So should the investment money come from my hooker budget or my cocaine budget?
Or even worse the shoe budget?
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Like OAS said…if you have a pension already, or old frozen pensions, you might already have the budget. Just transfer them into a SIPP and get your Warren Buffett on.
Jokes aside, the Australia equivalent of pensions called superannuation is pretty much mandatory and your employer pays into it at a rate of roughly 12% on top of your salary. So you earn $100k, you get a mandatory $12k paid into your pension on top of that from your employer. The fact it’s mandatory means there’s a whole industry around it and you generally keep the same fund between jobs unless you have a weird set of circumstances.
I just checked mine and then looked at the average for someone my age in Australia and I seem to be doing ok thankfully without putting much thought into that aspect of my financial life other than getting lucky and my employer back in 2007 choosing a good fund for me.
I get it. But investing doesn’t need to be some sort of capitalist money grab. You can actually use the money to help out some companies that are doing good. I go for funds that are ESG, so the companies that get invested in all have certain social or environmental objectives.
apparently the 2 groups of investors that do best are dead people and people who forgot their password for the investment account, because they just let their money chill and do its thing. Over time, all that volatility and stuff tends to even out.
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Remember though that you are not helping the company out when you buy shares on the public stock market, only if you buy them through an initial share offering or fund raising round.
When you buy shares on the stock market you are just trading them with someone else who already owns those shares. It makes no difference to the company other than maybe growing their valuation which might be useful for borrowing etc…
Public stock trading is just people gambling on the future value. Don’t get too invested in buying ‘good’ shares, but I do personally try to avoid ‘bad’ ones (even though I own Tesla cos I like the comapny’s ambitions even if I don’t like the boss).
Worth noting that if you have an all market tracker you are effectively profiting from arms sales, drugs, gambling and fossil fuels.
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Looking forward to our bright future, shares in private security firms and prisons will probably be profitable I reckon 
Rad
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I mean we all know it goes on but my word. they went all in
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Not the first time… Trump telling people to buy and then openly bragging about a friend making billions over night the next day, 6 or so months ago, his tariffs are purely for him and friends to make money from, that’s why they don’t make sense to the rest of the world.
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Just opened an S&S ISA on T212. Anyone got any pies they recommend?
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Beef and potato?
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Any S&P 500 ETF accumulator tracker will do. Continually investing an affordable amount each month (a.k.a. pound cost averaging) and buying that amount will stand to you over time.
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