to begin with....21 and a stable income of over $100,000 well done mate, don't know what you do but I should be doing it!

Really there are only 2 strategies in Australia that efficently build wealth:

1) borrowing to invest
2) contributing to super via salary sacrifice

your doing the first one and given your age the second wouldn't be high priority for you I'm sure.

looking at what you've got I'll make the assumption that you either don't own your own home or have very little equity built up in your exising one. Which is why you have invested in the Macquarie funds as they offer 100% investment loans.

I generally don't like these Macquarie funds and similar products as they generally have higher fees and often poor returns. However as there would be no other way for you to borrow to invest your limited to these type of products which generally offer a 100% capital guarrantee.

so your advisor has done the right thing by you, borrowing to invest is a good strategy, but given your lack of equity to borrow against he has advised the next best product. Ideally you would borrow against your house or have a margin loan against a portfolio of shares.

so what could you be doing better?

1) build up your portfolio of shares and managed funds through regular contributions. why? this will build up your equity over time and enable you take out a margin loan at some stage. a margin loan will give you more flexibility over what you invest in and is often a much lower cost option to these protected 100% investment loans. just as a guide they with generally lend against blue chip shares up to a LVR of 70% so on a portfolio worth $50K they would lend you up to ~$115,000.

2) contributing funds to super. why not contribute a small amount each year? say $5,000 via salary sacrifice? After tax it would probably only cost you $3,500 and the compounding effect over time would be considerable.

I like to tell my clients who fit in the 18 - 25 bracket the following as a rough guide:

$1,000 pa contributed to super via salary sacrifice for 40 years, will give you a future benefit of ~$100K (in todays dollars) and after tax it will have only cost you ~$28K.

to get the same benefit over 20 years you would have contribute $4,000 pa (in todays dollars) at an after tax cost of ~$56K

& finally to get the same benefit over 10 years you would have to contribute $10,000 pa (in todays dollars) at an after tax cost of ~$70K

so do you want to pay $13.50 pw now or $135 pw when your 50?

to achieve your ultimate goal you need to be a financial planner, as that's what they do. but you'll have to take a big pay cut initially to get into the business.