4 ASX ETFs for fast growth, property v shares + how to boost Super by $300,000
Apr 5, 2024
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Financial adviser Drew Meredith and Chief Investment Officer Owen Rask discuss boosting super before retirement, 4 ETFs for compounding, property v shares, catch-up contributions, land tax, and the booming stock market in 2024.
Diversifying investments and dollar-cost averaging can reduce volatility and offer emotional comfort.
Building a highly diversified portfolio across various assets and sectors can provide long-term growth potential and effective risk management.
Maintaining a well-diversified portfolio with strategic asset allocation avoids the need to time the market and emphasizes a long-term investment perspective.
Deep dives
Consider diversification and dollar-cost averaging for emotional comfort
For individuals who are less comfortable with volatility and risk, adopting a strategy of diversifying their investments and potentially dollar-cost averaging over a short period can offer emotional comfort. This approach involves buying small parcels of various investments gradually, reducing the impact of market fluctuations on a single large investment.
Emphasize portfolio diversification for long-term growth potential
Building a highly diversified portfolio that includes a range of assets such as stocks, bonds, gold, private equity, and other markets can provide long-term growth potential. By spreading investments across different sectors and regions, investors can benefit from market opportunities while managing risk effectively. This approach leverages research to allocate funds across undervalued areas, ensuring a balanced investment strategy.
Market timing versus broad portfolio diversification
While some investors may contemplate waiting for a drop in prices before investing large sums, the alternative of maintaining a well-diversified portfolio with various asset classes offers a more robust strategy. By focusing on strategic allocation across different sectors and asset types, investors can benefit from market opportunities without the need to time the market or wait for specific price movements. This approach aims to mitigate risks associated with timing the market and emphasizes a long-term investment perspective.
Investing Approach: Value & Diversification
Breaking down investments over time, the speaker advocates for diversifying a significant balance across months or years for risk management. They highlight a preference for using core ETFs alongside satellite investments to create a foundation while also taking selective positions in individual companies for potential growth.
Portfolio Building & Investment Strategies
Discussions revolved around strategies for generating income for individuals in their 50s, aside from term deposits. The podcast delved into asset allocation between defensive and growth assets, emphasizing the consideration of risk profiles and potential returns across various types of investments, including government bonds, corporate bonds, and higher-yielding securities.
On this weekend's “2 Sense” segment on the Australian Investors Podcast, financial adviser DrewMeredith, CFP and Chief Investment Officer, OwenRask, answer LOTS of questions on Superannuation, including how to boost it before retirement.
Topics covered:
The stock market is killin' it in 2024
Healthcare, REITs and banks are rising fast
Catch-up contributions, $30,000 pre-tax super contributions and downsizer payments
DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.