Hey mate,
before I begin, this in foremost NOT investment advice and just my thoughts/past experiences
Firstly, congrats on your wealth generation wealth so far!
Secondly, its good that you want to diversify and using funds to do so. Have thought of using ETF's as well?
I recommend reading the below:
http://thewealthguy.com.au/managed-funds-index-funds-etf/
http://thewealthguy.com.au/what-is-asset-allocation-investing/
It will provide a general sense on what everything you need to know to start dabbling.
Thirdly, if you are still unsure I would recommend seeing a financial adviser who can guide you through the process such as risk profiles etc...
Forth, there has been a lot of talk of ETFs being better than LIC's as they are more tax effective/lower fees. ETFs that mimic the ASX and other indexes around the world are often use. There are even bond like ETF's as well.
Hey mate, before I begin, this in foremost NOT investment advice...
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Last
$1.49 |
Change
-0.035(2.30%) |
Mkt cap ! $1.649B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.52 | $1.48 | $3.023M | 2.027M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16477 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 2658 | 1 |
View Market Depth
| Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
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Last
$1.50 |
Change
-0.035 ( 1.31 %) |
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| Open | High | Low | Volume | ||
| $1.51 | $1.51 | $1.48 | 888342 | ||
| Last updated 15.56pm 19/04/2024 ? | |||||
| WAM (ASX) Chart |