hello OzBarginers
disclaimer: I'm not asking for financial advice rather suggestions to look into and do my own research…
I have about $50k sitting in an ING savings account at the moment earning 5.5% but paying marginal tax rate of 32.5% on that so really only earning 3.7675%
I have a plan to take extended time off work in a year or two and thus will have a significantly reduced personal income for the time.
So I'm looking for somewhere to park the money until then in something like an edit:ETFs!, that will have little to no interest/dividend earnings rather have safe and modest capital growth of around 5% (bonds?). The aim being to reduce the income it earns in current financial year and have a capital gains event that will happen when my income is much lower.
PS- No crypto!
jv bonds
Bsb: 420 069
Acc: 6942069420