What're some hot stocks that we should be paying attention to?
Also, is there any Australian hedges that can return like 10% back roughly? I'm 19, been working casually while studying since I was like 14. Over this time I've managed to save like $12k AUD, can't justify spending all that money on a car or a holiday; want to do something with it to generate more money.
Having it sit in a shitty term deposit is just keeping it constant, making up for like inflation and that's about it. I don't know much about hedging and shit, but surely there's a company that I can throw my $10k into and they'll return $11k after they've pooled it together and taken majority of profits?
Do they have services like superannuation, where you can sort of choose which industry you want your money in; bonds, cash, foreign currency, etc - except it's just like a bank account/term deposit, as opposed to not having access to it until you're 65?
What you need is a macro-market active manager. It's easy to beat 10 percent annually with very little risk.
Dylan Carter
I've been getting >10% wth managed funds for the last 15 years
Zachary White
hello my fellow australian, we had an asx thread yesterday
they used to be daily, but with the crypto craze the threads disappeared completely. we are trying to bring them back on fridays to discuss the last week on the asx
Juan Adams
Where do I get one?
Sebastian Jackson
Go for Vanguard but you need a 5k minimum to open one
Adrian Carter
Thanks
Aaron Richardson
a2m has made me a killing, hedging macro events with short term BAL trades. But the tax on short term gains is a killer.
Go with a managed fund though kid unless you understand exactly how to balance, build and repair portfolio holdings.
Christopher Bennett
>kid
this is why no one respects what people say on here
Dylan Stewart
well 19 is very young, still a kid. The earlier you start with proper investment strategy and consistency , the faster you will understand and pick up on the learning curve.
Managed funds can be a landmine, I've worked for a few and seen mixed results. But the safest bet for mitigating large loss from inexperience.
