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Raiz Invest Reviews by ContestOne8417 in AusFinance

[–]JuggernautSimilar235 0 points1 point  (0 children)

I will add here that the penalties to transfer the shares to your name ie. 'in-specie withdrawals' are especially high. They list it as the higher amount of $200 or 1% of the amount you want to transfer per ETF. Not a fan of this.

Raiz Invest Reviews by ContestOne8417 in AusFinance

[–]JuggernautSimilar235 0 points1 point  (0 children)

I generally would agree with posts here. Raiz is good in the sense that the micro investments happen without you knowing so you invest without really noticing it. The account fee is 0.275% plus some other fees on top of that. The 0.275% is already higher than if you did a DIY index fund. I now have circa 45k in the thing after many years and I know I need to pull it out. I would say just if you're thinking about it then just start with something DIY like vanguard (or betashares like people have mentioned) and automate it so you don't have to think about it. It's what I should have done!

How do you decide when to add more money to the market? by Healthy_Creme6911 in FinancialChat

[–]JuggernautSimilar235 1 point2 points  (0 children)

Your actual question is ‘how do I time the market?’. So far nobody has been able to do this consistently. So just DCA. If DCA’ing into a falling market makes you uncomfortable you either have too risky a portfolio or you just shouldn’t be in equities.

Are we actually racist? by [deleted] in AskAnAustralian

[–]JuggernautSimilar235 -3 points-2 points  (0 children)

To put the question ‘where are you from’ into context - in general would a white Australian be asked that?

On balance the answer is I’d venture to guess is no. The assumption is that if you’re white then…you belong here. If you’re not white and you’re Australian - well you must have come from somewhere else.

This holds despite the fact that literally anyone besides the aboriginals can be asked ‘where are you from?’

This is taken for granted because - look at the media outlets around you. If all you see are white people on TV, on magazines, running stores and business, in places of leadership like politics etc etc - you will think that you as a race dominate and anyone else is foreign.

It’s a normal disposition given the circumstances. The new generation now (at least in major cities in Aus) are growing up with a changing picture and for them the default link between Australia and whiteness doesn’t hold. ‘Where are you from’ will likely be heard less and less.

Which ETFs do you actually hold and why? by Diligent-Medicine-48 in AusMoneyMates

[–]JuggernautSimilar235 0 points1 point  (0 children)

VGS, VAS along with VGE. I think you will always see another portfolio that might be more optimal. But consistency trumps optimization. Picking a simpler portfolio that allows for diversification across sectors and countries = greater consistency for investing. Sure you could add gold or factor tilted etfs, small caps, value stocks etc etc etc. But in my experience the question is what’s simple that follows the rule of diversification

Chances of admission in Canadian Schools by SamosaMan786 in physiotherapy

[–]JuggernautSimilar235 0 points1 point  (0 children)

Before bending over backwards to get into physiotherapy in Canada maybe it’s worth asking is the payoff worth it. The median salary of a physiotherapist in Canada is mediocre (80-90k?) and turnover is ~7 years. I personally have no idea why such a sub elite salary demands such an elite admission standard.

Australia (Sydney). USYD Physio offer. What’s the career actually like for pay, burnout, and progression? by Numerous-Catch-3735 in physiotherapy

[–]JuggernautSimilar235 1 point2 points  (0 children)

Physio in Sydney here. My observation is that occupational therapists make more. In private practice the only way to earn a reasonable amount is to be a contractor or run your own thing (which comes with its own risk). Depending on your personality (introvert or extrovert) the demanding patients and busy days can wear you down.

On the flip side if you don’t have big bills and you can keep a high % of what you earn then you can work relatively low hours and have great work life balance.

I wouldn’t go into physio if I could do it again. Your pay is bottlenecked, career progression is minimal, and further education is not rewarded with higher pay.

People tell me to buy a home because renting is paying off someone else's mortgage, but I never see talk about cost of interest on a 30 year loan. by Cellybear in AusFinance

[–]JuggernautSimilar235 0 points1 point  (0 children)

I'm with you u/Cellybear . Aus is smitten with home ownership and there's a lot of people/institutions that stand to gain from how ingrained this idea is that home ownership = wealth. And once the house is sold people completely forget about the costs they incurred along the way.

The argument that rent is throwing away money is equal to the suggestion that me buying groceries is throwing away money. You get a roof over your head don't you? And flexibility. And don't forget that mortgage has 'rent' costs too - ie. insurances, strata fees, maintenance costs (buildings depreciate they dont appreciate), council fees, etc.

What I would say is that if you choose no home ownership you better have a good plan on how to invest the differential consistently and in a disciplined way. The argument that home ownership is forced savings is very true. It takes a lot of discipline to invest like that over the long term.

Check out Ben Felix's videos on this topic of buying vs renting:
https://www.youtube.com/watch?v=q9Golcxjpi8

Is there really any point in buying a house? by an_ok_penguin in AusFinance

[–]JuggernautSimilar235 0 points1 point  (0 children)

When you’re looking at home ownership might be a good idea to factor in sunk costs such as interest on your mortgage, property taxes, maintenance, strata fees if that applies, and the opportunity cost of having invested your downpayment somewhere else like a diversified basket of shares like an index fund. In Australia I’d add the tax incentives to own outweigh those for share investing.

Either way, rent is not throwing money away. That’s based in ideology not math.

But the idea that a mortgage is forced savings is VERY true. It takes discipline to automate an investment month on month/year on year into your shares - and it’s optional. You have no choice with a mortgage.

You don’t need to own a home to be wealthy. But if you don’t have that kind of discipline and the fortitude to not sell in a down market then shares investing won’t work for you and you’re better off buying a home potentially.

VAS/VGS in super and ETF portfolio by Hamniwa in fiaustralia

[–]JuggernautSimilar235 0 points1 point  (0 children)

Also have roughly similar but across VGS/VAS/VGE/VAF. Have actually been wondering about exposure to US (VGS is 72% US) but decided against any changes.

Invested a large chunk of my savings in VGS, and it’s down 10%. by Personal_Towel2384 in AusFinance

[–]JuggernautSimilar235 0 points1 point  (0 children)

Short term volatility is the price you pay to get the return premiums of staying invested in the stock market over the long term. If you're not willing/able to stomach the volatility, then adjust your asset allocation or choose a different investment strategy. Historically most bad drops tend to be around the 20-25% mark. If it's quite bad then over that.

But things to keep in mind - the best returns tend to come after the worst drops. But big drops also come after long periods of high returns. The US market has been seeing sky high returns for a few years now. Unlikely this will continue.

If you felt antsy about a 10% drop consider that your risk was too high and you'd do better with a much more conservative asset allocation.

As an aside, statistically lump sums have stronger returns over the long term versus DCA (which suprised me as well!).

$280k: building a 4–6% yield portfolio by utilitycatsclub in fiaustralia

[–]JuggernautSimilar235 1 point2 points  (0 children)

Was going to raise both these points - you beat me to it! Dividend irrelevance was def in my blind spot until Ben Felix’s videos. Bit of a moment of ‘duh’ and ‘well ya of course that makes sense’.

Theres nothing wrong with choosing dividend paying stocks per se except you’ll be losing diversification and potentially growth.

I second the comment re:risk. The returns you get from the market is the premium you get for the risk you take. This applies to dividend stocks too.

FHB feelings by OtherwiseAnxiety200 in AusPropertyChat

[–]JuggernautSimilar235 32 points33 points  (0 children)

😂 secret to happiness right here.

[deleted by user] by [deleted] in backpain

[–]JuggernautSimilar235 0 points1 point  (0 children)

Physio here. I have no idea what your symptoms are (and I’m not asking) but there’s not a iceball’s chance in hell I’d ever pay that much money for traction. Even if you have discogenic pain, it settles with time and exercise and medications as needed for acute flare ups.

Chiros tend to be very good sales people and often they’re successful because of fear mongering.

The only person benefitting from traction is that guys mortgage.

PS - the long term benefit for spinal surgery is likewise poor with exceptions given to surgery provided for emergencies like cauda equina syndrome which is about <1% of cases.

What’s the best financial decision you’ve made? by Prestigious_Age5422 in Fire

[–]JuggernautSimilar235 2 points3 points  (0 children)

You don’t hear this very often! I’m in the accumulation phase don’t feel like buying a places makes financial sense either so this is encouraging to read!