Hello everyone,
Long time lurker, first time poster. I've learned heaps on this site and feel confident about many of the changes I've made over the past few years, but investing is still something that leaves me feeling nervous. Any advice you have would be appreciated!
Status: I'm American, lived in Perth for 3+ years, married to an Aussie. We're both relatively young, at the start of our "careers" with a lot of job uncertainty for the moment.
Current allocations:
31% = cash in savings earning 3%p.a. (12-month emergency fund plus savings buckets about to be spent to visit America)
15% = term deposits for 5 years earning 4.5%p.a. (done before we got opened the Vanguard account)
14% = Aussie partner's Super (Australia-based high growth)
4% = my super (sustainable high growth)
36% = Vanguard Australia account in Aussie partner's name, the Australia high growth fund
Questions:
1). Is it enough to diversify within our couple-dom, or do we need to diversify within in each account? In other words, does Aussie partner need to buy another fund within their Vanguard account, or is it sufficient if I open a Vanguard account with a different fund?
2). I've got the minimum deposit to open an account at Vanguard in my name (outside of the above stash allocations), but which fund to choose? I'm tempted towards the International index fund in order to diversify since everything else is Australia-based. But with AUD weak at the moment, is that a bad idea? Should I choose another Australia-based fund and wait to re-distribute after AUD regains some footing?