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Old 03-01-2021, 05:49 PM   #203
Romulus
FF.Com.Au Hardcore
 
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Join Date: Sep 2005
Location: Ivory Tower
Posts: 5,412
Default Re: Coronavirus scare causing markets to fall

ETF's etc are ok, they can yield 5-10% average returns, but if that's what you're after stick to AMP and other blue chips.

I've got a couple that've returned 80% in 3 months, hoping these will turn into 20-50 baggers. Like everyone says you need to DYOR. Personally, you need $100k to start investing in the markets, I know a couple of folk who've made over $1m last year. Hold for more than 12 months and you pay 25% CGT instead of 50% if you hold for less than 12m.
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