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
Or if it's High Yield
Man this never gets old.
My advice to myself and to others if they ask for "safe" places to invest money is to look at where the industry super fund companies invest and copy them.
Ideally you want to make personal contributions to your superfund within the maximum amount that is pre taxed (~$28k from memory) then I would self invest in similar companies that they invest in. Apps like Raiz and Spaceship do similar, "safe" investment options in diverse portfolios.
Pretty easy to do
Nothing, keep it in savings account… cash is king. Even stocks are looking shakey at the moment.
With interest rates going up there actually might not be a big rush to take it out of a savings account at the moment. But if OP is young he should want to invest it imo.
2.873 BTC is what I would do. Not financial advice.
You should be able to get around 4.5% plus with BOQ, ING etc.
I think we are in for an economic downtown over the next 2 years or so with interest rates and inflation the way they are which will lead to much higher unemployment later this year. One of the key drivers of the GFC was people coming off low fixed rates and onto much higher variable rates. Australia is about to go through that. I don't think it will be as big as the GFC, but it aint going to be pretty for alot of people.
Similar situation here. Though I can't get involved in interest. Have no loans or debt. Curious to see the responses.
if you have 100k laying around and don't know what to do with it, go find an independent financial advisor and talk to them. Find several, most usually have free initial consultations. Don't talk to any from any super funds or ones that get referral/commission/kickbacks from suggesting a product.
If you don't want to use one, go find someone that you trust and that are successful with finance. You will unlikely find any good ideas here that will pertain to you as no one knows what your short-term goals, long-term goals, risk tolerance, etc are.
are you muslim?
Max your super contribution. Put the rest into shares. I'm not sure why you would not put more into shares even if you already have some? You already have money in offset, so it doesn't sound like you need cash right now or in the short term so you can just buy more shares and leave it there and let it do its thing. The first 100k takes the longest for most people to build up to.
You're going to be paying tax on the interest earned from high-interest savings or term deposits every year. With shares, there are at least some strategies to minimize tax, which I am sure you're aware of if you already have some shares.
Not financial advice. Go talk to an independent financial advisor.
Hotdog stand. Or a share of a McDonald's franchise, but McDonald's want cash upfront and proof that the cash isn't sourced from debt so it might be a bit complicated.
Curious, is there money or bruises in street food … this?
https://www.youtube.com/watch?v=cRZxtXyvv4k
Hotdog stand
Theres always money in the frozen banana stand…..
A shame it didn't go for long.
Genuinely interested in how your brain works if it skips from McDonald's to the next logical option being "hotdog stand".
I think BOQ has the best interest rate on deposits below 100k. The issue is you need to keep depositing into it to get the bonus interest, negating the amount over 100k.
UBank is alright as well.
$100,000 at 4% per annum = $4000 per year. You’re looking at around $80 per week paid monthly.
Buy another property, simple.
We don't have enough housing in this country, and the Gov is letting in 250k people a year.
Landlords can literally charge what they want, even if you overpaid it seems everything favours property owners.
I would buy as much property as possible, it's hard to go wrong.
Well, sir, there's nothin' on Earth like a genuine bona-fide electrified six-car monorail!
Monorail!
Mono….DOH!!!
Ok, most replies here are either shit posts or legitimately terrible advice. I’ll take a stab:
Step 1) In the short term, move your money into a high interest bank account. Check out the following but please note the conditions:
https://docs.google.com/spreadsheets/d/145iM6uuFS9m-Rul65--e…
You will probably not want to keep you money there ultimately but at least it’ll de-value against inflation slower.
Step 2) Either go to your local library and borrow or go to Big W and buy the following:
They are all easy reads and will improve your financial literacy significantly.
Step 3) Continue to learn and take your time. If you do make the plunge and start investing, take it slow because you will make mistakes.
Finally, whatever you do: don’t buy magic beans, don’t drink the coolaid and avoid crypto like the plague.
Why do you say avoid crypto like the plague?
Yet in another post you suggested:
I'm a fan of a DCA strategy of VAS(40%) / VGS(60%). Broad exposure, low fees, simple, classic. Maybe throw in 5% CRYP or ACDC for a higher risk/reward component too.
Spaceship or Tesla 🤔
VGS and offset account
Or grow your own cannabis
Yeh seems the cost/benefit analysis doesn’t stack up. I hear some people having financial success from growing garlic so maybe that’s a more viable option
I just struggle with cfd for gold
If you hope to get an upside then who’s taking the downside of the trade? Seems like crypto or gambling but what would i know???
Zero sum game?
Povo pack Land Cruiser. Diesel is the future.
Buy a classic car. It will be worth great bucks in 15 years when petrol cars are not produced anymore
under the mattress
.
If you aren't sleeping like me, its probably because you are a risk taker! Invest in crypto and you will enjoy sleep again!
Invest it in yourself to learn skills.
First skill to invest in might be to understand business and finance.
Learn to invest your own money without asking randoms on the internet.
White brick
From ChatGPT
There are several investment options available that you may consider for your $100k. Here are a few suggestions:
Exchange-traded funds (ETFs): ETFs offer a diversified portfolio of assets that can help to minimize risk. They also have lower management fees than traditional mutual funds.
Mutual funds: Mutual funds are managed by professional fund managers who invest in a diversified portfolio of stocks, bonds, and other securities. They can be a good option for investors who are looking for a more hands-off approach to investing.
Bonds: Bonds are a type of fixed-income investment that pays a fixed rate of interest over a set period of time. They can be a good option for investors who are looking for a low-risk investment.
Real estate investment trusts (REITs): REITs are a type of investment that allows investors to invest in real estate without actually owning the property. They can provide a regular stream of income through dividends.
Peer-to-peer lending: Peer-to-peer lending is a type of investment where investors lend money to individuals or small businesses in exchange for interest payments. It can provide a higher rate of return than traditional savings accounts or CDs.
Robo-advisors: Robo-advisors are automated investment platforms that use algorithms to build and manage a portfolio of investments based on your risk tolerance and investment goals.
Before making any investment decisions, it's important to do your research and consider your risk tolerance, investment goals, and time horizon. It's also a good idea to consult with a financial advisor to help guide you in making informed investment decisions.
curious, what is chatgpt? mentioned twice on here…
it's an Artificial Intelligence that will help you in a smart way solving your queries, try it, it's good like google but better.
"
ChatGPT is an AI language model developed by OpenAI. It is designed to understand and generate human-like responses to natural language inputs. ChatGPT uses deep learning techniques to analyze large amounts of text data and learn patterns, relationships, and structures in language. It has been trained on a diverse range of topics and can provide answers, generate text, or engage in conversations on a wide range of subjects. Its goal is to provide helpful and informative responses to users' queries and assist them in finding solutions to their problems or answering their questions. "
curious, what is chatgpt?
those impressive google skills at work again…..
Fixed interest shares, talk to your broker - can pay decent returns which is reasonably safe.
Lego is a good investment. Been doing it for years now.
You could pack in a lot more plastic bricks in the space that then $5k above suggested and with a lot more diversification. Just don't go all in on certain clearance sets that don't have demand now and certainly won't have demand in the future.
People would pay more than rrp for Lego? How do you make money from Legos?
Does your Legos have to remain in unopened boxes?
Do you sell it on eBay ?
Spend it!
Mainstream media flood us with irrelevance.
And in the background trouble is brewing.
You live ONLY once, enjoy it!
inflation has entered the chat
Buy a house.
Your investment timeframe is key:
With interest rates going up, term deposits.
Invest it in your education. To get better job. Take year off and go back to TAFE, University, or other appropriate school/college or vocational institution relevant to you.
Save $10,000 to invest in your mental well being and have holiday before going back to work. Hopefully making better life long salary after all that study.
invest 10% into $ASTS space mobile and make 10-100x your money by 2030
Fully franked BHP shares
$80k into a high yield investment vehicle
GTR R32
As an AI language model, I cannot provide personalized financial advice, as individual financial circumstances, goals, and risk tolerance vary widely. However, here are some general suggestions on where to invest $100,000:
Pay off high-interest debts: Before investing, consider paying off any high-interest debt, such as credit card debt, that can incur a high interest rate.
Emergency fund: Consider setting aside three to six months' worth of living expenses in a high-yield savings account or money market fund for emergencies.
Diversify your portfolio: Diversification is key to reducing risk. Consider investing in a mix of asset classes, including stocks, bonds, and alternative investments such as real estate or commodities.
Stocks: Stocks offer the potential for high returns but can also be volatile. Consider investing in a mix of large-cap, mid-cap, and small-cap companies across different sectors and industries.
Bonds: Bonds can provide a steady income stream and help balance out riskier investments like stocks. Consider investing in a mix of government, corporate, and municipal bonds.
Mutual funds and ETFs: These funds allow you to invest in a diversified portfolio of stocks or bonds with a single investment. Look for low-cost options that match your investment goals.
Real estate: Real estate investments can provide passive income through rental properties or potential capital appreciation. Consider investing in a REIT or crowdfunding platform to invest in real estate with less capital.
Consult a financial advisor: Consider consulting with a financial advisor to help create a personalized investment plan based on your goals, risk tolerance, and financial situation.
Remember to always do your research and consult with a professional before investing your money.
Become a Tomato farmer
Invest in your life. Hookers and cocaine.
CSL shares
Just found Community First Credit Union has promotional rate of 4.5% for 12mths deposit. Has anyone here used them before? Why are they called Credit Unions instead of a bank?
No advice from me because your grammar is awful.
Give it all to Gerry !
Yes an investment vehicle could be a good idea.