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How we would invest $5,000 right now
Manage episode 448500611 series 2973166
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So, you’ve saved a chunk of cash ready to invest (very nice), but you aren’t sure what to do next? In this episode we answer listener Ellen’s question, how would we invest a $5000 stash?
We go through:
- Steps to take when deciding what to buy
- Two approaches of how to invest it; lump sum vs dollar cost averaging
- How we personally would invest $5000 right now
How you would invest the hypothetical $5000 right now? Join the conversation in the Facebook Discussion Group, we'd love to know!
Listen to the DHHF and VDHG episodes of our ETF Explained series for more info on these ETFs.
Have an investing question? Record a voice note or send us a message on our website and we'll answer it on the podcast.
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Want more Equity Mates?
- Listen to our original podcast: Equity Mates Investing (Apple | Spotify)
- Watch Equity Mates on YouTube
- Pick up our books: Get Started Investing and Don’t Stress, Just Invest
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In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.
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Get Started Investing is a product of Equity Mates Media.
This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.
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