In light of everything that is happening right now with Covid-19.
If you were fortunate enough that your employment was not affected and have recently come into a large sum of money.
How would you take advantage of it right now ?
Real Estate?
Stock Market?
Put into Super?
Hold onto it until it all blows over?
the bar?
that's the puzzle!
Bro I just dropped 50k on fidget spinners brahhhh watch me become a millionaire overnight.
Got a decent amount in the UK and just holding on to it. Tempted to transfer while GBP -> AUD exchange rate is pretty healthy but not sure.
Still a year away from being eligible for PR and able to purchase property without foreigner tax.
You understand the concept of market volatility right?
Yes. "recently come into a large sum of money"
I'm lucky, I got out of my Crypto a few weeks before the crash and had it sitting in an account as USDT, as the Aussie dollar plunged I made a (small) killing!
Probs save at least some of it and invest the rest in the markets.
Chuck it on the pile.
10k super (if earned over 90k), 20k shares, 70k hold onto
wait 6-12 months buy a house if they go down a bit.
go cruise round the world
ROLF
Harris?
No, that's a bad investment..
Save it. I’m wild.
bboz 50k bbus 50k
Bitcoin
Blow
Into my pocket
Red!
black!!
Vousins du zero.
zero
even
I tried to kinda get background on you from other posts but that failed.
Are you good with stocks? Are you okay with risk?
Don’t put any money in the stocks you aren’t afraid to lose. Market is very volatile at the moment. There’s some trends if you pay close enough attention to that though.
Interest rates are probably gonna soar after all this, real estate prices will drop but repayments most likely will rise steeply.
I think government bonds or an interest bearing account is the best option for now, although I don’t think rates are anything to write home about.
"Are you good with stocks? Are you okay with risk?"
Most of the money came from stocks but it was stupid luck rather than market wizard.
Made a few good investments with stupid amounts..
"Interest rates are probably gonna soar after all this, real estate prices will drop but repayments most likely will rise steeply."
interest rates soar wouldnt be an issue if I buy now with fixed rate?
Most of the money came from stocks but it was stupid luck rather than market wizard.
Made a few good investments with stupid amounts..
Well if you're confident in the stock markets, invest in them. There's no better time to invest in some, and no worse time to invest in others. Don't blow the whole lot though.
interest rates soar wouldnt be an issue if I buy now with fixed rate?
Well I mean yes, but I'm not up on my current fixed vs variable rates. At the moment, it's very beneficial to buy now and repay fast using a variable rate. I don't think the fixed rates are nearly as competitive.
home renos
Buy a Tesla. Save on petrol.
Petrol is cheap atm
I'd invest 10k each into two seperate boot-strapped internet start-ups.
20k into carefully picked stocks and hold the rest for bargaining power on an investment property in 6-12 months.
If you were fortunate enough that your employment was not affected and have recently come into a large sum of money.
Was Granny a victim of the epidemic? Dang man, that's cold!
All the smart money is heading towards bikies (ASX:BKS).
Broden all the Nintendo Switch consoles…
Feels like someone already has. And all of the RingFit games.
I'd wait until stressed properties appear on the market and snap a couple up.
Looks like a great advice… Is there any way to browse through foreclosed properties? TIA
one tip is to offer less, one I looked at 300 the agent said straight away they will accept 250 them later said they will accept less
I always low ball and work my way up. I've been surprised sometimes when I very low offer is accepted. I haven't bought a mortgagee house for a few years now, but they used to actually state it in the listing. I can also often tell by the condition of the property if the owner is financially stressed and needs to sell asap.
Can't believe you offered no cocaine and hookers option.
That one's a given anyway.
No diversification option?
Shame
Zoo for big cats.
Buy cheap items people can no longer afford (boats, jetskis, investment Merc), then sell once this crap is over.
Tesla up almost 10% just today. Could of been a nice $10,000.
Short term? Long term? Tax avoidance?
$60k value shares (in 2 months time)
$20k Gold and/or Silver
$10k Bitcoin and/or other top 25 crypto
$4k Penny/speculative
$1k Holiday
$5k Donate it. You wont miss it. Tax deduction for your gains.
I like spending other people's money
"I like spending other people's money"
Yeah, I'm also a little flippant when it comes to other people but for myself I check the road 100 times before crossing and still get hit by the car.
it's hard to find the sweet spot between over thinking it and blindly investing. Some of my worse investment decisions have been quick, emotional snap decisions. But also I have been too conservative at times and lost a lot of potential gains. So I watch tv instead.
If the money was won, I'd hand out half of it to whoever needs it and chuck the other half into my mortgage!
You have 2 weeks left to secure 2.65% at Mazquarie, which will be the last good opportunity for interest rates.
I am in the same situation as you and spent the day looking for things I can buy and resell for a profit. I found some and now have to decide whether to buy, the deals are good but I will need to find buyers. I have a big decision to make.
I hope you aren't buying more masks Pam.
no, something property related
So you did inherit something from your mum? Your sister didn't take it all?
that turned out a bit better than expected
Invest in a high yield prestige motor vehicle. :-P
yeah nah
Hide it under the matress
I would buy a home for my daughter and I. Would be a nice deposit for an apartment for us to be safe and comfortable.
ur homeless? …shit….
no coke and hooker option?
I decided what to buy, made my offer and am waiting to hear back. Its an inexpensive property I could rent out or even use myself. The deal is so good, I am wondering if they have changed their mind
The only good alternative I found is in another city so its not ideal, but its even cheaper, I could rent it and flip it. I have contacted them and also waiting to hear back
Watch Money Heist on Netflix, invest your $100k in a master plan and execute it!
Bella ciao!
Sign up to a share broker by VAS
set dividends to reinvest
Invest it in puzzles.