How do I decide what to buy?

Choosing investments can be challenging. Here are some straightforward questions to help you make decisions:

• Why are you investing?

• Do you want income, growth, or both?

• Are you comfortable with taking risks for potentially higher returns?

• How does this investment fit into your overall goals and strategy?

You can consider two main approaches:

• Growth Strategy: Focus on stocks expected to grow in value over time. This can be suitable if you have a long-term investment horizon and want to build a substantial asset base. Keep in mind that higher growth potential usually means higher risk.

• Income Strategy: Seek stocks that provide regular income through dividends. This strategy may be a good fit if you want to supplement or replace your current income.

Remember to consider any tax implications, such as franking credits that can reduce your taxes. It's wise to seek professional advice based on your personal circumstances.

You can find more information and ideas in Webull's Learning Centre to support your investment choices.