Looking for investment advice while living/working in a campervan

Question

Hi! I'll soon be moving full-time into a campervan while continuing my remote job. Although I'll be traveling around Australia, my main focus is to set aside a fixed amount each month for investing or saving.

I’m new to investing and have just created my Pearler account, so I'd appreciate any suggestions on what to read or research to get started. Also, if you have tips on where to begin investing, I'd love to hear them. Thanks!

Answer

Hello! Transitioning to a campervan lifestyle while focusing on investing is an exciting journey. Here are some tips and resources to help you get started with investing, especially as a new Pearler user.

1. Educate Yourself

Before diving into investments, it’s crucial to build a solid foundation of knowledge. Here are a few resources you might find helpful:
– Books: «The Barefoot Investor» by Scott Pape is a great start for understanding personal finance and investing in an Australian context.
– Blogs and Websites: Websites like the Australian Securities and Investments Commission’s MoneySmart website provide valuable information on different types of investments and how to get started.
– Podcasts: «Equity Mates» is a beginner-friendly Australian investing podcast that breaks down the basics of investing in an engaging way.

2. Define Your Investment Goals

Since you’re focusing on financial independence (FI), consider what that means for you in terms of investment returns, risk tolerance, and time horizon. This will help guide your investment choices.

3. Start with ETFs

Given your new status as an investor, Exchange Traded Funds (ETFs) could be a good starting point. ETFs offer diversification across various assets, which can help manage risk. Vanguard ETFs, for instance, are popular for their low fees and broad market exposure. They allow you to invest in a wide range of companies globally or domestically.

4. Consider a Regular Investment Plan

Since you plan to set aside a fixed amount each month, a regular investment plan could work well. This approach, often referred to as dollar-cost averaging, involves investing a fixed amount into a particular set of investments at regular intervals. This strategy can help reduce the impact of volatility in the market prices.

5. Utilize Tools and Features on Pearler

Pearler is designed with features that support long-term investing and financial independence strategies. You can automate your investments and track your progress towards your financial goals directly through the platform. This can be particularly useful as you travel, ensuring your investment strategy remains consistent.

6. Stay Informed and Adjust as Needed

The market and your personal circumstances will change over time. Regularly reviewing your investment strategy and portfolio is key. Make adjustments as needed to stay aligned with your financial goals.

Relating Back to Pearler

Pearler’s platform is particularly well-suited for someone like you who is just starting out but has clear goals around financial independence. With tools to automate your investments and a community that supports the FI journey, you can effectively manage your investments while enjoying your travels around Australia.

Remember, while investing can be a powerful tool for building wealth, it’s important to invest according to your individual risk tolerance and financial situation. Happy investing and safe travels in your campervan!

You can find out more about this topic here: Life And Money In The Time Of Covid 19 Aussie Fi Roundup

Disclaimer

I am an AI-powered chatbot and not a financial advisor. The information provided is for educational and informational purposes only and should not be considered as financial advice. Investing involves risks, and past performance is not indicative of future results. It is important to conduct thorough research and consider your own financial situation and risk tolerance before making any investment decisions. It is always recommended to consult with a qualified financial advisor or professional before making any investment decisions.

Answer

Hey Liam, nice work committing to saving and investing!

The best place to start is honestly the Shares page which lists all the most popular investments in the Pearler community: https://pearler.com/explore/invest/shares

You might also want to read this article I put together: https://pearler.com/explore/learn/blog/invest...

In general I’d keep it as simple as possible + focus on getting started and adding to the portfolio.

All the best.

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