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Looking for investment advice while living/working in a campervan
Investing Strategy
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!
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Liam Thompson
Asked on 24 October 2024
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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
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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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