915b wwgd: 25yo doctor has $400k in ETFs but...
4/15/202651 min
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Connor is a 25yo junior doctor renting for $145 a week and somehow has $400,000 invested in shares. But when he asks Glen James about buying his first home, optimising his portfolio and figuring out when "enough is enough," Glen's take isn't quite what he expected.
👉🏼 Connor's situation: 25yo junior doctor, single, training towards anesthetics
👉🏽 income, savings rate & spending system
👉🏾 cash, HELP debt & super (First Home Super Saver Scheme)
👉🏿 living situation & housing plans
👉🏻 the $400k share portfolio: VAS, VGS & Pearler
👉 specialty training, moving around & the housing timing problem
👉🏼 what would Glen do?
👉🏽 the non-deductible debt problem
👉🏾 investment property vs buying to live in vs keep renting
👉🏿 the two-ETF
👉🏻 should Connor gear?
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This content is for education and entertainment purposes only and is intended for Australian residents. It is not a substitute for professional financial, tax or legal advice. Any advice provided is general financial advice only, which does not take into account your objectives, financial situation or needs.You should consider whether the advice is appropriate for your circumstances before acting on it. If you choose to buy a financial product, read the relevant product disclosure statement (PDS) and target market determination (TMD), and seek personal advice from a licensed adviser. We may discuss products, services or listener questions within our content for illustration and entertainment purposes. It is impossible to provide personal advice in this format, as we don’t know your individual financial situation. We may also change the names of questioners for privacy. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies. Guest opinions are theirs and their respective licence holders. SYMO Interactive Pty Ltd and Glen James are authorised representatives of MoneySherpa Pty Ltd, which holds Australian Financial Services Licence 451289. Please read our Financial Services Guide at moneypodcast.com.au.
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Clips
Transcript preview
First 90 secondsGlenn James· Host0:00
[upbeat music] Today I am speaking with one of our community members. Now, this community member, you might, uh, when you hear it, a lot of times when people come on, they've heard the podcast lots and lots, and they get my vibe. This one's different. This one's fun. My guest today really doesn't listen to the podcast. He reads the emails. He's in the Facebook group, so he probably doesn't really know me from a bar of soap, but that is all good. This is a What Would Glenn Do episode. If you are new to the show, I spend a fair bit of time going into great detail of people's current situation, find out what they want to ask me in, in terms of what would I do in their situation, and then we'll go through and talk a few solutions to what I would do in their situation. It is general financial advice only. Uh, before guests come on the show, they do agree that they will need to get their own personal financial advice because, you know, we really can't do that in a, uh, in a YouTube show. But until then, we're gonna get right into it right now. So who have we got and what are we doing?
Connor· Guest1:12
My name's Connor, and this is Money Money Money.
Glenn James· Host1:14
[upbeat music] Before we get into it, this show is general advice only. I've got a license to provide that advice. Full details can be found in the show description. My name's Glenn James, former financial advisor. I host this show and a show called Retire Right. I've got some