Free grain of salt advice on this.
I’d avoid it and go with your default stage of life MySuper option in your fund.
Low fees, will be your best bet against the market until retirement and will automatically adjust for your risk profile based on your age.
It’s not easy beating the market long term.
In QSuper that’s called Lifetime. Just stick with that.
But hey it’s your money.
3 Likes
lots to choose from most start with their banks share trading platform
ANZ
CBA
WBC
etc
Then you have guys like self wealth
and stake have recently joined offering asx (previous Us), think they are offering cheap brokerage next 12 months.
cba is $10 brokerage for <$1000 and $19.95 for <$10,000 (edited)
1 Like
theDJR
January 22, 2022, 5:18am
1316
Too lazy to look: has the latter been changed recently?
Is/was <$10,000
It’s $29.95 for >$10,000 (my space )
$19.95 for <$10,000
1 Like
Netflix worth a look. Bit of an over correction to some not so bad news. Disney also worth a look. Seemed to drop just because Netflix did.
1 Like
Soulnet
January 22, 2022, 6:49am
1320
All they do is take money monthly!
1 Like
Soulnet
January 22, 2022, 6:54am
1322
[it only costs you 4.99 p/m to see this post]
How do you bookmark something? Revisit this in a few months…
theDJR
January 24, 2022, 5:15am
1325
Not that I’d know, but hit the ellipsis then:
Thank you! I suspect Netflix is going to be substantially lower in a few months…buying anything at the moment needs to be very very selective
1 Like
With talk of liquidity crisis looming. Where should I park my super if wanting to avoid a correction? Any tips.
theDJR
January 24, 2022, 7:56am
1328
My main tip is: tell me when you’d switch back to “growth”. So many nuffies sold low in March 2020 and didn’t get back in when there was a huge boom afterwards.
Surely you just keep your super in a high growth allocation until you are seriously considering retiring in like 4-5 years time?
2 Likes
Would now be a good time to liquidate and just sit on cash for 6 to 12 months then reinvest?
I now see that is a common trend of a question
I think it would be smarter to move to more safer bets that look oversold. I have added large holdings in CSL and WES. Added more to my CBA and FMG
One thing if you sell your shares on a slide, you crystallise your losses. You’d better be damn sure you know when to buy back in.
Benny40
January 24, 2022, 1:00pm
1334
Sure. It’s possible.
But…
It’s extremely easy to screw it up. The market can do something you don’t expect. And then you’ve lost a heap. So you have a choice of trying to be clever or leave it in a high growth super fund and let the smart people deal with it.
2 Likes