BetaShares 2020 Giveaway – winner announced
Congratulations to Ben from Sydney, drawn the winner of the 2020 BetaShares Giveaway. Ben selected “All Growth Portfolio” as the ETF he would like to add to his investment portfolio and has received $3,000 of units in the BetaShares Diversified All Growth ETF (ASX: DHHF).
Ben recently graduated from university and is working in his first full time role post-study. Read interview highlights from our call with him.
Why did you select DHHF as the fund you’d like to own?
“The underlying strategy of the fund caught my attention as it is a blended growth fund with a low management fee – which is quite unique and has been getting quite a bit of traction on Reddit. Additionally, the majority of weight being placed in the developed markets (such as the US & Australia) provides a sense of stability alongside being exposed to the high growth that emerging economies typically face.”
When did you start investing?
“When I was 19 and in my first year of studying finance at university, I was very curious about getting involved in the financial markets. At the time, bank interest rates were creeping towards all-time lows, making me very unsatisfied with the very minimal gains received from interest earned in my bank account. Along with this, my overall understanding of the markets was beginning to expand as a result of my studies and my interest in keeping up-to-date with the latest news relating to markets and the economy which really motivated me to start generating some wealth, so I started investing.”
If you had one snippet of advice to give to anyone thinking about investing, but hasn’t yet, what would you say to help encourage them to get started?
“Before investing, make sure that you know about what you are getting into. It is very important to understand the risk-reward relationship, most importantly it is crucial to know what you are purchasing (if you are pursuing a buy & hold strategy like myself). My recommendation to someone who is new, is to start with ETFs to gain an understanding of the nature of financial markets, then once you are comfortable you may be interested in selecting a few individual stocks to add to your portfolio. Additionally, understanding the benefits of the compounding effect should be enough motivation for someone to take that leap forward.”
Thank you to everyone who entered and keep engaged with BetaShares for future giveaways, ETF investing information and portfolio construction tips.