- Joined
- 5 August 2021
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Progress Update
Again I want to be clear this is not to give financial advice - this is just a journal/log of what positions I have opened etc. as to keep a record to look back at and I also think someone one day if in a similar position to me, could find it interesting or useful.
I have converted 75% of my cash in to index funds on a market order this morning. I have chosen to invest with a weighting of 33% into the following index funds:
The VAP is the most speculative of the three, I think the property market isn't cooling anytime soon and we are dependent on immigration to keep the economy ticking over. Similarly I feel a back to the office drive + the conversion of commercial office property in to apartments is a very realistic and profitable idea that we could see more of in the next 6 - 12 months. As well as the potential of government subsidization to increase the housing supply.
I am aiming to build up a buffer of cash to max out my super contribution in June then anything over a certain cash threshold (I have set) will be invested. As well as a side account investing in my planned month long trip to the USA at the end of this year/early next year.
Will update here when stuff changes/something interest me.
Again I want to be clear this is not to give financial advice - this is just a journal/log of what positions I have opened etc. as to keep a record to look back at and I also think someone one day if in a similar position to me, could find it interesting or useful.
I have converted 75% of my cash in to index funds on a market order this morning. I have chosen to invest with a weighting of 33% into the following index funds:
Index Fund Name | Weighting |
Vanguard Australia Property Securities Index ETF (VAP) | 33% |
BetaShares Australia 200 ETF (A200) | 33% |
Vanguard Diversified Balanced Index ETF (VDBA) | 33% |
The VAP is the most speculative of the three, I think the property market isn't cooling anytime soon and we are dependent on immigration to keep the economy ticking over. Similarly I feel a back to the office drive + the conversion of commercial office property in to apartments is a very realistic and profitable idea that we could see more of in the next 6 - 12 months. As well as the potential of government subsidization to increase the housing supply.
I am aiming to build up a buffer of cash to max out my super contribution in June then anything over a certain cash threshold (I have set) will be invested. As well as a side account investing in my planned month long trip to the USA at the end of this year/early next year.
Will update here when stuff changes/something interest me.