With the asx dropping I’m thinking about buying some shares through self wealth. Do they pay dividends into the self wealth account if I buy dividend shares. also would people recommend banks at the moment done a bit of reading and looming recession lower rates possibility of lower rates seems banks could take years and years to recover and could be taking a well deserved hiding. would vas be a safer option for me as a starter and what industry now would be the best or safest kind of option. Tech stocks etc I’ve been interested in lifetimes fo4 a while and artificial intelligence companies but lvt doesn’t seem to move to much. It’s interesting times ahead I have been waiting for a market downturn but now I’m nearly to scared to buy.
right got the account setup I probably have to transfer some funds which could take a couple of days then I should be ready. Any tips, how often do people trade im more of a set and forget type of guy so long term doesnt bother me and what are the tax implications if I buy and sell all the time compared to hold? Anyway time for alot of reading and video tutorials Im thinking a small trade to start off with until im confident and start finding my feet.
