Buy Hold Sell, by Livewire Markets
Business:Investing
While it has become somewhat of a meme and investing trope that the first million is the hardest to make, there's no doubt that it is true.
In fact, the advisers featured in this episode say it can take 35 years, but you have to invest $740 a month, every month, at a 6% annual compound rate. For those with a little less spare cash (or just starting out on their investing journey), a $53 investment every week into an ASX index fund could turn into just over a million dollars in 40 years.
But that's not to say Australia isn't flush with millionaires already. According to research from Praemium, there were over 635,000 millionaires in Australia in 2021, climbing from 488,000 the year prior. Meanwhile, the Australian's annual Rich List found there are 131 billionaires in our country.
So in this thematic episode, Livewire's Ally Selby was joined by Shaw and Partners' Felicity Thomas and Pivot Wealth's Ben Nash for their thoughts on building (multi) million-dollar portfolios with ETFs.
Plus, they also share the biggest mistake they are seeing in client portfolios right now.
Note: This episode of Buy Hold Sell was shot on Wednesday 13th April 2022. You can read an edited transcript below:
https://www.livewiremarkets.com/wires/how-to-build-a-multi-million-dollar-portfolio-with-etfs/
2 stocks fundies would bet the house on (and worst calls from the first half)
Buy Hold Sell: 3 of 2024’s hottest stocks (and 2 in the too hard basket)
Buy Hold Sell: 5 stocks with sustainable and fully franked dividends
10 of the highest-yielding stocks on the ASX
Buy Hold Sell: 3 dividend darlings (and 2 traps)
Buy Hold Sell: 5 speculative ASX-listed stocks with upside potential
4 of the highest quality companies on the ASX
Buy Hold Sell: 5 stocks with exceptional earnings growth
Buy Hold Sell: 3 dogs of the ASX (and 2 darlings headed higher)
The secret sauce of good growth stocks (and 2 that tick all the boxes)
Buy Hold Sell: 5 growth stocks for the next 5 years
Buy Hold Sell: 5 small stocks with big catalysts on the horizon
2 undiscovered stocks (and how to analyse under-the-radar companies)
Buy Hold Sell: 3 under-the-radar stocks (and 2 overcrowded darlings)
Buy Hold Sell: Demand wave to power future-facing commodities (and 4 stocks to ride the wave)
4 undiscovered gems as gold prices hit record highs
Is there still upside to uranium? (and 4 stocks fundies are buying)
The stocks headed for the ASX 20 (and 2 on the way out)
Buy Hold Sell: 3 stocks ready for a rebound (and 2 due for a sell-off)
Buy Hold Sell: 5 undervalued founder-led stocks
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