Australian Low Cost Index Funds // Beginner's Step-By-Step Guide To Passive Investing Australia

Published on November 16, 2020

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In this video, let’s talk about how you can start passive investing in Australia using Australian low-cost index funds. Check out my full passive investing Australia playlist here šŸ‘‰ https://www.youtube.com/playlist?list=PL78Kz6pp8Ry59YY4A1_-XDwmZHlGtmAPh

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I’ve created this video as a step by step guide for beginners, so after this video, you should have enough knowledge and tools to get started your passive investing journey right away.

Don’t worry I’ll be recommending a few Australian low-cost index fund options to help you get started, so this will be as practical as possible.

In its simplest form, index funds are just a prebuilt basket of stocks that mimic a financial market index like ASX300. (ASX300 is the top 300 companies in Australia.)

Instead of owning one share of each top 300 companies here in Australia, costing you $5994 plus a ton of brokerage fees, index funds enables everyday people like me and you to buy a much smaller slice of ASX300 at 76.54.

You still have exposure to the exact same companies, instead of owning one share in each top 300 companies in Australia, you own a fraction of a share.

Honestly just more affordable if you’re just starting out your investing journey.

If you want to know more about index funds, I’ve dedicated a whole video on just that, along with the subtle differences between exchange-traded funds and index funds. šŸ‘‰ https://www.youtube.com/watch?v=UwNtqDSmysA

Now let’s get into the actual steps in passive investing with Australian low-cost index funds.

Timestamps:
0:00 Introduction
0:45 What Is An Australian Low-Cost Index Fund?
2:00 Step 1 – Decide On An Amount You’re Going To Invest Per Month
2:42 Step 2 – Choose A Stock Brokerage Platform
3:05 Step 3 – Do You Value Dividend Income Or Share Price Growth?
3:47 Step 4 – Research Australian Low Cost Index Funds Option
9:40 Step 5 – Keep Investing!

Disclaimer: Iā€™m not a financial advisor. The information contained in this video is for educational and entertainment purposes only. Any purchases of stock that I show during the video should not be considered financial advice and you should consult a licensed financial advisor before making any investment decisions. I will not be held liable for any losses incurred for investments or trades that mirror my strategy. Please be careful!

Passive Income Ideas AU

Passive Income Ideas AU, Australian Low Cost Index Funds // Beginner's Step-By-Step Guide To Passive Investing Australia.

How The Economic Crisis Effected Me – Passive Earnings Saved My Life

But why do we start with charge card first? The essential to setting up several earnings streams is that most of them have to be passive. You do the work once, and reap the benefits on a continuous basis.

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How To Get More Money

Nevertheless, it depends how you invest in property to see whether it’s truly a passive earnings source. With a passive earnings, you keep earning money and it does not matter if you work or if you do not work.

, if you are looking for some extra earnings concepts you might well have come across one of the following thinking it is the answer to your prayers.. Regrettably these plans usually do not make anybody aside from the individual promoting the program much cash and are best prevented. So what make cash quick plans should you avoid?

Can you see a typical theme here? The majority of the financial investments above offer capital on a constant basis. I am a fanatic when it pertains to capital. In my mind capital equals freedom. Here are a few concepts to help you develop your own passive income sources if you don’t like the things I am doing.

The third key to success is producing 2 or more passive income streams. With several earnings streams you can better handle the fluctuation of your earnings. Stockbrokers will tell you the very same – diversify your earnings. Back in 2002 I had only ONE program and it was generating over $5,000 each month. Life was grand and I was just beginning to develop my nest egg. Then, the FDA actioned in and shut the business down. In 2002 this was my main earnings. My earnings went from $5,000 to $200 each month. Needless to state, my way of life changed very drastically. You don’t have to make this very same mistake to discover how essential it is to diversify with 2 or more programs.

Passive earnings is profits that continues to be available in in time, after you have done a minimal quantity of work. Very little means that the most work you will do, will remain in the start of your venture. There is little maintenance work that will require to be done once you are set up. For the most part, weekly maintenance suffices to keep the cash streaming. There are lots of passive income ideas to take into factor to consider.

There are a couple of problems with the conventional technique, though. There is no momentum. You stopped making an effort. Your business slacks off. There are no customers that care that you are gone. Another individual is constantly prepared to leap in and take your location. Whatever needs to be done by you, every day. Every new client should have to have your full attention.

To even more show my point on how extremely valued passive earnings is, people purchase homes just to lease it out for passive earnings! So don’t ignore passive earnings even if the worth is not as high as what you can get with active effort.

You can use 2 standard modes of passive earnings; financial investments and business. Investing cash into reputable investing automobiles can be a fantastic method to make your cash work for you. But not everyone has a lot of cash to invest. But producing passive earnings does not require to take a lot of cash, or any at all. You can create a basic home or internet based business totally free and establish reputable streams of automated earnings. For example, you can begin a website or blog site and use it to host Google advertisements and promote affiliate items. A single website can be utilized for several earnings streams. And as you begin to have extra earnings, you can invest it into additional passive incomes like storage units, vending devices, and rental property.

Be callous with yourself in both evaluating that, and likewise in realising your own drawbacks. Then deal with establishing more streams while you increase the size of each stream. You require to grow your inner self to achieve this.

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