Seniors and Senoritas. How do you use $50,000 to invest reasonably?
How Do You Invest $50,000?
[Deactivated] on 29/12/2016 - 22:23
Last edited 30/12/2016 - 11:47
Last edited 30/12/2016 - 11:47
Comments
Good point. And what is the situation atm, have ur own house, kids etc.
In general I like ETFs but depends ur situation
not only where you are now but also where you want to get to?
Want to have a regular, steady life with some luxury - save deposit for a house / high interest saver
Want to try and become completely financially free - invest in your earning capacity (up-skill or start a business
Want both, split the money 50/50 between each.I would work out where you want to get to (in say 20 years) and work backwards from there
Buy some Futures contracts
New motorcycle and the other half towards a house deposit
$25,000 for a house deposit. :O
That'll get you a 1 bedroom in the bush.
Or a carpark in inner city.
A crappy carpark in the inner city =D
…towards - I didn't say it was the full amount
If you get a motorcycle then get life insurance so your next of kin can pay off the house.
Señores*
If it was a joke I missed, please disregard.
2 years ago I would have said buy Telstra shares. Actually I told my mum that (80 yo).
How times change, now, hmmm very difficult decision.
Fixed Interest seems now to be the least risky investment.
Buy some Mexican currency
Do your own research then ask questions.
Bitcoins?
Grow marijuana?
Bitcoins are doing good. Heard on the news.
Stocks in companies affiliated with the military… President Trump…
Hello lawlover.
Save up a further $30k and buy a high yielding car.
Deposit for a 2 bedder unit on Gold Coast or Brisbane near a University or the beach.
Travel the world and write a blog.
USD then travel to Argentina and play the 'Blue dollar' market
I love these threads. Always so insightful.
The suggestions are hilarious… I sure hope most of these people aren't remotely serious, but if they are… then I'd laugh even harder!
When you get tired of the jokes, perhaps start off with some basic reading at: https://www.moneysmart.gov.au/
A couple of months ago I would have suggested Bank shares. They were rock bottom with a pretty good P/E ratio. Not now though.
Look for Capital Notes with a good yield and a maturity date that suits you. I'm running out of ideas myself.If you don't need the money in the short term buy a car space and rent it out
pay off all credit card debt, car loan, uni loans ect first then invest if anything left.
I'd invest 90% in beer, pot and hookers, and then just waste the rest.
Post the same thread on whirlpool with just as little useful information as this one:
Based on the OPs 2 posts on Whirlpool and the responses my first advice is don't go to whirlpool for investment advice.
My second advice is to understand that when it comes to investment people have strong bias often based in how risk and commitment adverse they are and their personal circumstances.
I noticed you originally asked about property investment and were mostly told not to go there.
In my own experience the number one reason people bag out property investment is because they want an excuse to not make any lifestyle sacrifices to get into the market. Most of my friends like this are from a single child family where their parents own a house or their parents are quite well off.
Number 2 reason is the people that would need to get a job or a stable job to do this. In exactly the same way that some people too slack to exercise or go to gym will tell you it's unhealthy.
The rest probably tend to prefer higher risk stuff or find it a bit scary.
There are plenty of good value property investments around and people selling them undervalue all the time and I don't see any reason $50 to 70K wouldn't get you into the market if it's what you want. You need to become conversant in the subject, check list and sold values, go to auctions and open houses, start talking to real estate agents and try and find one you can trust, but don't ever trust them. I've seen 2 properties sold 20% undervalue in the last 6 months and I wasn't looking. Somebody dies and the relatives have no idea what the property is worth and sell it for whatever the Realtor recommends. They are all just in a hurry to get their hands on the cash. Different areas and different suburbs are also generally at different stages in their price growth.
Try this, 1 bedroom villa/unit at Albury, positively geared. Albury's gonna keep on growing, minimal risk at $94K (less whatever you knock off the price), and you're in the property market and never have to prove a savings history to buy your next property plus have some passive income. I would spend a few more grand and get a 2 bedder or even a house. I really can't see much risk. If there's an oversupply of units you just take a $10-20 hit on the rent and become the cheapest rental property in town. If you become unemployable and lose your income you move into it. These things are pretty bulletproof, just make sure the strata is not in debt and no pre-existing structural problems.
http://www.realestate.com.au/property-unit-nsw-lavington-123…
If you still have that $70K, get a couple of 10K credit cards with 24 month interest free balance transfers and go pay cash for your first property.
Here's a cute 2 bedder already sold at $107K
https://www.realestate.com.au/sold/property-unit-nsw-lavingt…
Put it all on black (or red)
https://www.vanguardinvestments.com.au/adviser/adv/investmen…
Look at the diversified section at the bottom, pick your risk profile and get it in the market. Call them if you like.
Google 'John (nicknamed Jack) Bogle'
Over what time frame?
Provide more details in your question.