Looking for advice on investment strategy for $100k sitting in bank not earning any interest.
Already have offset account paying minimal interest on property. Not super keen to buy another property. Already have some shares.
Any other investment options that you can recommend?
TIA
Didn’t make sense. Then I saw this 👀
“looking for advice on investment strategy for 100k sitting in bank not earning any interest.
already hv offset ac n paying minimal interest on pty.
not super keen to buy another pty.
already hv some shares.
any other investment options that u can recommend?
TIA”
Grammarly sucks, I tried it out for work with the outlook add on and turned every email of mine into like a formal education essay
you'd get a few for 100k ..
Crypto?
There was once a very active crypto guy here, don't know what happened to them. But don't let that deter you. Crypto is the future
/S
But coin is up 20 percent this month.
Risky but nice returns
Lol yeah then it will plunge again
mokr's not wrong - if you manage to buy the dip and get out before the plunge, you can make $$$ in crypto.
Most people fail at one or both of those things but.
@Chandler: Yeah, if you manage to bet the correct number on roulette you can also make bank.
But it's not an investment, it's gambling
Yeah, don't buy and hold - this market is ripe for trading if you're good.
you clearly don't know how blockchain works or what bitcoin is
You dont own any of the money in the bank and if you go to the bank today and say I want my 100k in cash, they will laugh at you, question you so much that you forget about it and dont even bother. Even if you try and take out 10k they will make you feel like a criminal.
If i wanted to send 100k overseas I would be left with a crappy currency rate and it would cost me probably a few grand.
How much to send 100k of btc? 1 dollar max? maybe less.
The reason why its Superior is because you have full control, limited supply which means the government cant just print more.
BTC is the future, you clearly aren't smart enough to see it yet.
you clearly don't know how blockchain works or what bitcoin is
And none of your examplea given makes btc the technological choice to replace and become a useful 'currency'.
Your use case is an exact reason why, with it's price volatility, btc may not be the best solution for your propose replacement of money or funds transfers.
Stable coins, based on blockchain, sure .. (preferably not algorithmically stable though :) )
Excellent potential for controlling your own funds holdings and transfers with minimal fees.
A coin whose price could move up or down 40% in a year (depending which year you look at) is a speculative investment. If btcs price was flat for the last 5 years, would you still be a btc 'hopeful'?
It's not a replacement for a day to day, stable(ish) store of value and exchange
Pretty sure El Salvador isn't jumping with joy.
(And I hold and know how blockchain and btc work)
Up 2,600% on VAI, took profits at 3,350%, nothing to lol about.
Butt Coin to the moon
🍑 🪙
@rektrading 💹🚀
Guess they got rekt
Ahhh crypto. Great way to transform $100k into $10k.
The guy who created a thread during the market top where he bragged and told everyone that BTC was going to $100k?
edit: link to post before BTC lost 80% of its value over the next 12 months, and he was buying the dips all the way and laughing at people predicting a crash.
https://www.ozbargain.com.au/comment/11206449/redir
Really hoping the person is ok
Them, and rektrading, I’d say are not ok tbh
Had a browse through that thread, and all the names that came up gave me a chuckle…
Blockfi, FTX, Celcius… all under administration.
Even if you made the right bet, you still lose to these exchanges.
Probably working the dumpsters behind Wendy’s Maccas these days.
bank not earning any interest
Could start with a bank account that earns interest.
How someone gets to the point of saving $100k with even a basic level of basic google ability and sentence structure such as that amazes me :)
More dollars than sense ;)
How someone gets to the point of saving $100k
Inheritance, lotto win, bank heist are a few off the top of my head…
Kids on Youtube make millions of dollars per year just playing with toys and going to theme parks. Toy companies pay them a $150,000 endorsement fee just to spend a few minutes handling a specific toy. So easy to get rich nowdays with minimal ability or effort.
Saving money in a bank is a losing proposition. Inflation is much higher than 4% so you are going backwards. Inflation is just another government tax designed to fleece us.
Ignoring the years and years the parents have been recording and uploading the videos. Also ignoring the thousands of channels that try the same and don’t make it. It is not easy. It is easy for ‘reporters’ to make articles about it though.
It could be Business or company money, he can temporarily borrow it, but not permanently.
So in the meantime of borrowing company money, trying to make something of of it. Before accountant asking where is the money.
If they've accrued the $100k by saving, they should have been asking this question when they started…
You'll be surprise. I have Boomer multi millionaire relatives that have close to zero googling abilities.
I spent 30 minutes teaching a boomer how to copy and paste over the phone, such is life
now that i think abt it, maybe thats y they r billionaire! they dont google n hence don't hv the means to buy 'bargains' online easily. they only go out to buy stuff that's a necessity. :)
They dont really buy bargains as well. They buy brands which have a history.
Or OP could park it under my account till a good solution.
Suggestion on Where to Invest 100k
A few vowels.
Downvoters need some vowels as well.
QUAL ETF
What did I just attempt to read?
Suggestion on Where to Invest 100k
I'll message you my PayID…
10 subs already lol..
anyone who comments will auto sub for replies to their comment
ahh, didn't knew it would change the count as well
Spend it on a spelling course
If you read their T&Cs, you wouldn't be recommending them.
Red
Don't forget to collect $200 when you pass Go…
Buy more properties to complete the set…
Hotels 🚀
Ask ChatGPT
As an AI language model, I cannot provide specific financial advice or recommend individual investment opportunities. However, I can offer some general principles to consider when making investment decisions:
Determine your investment goals: The first step is to define your investment goals. Are you looking for short-term gains or long-term growth? Do you have a specific target return in mind, or are you more focused on preserving your capital? Understanding your goals will help you choose the right investment strategy.
Diversify your investments: Diversification is a key principle of investing. By spreading your investments across multiple asset classes, industries, and geographies, you can reduce your overall risk and improve your chances of generating returns.
Consider your risk tolerance: Your risk tolerance is your ability to withstand losses or volatility in your investments. If you're uncomfortable with risk, you may want to consider more conservative investments. If you're willing to take on more risk, you may want to consider higher-risk, higher-reward investments.
Invest in what you know: It's generally a good idea to invest in industries or companies you're familiar with, as you'll have a better understanding of their prospects and risks.
Seek professional advice: It can be helpful to consult with a financial advisor or investment professional to help guide your investment decisions and ensure that you're making choices that align with your goals and risk tolerance.
Ultimately, the decision of where to invest $100,000 should be based on your personal financial circumstances, goals, and risk tolerance. It's important to carefully evaluate any potential investments and seek out professional advice before making any major investment decisions.
You can tell chatgpt was written by Americans.
Can you elaborate? What part does make this advice American in particular?
G'day mate! Congrats on havin' a hunna grand to invest! Now, let me chuck some suggestions your way on where to park that sweet cash.
First up, how 'bout some diversified Exchange-Traded Funds (ETFs)? They're like a bloody smorgasbord of investments, mate. You can choose ETFs that track the ASX 200 or other indices, and they can help you spread your risk across different companies and industries.
Next, we've got property, aye? Real estate is the Aussie way, and you can't go wrong with bricks and mortar. You can invest in physical property, or if you're not keen on playing landlord, you can go for Real Estate Investment Trusts (REITs) and still get a piece of the pie.
If you're after some top-shelf stocks, blue-chip companies like BHP, Rio Tinto, CommBank, and CSL are a bloody ripper choice. They're well-established and can offer some serious long-term growth potential. But don't forget, there's always a risk when you're playing the stock market, so don't go in blind, cobber.
If you're a bit of a worrier and want something more stable, then fixed income securities are the way to go. You can invest in government bonds, corporate bonds, or even term deposits. These can provide you with a steady income stream and less risk than stocks.
And lastly, if you're keen to have a crack at something a bit more exotic, then alternative investments like hedge funds, private equity, and venture capital could be just the ticket. But be warned, mate, these types of investments require a bit more knowledge and carry a higher risk.
Just remember, always do your own research and chat with a professional financial advisor to see what's right for you. Good luck, mate!
Put it in a share market index fund.
Go to small business and ask to put in vending machines. Easy money.
Maybe 35 years ago grandpa
Have you done this recently?
Why not keep it in the offset?
OP has full offset plus another 100K not doing anything and not getting interest either
How are you paying minimal interest on your home loan? If you owe more than $100k I would keep it in offset/pay down home loan on your PPOR. More interest rate rises and a recession to come, anything else is risky right now IMO. Keeping it in offset saves interest now, and leaves options open for the future.
Must still be on a fixed term.
Fun is always in reading the original posts. I woke up late and first comment didn't make any sense. But slowly dawned on me that post is now edited to read better. First answer is gold!
I’ve got an offset account earning no interest, but offsetting all the interest on the remaining balance of my mortgage. I keep mortgage balance + 2k in the offset account and am moving the remaining to BOQ 4.75% interest (77k at the moment, earned $278 interest last month across two future saver accounts). I’m currently under 35 which is the cap for that particular account. I’ve got 70k in shares but I feel like at the moment the risk is too high to put more in, hence why I’m keeping it in cash… if there’s a recession and the markets tumble I’ll put more in stocks then.
First pay off any debts if you have them.
My ubank account is 4ish percent and rising, so I don't know what you're doing there.
My pick would be shares. Pick an index tracker of some kind — AFI or VAS or similar. Buy shares, set them to reinvest and ignore them.
ING Savings Maximiser. Currently 4.8%, a bit of stuffing around each month to qualify but worth it for the interest on 100k. uBank, 4.35% from March and less stuffing around. Or EFTs if thinking long term. If thinking very long term put all or sum in your Super.
Flemington race 4 number 4.
404 Error. $100k Not Found
Flemington race 4 number 4.
$9.50
Check todays result - it won !!!!!!
(wish i invested now )
worthy of an upvote just for the fact it won
such future prediction powers should not go unnoticed, though seem they could be used for more powerful endeavors ;)
Fluked one. Now I will retire from Ozbargain tipping and keep my perfect record intact.
While you work it out at least put it in a Ubank account to earn some interest. You'll get something like $300 - $350 a month interest.
Buy some more negs incase more than 5 people each day comment on your spelling and grammar.
"bank not earning any interest."
Term deposit?
At around 4% that's 4K PA.
Not financial advice, I'm fairly risk adverse so for my context I'd consider:
What's right for you will depend on your risk appetite, your existing portfolio, your planned time horizon, and your need for liquidity.
Forget long term investment. With all the new viruses going around, not just Covid-19, and the possibility of WW3, I think we should all just live in the moment
You want to invest to presumably make money on your $100,000, but happy to pay 'minimal interest', that is, accept an ongoing outgoing payment?
Most obvious means to improve your financial position would be to cease paying ANY interest.
Funny how some people here believe correct grammer relates to money. I have a uncle who can barely read and write yet is worth about 30 million. Theres many people with degrees who think they know it all but dont have on the ground experience and their arrogance get in the way of their potential.
Grammar doesn't even relate to literary merit.
Obviously no research to back this up, but I'd be pretty surprised if there wasn't a strong correlation between grammatical literacy and financial literacy - by way of education.
Agreed. First kid I met in high school could not read or write in year 7.
I wrote out his first assignment for him as I wasn't sure how else to help him.
He didn't spend much time at high school and was always on the farm.
Today he's worth hundreds of millions employing thousands of people. I'm just a salaried doctor and employ nobody.
didn't know the subject title could be edited by someone else, learnt something new.
didn't realise my grammar is that bad.
trying to keep it short as others always comment i write too long.
Thanks for all the useful advice provided.
My offset account at 1 stage was more than my mortgage n it got frozen as Loans said they r not a financial institution, hence i m not allowed to hv credit in the offset ac, so i currently hv abt -$5 in that ac. Still cant decide if i should just terminate the loan so hv just left in offset.
good pt abt concessional super contribution, i m doing it but not at my cap yet.
also did consider term deposits but just hvnt research it.
I didn't know the subject title could be edited by someone else.
I didn't realise my grammar was that bad. I was trying to be concise.
Thanks for all the useful advice provided.
My offset account is almost at parity with the loan amount so I'm paying less than 1c interest per year.
Good point about super contribution. I am contributing but not at the maximum.
I did consider term deposits but just havn't researched it.
Wasn't trying to be a pain. I just couldn't not do it. Was curious to see if your keeping it short was shorter than just writing in a normal fashion.
I'm no investment guru. A 4.X% Term Deposit is probably what I'd do too if I had spare cash.
Seriously, invest in some vowels and better spelling . This is not wheel of fortune…
Out of curiosity - why do you choose to occasionally drop all of the vowels (plus more) out of a word?
OP might be dyslexic or have a learning disability.
That'd explain a lot. I have a relative who has a learning disability and they use speech-to-text instead, OP maybe give that a go.
Not financial advice but I'd buy gold for the short term and would stay away from anything related with USD.
After year or two would put a down payment on a house once the markets stabilizes.
Paying off debt usually gives best "bang for buck". A fixed term deposit with one of the smaller financial institutions might be worth investigating. The big 4 banks usually offer lower deposit rates than the smaller players, due to a (false) perception that they are somehow safer. All financial institutions in Australia have a government guarantee on all deposit accounts up to $250,000. So the smaller players are just as safe as the big banks
Some options, but depends how "safe" you are.
Personally, I don't like to gamble with my money and I have it in a uBank account to earn interest, I already invested 5k at the start of the pandemic in bitcoin and ethereum, I should have cashed out when I reached about 9k but didn't, then it crashed and I am now at 3k, I am just waiting for it to become 5k again and I'll cash out and break even.
Safest 1: Keep it in the bank that yields interest such uBank
Safest 2: Keep it in an offset account if you have a mortgage (unless you're fixed)
Safest 3: Pay off your mortgage
Investment / risk: Invest in blue chip stocks
High risk, high payoff: Crypto
Other: Deposit the minimum in your super and claim the max as a tax deductible towards your income
Invest in pumpkins. I notice every year they go up in price around October. I reckon they're going to hit a peak around January 2024, and boom — that's when you cash out.
Mercedes A200 AMG
A subscription to Grammarly?