How to build a (multi) million dollar portfolio with ETFs

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/