FIRST TIME INVESTOR
Moving from Micro
Hi there, I am a low income mum of 3 trying to invest for our future. I am currently investing with automated payments fortnightly into micro investments. I’m just wondering at what point do I move over to bigger etfs etc? Would this be a case of selling my micro and using that to invest into bigger etfs? Or is there a way to somehow transfer micro to bigger etfs? Thank you :-)
Sign in to add a comment
Comments (4)
HI Chanel.
Awesome work getting started investing despite a tough situation!
Good question.
Generally it makes sense to move to normal investing into ETFs for example when you’re able to invest say $500-$1000 at a time. Now that might be once every few months or something like that if you aren’t able to save a lot, but that dollar amount would be where it starts to make sense.
Having said that, if you find it easier and more motivating to invest smaller amounts more frequently, then continuing your current approach might be the way to go. We’re likely to do better with the approach we find more motivating and enjoyable to follow.
Hope that helps.
Dave
Reply
4 likes
View all 2 replies
Related posts
First Time Investor
If only I had only known ...
Lets share our best first mistakes with investing.... I can go first, I didn't know that dividends that are reinvested ...
First Time Investor
G'day how are you all going my name is Dave l'm new to Pearler
Dave Here, I would like to say I'm excited about joining the Pearler family, I'm not working at the moment I work in the...
First Time Investor
Shares cash
Having a hard time wording this but here goes.. I’m currently depositing $125 weekly, I have four etfs.. I have shares p...