FINANCIAL INDEPENDENCE
Investment strategy
I have paid off my mortgage at age 53. Now wanting to invest not trade. Looking at Australian ETFs and REITs. $340k in super. Would like to maximise my investment strategy so I can hopefully transition to retirement ( TTR) at 60.
4 Comments
11 months ago
Hi Valli. Great job paying off the mortgage, that’s fantastic.
With a timeframe of 7+ years, and a healthy balance already, a TTR at 60 (along with a pension later) looks like a very realistic and achievable strategy.
Hopefully you’re now able to save a good amount each month given no more mortgage payment. If you’d like to maximise the end result, depending on the situation, i think it’s worth researching your super and the tax impacts.
But if you also want to start building investments outside super just in case things change and you can keep access to the money, that makes sense too. Take a look at the most popular ETFs on the following page and do some reading on which line up with how you want to invest: https://pearler.com/explore/invest/au-shares?...
Nobody here can tell you precisely what to invest in, so that part is up to you. But you’re in a great position already, and you’re on the right track, so just take your time learning and start slowly once you feel confident.
All the best.
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Reply10 months ago
Thanks so much Dave for your encouragement:–). As suggested I’ve researched a bit further about ETFs and very interested as an alternative to super which I can access before 60 if needed. I’ve listened to podcasts and done my reading and I realise I just need decide which EFTs and auto invest via the pearler app. My question is if I opt for something like VDHG (which is attractive for its diversification) would it be better going into super for more compounding interest due to bigger balance and no ETF costs ? I’m thinking if look into what my super is invested in and try to complement with ETF rather than duplicate what my super might already be in ? I know can’t give specie advice but does my rationale make sense ? Thanks Valli
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Replynick nicolaides
PEARLER
10 months ago
Thanks for this great thread Valli! This gets into some topics around super and tax that are a little hard to answer in this forum, but your great question inspired us to write this blog – hopefully this helps with your research and of course, if in doubt advice might be the best option from here 🤝
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Reply10 months ago
Wow what a great article ! Very helpful Thanks so much , this app is such a great resource and initiative. Thanks again :–)
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