Can we turn $100 into $350k?

Introducing the $100 challenge

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Today’s email is sponsored by Intelligent Investor

What we’re chatting about this week…

Introducing the $100 challenge.
Did you know if you invest just $100 each month, and earn the market’s average return you can accumulate over $350,000 in 40 years? It’s all thanks to the magic of compound interest.
Hands up who doesn’t want that money?

So we set ourselves a challenge. Once a month, Bryce and Alec will be looking to find or earn an extra $100 for their portfolio. In March, Bryce is looking to sell his drum kit (hit him up here), and Alec is investigating just how much you can earn doing online surveys.

Stay with us in 2023 as we find ways to get extra cash - we’ll share our results here too! Of course, we don’t want to do it alone either - tell us your ideas at equitymates.com. 

It seems like everyone we know has a side-hustle. Or is it just us? Everywhere we look, people are determined to earn a little bit (or a lot) of extra cash to help ease the rising cost of living. But sometimes side-hustles grow up, and become huge, all-consuming, full-time businesses.

Over the next 2 months, Maddy and Sophie from You’re In Good Company are talking to some founders who took the leap and made their side hustle their regular gig. They’ll be talking to exercise moguls, cosmetic entrepreneurs and lingerie designers.

This week, they’re chatting with The Daily Aus’ co-founder Zara Seidel.
Find out how she went from selling inflatable pool toys to co-founding a digital media powerhouse.

Question from the Community

Have you asked this question? We’re not surprised and you’re not alone.
It’s the number one question we hear from the Equity Mates community.
As a recap, here’s the factors you should think about when choosing which broker to choose:

  1. The perfect broker does not exist. So don’t put off getting started because you’re waiting for perfection.

  2. Get across the price of trades and fees charged. Is this a full service broker? Do you need access to advice? And is that worth it to you? Or do you want every single dollar you have to go into your investing? After all, you’ve DYOR & only want to buy the ETFs you want.

  3. Does the broker trade in the markets you want access to?
    Australian, American, European, ETFs - check the broker gives you access to the investments that you want. You might have several brokers to access all the places you need!

  4. Your personal preference. Look at the interface - do you want heaps of charts and metrics? Or is basic best for you? Everyone is different and there is no right or wrong.

    Remember, if you change your mind - you can switch brokers!
    It’s deceptively simple to do - and shouldn’t be an expensive process. In fact, Ren has changed brokers 4 times.

Today’s email is sponsored by Intelligent Investor to celebrate their latest fund launch: Intelligent Investor Select Value Share Fund (ASX: IISV).

Most Australian investors are underweight in global shares. Intelligent Investor want to change that by offering instant access to international market leaders alongside familiar Australian names.

The market selloff of 2022 was a tough year for investors, but we enter 2023 with value opportunities around the world. Today, Intelligent Investor see hundreds of great overseas companies trading at more attractive prices than their Australian counterparts.

Doing the work to identify these value names is difficult, time consuming and expensive. That is why many investors choose to outsource that work to the experts. IISV is a simple way to invest abroad in elite companies for the long-term. The fund will be a collection of 20 attractively priced global businesses married with Intelligent Investor’s best Australian investment ideas.

IISV is an active ETF that can be bought on the ASX. The fund aims to outperform the broader market and offer global and local diversification. It’s a tightly managed fund of businesses that meet Intelligent Investor’s screening process of high quality, intelligently managed businesses trading at prices that can provide double-digit returns long into the future.

IISV launches 31 March 2023 on the ASX. Intelligent Investor is offering early access to the fund via their initial offer.