Hi Maria.

There’s nothing wrong with this approach, but to be clear, DHHF is designed as an ‘all in one’ portfolio. So there’s nothing that needs to be added to it for diversified mix of Aussie, global and emerging market stocks.

VGS is developed markets as David has pointed out, so this does create some overlap and isn’t really necessary.

All the best.

Hello!

It’s great to hear that you’re taking proactive steps towards investing and building your wealth, especially through ETFs which are known for their diversification and cost-effectiveness. Investing in ETFs like VGS (Vanguard MSCI Index International Shares ETF) and DHHF (BetaShares Diversified High Growth ETF) can be a sensible decision, particularly if you are looking for exposure to a broad range of assets and markets.

VGS provides exposure to many of the world’s largest companies outside Australia, which can help diversify your investment away from local market risks. On the other hand, DHHF is a diversified high growth ETF, which typically allocates a higher proportion to growth assets like shares, aiming for higher returns over the long term, albeit with higher volatility.

Given your investment horizon of 7-10 years and your ability to invest $1,000 per month, you are well-positioned to take advantage of the compounding growth these investments can offer. However, it’s also important to consider your risk tolerance and financial goals. Since you are looking at a relatively long-term investment period, you might also consider other ETFs that focus on different sectors or regions that could complement your existing investments.

For instance, you might look into ETFs that focus on emerging markets (e.g., VGE – Vanguard Emerging Markets Shares ETF) or specific sectors like technology (e.g., NDQ – BetaShares NASDAQ 100 ETF) which could offer growth opportunities. However, these can also come with higher volatility, so it’s important to balance them within your overall portfolio according to your risk tolerance.

Additionally, ETFs like VDHG (Vanguard Diversified High Growth Index ETF) could also be a good fit, as it offers a comprehensive, diversified portfolio in a single ETF, which is heavily weighted towards growth assets. This could simplify your investment strategy while still aligning with your long-term growth objectives.

It’s also wise to keep in m

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VGS is purely developed world international companies. DHHF has a third Australian companies and some emerging markets as well. So there is some overlap and bias to the VGS’ companies which is fair as those markets have performed slightly better (over 1 year).