Author: Mr DDU.
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One day we want to be able to live purely off the income from our investments. The earlier this happens in our life, the better.
What is Superannuation?
In Australia, if you’re an employee you are paid 9.5% extra of whatever you earn every 3 months into a retirement account called Superannuation. Within the Super account you can invest in whatever you want, but you can’t access it until you’re at least 60. I want to retire before then, but I still want to make it grow as much as possible with the 9.5% money that is automatically added.
As with our dividends, we’ve kept track of how we’ve been doing since the start of the new Aussie tax year (July to June) so I’m starting with my Super balance from July 2015.
As at 1/07/2015
Made up of:
International Sustainable Shares
Australian Sustainable Shares
All of the above amounts are funds, rather than individual stocks. I have invested a lot of my Super money into international shares because with our ‘normal’ investing I don’t think we will be investing much in international companies that aren’t on the Australian Stock Exchange, nor will we be invested much in property (either REITs or owning property).
I can invest in individual shares once I have a $6,500 balance, so hopefully not too far away.
Thanks for reading this article about our investing journey Down Under.
Onwards and upwards!