Sirwin
Sirwin

Old School ETFs

By bengy | Idle Musings | 3 Jan 2024


Old School ETFs.jpg

 

This is something that I've been meaning to do for quite a while... and of course, in hindsight, it was probably better to do this a year or so ago when the stock market was still down in comparison today... but still, better late than never for long-term investing. And with all the talk of the Bitcoin ETFs... well, this gave me a reminder and a kick in the arse to get a move on with something that wasn't too difficult to do!

I'm not really looking to make short or even medium profits on trades. But instead, this is more for investing a small bit for our kids when they get older, so that we can hand over the shares to give them a little bit of a boost into their adult lives.

Recently, our bank enabled a option to purchase a selection of 10 ETFs via their mobile phone app. The best thing about this is that it is geared for smaller purchases, with a low brokerage fee. So, ideal for what we were looking for. And in the spirit of ETFs... I figured it was easiest to go with the a complete exposure across the 10 ETF themes. So, a mix of investment "types" like Tech or Sustainability... a broad ASX ETF... as well as global and foreign exposure as well. It is really hard to tell which way the stock market will go... potentially it will all crash from here... but I suspect that if that happens, the interest from the term deposits aren't going to be much better either.

... and always being the pragmatist, I did leave money in the term deposits as well...

But doing all of this... again, I was again exposed to the sheer inefficiency of the stock market system. Again, a very much analogue infrastructure with a digital wrapper that makes people think that they are living in a modern digital world. However, with T+2 settlement times with public holiday delays and stock market opening hours... it took nearly a week for the trades to be properly settled! A far cry from the always live and near instant settlement of the digital native markets... the plumbing is definitely ripe for fixing!

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bengy
bengy

I am a Musician (Violinist/Violist) specialising in Early Music living in The Netherlands. I have a background in Mathematics and Physics due to an earlier tertiary level study... and so, I'm still quite interested in Science and Technology related stuff!


Idle Musings
Idle Musings

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