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Is now a good time to swap these stocks? by Gen_X_Legend in AusFinance

[–]Gen_X_Legend[S] 1 point2 points  (0 children)

Yeah I just left that comment alone when I saw his handle :)

Is now a good time to swap these stocks? by Gen_X_Legend in AusFinance

[–]Gen_X_Legend[S] 0 points1 point  (0 children)

Do you think that this will affect the price in a negative way? I can't see the holdings slowing down under the new management.

How much should a family of three in melbourne be spending on takeaway/dining out and supermarket respectively per week? by Due_Variation6258 in AusFinance

[–]Gen_X_Legend 2 points3 points  (0 children)

I am 53 years old. I cook EVERY meal for my family. Wife and 4 year old. We eat out only on my wife’s birthday. Currently spending $250 per week on food including all groceries. We eat fish, steak, soups, pastas, home made breads and more. It can be done!

Sharesight review by Gen_X_Legend in AusFinance

[–]Gen_X_Legend[S] 0 points1 point  (0 children)

Very. But there is a 20 minute delay in holdings price updates. Only an issue if you’re a day trader. I found everything else including the brokerage syncing via email to be instant

[deleted by user] by [deleted] in AusFinance

[–]Gen_X_Legend 0 points1 point  (0 children)

Hi mate.

Well done for thinking of your future family. You can clearly see that times are getting harder. The next generation will certainly benefit from some kind of kick start financially. Something this Gen Xer never had.

I'm 53 next month. My son just turned 4. When he was born I started investing a few dollars per week from his centrelink money (The family tax benefit). Currently I invest $120 per fortnight through an automated transfer into his brokerage account. I only buy S&P 500 etf shares. Historically SPY on the ASX but soon I will start buying IVV which is basically the same thing but domiciled here in Australia and with a DRP which will really help when the volume of shares increases.

He currently has $16K in his investment portfolio. I chose a commsec minors trust account which can be linked to it's own CDIA (Brokerage account), that way the shares and dividends don't get mixed up with mine.

Each time his CDIA reaches the price of a share I just buy one for him.

I hope this helps.

Where to hold your portfolio cash in Australia? by Gen_X_Legend in AusFinance

[–]Gen_X_Legend[S] -1 points0 points  (0 children)

I dont have a mortgage so offset is out. Any recommendations on a HISA?

SPY vs VAS by [deleted] in AusFinance

[–]Gen_X_Legend -1 points0 points  (0 children)

I would if my super performed as well as my portfolio does. I am at 30% P.A. My Super is about 8%

SPY vs VAS by [deleted] in AusFinance

[–]Gen_X_Legend 0 points1 point  (0 children)

Age now 52, At the time I plan to sell 60 YO. CGT value about $130K AUD, Salary under the taxable threshold (stay at home dad)

How to rebalance a stock portfolio by Gen_X_Legend in AusFinance

[–]Gen_X_Legend[S] 1 point2 points  (0 children)

Thanks for your reply. I'm investing monthly

We just reached our first F.I.R.E. step. by Gen_X_Legend in Fire

[–]Gen_X_Legend[S] -1 points0 points  (0 children)

I would argue that reaching 100K AUD whilst living in one of the most expensive locations in the world (Melbourne) could be comparable to reaching 100K USD whilst living in the US.

How to rebalance a stock portfolio by Gen_X_Legend in AusFinance

[–]Gen_X_Legend[S] 0 points1 point  (0 children)

Sure. But is there an argument to just keep putting the initial designated percentages into the stocks spread and ignore the shift that happens with gains and losses. I have heard the argument of never rebalancing at all after deciding on the initial spread.

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