Join our investing community

Starting out in Managed Funds

Discussion in 'Managed Funds & Index Funds' started by Triu, 20th Aug, 2007.

  1. Triu

    Triu Well-Known Member

    Joined:
    1st Sep, 2006
    Posts:
    161
    Location:
    WA
    If you were just starting out what managed fund would you invest if you only had $1,000 to start off with but could add extra each month.

    any funds which give good returns?
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    Depends on your goal and timeframe.

    If growth was your objective and you had 5+ years to invest, I would go for a geared share fund like the CFS Geared Share.

    If income was your objective (eg to offset holding costs from cashflow negative property), then a fund like Navra AUS is a good choice, but again, only if you have an investment timeframe of 2-5+ years.

    If tax effective income was your objective, then I'd consider something like an imputation fund which distributes franking credits from the dividends earned by the fund.

    If you are saving for a specific purpose and are likely to need the money within the next 2 years, I'd go for a high interest savings account instead. ING / Rabobank / BankWest etc.
     
  3. Glebe

    Glebe Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    932
    Location:
    Sydney, NSW
    Triu,

    Have you considered LIC's and ETF's? Why does it have to be a managed fund?
     
  4. Triu

    Triu Well-Known Member

    Joined:
    1st Sep, 2006
    Posts:
    161
    Location:
    WA
    Hi Glebe sorry still learning what are LIC's and ETF's

    have started to slowly build property portfolio again and now looking at building shares etc.
     
  5. Meggsy

    Meggsy Well-Known Member

    Joined:
    15th Feb, 2007
    Posts:
    61
    Location:
    Brisbane, QLD
    I didn't know what LIC's or ETF's were either so I looked them up (invested.com.au has a great glossary)

    Listed Investment Company is LIC, ETF wasn't in the glossary but a google search would show some results I'd imagine.
     
  6. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia