|
The Australian share market is only 2.4% of the world. You’re missing out on lots of companies if you only invest here. Emma Kirk is Key Account Manager – Listed Funds at Magellan Financial Group.
“We're only about 2.4% of global markets. And I think that's the thing. We very much have a home bias. We love our Aussie stocks. We love our franking credits and there's nothing wrong with that, and it's a great way grow your wealth over time. But what you're missing out on is exposure to particular sectors that Australia just doesn't have. These are the likes of technology and consumer staples. The Australian market's dominated by resources and banks. And so you're missing out on different types of businesses that are growing exponentially.” - Emma Kirk
Here are some resources that will help you on your investing path: · When you’re ready to go beyond ETFs, learn from the master - Tony Kynaston’s Quality at Value. Sign up with code SFB for 20% discount. https://qavpodcast.com.au/register-3/ · Track your portfolio & save heaps on accounting fees with Sharesight. https://www.sharesight.com/au/sharesforbeginners · Get your first trade free at Boring but Beautiful investing platform Pearler. Sign up with this link: https://pearler.com/home?deal=sharesforbeginners · Interested in US stocks? I subscribe to 7investing to see their favourite stock market opportunities. Save $10 off your first month with this promotional offer or enter the coupon code stocksforbeginners when you sign up · I use Aussie Broadband for my NBN. They’re great! Especially their local Aussie support and reasonable rates. Receive $50 off your first bill when you sign up with this referral code: 952465
Disclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will also usually receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself.
Shares for Beginners is for information and educational purposes only. It isn’t financial advice, and you shouldn’t buy or sell any investments based on what you’ve heard here. Any opinion or commentary is the view of the speaker only not Shares for Beginners. This podcast doesn’t replace professional advice regarding your personal financial needs, circumstances or current situation
See acast.com/privacy for privacy and opt-out information. |