Investment In Australia

[renkt]

I've done some searches and I'm not sure if I've missed any posts but I haven't seen anything about investing in Australia and I'm hoping someone can give me some info on potential index funds.

[faramund]

There's at least three that I know of, but
http://forum.mrmoneymustache.com/investor-alley/basic-australian-investing-thread/msg940691/#msg940691
should get you started.

[Coffee_Snob]

To my knowledge, the most popular index fund is Vanguard

They offer both Retail and Wholesale index funds. Most other providers only offer Wholesale funds, which means you either need minimum investment of $500K per fund, or have to buy through a financial advisor.

For example, Blackrock and BT both offer wholesale index funds.

Blackrock: https://www.blackrock.com/au/individual/products/product-list#categoryId=122&lvl2=price
BT: https://www.bt.com.au/investment/products/index-funds/

Vanguard is the only one I know of that offers you Retail index funds. Minimum investment is $5K

But, the retail index funds are really expensive! Vanguard Retail Index Funds start at 0.90% fee p.a.

An alternative option is to buy ETFs that are basically ASX listed Index Funds. They are generally low fees, like 0.2% - 0.3%.

I'm in the process of running the numbers comparing Retail Indexed Funds vs ETFs. Let me know if you want to know more.

[birthday]

 Let me know if you want to know more.

I want to know more! :)

[marty998]

Guys...

halfway down the page is a thread with 2064 posts and counting

not really sure how you can miss it... go here    v

http://forum.mrmoneymustache.com/investor-alley/australian-investing-thread/

[hodor]

If you want to index can't go past ETFs here in Australia, Cheapest way to do it. Only problem for some is there inability to make small regular purchases.

I use vanguard ETFs myself.