[archangelsupreme]

Got inspiration from the Where are you now, where are you going thread.

Though want to restrict discussions to young investors and those just starting out or have just started their careers.

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***Current Situation***

Age = 23

Work = Recently graduated and have just started working full-time.

Investments = 4 x Managed Funds = Total = $35k

* Macquarie Small Companies Growth Trust
* BT Imputation Fund
* Colonial FirstChoice Geared Share
* Challenger China Fund

Cash Savings = $18k (currently with ING though moving to BankWest soon)

I'm currently saving around ~$4000 per month of which around $3000 goes into the regular investment plans for each of the 4 management funds above. The rest goes into the internet savings account.

Still living with my parents, single, and have no major living expenses. Monthly expenditure I guess would be less than $100 (not including odd purchases such as clothes and stuff...).

I also salary sacrifice an additional 10% (on top of the 9% Compulsory) to super (Industry Super Fund).

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**Goals**

Short term goal is to build up my managed fund portfolio and be in a position to purchase an IP by 25. I want to put together a sound deposit so that I don't have to leverage too highly.

I'm also reading up on direct share investing and hoping to start either later this year or early next year with a portfolio of around $10k (this would of course be taken out of the Cash Savings account). I'm generally a very conservative and cautious person and thus, you will notice me posting alot of "obvious" or "simple" questions. Apologies for that, it's just me trying to keep myself sane and ensure that I don't miss anything

Another thing on my mind at the momment is Margin Loans. Trying to weigh up the pros and cons at the momment and whether I'm really comfortable with all the risks associated with it. I already dipped my toes in the water with the Colonial Geared Share Fund; internal i know, but a start nontheless.

I don't want to margin lend when i start out in direct share investing, as I want to test my skills and get a feel of the sharemarket first....so this may come latter. But I'm thinking more in terms of managed funds at this point.

Feedback and insights welcome.

[samaka]

*** Current Situation ***

Age: 23

Work: Been working full time for 3 years now. Yeah thats three or so years after high school doing nothing with my life.

Living Arrangements: Single at home with parents (yay for no board). No major expenses - fuel for my car and internet bill.

Portfolio:

- $9,985 in Colonial First State - 452 Aus Share
Value down from $10,000 invested 3 weeks ago

- $4,970 in Colonial First State - Global Resources
Value down from $5,000 invested a week ago

- 115 shares in Iinet
Purchased in 2005 - currently worth $462.00 - capital loss of $415.25 inc dividends)

- 150 shares in Telstra
Purchased in 1999 (T2) - currently worth $718.50 - capital loss of $391.50 inc dividends

- 500 shares in my local Bendigo Community Bank Branch
Purchased in 2002 for $1.00 not publicly listed - paying a 10c dividend this year!

- $53,000 in Bankwest account
Moving to Rabobank to get 7.1% instead of 6.5%

- $8,000 in accured annual leave.

- $17,000 in Super
Parents pushed this to get the govt. co-contribution for the last few years - no other contributions

- Save $500 or so a week.

*** Goals ***

Will probably keep saving all my money in the Bankwest / Rabo bank account. 23 years of living with the folks is getting a bit on my nerves. Planning to use up the accrued annual leave and go on holidays from work next year around April for 3 months.

Will look at purchasing my own PPOR when I get back to claim FHOG. I'll hopefully have $60,000 for a deposit. I'll start debt-recycling the loan (prob P&I) will living there. Redraw the equity and invest in an income fund to help pay off the loan quicker.

Once the minimum time frame for FHOG is done I'll probably move back home and rent it out. At some stage I'll use the equity in the property to purhase another IP - or maybe sell off some of the income fund to finance it.

EDIT:

I've never really been interested in a career or investing. The few shares I had where just things my parents recommended (iinet was my own idea though).

The CFS funds are a bit of fun at the moment. It's a small figure I'm going to watch for the next 6 months. I might get a margin loan on the 452 fund at 33% LVR.

[archangelsupreme]

It's interesting to see the type of shares you invested in. I would thought that people might like to start with BlueChips first. Are you planning on selling them off anytime soon?

You invested in the Colonial Geared Share about the same time as me. LOL. though I choose the generic Geared Share instead of 452 (any reason why you choose this fund in particular).

Excuse my ignorance, what's PPOR???

[Sim]

Originally Posted by archangelsupreme

Excuse my ignorance, what's PPOR???

Check the glossary: PPOR

[Glebe]

Originally Posted by archangelsupreme

Excuse my ignorance, what's PPOR???

Principal place of residence, ie your own home if you own it

Edit: beaten!

[samaka]

Iinet and Telstra were bought a long time ago - back when I was young and naive - well I still am I guess I would of considered Telstra a blue-chip back then.

Iinet was about to buy out Ozemail to I was expecting the price to surge - which it did for a few days - but then I didn't sell and they dropped heaps.

I want to buy more shares in the community bank - it's the only banking branch left in my town - so I want to support it. I'll probably get my loan for my first property through them for the same reason (as long as the interest rate is reasonable). I might also buy 500 shares of BEN so that I can get the shareholder discounts they offer.

I'll probably never sell any of them - they're worth less than $2000 combined at the moment.

Actually I'm in the non-geared 452 share. I wish now that I'd gone into the generic geared share instead - I think I picked 452 based on previous perfomance - it was kind of a "this fund looks ok, what the hell lets just do it".

PPOR Primary Place of Residence - as opposed to IP Investment Property.

[crc_error]

This is great! young ones doing well! I'm just out of the bracket at 32 yo!

archangelsupreme your doing well to save $4k per month! what do you do for work?

Prehaps people here can also post goals, ie want to achieve this in 5 years etc.. investing must have a written goal otherwise you will quickly side track..

[MichaelWhyte]

Archangelsupreme,

Great thread, good work! You don't mind us oldies (30's) keeping an eye on it do you to see what you lot are doing? You're never too old to learn, and you might just teach me a trick or two.



Michael.

[archangelsupreme]

Definately. We want to gain insights from people who have been there and done that as well....it's hard starting out so we need all the help we can get.

Seeing people with multiple IPs already around this age makes me kinda envious...though i'm inpsired as I want to get my act together.

I currently work in IT Project Magement in a junior role...hoping to move to big and better things soon.

[DaveA]

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***Current Situation***

Age = 21

Work = Graduate at Big 4 Accounting Firm

Investments = PPOR in Rockdale (in the process of settling)
(sold out of all funds to fund deposit, however have 10k of T3 funds im awaiting CGT 12 month to rollover on)

Super = ~20k

Cash Savings = About 10k in an offset


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**Goals**

Re enter the stock market about July next year.

Purchase IP (in either melbourne or lower north syd) in about the 380-400k price range by the end of 2008.

Chartered Accountant by June 2009

Longer term goals.
Mil in Property by 25
3 Mil by 30
Mil in Funds by 30
LVR level of 80% by 30...

Havent set many goals after 30 though