20yr old with a $40000 investment portfolio. Help wanted
20yr old with a $40000 investment portfolio
**Here's a breakdown of my investment portfolio:**
• Superannuation/ retirement fund: $12400 balance (invested in hostplus indexed high growth)
• Private credit fund: $20800 balance (invested in a private credit fund: MA wholesale priority income fund)
• ETF: $2890 balance @ $39.97 avg cost (invested in betashares DHHF) (70 units)
• Cash on hand: currently 0
• Amount invested in Individual Stocks:
• aud $1000 @ $0.2519 avg cost in ASX:ARU (aus mining company),
• usd $978 @$605 avg cost in NASDAQ: META,
• usd $1382 @ $133.99 avg cost in NYSE: BABA,
• usd $110 @ $27.17 avg cost in NASDAQ: JD,
• usd $269 @ $141.95 avg cost in NASDAQ: NVDA,
• usd $107 @ $172 avg cost in NASDAQ: AMZN
•
• total invested = $1000 aud + $2846 usd
• value of US/ chinese cross listed stocks has gone down from $2846 to $2602 usd
• value of AU stock has remained the same $1000 aud
**Some details on my financial situation for a better perspective**:
Im a student, will be working full time hours @ flat $38 p/h for the month of july, along with a few hospo shifts here and there @ $38 or $32 p/h for the month of july.
After july, my semester break ends and uni schedule rolls in, I plan to cut down to 22.5hrs at my main role, and maybe 10 hours or less at my hospo gig. This schedule will go on until end of sept I'd say as there may be uncertainty with maintaining my main role after that period, along with exam season rolling around.
\- I don't pay rent or groceries, however I have a car that I do pay rego, fuel, insurance, repairs/ service on. Major repairs has been done so not expecting any large car expenses for a while.
\- I currently pay about $285 p/m on fitness memberships (martial arts and Gym) and $12.50 p/m on necessary subscriptions.
\- I try to DCA about $500 per fortnight on DHHF, i may miss some fortnights if unexpected large purchases/ payments are made. Its looking like I may have to cut down on the amount invested per fortnight if some expenses take a larger proportion of my pay
\- I primarily put aside about 60% of my income for savings/ investment. If i have too much spare cash laying post personal expenses, I usually will allocate that to savings/ investment
\- I plan on securing an overseas internship in Singapore that will likely be from jan- june 2027, and during this time, I will be burdened with all of an adults life expenses, which means that will be my current/ future savings goal. My income will be on a full pause for this period.
\- I also plan on buying a $500 course this year for the purpose of pursuing a hobby.
\- I generally go out about once a week, and do long weekend camping trips where I can.
The goal of this post is to receive insights/ advice on my financials and maybe some life advice; how I should manage it moving forward to maximise wealth in this economy!, what I can do to my finances to maximise wealth in this economy; how you achieved FIRE and what would you do in my shoes moving forward; whether you're in a similar path and have similar goals. Im at crossroads on whether i should continue dca dhhf or investing in general over the next few months or a year given the statistically likely possibility of a market crash as i would like to have liquidity to invest if so called crash occurred. My overarching goal in life is to be financially independent whereby I have enough passive income to travel wherever & whenever I want, have a homebase by the beach, and a Jeep by late 20s, early 30s and this will be done. I believe I have a pretty balanced lifestyle. I dont really want generic advise such as cut down on going out lol, im young, and once a week, u cant be serious. I'd love to hear all of yalls valuable thoughts! Thanks in advance. Love!
\*also any stock recs would be appreciated too!