FIRST TIME INVESTOR
Where to invest??
Hey everyone. I’ve just decided to go down the rabbit hole of reading and trying to learn about investing. After just scratching the surface I’ve come to the conclusion that for a basic beginner myself investing my money into some ETFs is the way to go. I’m 23 years old so quite young with some time up my sleeve. What are some safe ETFs I should look at investing in. I’m super keen and want to get started as I’ve read the longer I wait around and hesitate the more I’ll regret it once I get the ball rolling. What seems to be popular amongst pearler and a lot of social media platforms is: IVV, NDQ, VGS, IOZ. Any advise would be greatly appreciated so I can be steered in the right path. Willing to any reading to further my knowledge.
Caleb null.
28 November 2024
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1 Comments
about 23 hours ago
HI Caleb,
It depends what you mean by safe. If you mean that they won’t go down in value, then sorry to say but most ETFs will not fit that bill.
But if you mean safe by having a decent chance of performing well over the long term, then the options increase dramatically.
Those ETFs you mention are definitely popular, and so are A200 and VAS for Aussie shares, along with DHHF and VDHG for ‘all in one’ ETFs where the whole globally diversified portfolio is in a single fund.
Take some time looking into each of them and think about how you would like to invest. I wrote a bit about deciding this here which might help: https://strongmoneyaustralia.com/dhhf-vdhg-on...
Cheers, Dave
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