Help me get started please
25M, I earn 2.4k a fortnight after taxes, i save about 1.2k of it. i have 70k in savings. 30K in HECS debt. 0 investments. What should I do?
I would like to buy a property with my gf in the next few years but I want to start regularly investing in ETFs.
I am not very knowledgeable but I dont want to overthink it, i have been thinking about it fir years but kept postponing, I just want to do it. In terms of income, I think If i stay in my current career and on this trajectory then it will increase by a good amount in the next 5 ish year.
Just have a few questions I would appreciate your help with
- What ETFS should I invest in?
2.What should my split of etfs be?
3.What company should I use for it? - How much of a lump sum should I put in at the start and how much should i regularly be putting in after that?
- How does the new budget affect all this? Should I look for alternative investment? E.g put more in super?
- Overall thoughts and what I should do
Thank you very much