Got inspiration from the Where are you now, where are you going thread. Though want to restrict discussions to young investors and those just starting out or have just started their careers. =============================== ***Current Situation*** Age = 23 Work = Recently graduated and have just started working full-time. Investments = 4 x Managed Funds = Total = $35k * Macquarie Small Companies Growth Trust * BT Imputation Fund * Colonial FirstChoice Geared Share * Challenger China Fund Cash Savings = $18k (currently with ING though moving to BankWest soon) I'm currently saving around ~$4000 per month of which around $3000 goes into the regular investment plans for each of the 4 management funds above. The rest goes into the internet savings account. Still living with my parents, single, and have no major living expenses. Monthly expenditure I guess would be less than $100 (not including odd purchases such as clothes and stuff...). I also salary sacrifice an additional 10% (on top of the 9% Compulsory) to super (Industry Super Fund). ========================================= **Goals** Short term goal is to build up my managed fund portfolio and be in a position to purchase an IP by 25. I want to put together a sound deposit so that I don't have to leverage too highly. I'm also reading up on direct share investing and hoping to start either later this year or early next year with a portfolio of around $10k (this would of course be taken out of the Cash Savings account). I'm generally a very conservative and cautious person and thus, you will notice me posting alot of "obvious" or "simple" questions. Apologies for that, it's just me trying to keep myself sane and ensure that I don't miss anything Another thing on my mind at the momment is Margin Loans. Trying to weigh up the pros and cons at the momment and whether I'm really comfortable with all the risks associated with it. I already dipped my toes in the water with the Colonial Geared Share Fund; internal i know, but a start nontheless. I don't want to margin lend when i start out in direct share investing, as I want to test my skills and get a feel of the sharemarket first....so this may come latter. But I'm thinking more in terms of managed funds at this point. Feedback and insights welcome.