ETF Starting an ETF portfolio

Glad you are getting though the application, half the learning curve seems to be knowing the terminology used.

 

It seems like a whole other language some times...

 

Oh, and on a completely unrelated topic.

Is the Invest Smart portfolio always way off? It was pretty accurate in the beginning, but these days it seems to be way off (up to $600) and not correcting itself.
I know it's usually a few days behind, but it doesn't seem to be making any progress at all...

 

My account is finally open!

I'm still not sure what I want to do at this stage.

I just received a letter from westpac, and my current savings account will now be earning 7.35% (from June 2nd till October 31st) and then reverting to 7.05%.

So, is there much point in transferring my savings into Macquaries cash account? Should I leave it as it is and only transfer the money to Macquarie when I know what I want to invest in?

Cheers.

 

I've been pretty busy procrastinating, as usual.

I need to take action!

I'm thinking of putting maybe $5,000 into the STW fund and seeing how that works out.
I don't plan to touch the money, so it can sit there indefinitely at this stage.

Any better ideas?
I'm so confused.

 

Yeah, good point.

I can live with a $5,000 loss...

Actually, I am already living with a $5,000 loss from my managed funds. I'm actually quite surprised at how little that bothers me, especially considering my financial position.

I think I'll just do it. Like you say, the absolute worst case scenario is that I lose my money. No big deal really.

 

There's no way you can lose all your $5k in STW. It tracks the ASX200, and that index will never go to zero! Even if the market drops to 4600, you'd be looking at -20% or $1k loss on $5k.

STW is a great starting point.

 

Today would be a great day to go $5k into STW, over the past 3 days it has dropped around 160 points, so now is a good time (if you are long term holder I might add).

Tim

 

Cheers.

I just transferred $5,000 into my macquarie cash account. It should be there tomorrow morning. I will then by into the STW fund (if I don't get cold feet by then).

 

Hey I just checked out ETFs on Commsec (with whom I have an account). It says that STW is made up of "23 associated Warrants & 16 Options". Jesus christ.

Would anyone be able to translate this into something resembling laymen's terms?

Thanks so much in advance.

 

Haha. I just opened the Macquarie trading platform and my head almost exploded.

Is there some kind of tutorial on what I am looking at and how to use the program? I don't want to play around with it too much or I might end up doing something unintentionally.