Good evening all,
I'd like your feedback on what you would chose to invest in if you were to be given $150,000. This would be after you'd had some play money for holidays and goodies and paid off any debts, you've got this amount left. Real estate? If so, where? What type - residential or commercial? Shares? If so, what companies would take your fancy? Leave it all in the bank to accrue interest? Would be very interested in feedback.
Typical bargainer wants free advice instead of paying commissions to financial planner.
$150K is a tricky amount - enough for deposits on residential or small size commercial, and too much to put in the bank to earn peanuts. It really depends on circumstances of individuals.
$150K - enough to buy in World Series.
"Typical bargainer wants free advice instead of paying commissions to financial planner."
If financial planners are so good at making money why are they still working?
because it takes money to make money.
@tomleonhart:
Explain old financial planners to us then?
I use people who have actual results as mentors and by results I mean people who have been able to retire early, people who have nice stuff and little to no debt.
I wont use "financial planners" who get paid commissions to push a particular product whether it is good or not.
Thanks for the jab there, but no, not asking for free advice, curious as to what everyone would do if they were presented with these circumstances.
I've got 100k in annuities with Challenger for 10 years.
See https://www.moneysmart.gov.au/superannuation-and-retirement/…
how much do you get every year?
Only 4.8% of original investment, so roughly 4800 PA. Once policy expires you get the original investment back.
half disappears in tax though?
Just curious - What attracts people to annuities?
Low return and money frozen for 10 years - touch wood no war.
Looks like both an asset and income stream from a home loan lender's eyes - supposedly useful when you've hit the serviceability wall. Can't think of another reason though.
On my revolutionary startup
Pay the mortgage and retire.
In Thailand? $150,000 isn't going to get you far into retirement in Australia :)
A piece of land in a new growing estate, you will always make money.
Rubbish
This is the guy who's buying 1100 bags of rice for profit.
AHHAHAHA might as well change my name to riceguy
Actually, done sensibly, I think it's a good suggestion.
First we get asked about $50,000 and now $150,000.
My advice is talk to a financial advisor. Be careful that they declare any comminssions etc. they might be getting from various sources.
Sorry if it appears like a duplicate question, I do have a legit reason for asking, of which I will come back and share once it comes to fruition ;)
ahh, so you are a financial adviser your self, and each question is you wanting to know what to do for a client..
Haha,no, not a financial adviser. Promise I'll come back and tell you guys the situation when I can.
maybe some diversified shares and or index/ managed funds?
Shares..
I've watched them go up and down (down at the moment) but they will rise again!
CBA shares are a great price at the moment! And dividends pay good profit!
I have ~$200k in shares and it started from 130k ~5yrs ago.
Did go as low as ~110k but back up and still winning!
Nice!
Chinese stock market!!!
Casino is easier… No need to open accounts etc, and there's sure to be one in the nearest city!
You can get some international real-estate investments in Nicaragua. I heard it's popping off over there.
You could almost buy a Nicaraguan island.
150000 x $1 scratchies.
Zimbabwean doller??
You get good bang for your buck
LICs/ETFs/Index funds for a good chunk of it so you actually get a return on your money.
Hold your cash? market is very volatile now, index funds are not magic bullets.
Time your buy in chunks. Remember the market is always there.
Demonstrate to Jerry Harvey that it really is easy to give money away.
So for anyone wondering why I asked this question, check out the current ad for Millionaire Hot Seat (available on the Channel 9 fb page). :)
You didnt. Did ya?
I couldn't find it. Tell us more!
Tune in Monday 14th next week at 530, all will be revealed :)
Well done mate
Thanks man :)
@cassidy02 Well done if it's what I'm thinking!! If you have an outstanding mortgage, use your windfall to pay it out thus saving a huge amount in interest.
I would buy ten different shares at $15k each.
Better to buy 100 different shares at $1,500 each. Or more….
Diversification is your friend in the stock market.
There is also such a thing as over diversifying
all on black at the casino!
hopefully ur just asking for general ideas, cause go find a financial planner to give you financial advice that's is applicable to ur circumstances!