Peoples of Pearler — Nguyen
“I wanted to start investing in the share market but I feared making expensive mistakes or buying in at the wrong time. After chatting with a few of my trusted finance-savvy friends, I learnt that it’s almost impossible to ‘time’ the market and that the people who try too, are often the ones who lose out in the long term. So, it’s not even worth the mental energy.
They told me its best to purchase shares that already represent a wide range of shares in the market. It sounded confusing at first, but when I looked into it, it made my life a whole lot easier. It meant that I could just add to my portfolio when and where I wanted for a low cost and low risk.” — Nguyen
A common myth is that the sharemarket is only a place for wealthy people. Incorrect, in fact, almost everyone who has been employed would already have at least some indirect exposure to the share market through their superannuation fund. But if you want to retire early, or see your savings grow faster, it’s up to you to increase that exposure to your own accord.
Even some of the titans of investing like Warren Buffet agree that the average person should invest for the long term, either through ETF’s or index funds. Jumping straight into traditional shares with little to no experience may be a bad idea — learn from Nola’s experience. To clarify, an ETF is short for an ‘Exchange Traded Fund’ which represents a company whose sole business is investing monies in a particular asset class (such as gold), industry (such as healthcare), or index.
An index is a continually updated list of shares, referenced by the value and size of those shares in the market. For example, the ASX 200 index represents the largest 200 Australian companies listed on the Australian Securities Exchange (ASX). An index fund makes no attempt to try to ‘time’ the market or invest in the right ones. It simply tracks the average performance of a market and offers investors a truly diversified investment option.
Investing in ETFs is by far the easiest way to get the diversification needed to reduce share market risk as much as possible. It also means you do not waste your money on brokerage fees when you buy and sell individual companies listed on the exchange. Pearler is attempting to make the purchase of an ETF even easier by creating a simple, user-friendly investment platform in which you can see what your peers are investing in. What’s more, we’ll even let you purchase your first two ETF’s without having to incur a brokerage fee.
True access. True freedom. Begin your investment journey with Pearler today.
At pearler we pride ourselves on the quality of the financial advice we give, however, this advice has not been tailored for you. You may have unique financial goals, circumstances or needs which make this advice inappropriate, and it is important that you know whether you do. If you are unsure we urge you to speak to someone you trust who is competent with money and understands your individual needs, whether they be a trusted friend or professional.
