I am a clairvoyant with the ability to perfectly predict the investment returns on all investment vehicles, except that I cannot purchase anything other than the ETF called LMAO or else my firstborn will be sent to Mars on Elon Musk's Explodyship in the year AD2101 when war was beginning.

I am $10,001 above the threshold of the 30% tax bracket, so if I contribute $10,000 in concessional contributions I will save $3,000 in tax.

Scenario 1: I buy $10,000 of LMAO every year with a return of exactly 10%. It pays 0 distributions or dividends, so I don't pay any tax ever, until/if I eventually sell. My broker gives me brokerage free trades if I use my clairvoyance to tell them when to short NVIDIA.

Scenario 2: I put $10,000 into a superfund that allows me to invest directly in LMAO. I will end up with $3000 out of super (tax refund from ATO) and $8500 in the superfund.

I invest $3000 out of super every year into LMAO and $8500 in super in LMAO. Except that the $8500 in super in LMAO has its earnings taxed at 15% every year, so the rate of return is only 8.5%

(Investment Earnings in super are taxed at 15% - right?)

Assume I only invest once in my lifetime because after I invest the first time, ASIC realises I am clairvoyant and tells me I can't trade anymore or I will be jailed for insider trading

Returns after 30 years
Scenario 1: (10,000)(1.1)^30 = $174,494

Scenario 2: (3000)(1.1)^30 + (8,500)(1.085)^30 = $52,348 + $98,245 = $150,593

This can't be right, can it? I know I have made some assumptions (like Elon Musk going to Mars) I must have misunderstood something, so I bet you are all laughing at how stupid I am right now. But please me understand where I went wrong - thank you!

(Yes, I know I need to pay tax when I sell the ETFs)

How does the 4% withdrawal per annum rule work in relation to superannuation where you are forced to withdraw a minimum of 5% at 65-74, 6% at 75-79, 7% at 80-84, 9% 85-90 and 14% 95 onwards ?

Hello,

I've been investing regularly in IVV, BGBL and IOZ since last year. I just want to check that my portfolio is not overlapping. I'm fairly new to investing.

I've seen that most people recommend Vanguard funds. Are they better than what I'm investing in? Thank you!

My car is worth about $2000, I'm only wanting third party insurance.
Looking for recommendations on a decent insurer that is also cheap.
I'm currently paying $54 per month with RACQ (so $648 per year). - I don't have roadside assist and not interested in it

Hey guys, just a question since i couldnt find too much about this in the pds. Just seeing if anyone who uses this feature can eloborate on the process? Im learning for something a little bit automated since i overthink this stuff a little bit.

Also anyones other experience with Betashares direct as a whole? Would be interesting if they can implement an automatic ETF lifecycle option similair to vanguards super without the pooled fund issue, seeing Vanguard have said they dont plan on implementing ETF purchases in the Superfund anytime soon. Hope all is well. Cheers

I own 2 houses outright (so I'll still have 1). The one I'm planning on selling was my PPOR (so I don't think I'll have to pay capital gains), I've only been renting it out for about a year. Ran the numbers on it and of the $700/week rent, I only see about $350 after all costs and tax. I've used my real costs, plus allowed 0.5% (of the total value) for maintenance, plus 1 weeks vacancy per year.

The house is probably worth between $800,000 and $1,000,000. Even if it's on the lower end my cashflow would still be better if I sold and dumped it all in index funds (partially because I can put it all in my partners name and pay a bit less tax).

I was shocked to work out that if it sells for 1m I'm better off by about $10,000 per year after tax (rental yield vs dividends). Since there's no leverage on the property, I expect the capital appreciation might be better with the index funds too.

I should also mention I dislike being landlord.

Can anybody think of a reason why I shouldn't do this? Try to talk me out of it.

Howdy,

23M. Moved to Australia about a year ago. I've been investing since I turned 18. I took the year off to travel but I'm now working full time again. I plan on being in Australia for at least 3 years but most likely, permanently (never no what can happen).

Question is - how can I start investing in Australia and is there a best way to handle my UK based finances?

I have money in a Vanguard ISA, Help To Buy ISA and a pension pot. I've also dabbled via Etoro in much small amounts but I've now sold them to fund travelling.

Ideally, I'd keep putting money into my current Vanguard ISA so I could build on my current investments but I know that's not possible now that I'm not a 'resident' of the UK. From some quick research I've also found that Australia doesn't have an 'ISA' in the way that the UK does and that savings accounts have pretty good returns.

So my starting questions are:

- Should I invest for my future in a similar way that I did at home? Or should I just open a savings account? (sounds like a silly question to me, but one worth asking)

- How do I start investing in Australia? What type of investments account do I open? What Investment platform do I use?

- What would be the best way to move forward and/or leverage my investments in my UK accounts? I see my options here as either not touching them and just letting them grow by themselves or completely selling them and starting again fresh here. (I have no intentions of touching this money for a long long time)

If anyone has some advice I'd greatly appreciate it! Or if you point me to other similar posts or websites to read up that would also be great. Thanks!

Hi all,

I'm not sure how to consider the potential to knock down and rebuild our PPOR in our FIRE plan. Was hoping I could get some advice on how adjust the plan, as previously it seemed quite simple to me (pay off mortgage, extra funds into ETFs & super). Combined partner stats below:

PPOR: $450k mortgage, fully offset with cash, current house value around $1.5mil

One investment property, $620k IO, $250k leveraged off PPOR

Have about $400k in ETFs (A200/VGS split), $366k combined super

$100k in a HISA until we know what we're doing with this knock down.

We have a combined income of about $380k annual, have 2 young children

So we definitely feel in a great spot with our finances, but our PPOR house is a bit old and not very space efficient. We love where we live so KD&RB is very appealing to us, but we're high level budgeting at least $1mil required to go through the process (including renting etc.). Taking out another $1mil loan scares me and I'm trying to understand what it means for our FIRE plan.

I tried to draw up a compounding interest plan of my ETFs (current value around $270k) and the allowing a withdrawal of $500k at 50 yrs old to pay off this additional mortgage; does this make sense? Allowed for 6% growth rate, $10k annual contributions, then a lifestyle withdrawal of $30k starting 50 yros ($60k combined with my partner). This is just my shares, so it would be duplicated for my partner's strategy.

https://preview.redd.it/eq7vaj7xxgge1.png?width=2117&format=png&auto=webp&s=b0a28b6ac7b39caef4b5055b67a8f23037992cf0

My mind has been going around in circles, hoping someone could help me out.

POV on what to do next

Hi all,

Appreciate the counsel of the sage FIRE pursuers in this thread. I’ll be honest, it’s been a good few years without regrets, although I feel as though I’ve probably not saved as much as I could.

Any thoughts on next steps is much appreciated

Salary

• 320K

Assets

• PPOR

Val: $805K Owe: $550K

• IP

Val: $1.45M Owe: $880K

Shares

• $120K shares
• $4K in VGS (started this week)

Super

• $210K

Cash

• $160K, offsetting ppor

I would welcome comments on my thoughts below -

1. I have about $20K of unused carry forward super concessions. Would it be wise to use these up, even though DIV293 will apply?

2. The IP provides a healthy tax deduction each year. Is there a way I can debt recycle somehow here to perhaps buy ETFs? Or as it is an IP, it is already deductible debt?

3. I’ve done ok on shares. Any recommendations on where to when it comes to starting the simplest ETF build? Should one do a lump sum cash payment

4. I’m likely to sell the PPOR as ultimately one day I’d like to live in the IP. With the PPOR sold my plan at present is to put some of the accessible funds into another IP with higher capital growth upside and the rest in ETF. This I figure should be a debt recycle moment at least? Plan is to do the classic VGS/VAS approach via Commsec.

Thanks for the POV and tips.

I appreciate this community.

24m - without a mortgage. I’ve just withdrawn 50k from my HISA account with the desire to put it in ETFs for a minimum of 5 years before reassessing. I’m currently thinking about lump summing 40k into DHHF and 5k into ARMR & RBTZ while continuing to DCA 3k a month into DHHF.

Why’s everyone’s thoughts on the approach and what should I consider? Wanting to cross the 100k mark in investments this year to behind that snowball.

Dad (56) and mum (47) have a current net worth of approx $3.8mil. Dad currently earns ~160k a year and mum earns ~30k a year (she was not working for most of her life though).

They have a PPOR + 1 IP in Australia worth $2mil altogether, with 500k mortgage left on the IP.

Properties overseas (inherited properties) are worth $2mil but are not generating much passive income as the rent/profit received is quite low. These properties are a mix of just land, land with house, and farmland (which is being used to cultivate crops). The passive income like I mentioned is low and the money is sent to a bank account owned overseas anyway, so the money isn’t touched but is spent if they travel overseas to that country for their expenses.

Dad has 350k in super and mum has a negligible amount.

This adds up to a net worth of 3.8mil. Obviously excluding all depreciating assets and other miscellaneous items.

My dad keeps telling me he can never retire at 60 and will need to continue working for a long time. If I can help my parents retire sooner I want to, I know my dad doesn’t like his job much but does it for his family. I wouldn’t say my parents live frugally but they are the type of people who only buy groceries that are on sale, know how to spend their money wisely, but will spend 20k on a holiday every few years.

Their expenses every year would be ~100k excluding holidays. This is for a family of five. Next year I will start a full time job so their expenses may reduce a bit, currently I am in uni and my parents pay for all my living expenses and my sibling’s expenses at home.

My dad is dead set against investing in ETFs. I’ve tried teaching him all about it but I know he won’t budge on that front.

He doesn’t have time to review insurances and super every year so he’s been with the same companies since all the insurances were taken out.

Other than living frugally, which I don’t think they can do, what can they do so they can retire ASAP? I would obviously love to support them financially at some point if needed but don’t see myself having that kind of money in the next 5 years at least.

One suggestion I had was to sell some of the property overseas and use it as a deposit to buy a property in Aus. Only thing is the bank won’t give them a big enough loan because of their current mortgage, and the property overseas isn’t doing too shabby either (in terms of overall value).

Can’t think of much else, any suggestions would be greatly appreciated, cheers :)

Hi everyone,

I’m currently an international student in Australia, planning to stay here for around 3.5 years. I want to optimize my savings and investments as best as possible. Right now, I have a small amount of savings (~AUD 10k) in Vietnam that I don’t plan to use anytime soon. I’ve invested this in large-cap Vietnamese stocks, primarily in banks and tech companies, and I intend to hold these positions long-term, at least until I finish my studies and return home.

Additionally, I’ve set up a brokerage account in Australia, where I invest around $200 per week into ETFs. My Australian brokerage account currently has about $3k, split between VAS, IVV, and NDQ.

Lastly, I also hold around $1,500 in crypto (BTC, ETH, and XRP) on Binance, which I plan to keep long-term, at least until I return to Vietnam.

Does this investment strategy seem reasonable? Any suggestions on how I can improve it?

I also have a few questions regarding my investments:

1. I’m using CMC Markets as my brokerage platform. I’m aware that in the first two financial years, my income is tax-free. However, how can I check how much tax has been deducted when I receive ETF distributions or sell my shares? Or do I need to declare it manually? In Vietnam, the brokerage automatically deducts tax when I sell stocks.
2. Since I invest in three different ETFs from different issuers, I assume I need two share registry accounts (Computershare & MUFG) to manage my holdings, dividend statements, etc. Is that correct?
3. After my student visa expires and I return home, will I still be able to keep my Australian brokerage and bank accounts? I noticed that in Vietnam, it’s difficult to invest in international ETFs.
4. If I am allowed to keep my investment account, is there any way I can continue regularly investing in these ETFs from Vietnam? One option I can think of is using USDT to convert VND to AUD, since Vietnam makes it difficult to transfer money abroad. However, this method comes with currency exchange fees.

Would love to hear your thoughts and advice!

Thanks in advance!

Looking for some ideas on our situation, have appointment to see FP but always feel better doing some research and hearing opinions beforehand.

• Me 55, wife 50, both working
• Combined $20k pm take home
• Only want to work for 5 more years max
• Just went mortgage free on PPOR ($2.5M value)
• Owe $700k on IP ($1.5M value) - Rent covers mortgage payments
• $100k in savings
• $150k in shares (tech)
• $500k in super
• No car payments or credit card debts
• $700k to invest

Given we have property investments, was thinking about diversifying into ETFs and also might need access to funds quickly. Don't want to put any more into super as its 10 years away and already paying div 293 tax. Think I would rather pump 10k pm into ETF for 5 years and look to turn our $700k + contributions into $1.7M (7% required) .

Should we borrow more against PPOR ? If the shit hits the fan with the market or I get laid off we would want to be able to adjust pretty quickly.

Hit me with your thoughts about this please.

I’ve listened to Aussie firebug podcast about debt recycling with Terry Waug and it’s left more questions than answers. He says that in order to do the below, I would need to split the loan each month (yes which would require paperwork and waiting period for the bank) which seems totally not worth it. I don’t care that lump sum investing is better on paper. I’d rather off myself than put 100k into the stock market once and then walk away. I prefer the DCA approach.

• Use 5k a month from salary to pay off home loan

-Redraw the 5k each month into a separate loan account -Send 5k to pearler and buy 5k of share parcels -Rinse and repeat

Where does this fall apart and stop working in terms of tax deductibility?

Howdy folks, I’ve been lurking for a long time, but have recently given a lot more thought to retirement planning and decided that some yearly journalling would be a good way to keep track of things. Feedback, encouragement, and roasting is always appreciated.

M, 35, WA, single with no dependents

Net Worth: $880k PPOR $335k ($770k value, $435k mortgage remaining) IP $305k ($750k value, $445k mortgage remaining) Super $230k (indexed, 30% AU shares, 70% international shares) Cash $10k Shares $0k

Income: $39k/yr rental income from IP (ends up slightly negatively geared) $220k/yr base salary (Senior Engineering role in resources) 14% Super Bonus and Share Grants 15-30% in a typical year. I usually sell the shares immediately as holding that stock isn’t in line with my plan

How did I get here? Like everybody, I wish I had started investing much younger, but when I look back without the rose-tinted glasses I was not earning decent money until ~5 years ago, and I think I did pretty well in the early days clearing student loan debt (which incurred interest as I did not study in Australia) while still enjoying being a deliberate idiot in my 20s and spending way too much on unnecessary stuff. In those last 5 years I’ve managed to go from ~$50k NW to where I am now, helped in no small part by buying a couple of properties in Perth before prices went nuts.

How do I feel now? Right now I see corporate life as a means to an end. I don’t love my work, but I definitely like it enough to keep going for the next 10+ years. Some weeks are bad, some weeks are good, but I find myself daydreaming more and more about living rurally (similar to how I grew up) and slowing things down a lot. It’s a conscious effort to accept the next 10+ years of slog to achieve that dream, and overall I think I’m in a fairly healthy headspace.

What’s the goal? (In today’s money) FIRE at 45 $1.2MM outside super, excluding PPOR $800k inside super at FIRE 4% WR, $80k/yr

What’s the plan? Firstly I need to build up emergency savings. I’ve recently built a house, and am still spending money finishing all the small details, but that spending should be all done within a few months. After that, I’ll build up to around 6 months’ of living expenses in the offset account. I’m already above the concessional super contributions limit, so I’m not looking to invest in super above what my employer pays. Once my offset account is healthy again, I’ll start investing in ETFs (likely DHHF or VAS/VGS) at $2k/mth until a novated lease is paid off in 2026, then $4k/mth after that. I plan on selling my IP in 2027 and investing the profits in ETFs, that timeframe is when I’ve calculated that my return on equity on the IP will drop below the long term ETF average ROE. I’ll also put anything left over from my monthly expenses into my offset account, which should have the PPOR paid off within the required timeframe. All up, my Big Fancy Spreadsheet tells me that I should hit my FIRE number just after my 46th birthday, so well on track. This assumes a discounted growth of 7%PA on super and ETF growth (i.e. 10% minus 3% inflation, so my forecasts are in today’s money).

What could change? PPOR. Currently I live in metro Perth, but as you’ll recall my dream is to go bush, which is not cheap in the nicer areas of regional WA. That will likely require a significant increase in PPOR value (and subsequent mortgage), which is not factored in to my current forecast. I’m OK with that, as working a few extra years to fund a blissful life on the farm is well worth it. Work. I have a fairly safe career, my skills will always be in demand, though redundancy is a significant possibility. Honestly I’d love it, my payout is already estimated at $200k after tax, and that will only go up with time. I also may elect to drop back to 4 days per week, to aid with burnout and pursuing other things, but again I’m OK with the tradeoff of a slightly later FIRE date. Family. I don’t plan on having kids, but I would like a partner one day. She may or may not have the same goals and approach as me, that’s a bridge to be crossed at the time. Compromise is healthy when it’s for the greater good.

Thanks for coming to my TED talk, see you all again next year 🤙

Hey, late to the game but decided to start investing in ETFs at 30. More of a set and forget situation. Thinking of doing a simple 70%\30% VGS/VAS portfolio. What’s my best approach? I’m thinking 4k initially with $200 fortnightly. I have more in savings to add to the lump sum if needed to have an impact. All of this is do-able without financially restricting me.

Should I use a broker or can I go directly to Vanguard for my plan of investing? Looking for a platform that has low costs and will allow me to reinvest my dividend/distriburions

Lastly, I’ve done no research on this part (please don’t call me out), what’s the situation on tax. Do I only get taxed when i decide to sell?

Thanks!

Hi, I’m looking to get into ETF investing (DHHF, VAS, VGS, etc.). What’s your favorite broker app so far, and why?

My priorities are:

1 Low fees > 2 CHESS > 3 Features (auto-invest, etc.).

Most YouTube channels seem to recommend Pearler or Moomoo, and there have been discussions in this sub but I know the landscape is changing quickly. Keen to hear your thoughts - what’s working best for you?

HI,

Been lurking for a while and thought I’d ask for some advice/views on the following.

About mu/us Married, 2 kids under 2, Wife currently on maternity leave. Me 40, wife 36. Combined household income ~215K (when wife goes back to work part-time). Income atm ~165k (plus super) 2 properties (PPOR owing $363K, value ~$1m and Investment property owing $70K, value ~ $800K (note this used to be my residence prior to PPOR purchase in 2018). Super combined amount of ~$570K (450K Me, $120K wife) ETF and share portfolio of ~$96K

Considering selling investment property in 12-18 months time when Perth prices should hit peak. Should be able to sell for ~850 to 900K.

After Sale, agents fees, remaining loan on investment property and capital gains tax I would have approximately 700K to invest.

My thoughts were to do the following: Pay 200K of PPOR loan to take that down to ~$150K (which would half our fortnightly repayments and mean would could save an extra $1000 per month) Invest remaining 500K into ETFs (perhaps something like a 50/50 split between VAS and VGS) If I were to hold that investment and top up a little on an ongoing basis I would hope after 10 years that I can get my portfolio up around $1.2m mark. Plan from there would be to semi-retire (work 2-3 days per week) and start to draw down from the portfolio. If I were to draw approx. 120K per annum, I would hope that after 10 years I would still have $300-400K left over. I can then fully pull the pin at 60 and access super, our balance should be around $1.5m by then if we keep consistent with putting in extra sal sac money into our super. (could possibly even fully retire by 55 if PPOR paid off and then just draw down from the ETF portfolio until we can access super at 60).

Does this sound like a reasonable plan? Or have I completely missed something (apart from the risk inherent with the stock market which I’m aware of)?

Thanks in anticipation for any advice/ideas that people have.

cheers

A lot of people on this sub seem worship the ground Vanguard walks on and swear by the VDHG and Vanguards other EFTs for FIRE, I started my FIRE journey back in 2022 and im struggling to see the merits of VDHG over something like SPY.

SPY has lower fees (0.09% vs 0.27%) and higher returns (19.57%/pa vs 3.89%/pa) yet so many people swear by Vanguard.

Is there other factors im not considering here?

Hi All,

I still have good 20+ years before I can access my Super Annuation.

At the moment I am using the ANZ Smart Choice 80s plan - this was the default suggested to me when I landed in Australia back in 2016.

Now that I know a bit more about investing, what are ETFs and etc ... I am not too happy with how the fund has performed over the last 2 years...

Also the fund is pretty opaque regarding what exactly they are investing into.

I am considering moving the funds to an option like ChoicePlus ( HostPlus ) or STAKE SMSF that allows me to invest into International and local ETFs.

Keen to know what the community thinks about this?

Is there a downside to investing into individual ETFs like IVV and VAS in Super Annuation? What are the pros/cons of this approach?

Note: There's insurance implications to moving Insurance - please keep that outside of this discussion.

Long time lurker first time poster so be gentle.

My wife (F61) and i (M53) joined Spring FG and started a SMSF in 2017, through them we bought a new 1br unit in Brisbane CBD for $434K which was over valued and after 7 years has only just broken even in valuation. We paid off its mortgage after 2 years and it has been making about $10k per year after deductions (rates, strata, fees etc.).

We have recently been advised by an independent financial adviser that the return on the property is below average so we should sell the property, wind up the SMSF (also have $200K in ETF's so total is worth about $630K) and move to either a wrap or an industry super.

We are looking to retire in the next few years so would like to know (with regard to accessing our funds when needed) if its easier to sell the unit and keep the SMSF (use the money from the sale to add to our SMSF ETFs (mainly DHHF)) or wind up the SMSF and open separate super funds e.g. Hostplus.

FYI, we pay an accountant about $2.5K per year to do the SMSF books, it's a bit of a pain getting the paperwork but that is mainly due to the property.

I am a 20M living in AU currently invested 10K in IVV and A200 (50:50) but I want some exposure to the global markets other than US and AU. My goals are to hold long-term

Any suggestions for AU-domiciled ETFs and what would be a good ratio for my portfolio?

Should I look into growth or geared ETFs eg GHHF or GNDQ since I’m young and take more risk?

No big surprises with the most popular ETFs for 2024:

Top 10 funds by net flows for 2024: (ASX)

VAS: $2.23bil

IVV: $2.07bil

A200: $1.89bil

VGS: $1.92bil

QUAL: $1.46bil

IOZ: $1.02bil

VBND: $1.01bil

QSML: $913mil

SUBD: $910mil

BGBL: $859mil

Fund flows by category for 2024:

Global Equity: $16.78bil

AUS Equity: $7.21bil

AUS Fixed Interest: $4.58bil

Global Fixed Interest: $1.71bil

Commodities: $657mil

Currency: -$8.1mil

I thought this would get easier amd I would care less about the price as my portfolio grows. But I've held cash for the past 6-9 months (4.70% interest) and missed out on the recent growth due to this mindset.

How do y'all justify buying in at the current ATH? I'm talking about DHHF, IVV, VGS and similar.

Hey guys,

Curious what would you be willing to pay (in MER) for an ETF which tracks an index like FTSE Global all-cap or MSCI ACWI? Or even Solactive all-cap all-world

Like something similar to VT in the US. I believe they charge 0.07% (but also securities lending).

I know you can make your own VEU+VTS/IVV combo, but VEU is not Aus domiciled. Otherwise a VAS/A200+VGS/BGBL+VGE, but it excludes South Korea and Poland and small caps (if that’s important to you). This is assuming this is Aus-domiciled and in one ETF market-cap weighted and unhedged.

I think one issue would be currency risk and hedging though, but some people are okay without hedging. If you wanted to hedge you would need to add another ETF to offset this.

VDHG and DHHF have either more home bias or hedged ETFs and don’t have this issue. But they’re not nearly as popular in Australia as Canada’s XEQT is. The best country for us to compare to might even be Canada, who also have a lot of Banks and Miners like us.

XEQT has Canada (20-25%), US (44.5-50%), EM (5-5.5%) and remaining developed world (~25%).

XEQT’s underlying ETFs (XUS, ITOT, XIC, XEF, XEC). It has a MER of 0.20%. It has about 9500 stocks and no bonds. They even have a sub for it: r/JustBuyXEQT.

I’m wondering whether this type of ETF might be better given the current risk element and possible home bias preference. I believe VGS/VAS or BGBL/A200 work well but it would be nice to have something like XEQT or VT.

It would also be cool to have something like r/JustBuyDHHF or whatever ETF is a good all-in-one that you guys like as a community also. Alot of people like these products because it would be much easier to get people like a spouse in to ETFs with all-in-ones with lower barrier of entry.

I wonder if it really is just the extra Aus that a lot of people who have a homebias don’t want. I know some people don’t want to invest in emerging markets and others want more US than what the market-weighting is also as we’ve seen recently on the sub.

Curious on how popular either of these would be on this sub (like VT or XEQT), what MER you would consider it for and which you would prefer?

P.S. this is not market research.

Hi! I'm a 28m from Perth. I was hoping to get any advice I could get, because I feel absolutely lost with how my career has progressed and my income, and I'm ready to make a commitment to turn things around.. I just have no idea where I can start.

I work as technical sales for a security wholesaler, have been in the industry for almost 10 years, and currently make about 80K/year. I don't love or hate my job, to me it's just a paycheck at the end of the week. I have zero debt, I own my car outright with a value of about 18K, and have about 19K in savings. I think compared to the average Australian, I'm doing pretty well for myself, but I have this feeling that I could be doing so much more to set myself up for success.

There are a few things I want to try and achieve:

Before the end of next year, I'd like to be on a salary of above 100K/year. I can only imagine this being possible by looking at FIFO and/or learning a trade, like being an electrician. I've had other ideas presented by family, such as becoming an insurance broker - I'd have to start as an assistant and get my qualifications, but I've been told that if you're qualified and good at the job, +100K is easily achievable. I don't know many other options, so if there are any others that you think I should consider, I'd love to hear them all.

I'd like to start investing my money, rather than letting it sit in my bank and accrue interest - unfortunately I haven't had much exposure to this at all, I have no friends or family who have invested their money, so I don't have anyone in my personal life who can teach me how to invest safely. There is a sub I found, r/RaizAU which I believe may help, has anyone else been on this sub before?

Finally, my ultimate goal over the next 10 years or so is to have an income of +200K/year. I'm absolutely aware that this is a tall order, and most likely isn't realistic, but I feel like if I don't aim high enough, I'll continue to fail myself. With a bit of research and asking around, I believe If I commit the time going back to Uni and getting the relevant degree and qualifications, that I can pursue a career in project management. I had been to Uni already for a few years (Information Technology, I wasn't enjoying it at all and didn't finish the last year) and some of my classes had been for project management, which I really enjoyed and did well at.

To those who had spent the time reading through this, I greatly appreciate that you've done that. If you have any ideas or advice you think would help me, anything goes a long way, especially for someone like me who's completely lost with himself. I really look forward to reading your comments and talking to you all. Have a great night!

Hi all, I’m currently with Australian Super with a pretty heavy bias in Australian shares. I’d like to even this up to be more balanced with international shares but have a sizeable balance currently.

If I was to change my investment allocation and apply it to my existing balance, does this trigger any CGT? Or are there any hidden fees in doing so?

I tried asking support but they weren’t very clear about this. Thanks if anyone has done this.

Good evening all,

I'm coming up to about 9 years of investing principally in ETFs with a general AU/US/The rest split. I've generally this at about a 30/40/30 split. Currently my AU group is under-weighted so I've been buying that. I've had the nagging thought though that my US investments have consistently performed very, very well, and that maybe I should adjust my weighting to reflect that.

I also have the nagging thought that this nagging thought is self-sabotage that I cannot recognise.

Please tell me which of my thoughts are right or wrong, and why, if you don't mind.

Thank you

Currently with CommBank 🤮, haven't changed since I started working at 18. That's my own fault. I've had a search on this subreddit there's nothing really that answers this question...

I'm sure there's much better ones out there,with higher returns and lower fees... Industry superfunds appear the way to go but there are just SO many...

All my assets are outside of super (~$400k ETFs [Vas/vgs/fang], ~$400k PPOR [$50k mortgage]), hence not salary sacrificing. As I'm on $80k/yr, all my debt is going to my house and passive investments outside super currently. (I'd only sacrifice if I was high income, taxed 37% or 42%).

Looking to FIRE, but figured I'd still get super choice/setup right.

Tldr: what's the most popular super here on FIAUSTRALIA you'd recommend?

Hi all, 28m - Currently living at home rent free, earning about $2500-$3000 net a week depending on OT - I currently have 125k sat in a HISA earning about 5% and roughly 100k scattered in investments ranging from stocks, etfs & crypto.

My question is should I look at getting a investment property so I can start loading up an offset account, I don't see myself moving out for atleast another two years as parents don't want me to leave and I have it good at home

OR

Should I load up heavy on multiple ETF's and forget about them, I don't like the idea of having a large sum sat in the bank as its barely earning anything - If I was to go this route would I be better off putting a lump sum into ETF's or doing multiple deposits regularly?

Any advice would be greatly appreciated