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Discussion in 'Investing Strategies' started by kamiwow, 29th Jan, 2014.

  1. kamiwow

    kamiwow New Member

    21st Jan, 2014
    Melbourne, VIC
    Hi everyone.
    I'm new to the forums and I'm very keen to start investing in assets to grow my wealth :D I'm only 19 years old at the moment with a part time job and I want to start investing about 20-30% of my income, since it's waste sitting in my bank account.

    I was wondering what I should be investing in... like shares or mutual funds. I'm currently studying Commerce and Melb Uni so I guess I know a bit about this lol.
    I don't have enough cash to invest massive sums or money at once but probably around $400 each month.

    This might be a stupid question but to invest in Mutual funds exclusively, Do i have to buy it directly from the mutual fund or go through a Share trading website like etrade/commsec.

    Thank guys!
  2. Johny_come_lately

    Johny_come_lately Well-Known Member

    1st Jul, 2009
    SE Queensland
    Index mutual funds - Colonial First State

    Index ETFs - Commsec or Mywealth

    Term Deposits & internet banking - CBA

    All run by the Commonwealth Bank.

    Make a start by buying an ASX200 index direct debit. After a while you will not notice having less free cash.

    Johny. :)
  3. jeffery85

    jeffery85 Active Member

    20th Jul, 2012
    getting started

    check out the barefootinvestor club n make sure you get started.

    I also invest 10% in perpetual just for safety as its professionally managed