Hi Guys,
As we all know, interest rates for savings accounts are awful, so my question is very simple (and complex at the same time). What would you do if you have 150k cash.
Term Deposit, buy an apt, shares ?
Tks
What would you do with 150k?
Gostoso on 25/07/2016 - 18:56
Last edited 25/07/2016 - 18:57
Last edited 25/07/2016 - 18:57
Comments
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But you will need to pay Council rate
living off the grid? but there is no cable of 4g, how will he live?!
some rural areas have nbn
Buy popcorn and drinks at the cinema.
Still not enough.
Index funds. If you want 'property' investing in REITs is probably better
Or just buy property aye coz Australian's are obsessed with buying houses n shit. Then buy a ute with a personalised number plate 'INVESTA"
Ask Scotty if Ozbargain website is for sale and what discount he can give on it.
that would be over a few mil mate easily.It's in the top 50 sties in Australia+ affiliate links.
But you underestimate the power of the OZBargainer bargaining spirit! The irony of not discounting a discount hunting webpage would create a rift in the space/time continuum. It will need a discount applied plus cash back from cash rewards. Advertising it on here would be a breach of rules (not enough quantity).
top 50 according to?
Invest all in Nintendo stock…
To be serious, Pokemon's success has already been factored into the price. And then some.
When Nintendo releases actual results of when Pokemon is in full flight, it will likely go down. (stock market often gambles on the future, not today)
It already has…
http://www.kotaku.com.au/2016/07/nintendo-stock-skyrockets-t…
In one day, it dropped by the maximum % a stock is allowed to drop by in a day (18%).
It happened because Nintendo released a statement saying they didn't actually make the game, and the game does not lead to any changes in their financial forecast. The people who recently bought stock then quickly offloaded it. It's still higher than it was before the skyrocket (for now), but it's trending downwards.
Buy a property, use it for negative gearing, get rent and capital gains and possibly a place to live later in life if necessary.
I know not everyone agrees with this strategy but I used it as a long term investment and Im now 41 with a family and a portfolio of property which earns me money on top of my wages. Not to mention I'll have something to give to my kids to give them a good start while everyone moans about the market being too hard to get into. I'm not sure how old you are but it's served me well and I started in my 20s. 150k is an outstanding start no matter what you choose but choose wisely and I wish you the best of luck with whichever option you take.
You started in your 20s and now 41 so you most likely rode the property boom to end all booms. It's unlikely to be repeated.
I've heard people say that all my life but I've made money on every property I've bought. I don't worry about when I buy, I just hold onto it until I get profit. The OP sounds like they have time on their hands. IMHO, that exactly what you need.
If you are not sure, save it at bank. Citibank currently offers 4% interest rate for their saving account for 6 months.
buy 100 TB data and get good graphics card
I been eyeing off a 2008 Maserati so $60k would go there. $10k for my sons education and a holiday for the family. The depreciation of the car has happened so won't lose much. My mortgage is very easily maintained so the rest of the $$ would go there to make it even easier!
$10k on your son's eduction is Chicken feed. A good private school costs $25-30k a year. $60k on a 2008 Maserati is a bold move, service costs on its Ferrari engine will be insanely expensive.
I'd buy a Porsche 930. Drive it, love it and watch it go up in value
Thanks for all your comments guys !! you rock !!!
I will definitely seek financial advice for 120k. The rest..and following the OZ community:
10k on red
10k black jack (one hand)
15k upgrade wife
3k various Erotic Massages
2k new bikeTks guys
spend $150k on plastic surgery to look like kim kardashian
http://i.kinja-img.com/gawker-media/image/upload/t_original/… .. nailed it!
What can I do with 1.2 millions?
seriously? lol
In Australia there is no need for investment advice. Simply do what all the other middle class folk do, and invest in property. $150,00 will get you 1.5 million in property. Prices of houses in cities are going up by 10% per year = $150,000 capital gain/year without having to do a day's work. And you can still rake in a heap of middle class welfare.
If you goverment were to terminate handouts and tax breaks for the bourgeoisie, Australia would pay off it's depth very quickly.
In Australia there is no need for investment advice. Simply do what all the other middle class folk do, and invest in property. $150,00 will get you 1.5 million in property. Prices of houses in cities are going up by 10% per year = $150,000 capital gain/year without having to do a day's work. And you can still rake in a heap of middle class welfare.
The average apartment/small house costs around $750,000, that $150,000 of yours is only providing 20% of the capital, the rest will need to be borrowed.
For you to make 10% on the 150,000 will take a lot longer than 1 year, not to mention the interest payments, legal fees, selling fees etc.To make millions from property investments, you really need much more than $150,000, I wouldn't go with property right now
lol exactly, you need the borrowing power and all the fees thatt come with buying a second property
I would buy a wife and give her color television with remote control.
Borat, that you?
offset against your current mortgage. Increase your repayments to double weekly, and pay off your current house in <5 years. Rent it out and buy another one, much bigger, with a pool and rumpus room. Use rental income from first house to pay for new bigger house. Have big parties….have kids, relax!
I see where you are coming from. Yes if fully owned you will need to claim the rental income as part of your income therefore lifting your taxable income. Alternatively, if you leave an amount on the mortgage and use the rental income for partial repayment then that would have tax advantages.
Put it on bitches and hoes
Double up at the casino
Property Anywhere within 40km of the Melbourne or Sydney CBD
I would buy Donald Trump's hair piece.
mortgage repayments.
buy a $50K apartment, a car and a nice PC
I'd spend half on blackjack and hookers, but just squander the rest.
I would purchase a positively geared property outright in a location such as Elizabeth in SA. You could easily get a place for $150k including all costs associated with the purchase and it would return at least $220 a week. A grand a month income bam. If it's not tenanted you have no risk. I'm not saying Elizabeth is the best place to buy but somewhere like that would work.
It really depends on how you live your life, if you like to work lots then buy a decent place and put in a large deposit. If you want to work less and travel more then I would be going with the high rental yield property option.
There was a guy who sold everything he owned, and took all of his money and put it on black in roulette. This is the ultimate risk taker. It's not possible to risk any more than that. It had to be the most tense few seconds of a spin ever. It's on youtube.
And yes, he doubled his wealth. Had he lost, he would have lost literally everything, and had no money for food, no place to stay, no way to even afford a place to lodge for the night. He'd have been a homeless bum.
I do not suggest you do this. I just thought it was a crazy story worth mentioning… But 300k, hmm.
Retire.
Break Bad
Are you buying a new car? Lol
Like the Mercedes in the other post? HahaI did :)
I made 25,000 of profit selling iphone 6+ phones when they first come out. This included paying heaps of people to wait in line and buy the phones and also online orders. Had my workplace buy them and i paid them back.
Whatever I didnt sell (mainly the iPhone 6), i returned for 100% money back. overall a satisfying win for me when i was 10k in debt… :) now im not anymore…..
Reduce my mortgage to $0.00
Freehold property! :D
Buy a brand new Mercedes GLS 350D for 140k.
You don't come across a lump sum of money like that very often and it usually would take years to save up after spending it. You made the right choice by asking for advice. Research as much as you can on your own but I would recommend talking to a financial advisor or at least people in your life that are well off as there is nothing like real world experience.
The main advice I can give is don't put all your eggs in one basket, i.e the majority of people have all their investment tied up in their mortgage. You really want to have it spread out and there are many options such as:
currency
bonds
shares
realestate
gold
term depositWithin shares make sure to have a diverse investment portfolio, don't have all your shares in one company/industry.
Another thing that many people may not know is you can get stapled shares, where buying stock means you are not just buying part ownership of a company but also something tied to it such as property. So you can essentially invest in property without having to get a mortgage (and pay interest), pay stamp duty and with a lot less than what you would need for a house deposit.
You would be surprised at how much money you can make by a) having money to invest and b) making good (informed and timely) choices.
+1
Or let someone manage it for you (at a cost of a small percentage of the assets) and hopefully earn approx 7% per annum averaged over a long period of time.
https://www.vanguardinvestments.com.au/retail/jsp/investment…
Keep on adding to it and the let the magic of compound interest work for you.
Don't waste time chasing researching investments, chasing returns, spend it on more productive things - Improving your skills, or having fun.
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Buy a house in a nice semi-/rural area and never have to pay for rent or a mortgage.