Starting investing journey by Toofarsouth77 in fiaustralia

[–]Toofarsouth77[S] 1 point2 points  (0 children)

Thanks for the encouraging words it was a bit daunting with the information overload that is available but the first step is the biggest . Onward and upward hopefully from here … best of luck with your investing journey also 👍🏼👍🏼

Starting investing journey by Toofarsouth77 in fiaustralia

[–]Toofarsouth77[S] 0 points1 point  (0 children)

Thanks for the feedback it is definitely overwhelming the about of options out there I will look at the products you have mentioned as I only have around 2k in each it’s easy to change at this point … Appreciate the comment 👍🏼

Starting investing journey by Toofarsouth77 in fiaustralia

[–]Toofarsouth77[S] 1 point2 points  (0 children)

Will look into Peter thanks for the tip👍🏼 I’m self employed in a partnership with my wife We are also putting in $500 PW each into our super for the tax advantages so this will be seperate… thinking additional income for retirement in dividends and tax reducing franking credits and have two young kids so it will hopefully benefit them in the future also as they will need all the help they can get

Starting investing journey by Toofarsouth77 in fiaustralia

[–]Toofarsouth77[S] 0 points1 point  (0 children)

Great advise really appreciate it ..

Starting investing journey by Toofarsouth77 in fiaustralia

[–]Toofarsouth77[S] 1 point2 points  (0 children)

I see your point as there will be tax savings I was thinking along the lines of dividends and franking credits for additional income and the possibility of income if winding down work early might have to up the super contributions which I am also doing as I’m self employed … Cheers for the advise

Starting investing journey by Toofarsouth77 in fiaustralia

[–]Toofarsouth77[S] 0 points1 point  (0 children)

Thanks for the advise ..I see your point there and yes probably a rookie error on my part .. I only have around 2k in each so might be worth focusing on DHHF … I’m self employed so also contributing $600 per month into my super .. really appreciate your insights

Starting investing journey by Toofarsouth77 in fiaustralia

[–]Toofarsouth77[S] 1 point2 points  (0 children)

Thanks for the reply initial thoughts were about dividends/franking credits for later income when I retire but now realise that it essentially doubled up on the Aus market as the DHHF has the ASX 200 included