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

  1. kamiwow

    kamiwow New Member

    Joined:
    21st Jan, 2014
    Posts:
    1
    Location:
    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

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    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

    Joined:
    20th Jul, 2012
    Posts:
    29
    Location:
    canberra
    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