I have $60k to invest, for about 5-7 years.
I'm 45 years old, own my own house, have an investment property and no debt, apart from the mortgage on the investment property.
Am leaning toward ETFs, though open to suggestions.
$60k to Invest for Approx 5 Years
Actionman77 on 07/10/2018 - 00:06
Last edited 07/10/2018 - 13:35 by 1 other user
Last edited 07/10/2018 - 13:35 by 1 other user
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I hear you mate.
Thanks.
You have charge less then lowest rate which is under 4%
Is it really worth them lying you interest?? Just help them out interest fee,, dunno but to me I wouldn’t even be considering the interest
Whatever you do, spread it around.. put some in your super as well.
Ethereum
Jan 2018 - $1,380 USD/ether
Oct 2018 - $223 USD/etherThe investment is going the wrong way mate.
Invest in Vibranium, highest growth forecast for precious metals.
Must keep pumping and keep dumping
Appreciate the advice guys, though I think this may be above my pay grade.
Depending on your taxable income.
Perhaps you would do good with putting more money as super contribution.
Assuming you are on mid level, i.e. 34% with medicare levy, from the get go, you will be 19% ahead. Tax in super is 15% but you saved 34% so, you are still ahead 19%.
I saw the other day, hostplus super was making 9% last year and their investment seems to be pretty stable over the years any you are not that far off from 55 yrs.
Please note that this is not a financial advice, seek your own professional advice and DYOR.
The first thing you should do is have the money in an offset account. This would normally be against your own home, but as you have paid it off, have it against the investment property. This then saves you interest. Of course, investment interest is tax deductible, but even if you are on the highest tax bracket, you are still paying 50+% yourself.
Whether you should leave it there long term is up to you, but whilst it is in the offset, it is earning (saving) 4-5% per annum totally risk free with an ability to take it out at any time.
I would suggest going with ETF/LIC option but remember that market crash from time to time and you might need to wait a couple of year before getting your money out in that scenario so only invest in these vehicles if you are comfortable with this risk. Personally, I think old school LIC like AFIC, ARGO and MLT are a better option than ETF for an Aussie investor due to a better likelihood of getting regular dividend income from them even during a crash
Thanks lokesh, I have (last night) opened an account on the Self Wealth platform with a view to invest VAS, VTS & VEU……and maybe VDHG.
Good call. Self wealth are definitely the way to go. I use them as well
High interest savings account if you definitely need the funds in 5 years.
two words 'Casino Wars'
60/40, but only a 10% chance of that.
will come back to read the comments again next time.
Positivly geared investment property. $60k = $300k at 80% LVR. Plenty of places to buy at that price with >7% yield. After 5 years, use the equity in the property as leverage for what you want to do… don't sell.
put it in your offset account for the safest 'return'. better than any savings account.
Fastbrick Robotics.
The will build the first 3 bedroom house using the robot Hadrian before end of this year (2018).
Management are entitled to performance shares if they meet certain targets in relation to production etc.
So far they have met all the targets by working overtime.
Personally, I don't mind if management makes money if the deliver. So far so good.
Do your own research.
I personally believe that they will complete the first home 3rd week of dec.
Do your own research and do not put all the money in one basket.
ETF is a great tool for wealth building.
I suggest you invest max $3,000 in fastbrick robotics. If they manage to build the house before end of this year, the price will probably go up 30%-50% short term.
If they fail, price will probably go down 30%-40%
Caterpillar and other major investors have already invested in Fastbrick.
https://www.fool.com.au/company/Fastbrick+Robotics+Ltd/?tick…
Looks very interesting vegemite……lot's more reading on this one to do.
Hey Vegemite - thanks for this, they have a 18% gain today :-)
I was in at 0.165 and exited at 0.195 today. Made about 1k. Still potential to go up to 0.24, as Caterpillar has an option to buy up to $10mil worth of FBR at 0.24, which I think means they'll market buy up to 0.24 before using that option. But I'm being cautious.
If you want me to shout you something (shoes, etc.) let me know.
If you're going for ETFs then I would suggest something that includes defensive assets as a protection against a potential downturn, considering your time horizon, age and current phase of the long-term economic cycle. VDHG would meet this with 10% allocation to treasury bonds, but I believe Vanguard also has an ETF with 30% which may be more suitable to your circumstances. Alternatively you could invest in 100% equity ETFs for a higher return and then shift to alternate assets within a ~2 year period, but of course this would require market timing on your behalf that entails risk (only the best active-managed Hedge Funds are successful with timing markets).
Thanks nsm, very sound advice.
Park it in my offset account. Capital guaranteed after the 5 year period.
Purchase one or two high yield investment vehicles, like a mazda mx-5
What if you've already had 2 Miatas
what about this?
I don't have any personal experience in it, but it seems interesting
https://www.clearskysolar.com.au/I would pick optionable quality shares in five sectors (Materials, Financials, Health Care, Energy & Consumer Staples) which give decent yield (>4%).
Simply sell the call option on it (You promise to sell your share if the stock price reaches your chosen price). You can collect a premium for it. If it sells, so what, you made a profit. It beats sitting on stocks.Just wait for the wall st and ASX to crush.
Its ten years high now.Hope you didn't buy and shares or efts yesterday,late tomorrow or Monday may be ok
One of the best investment for 40 % return are Chinese stocks- as EDU,MR.LFC all of them with more than 60% yearly return. Of course there is risk too ,but it is much lower than normal.If you want less risky investment Chinese mutual funds are i thing currently the best. For example OBCHX is up 77.4 % year to date and still a lot of upside potencial.
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honestly think thoroughly about this as you might lose your money and your daughter with this arrangement - I've seen it happen and I'm not meaning to offend you mate, just think it through carefully :)