Author Topic: As An Australian, Which Vanguard Fund is Recommended For a 21 yo with no debt?  (Read 1281 times)

bradley.arnold7

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I am a 21 year old male with the minimum $5000 needed for a vanguard mutual fun in Australia, the ASX/300 stock mutual fund has a management cost of 0.75% over here, with other funds averaging at 0.9%, in comparison our ETF's are similar to the US equivalents including the option to purchase the Total US Market ETF at an expense of 0.05% p.a but i wish to make weekly deposits and dont want to incur brokerage. I have just Invested in the Vanguard® Index Australian Shares Mutual Fund https://www.vanguardinvestments.com.au/retail/ret/investments/funddetailASF.jsp)

Have i made a mistake?

Wadiman

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No - you haven't made a mistake

Check out the Australian Investing Thread in the investing sub-forum - lots of advice there.

You should probably think about asset allocation - ie whether you just want to invest in the Australian market or diversify into international as well.  Most here have international exposure and a 3 ETF portfolio (look for fund equivalents) of VEU, VTS and VAS is quite common giving you exposure to the World-ex US market, US market and Aus market. 


Jack

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You should probably think about asset allocation - ie whether you just want to invest in the Australian market or diversify into international as well.  Most here have international exposure and a 3 ETF portfolio (look for fund equivalents) of VEU, VTS and VAS is quite common giving you exposure to the World-ex US market, US market and Aus market. 

+1. I get the impression that most Americans tilt strongly towards the USA, but IMO people in most other countries (and maybe USA too) should try to get pretty close to replicating VT (whole world stock index), maybe with a small tilt towards their home country.