Hi Everyone,
I’m a single mum and I’ve finally reached a point where I’m debt‑free. My car is paid off, I have no credit cards, and I’ve built a $8k emergency fund. I’ve now received a $10k lump sum and want to set and forget.
I’ve opened a CMC account and plan to buy in $1,000 amounts to avoid the brokerage fees. My plan at the moment is:
- 50% IVV
- 20% VESG
- 20% A200
- 10% NDQ
I tried to choose some diverse options with the potential of high growth. I thought four options was the limit before it became overwhelming.
My income is reliable, but things are tight, so I probably won’t be able to add much more in the short term. Eventually I’d like to start making fortnightly contributions.
Also, when I look at the charts they look so high. Just wondering how you know when to put your money in or hold off. It's taken me years to get to this point, so I'm nervous.
Thoughts are appreciated
edit: just realised I miss spoke. I'm not debt free. I have a mortgage but I'm ahead. I have 70% equity in it so I'm comfortable continuing to chip away at the mortgage. and would prefer to start learning how to invest in my future.