Step by step

[JackJones1234]

Once you have decided on your investing philosophy (the hardest part) and you are actually ready to put your money where your reading is...I was hoping the actual execution aspect would be simple, but for this first timer, it’s not - I feel like I’m learning to read again..

I want to invest 100k in the S&P 500 from Australia and forget about it for 20 years. What is the best actual step by step process to do this?

Thank you  

Edited March 2, 2020 by JackJones1234
Mistyped

[dmedin]

I would say, respectfully, since you have a large sum of money to invest ($100k) then it would be worth your while to speak to a professional ...

[dmedin]

Personally, I would put my money in gradually rather than all at once.  If you put all of it in right now and the market keeps falling (which it looks like it will), it will feel a lot worse than if you drip feed money in say every month.  You don't feel the pain so badly that way.

[Caseynotes]

10 hours ago, JackJones1234 said:

Once you have decided on your investing philosophy (the hardest part) and you are actually ready to put your money where your reading is...I was hoping the actual execution aspect would be simple, but for this first timer, it’s not - I feel like I’m learning to read again..

I want to invest 100k in the S&P 500 from Australia and forget about it for 20 years. What is the best actual step by step process to do this?

Thank you  

The S&P 500 itself is a leveraged derivative product with all the long term costs that involves. It sounds like you are wanting to invest for the long term in which case a basket of stocks of companies that make up the S&P would be more likely what you would be looking for. So buying actual shares to hang on to rather than just CFDs of the S&P itself?

[dmedin]

58 minutes ago, TrendFollower said:

. Also if you can get ETF’s

Right ...

You don't really want to be investing in a basket of stocks manually when you can just buy an ETF that does it for you.

ETFs are the way, the road and the truth ...

Dividends - worthwhile if you have a huge amount of cash

https://www.morningstar.co.uk/uk/etf/snapshot/snapshot.aspx?id=0P0000UHBW

Regular S&P 500 tracker

https://www.morningstar.co.uk/uk/etf/snapshot/snapshot.aspx?id=0P0000WA5P

Edited March 2, 2020 by dmedin