|Posted on 23 June, 2019 at 1:00|
Remember to hold some cash
In addition to your business, property portfolio, vehicles, and other assets, it is important to hold an investment in "cash". An advised minimum is the equivalent of 3 months living costs, potentially held in a managed fund.
Smartshares accepts direct investments from new investors from as little as $500 per fund and $50 per month ongoing.There is an establishment fee of $30.
Banks often have options, mortgage offset accounts, term deposits, open PIEs, and managed funds. Generally small weekly amounts are allowed to be contributed.