Hey Anon great that you've got the basics settled.
I'd say learn a bit more about asset allocation strategies first before diving straight in. What equities, fixed income, property, commodities, cash, and speculative assets are.
Learn how much to allocate to each asset to create a portfolio that matches the risk you're willing to take on your money and how investment horizons affect that.
Then break down your different investment goals. Not all your money is for retirement there will be some smaller goals in between that require different allocations based on how far away they are.
Lastly once you have those broken down, look at investment options that give you access to these assets and the markets they track or is exposed in.
For example, let's say you have a 5yr goal for a wedding and down-payment on a home + renovation costs, 25 yr goal for kid's uni education costs and a 35yr goal for retirement.
I'd invest conservatively for the first near term goal, more aggresively for that medium term goal but then de-risk when that goal gets closer, and very aggresively for the retirement goal.
So I might put 500/mth for that first investment pot into say 20-30% stocks, 50% bonds, 10% gold, 10% cash deposits.
Then 300/mth for the child education investment into 50% stocks, 30% bonds, 10% gold, 10% property.
Lastly another 500/mth into my retirement goal in a portfolio of perhaps 80% stocks, 10% property, 5% gold, 5% speculative assets (crypto, art, derivatives, etc.)
But this has to be done in order. So learn about assets, plan your life, then create the portfolio allocation.
If you want help on this you can of course reach out to a financial advisor that you'd like to work with.
Hey Anon great that you've got the basics settled.
I'd say learn a bit more about asset allocation strategies first before diving straight in. What equities, fixed income, property, commodities, cash, and speculative assets are.
Learn how much to allocate to each asset to create a portfolio that matches the risk you're willing to take on your money and how investment horizons affect that.
Then break down your different investment goals. Not all your money is for retirement there will be some smaller goals in between that require different allocations based on how far away they are.
Lastly once you have those broken down, look at investment options that give you access to these assets and the markets they track or is exposed in.
For example, let's say you have a 5yr goal for a wedding and down-payment on a home + renovation costs, 25 yr goal for kid's uni education costs and a 35yr goal for retirement.
I'd invest conservatively for the first near term goal, more aggresively for that medium term goal but then de-risk when that goal gets closer, and very aggresively for the retirement goal.
So I might put 500/mth for that first investment pot into say 20-30% stocks, 50% bonds, 10% gold, 10% cash deposits.
Then 300/mth for the child education investment into 50% stocks, 30% bonds, 10% gold, 10% property.
Lastly another 500/mth into my retirement goal in a portfolio of perhaps 80% stocks, 10% property, 5% gold, 5% speculative assets (crypto, art, derivatives, etc.)
But this has to be done in order. So learn about assets, plan your life, then create the portfolio allocation.
If you want help on this you can of course reach out to a financial advisor that you'd like to work with.