All tagged Managed Funds
Last week I wrote about how I had moved my daughter's investment from an ANZ Managed Fund to SmartShares. I was pretty happy with my decision. After I had made the switch I received a number of comments from my super clever subscribers and they said I had made a bit of an ERROR in going with SmartShares instead of SuperLife for my daughter.
The one thing that is missing on the busy school calendar is of course learning about money management. For sure they learn how to add, subtract, multiply and divide but they don’t learn how to budget, live within their means, save and invest. Where are the kids going to learn about this stuff then?
There is the general feeling that kids don’t learn about money at school, right? But, that is not the end of the world because we understand that as their parents, aunts, uncles, grandparents and friends we have the knowledge to teach them, yes?
It has taken me quite some time to learn about diversification and the impact it can have on my investing. But it turns out that I was actually diversifying even when I still had debt.
