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41 and starting out
Financial independence
Hey there, I am 41. I have a house deposit that I'll be holding onto for a house in the next 2 years. However I really want to start getting into investing now. I realise I'm late in the game so I'm looking for a bit of advice for my investment journey of I guess the next 30 years or so. I have 5000 to put in right now. Then, we will put in roughly $400 / month going forward. More when my income in my new business increases. I don't have the luxury of starting 20 years ago so I was thinking of going with a ratio of safer vs something a bit more concentrated. Do I go all into an S&P500 such as VOO/ VTI / VT and just concentrate on that or should I do this with maybe 20%-30% in a concentrated sector (looking at AI) My thinking is that the concentrated sector could offer more in a shorter amount of time. Any advice for an older newbie would be great. Thanks!
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Bronwyn
Asked on 15 April 2025
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Just my view here: If you are planning to buy a house in next 2 years I would put your focus into saving as big of a deposit as you can between now and then rather than putting money into additional investments right now. Once you have purchased the house and are in a position where you are paying your mortgage and covering living expenses then you can think about drip feeding into some form of investment. As an example I would at least be keeping the additional funds as a «emergency buffer» if you dont already have one. Also dont forget the tax effectivness of investing through Super, keeping in mind you wont be able to access the funds until retirement. That said Super is a fantastic tax effective option over the longer term.
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