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Chapter 1: What is the main topic discussed in this episode?
Property investors often talk about using debt to build wealth. In the share market, that's called gearing. With the BetaShares WealthBuilder range, investors can access moderate gearing into shares, and with the newly launched GG-BL, That means exposure to a diversified portfolio of around 1,300 global companies excluding Australia, all with no loan applications, credit checks, or margin calls.
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Please remember that all of the information in this podcast episode is limited to general information only. That means the information is not specific to you, your needs, goals, or objectives. So you should seek the advice of a licensed and trusted financial professional before acting on the information.
And before you acquire or apply for a financial product, please read the PDS or product disclosure statement, which should be available on the issuer's website. Lastly, please keep in mind that past performance is not indicative of future performance. In this episode of the Australian Finance Podcast, Kate and I are talking about the different ways to invest $10,000.
Whether you're investing in a more conservative way, you're just getting started, you're more experienced, or kind of everything in between, Kate and I share some ideas of how we'd invest $10,000 if we had $10,000 or how we're already investing. We hope you enjoy this episode of the Australian Finance Podcast. Kate, welcome to this episode of the Australian Finance Podcast.
Thanks, Owen. Good to be back.
We're doing this remotely again, aren't we?
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Chapter 2: What are the current investment strategies for $10,000?
Yeah, absolutely. If you need to pay rent, you've got to pay rent. that's it. You just got to do it. And you know, sometimes the supplements and the job seekers and all that won't actually be enough. Okay. So that's kind of like our disclaimer, like a caveat.
Like if you are not engaged with your finances, if you don't want to set aside up to an hour a day, if you don't want to spend the next couple of weeks while you're in isolation, learning about your finances and really getting on top of it, you could probably stop listening. Now the rest of the conversation is probably not for you, but if you're like most of our listeners,
and you are engaged, which is the reason you're listening to this podcast in the first place, then you can continue to listen on. And we're going to throw some examples at you and some, I guess, just where to invest, how you could think about it.
So, Kate, if you had $10,000, you already said your dollar cost average, but if you had $10,000, if I go here, you have to do something with this money, what would you do with it?
If I had to invest it all at once today, I'd probably put it in a diversified mix of ETFs, maybe ETFs, pick one that copies the ASX 200 and then one that's investing in the international top 500. So there's a few different, we've talked about in the past, but examples of providers like Vanguard and BetaShares that offer these ETFs.
So I'd probably just, if I had to pick something today without doing too much research, I'd just go with an Australian and an international ETF option. But I think personally, I am continuing to invest in the market, but through a dollar cost averaging approach.
So just adding a little bit each week instead of putting all that money in at once, because I think the next 12 months is so uncertain and we have no idea what's going to happen and things are in limbo. Yeah. It's definitely worth taking your time. I think now it's not the time to rush in and put your whole 10 grand in at once.
It's a good opportunity to learn as you slowly put the money into the market.
Absolutely. And that's one thing that I've said to our members. I've said to them, you know, I'm going to make a commitment to you that I'm going to release a buy recommendation for each of the next six months. So I'm going to release six new buy ideas and put my money into them So that's kind of jumping in or jumping on top of your dollar cost averaging strategy.
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Chapter 3: Should I consider withdrawing money from my superannuation?
You've probably listened to the podcast and thought about a lot of things that you've always wanted to do to sort out your finances and you've always thought about putting together
budget and a sort of a 10-year plan and I mean now's the time to sit down and dream about what you want to do in your future and take the time to learn about your finances because that that could be an amazing investment in your time right now that will pay off over your lifetime
That's the thing. And you only need to learn all this stuff once really, right? Like that's why we go to school at the beginning of our lives and not the end. It's because there's knowledge compounds and we build on top of it.
And, you know, this is the thing with finance is that you could probably get across, like just by listening to this podcast, you could probably get across 90 to 95% of what you need to know. just by listening, just by reading occasionally. And you could probably do that, honestly, within three to six months, not even like, and I'm only talking a few minutes each day. It's one of those things.
It's like health. You don't, you know, you've got to have a very basic understanding of the fundamentals just to get by. And I don't think enough people have that in finance, which is a shame, but yet it's something that's unavoidable like health. So Now is the time to do it. Now is the time if you do have capital, you can start to put it to work.
If you need money from investing, you should not be investing. If you're going to put a deposit down on a property in the next year or two, do not consider investing that. Just keep saving. You're doing a good thing.
No investing that emergency fund.
No emergency fund invested.
Now's the time that we actually want the emergency fund. And if you don't have an emergency fund, that's the first port of call. I mean, that 10K might help you actually have an emergency fund if you've got no cash at all. So definitely make sure you have, because we don't know how long this is going to go on for.
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