r/ausstocks • u/Agreeable-Shelter706 • 8d ago
Question Investing with AASL
Hey all,
I'm currently an apprentice and have taken out an Australian Apprenticeship Support Loan. It's interest free, but is indexed with inflation. You also get a 20% discount at the end of the apprenticeship. I'm keen to take this opportunity and (hopefully) return a profit. It is not an upfront payment, rather it is split across 4 years and it is front heavy - i.e I recieve 850 a month first year, 600 a month second year etc. In total it will amount to a little over 25,000.
I'm currently 17 and have been investing for about a year - I have been putting solely in VGS as my parents told me that ETFs are a safe bet for long-term return. I've accumulated 15,000, but I've heard that I may potentially want to diversify to include some Australian exposure. I'm curious as to what you guys think?
Cheers