polargamerunner
New Member
I'm 21, used to travel a ton but now wanna invest. Starting with like $1000, then $200 a month after that.
Long term goal is saving for a house. I got $11k in savings, $14k in super. Also $280 in bitcoin—just left it from $120 when I was 18. Gonna make about $46k this fin year. Take home ~$1300 a week, save maybe $800–900 (still live with parents). Got HECS debt but nothing else.
So if I invest in super and get the gov co-contribution—tbh, I figure I'd earn interest on way more than starting from $0 in an investment account, right? Plus I get that 50% match, and i f I go above the lower threshold (I'll be close but idk if I will), I can just contribute extra to go under and use it as a tax deduction. Then later, I can access that for FHSS (need to learn more about that btw). Then monthly, I'd invest the rest in SPY or IVV.
Other option is to just go all stocks. Idk, maybe I messed up somewhere? So what's your advice? Thanks
Long term goal is saving for a house. I got $11k in savings, $14k in super. Also $280 in bitcoin—just left it from $120 when I was 18. Gonna make about $46k this fin year. Take home ~$1300 a week, save maybe $800–900 (still live with parents). Got HECS debt but nothing else.
So if I invest in super and get the gov co-contribution—tbh, I figure I'd earn interest on way more than starting from $0 in an investment account, right? Plus I get that 50% match, and i f I go above the lower threshold (I'll be close but idk if I will), I can just contribute extra to go under and use it as a tax deduction. Then later, I can access that for FHSS (need to learn more about that btw). Then monthly, I'd invest the rest in SPY or IVV.
Other option is to just go all stocks. Idk, maybe I messed up somewhere? So what's your advice? Thanks