$10k to Invest in Shares

Unacceptable on 29/03/2021 - 13:47
Last edited 29/03/2021 - 16:54 by 1 other user

I have about $10K in my bank account that I have saved for my child from government FTBs received for a few months.
Instead of using them to pay off mortgage or other living costs I decided to invest in share and give him back when he needs seed money or education say in 10-15 years?
I don't expect it to be a multibagger but just don't know to put in saving account with no to little growth.

So considering dividend (DRP) and future growth which share do you recommend to put the money in?
I am thinking of FlightCentre (a bit risky but have rooms to grow in future) or NAB (for safety and dividend).

Financial Investment

Comments

  • DashCam AKA Rolts on 29/03/2021 - 13:49

    Might be a bit late to jump on Game Stop.

    • brendanm on 29/03/2021 - 14:23
      +2

      Buy the dip

      • techlead on 31/03/2021 - 06:29

        Diamond hands!

  • vinster55 on 29/03/2021 - 13:56
    +2

    Airtasker (ART)

    • Unacceptable on 29/03/2021 - 16:37

      I’m already in (using my own fund).

    • kosmonaft on 27/09/2021 - 09:12
      +1

      It's going down from day 1

  • IncidentalCase on 29/03/2021 - 13:56

    Both are super risky stocks because they both rely on past being reflective of the future.

    We don't know if covid will continue and morph into something similar to influenza. If it does then the whole airline industry will likely lose margin and the travel agents will no longer be paid commission (more likely than the airline going bankrupt).

    NAB is exposed to the housing market and jobkeeper has officially stopped with no possibility of an extension.

  • User2049 on 29/03/2021 - 14:00
    +16

    Just chuck in VDHG

    • dust on 29/03/2021 - 14:15
      +4

      Or DHHF if you don't want bonds.

  • Dr-StrangeLove on 29/03/2021 - 14:04
    -1

    A8G

  • moar bargains on 29/03/2021 - 14:09
    +3

    If you want something "set and forget" the easiest way is to buy an ETF or LIC. Most other stocks will take at least some time to check and manage from time to time.

    • Jimothy Wongingtons on 29/03/2021 - 14:20
      +2

      I made some good gains in early buys of BAT and BNB and LTC. But considering all the time i spent watching charts, reddit, news, twitter, I'm not so sure I'm ahead when i factor in all the time and effort..

  • AdamFury on 29/03/2021 - 14:10
    +2

    AFIC

  • TheRealCher on 29/03/2021 - 14:10

    You've spelled my name wrong, but 5k for starters and I'll feel better…

  • kerfuffle on 29/03/2021 - 14:13

    I wouldn't recommend putting shares in Flight Centre; didn't they have to close a whole bunch of stores last year?

    Afterpay seems to doing quite well after a low of ~$8 only a year ago …

  • dust on 29/03/2021 - 14:15

    Spaceship also seems to be a popular option here.

  • Jimothy Wongingtons on 29/03/2021 - 14:15

    Cant believe flight centre still trading so high.

    Id just go into VDHG unless you're out for gainnnssss

    I personally am just buying BNB whenever it dips below $300. Yes in before the its not deCENtRAliSEDddD

  • Ocker on 29/03/2021 - 14:17

    Don't forget if you buy shares then they will need to be in your name and you will be liable for the tax on dividends and capital gains

  • azndraon on 29/03/2021 - 14:18
    +1

    vdhg

  • Dual on 29/03/2021 - 14:31

    DLC

  • universe on 29/03/2021 - 14:35

    NTO

  • seraphim2017 on 29/03/2021 - 14:46
    +1

    aren't vanguard EFT's good for small investors that don't know much about the market? That's what I'm thinking of until I get enough for a home deposit.

  • pyramid on 29/03/2021 - 14:47
    +1

    DW8

    • 2jzzzz on 29/03/2021 - 15:58

      My fave company. In since $0.011 ❤️

      • pyramid on 29/03/2021 - 21:18

        Wow….that's massive….wish I knew this stock 2 months back….I only came to know via asx bets….

  • ballofspam on 29/03/2021 - 14:49
    +2

    I wouldn't suggest doing that, your putting all your eggs in one basket. You have 10-15 years to grow this investment, which is a decent amount of time.

    As many have mentioned here, I would say a ETF is a good starting point. This is going to be the boring answer, but you need to do your own research.

    Have a look at Rask, I think they have very good learning material. You don't need to sign up to the paid courses or anything, just look at the free ones and have a listen to their podcast. This should give you enough info to make a decision that's best for you

    You can start with these for example:

    https://education.rask.com.au/courses/shares-101/
    https://education.rask.com.au/courses/etf-course/

  • deme on 29/03/2021 - 15:58

    Put it in your super.

    Or Vanguard VAS etf

  • 2jzzzz on 29/03/2021 - 15:59

    VAS or VDHG

    • negger on 29/03/2021 - 21:29

      I can find an arguably better alternative for every Vanguard ETF out there . Wonder why I hear only about Vanguard mostly on these forums?

      • Edsanwong on 30/03/2021 - 08:27
        +2

        Please do share

      • orangetrain on 30/03/2021 - 09:49

        Low fees, bare feet, whats not to love?

        • negger on 30/03/2021 - 09:56

          Would you prefer low fees or better performance?. I found some of the Van Eck's international ETFs much better than VGS as an example

  • Moneyinthebank on 29/03/2021 - 17:50
    +1

    Up Dog
    It's a very exciting new business

  • SBOB on 29/03/2021 - 18:42

    Another vote for vdhg
    Set it, dividend reinvestment, forget it, and hope :)

  • MontyMacaw on 30/03/2021 - 10:27

    A diversified portfolio or an ETF is the only way to go. The next 15 years could be very rocky or very profitable due to the recent turmoil in the world. There is magic money being made out of thin air by the RBA and everybody is trying to invest in the next best thing. There will be a price to pay some time. Taxing the rich will most likely be more acceptable over time, this may include higher capital gains tax. You would need to set and forget it for probably at least 10 years to avoid this. It’s not as simple as you may think. This is no place to get advice. Go back and read the posts from March and April on here where there was panic and mayhem to avoid jumping onto random recommendations. Also what you do may one day influence decisions your son makes when he has a lazy $X000 to invest.

  • techlead on 30/03/2021 - 10:40

    Why are you just considering shares? There are much better investments out there apart from shares and property. In fact the best performing asset in the last 10 years is not shares or property.

  • jrvb42 on 30/03/2021 - 10:40

    Since it's not your money, and you're asking the question (hence assuming limited knowledge of shares), I'd say choose an LIC, such as AFI, ARG, which offer DRP, occasional SPP, diversification, steady dividends, and relatively low volatility. Boring but safer for your child's money. Assuming you won't need the money for at least 5 years - if so, put in mortgage offset, don't risk it.

  • OzHunterNSW on 30/03/2021 - 10:57

    Just buy an ounce of gold - engrave their name. Save till they reach 21.

    Spend the rest on yourself

  • RecklessMonkeys on 30/03/2021 - 11:59

    You should ask yourself how you would feel if the market crashes the day after you buy into it.

  • smhto on 30/03/2021 - 14:24

    I suggest IFL, the share price is stable, and dividend return is good
    https://www2.asx.com.au/markets/company/IFL

  • andrek on 30/03/2021 - 20:16
    +1

    Barefoot's Idiot Grandson portfolio:
    VAS - 75%
    VEU - 15%
    VTS - 10%

    https://www.google.com/amp/s/amp.reddit.com/r/fiaustralia/co…

  • Bushbasha on 31/03/2021 - 07:13

    What about Crypto currency, put it into Theta.

  • Hirolol on 31/03/2021 - 08:25

    A staple like woolworthes or Coles, it’s hard to imagine either of them going bust.

    Either that or just drop 2k in 5 of the top 10 or 20.

  • langitbiru on 01/04/2021 - 17:46

    open few basket

    1) crypto
    2) shares
    3)spaceship

  • jakeau on 02/04/2021 - 11:14

    AFI
    ARG
    MLT
    WAM

    Pick 2.

    Don’t touch individual stocks or you’ll be talking to one disappointed kid!

  • kiitos on 02/04/2021 - 12:06

    I used to have investments in managed funds as well as direct shares. With the managed funds I'd get a tax information pack at the end of the year which made tax time easier. here would always be a capital gains component to the earnings as the fund bought and sold shares during the year.

    Is this the case with EFTs and LICs too? Do you pay capital gains each year even if you haven't sold holdings in the EFT/LIC?

    And do they provide tax info like managed funds do (did), or just dividend statements like direct shares?

  • Foxtail on 03/04/2021 - 10:38

    What about Hive Blockchain?

  • moneysavvy1 on 25/09/2021 - 13:54

    Why don't you send the money to an overseas bank account which provides a better interest rate.. ?

  • pr0o on 29/09/2021 - 11:35

    Hey guys, I also had $12k to invest. I just put it in VDHG (popular Aussie investing :D)

    Your views on my not-so-unique investment option?

    Thanks.

    • rektrading on 29/09/2021 - 12:40
      -3

      FOMO $12,000 in on VDHG and asking about it afterwards sounds like a plan.

      Keep your phone charged because you'll be checking the price multiple times every day.

      • pr0o on 29/09/2021 - 13:07

        I don't check on daily basis. I just want an opinion from others. You don't have to be ignorant.

  • rektrading on 02/10/2021 - 05:34

    Blue chips are on special. Get them while they're red hot.

    As it happened: ASX drops 2 per cent as banks slide
    By Emma Koehn
    Updated October 1, 2021 — 5.01pmfirst published at 8.48am
    SUMMARY
    ASX200 finished 2 per cent lower to 7185.5.
    The big four banks each finished the session 2 per cent or more lower, BHP lost 2 per cent.
    Travel and gold stocks saw modest wins as PM revealed reopening plan.
    https://www.smh.com.au/business/markets/asx-to-plunge-again-…

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