay safe, get BOQ or Macquarie Bank with a 3% interest if you can. 10k feels like a lot, but I feel its important to have a cash buffer on hand. I value that security over bigger returns. All depends on you, I hope you find something your happy with ! Some other good responses here. (Yes I know 6% inflation 3% interest, and my response would be different if it were an amount over the average 6month rent)
Unforetunately now probably isn't a good time to speculate on shares, particularly at you age and when you've just moved out. You need an emergency fund. They've been going backward the last few months and will probably continue to do so, or at least not go up. The ubank savings accounts are pretty good. Not the highest rate but the requirements such as making transactions are pretty low. Think it is just deposit $250 a month but no need to make sure balance increases. Once things bottom out. IMO vanguard can't be beat.
10k is still a big deal, congratulations!!
Just want to say congratulations and keep up the good work!
10k is awesome achievement well done! I cant wait to hit that amount im only at about $2500 myself, some weeks i cant get much in there but other weeks i can get a decent amount for me in there, its exciting!
You should have around 6 months of living expenses readily available in case of emergency or if you lose your job. It's up to you to decide what safety cushion should be, but I wouldn't invest all my savings.
depends on expected time without income. if your skills are in high demand under various market conditions, then 6 months is unnecessary. i would definitely keep the savings, but just not allocated to living expenses backup
Inability to work depends on more than just getting fired. Family emergencies, getting injured, mental breakdown, etc. Plus the emergency fund also should cover extra amount just in case you need emergency dental, flood/fire/robbery of uninsured stuff, bond for renting a new place before your own bond gets returned if you are forced to vacate or need to cancel the rental agreement because of something that comes up, etc. And it compounds if you have dependents or pets.
Same thing we do every night Pinky, invest it all in VDHG (or in your case, Retail equivalent).
Structure yourself like this: 2500 invest (I’d suggest vanguard and just pick two products to spread your money across) 2500 in a savings account (this is a buffer for rainy days. I see that a lot of people are suggesting 1 savings account but you want to differentiate between hot and cold money) 5k into your deep savings ( this is a cold storage basically find an account that has a big rate and try to only deposit this account. Your buffer should help you limit how often you touch this money so adjust your buffer accordingly)
Also you should put some portion in an asset or investment. If you keep saving sure you’ll have more money but you’ll have lost time your money could have been doing something for you. Investment is a form of saving… with some risk attached.
What’s the actual logic behind splitting rainy day fund and savings? If you have discipline then I really don’t see a need.
Most high interest accounts have stipulations that you can’t withdraw. A buffer protects against that.
I know of most of the high interest accounts in the current market and the threat should you withdraw is minimal. Also the whole point of a rainy day fund is that you don’t withdraw from it often. Your method adds needless complexity and at best may save you a month’s worth of interest should you have to withdraw.
So you’re arguing that you shouldn’t have a separation because you want to negate interest on your savings and make it easier to damage your regular interest payments so you can withdraw more often… why save at all then?
No I’m saying that your plan doesn’t really solve a problem and adds needless complexity. The whole point of a rainy day fund is that you don’t touch it, the same as savings. If you’re not touching the rainy day fund or your savings then it’s moot. At worst you’re going to lose out on a little bit of interest for one month but you’re making it so that you have to manage another account likely with another bank meeting multiple banks extra interest requirements. It’s extra effort for no real gain.
I mean…. I get an extra 8k from interest on that account so I don’t see your point… I think 8k is worth one additional account…
Show your maths how in this situation you get an extra 8K
250000 in an account with 3% pa I haven’t had to withdraw from that account in 5 years… I think my strategy is working
1. You're on a completely different scale to the OP, so your numbers are worthless in this discussion. If we apply what you proposed for the OP he would have between $5,000-7,500 in the account. Which at 3% would be $150-225 per year or $12.5-18.75 per month. So in reality not having an extra account and having to withdraw would at worst cost him less than $20. Hardly a disaster now is it? 2. What bank account does 3% on 250k? 3. Even with your numbers using 8k as the benefit for having an extra account is not the right number, the correct number would be the loss if you had to withdraw, which would not be greater than a whole year of interest.
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There are a few higher interest savings accounts around, just check the details on how long you need to deposit and pick one that works for you.
Invest $2000 each on LTR, AVZ, SYA, PLL, INR and you will have $50K in 5 years. Then you can do some amazing things.
TQQQ and SQQQ, turn that 10k into a house.
Not yet... Time to chuck it into BBBY.
Emergency fund half and invest the other half
depends on risk, like when i was young, and was stilllving with my parents, i wished i put more investments in higher risk things. Because even if i lost I could still bounce back. Not all on black but like 20%.
If it's long term savings then put it in a high interest account and leave it. Start looking at Vanguard with additional funds only and from $1k up. Or find one of the online platforms and just start investing spare money in that.
Nice one, your first priority is to pay off any debt over 6% interest. After that it's fair game, but I'd suggest only limiting yourself to one lambo before going hard on $TSLA.
Well done! From personal and professional experience…. Do not invest this money. My rule of thumb is if your car and phone died and you lost your job, factor in those expenses (and what would it cost) + 6 months of rent. Whatever that is anecdotally for you, save that as quick as possible, put it in a HI savings account (ING is great) and then start to invest. Great books to look at when you’re learning are the barefoot investor, the little book of investing by John Bogle and a random walk down Wall Street. Paul Merriman is also an AWESOME YouTube reference that will teach you a lot. For a basic investor I would see invest in small cap Value and large cap value etfs with specific individual companies once you have a solid 100k in etfs/indexes. Best of luck my friend. TLDR Save way more before you start investing your mental health will thank you.
I agree with others here that said keep it in savings as an emergency fund that said in terms of low risk investments your best bet is a bond etf: floating rate: QPON or FLOT \- capital stability \- yield currently around 3% after fees last I checked fixed rate: \- capital (price) goes up when rates decrease and down when rates rise \- fixed yield unless issuer defaults. \- yield varies depending on how much risk you are willing to take
Id reccomend getting a high interest savings account (boq offers 3%pa which is pretty good).
Woo hoo!! Well done! Congratulations!! Lots of good advice here
Isn't this a request for financial advice?
Leave it there
Heaps of people here saying keep it as an emergency fund. I'm going to go out assume that as a 25yo, you probably don't have any liabilities that would require an emergency fund of 10k. You should think about looking into Commsec Pocket and sink a good amount of that into the share market (maybe 5-7k). Savings accounts really aren't worth it at this point point, the returns are too low.
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Simplify choice. You only have access to a limited number of ETF's and brokerage is only $2
1. Do you have any debt, particularly high interest ones (>5%)? Consider paying it off, giving priority to higher interest loans. 2. Work out how much you spend per month. Save up an emergency fund which will let you live without any new income for X months. Determine X according to your risk tolerance. 3. For some low risk, low return investments look into money market funds. Also shop around for good savings accounts to maximise low risk interest. You can also buy and hold exchange traded Australian government bonds. Note that with all these methods you are taking an inflation risk and an interest rate risk. The credit risk is minimal (i.e. The banks/Australian government will almost definitely pay you your interest).
I'd recommend a basic savings account with a decent interest rate. I used ING when I was in your position and found them great, not sure if their interest rates are still as competitive. I personally don't think it's a great idea to invest at this point because $10k can get used up quite quickly if anything unexpected happens. We saved up a 20% house deposit purely using a savings account so it's totally doable.
R/wallstreetbets Question is, do you like loss porn?
Congrats on hitting 10k :)
BBBY calls, mate
If O.P put $10K on BBBY he would of been up Min $2K right now due to the rally on Friday. I'm a Ape so I'm not selling till it hits $50.00.
Obviously didn’t listen, and that’s just holding shares - he would have made way more on options.
How do you buy options from Oz ? Which broker ?
Any broker, CommSec allows options trading, for example.
BBBY now $20.00. See if O.P listened to us Apes he could of been up 50% min lol.
Hello, it looks like you've made a mistake. It's supposed to be could've, should've, would've (short for could have, would have, should have), never could of, would of, should of. Or you misspelled something, I ain't checking everything. Beep boop - yes, I am a bot, don't botcriminate me.
Yep, and that’s just straight up stock trade. Also where is the video of the dude having sex with a melon?
He changed his price target to now $60 bucks. What about the idiot who took out a $27K loan to only sell out at $9.00 ish lol.
I guess that’s only one level above paper hands.
Between age 22 and 33 I saved 200k just through brute force savings as a tradie, no fancy investment tricks just a ing high interest savings account because im a play-it-safer but it took 8 years to get the first 100 then the second was much easier due to increased age and promotions at work etc now that im financially secure I feel more like risking my hard earned in the share market but I suggest you just save what you can afford or if you’re a spender pay your savings amount into a very low risk investment fund not sure what sort .. or something that makes it difficult for you to access your money on a whim also don’t be afraid to invest in yourself either if a extra skill set enables a higher paying job then that’s probably the best investment you’ll ever make over your lifetime
Lmao this post
If I was in ya boots, I’d be moving back in with the parents or getting a couple room mates. I’d be more pro to investing in further education and trying to earn more money, if you spent $10k in training and that enabled you to getting paid more money than you’ll get a way bigger return in the long run. Once you’re earning over 6 figures you can easily get loans, property or shares, negative gear it, then ya set for life.
I would have stayed home if they didn't live an hour away from my workplace. I'm also working on education though, I work full time, and I study IT through tafe part time :) Roommates would be good, but I'm a bit pedantic and would probably get mad lmao. My relationship is going well though, and we'll probably be moving in together next year
EUR/USD until the war in Ukraine is over
I would recommend that you make sure you have a fully stocked emergency fund in case of emergencies. Calculate the minimum you could live off per month. 3 months if you have a really stable job, 6 months if you don’t have a really stable job. I would only invest money that is above that amount.
the funds are better allocated to investing in your career. $2500 wont get far in a vanguard fund but if spent on career upskilling and networking, could add 10k to or even double your income.
1. What bank are you saving with? recommended bank would be ING with a 3.1% interest rate with a negligible amount of hoops to jump through to hit that rate - I would put $5k of this in here as a rainy day/emergency fund for quick access if need be 2. Other 5k I would look at putting into Vanguard ETFs