Best place to park $80,000?

[mr bagcroft]

Seems most higher interest bank accounts require monthly deposits...dont want to do that.
What other higher investment options would you suggest that I could consider?
Thanks.

 

[HigginsHawk]

I'll look after it for you! Seriously though, the issue is 'park'. How you long are you looking to invest? what level of risk are you prepared to take on? If you are parking it because you settle on a new house in 3-6 months then you really wouldn't do anything else but look for the best term deposit/cash management a/c. Banks have blackboard specials that can pop up and give a higher rate than usual. If you are looking a longer term say a couple of years then some blue chips shares become a possibility. Bear in mind the golden rule that usually a higher return generally brings with it a higher risk. Good luck.

 

[Big Cox 88]

Wait for a post election correction of the ASX and buy in to an ETF like VAS.

 

[Hu$tler]

Back into yourself to make more.

 

[Macpotata]

Richmond B2B 2020.

Jokes. You should buy $80,000 worth of M&M's. Definitely the smarter option.

 

[Falco]

I'll look after it for you! Seriously though, the issue is 'park'. How you long are you looking to invest? what level of risk are you prepared to take on? If you are parking it because you settle on a new house in 3-6 months then you really wouldn't do anything else but look for the best term deposit/cash management a/c. Banks have blackboard specials that can pop up and give a higher rate than usual. If you are looking a longer term say a couple of years then some blue chips shares become a possibility. Bear in mind the golden rule that usually a higher return generally brings with it a higher risk. Good luck.

I'm in a very similar boat and am looking to put the money into blue-chips for a couple of years. Im considering whether or not to look at the banks, Telstra or the mining sector.

What do you think?

 

[PoppedCorn]

BTC

 

[Macpotata]

shares are utter stupidity.

 

[tandino]

Coffee futures.

 

[Seeds]

shares are utter stupidity.

Um why?

 

[Oraaaaazio]

Um why?

May be stupidity to invest in shares if you're wanting to put money somewhere short term due to the possibility of prices crashing and not having enough time for the price to bounce back putting you at risk of losing capital but in general to say "shares are utter stupidity" is utter stupidity.

 

[Engimal v3]

shares are utter stupidity.

That's not true at all.

 

[L_W_P]

Richmond B2B 2020.

Jokes. You should buy $80,000 worth of M&M's. Definitely the smarter option.

Savemore Supermarket Clearance Centre

Savemore Supermarket Clearance Centre, Springvale. 20,703 likes · 1,684 talking about this · 441 were here. Why pay more when you can Savemore! Come to our store today to enjoy up to 70% OFF the...

www.facebook.com

 

[Big Cox 88]

BHP a week ago.

Good dividend, with bonus dividends paid on occasions. Diverse mining operations and worldwide. Covers all bases.

 

[Emptyorangeseat]

Buy an investment property or learn the stock market and put it in there

 

[Kram]

BHP a week ago.

Good dividend, with bonus dividends paid on occasions. Diverse mining operations and worldwide. Covers all bases.

It's worth nearly as much as it was now as it was a decade ago

More of a trade in and out of stock for mine.

 

[Trucker Tiger]

Emerging Aus tech stocks which have most of their business in the US.

 

[crafty_bernardo]

There are Vanguard, ETF investment's you could do. But it depends what you want to save for. House, retirement? etc;

Check out the sub on reddit r/fiaustralia it's quite informative and they people their are helpful.

 

[The Edukator]

shares are utter stupidity.

Only because you're too dumb to invest.

 

[The Edukator]

There are Vanguard, ETF investment's you could do. But it depends what you want to save for. House, retirement? etc;

Check out the sub on reddit r/fiaustralia it's quite informative and they people their are helpful.

The info and questions on this subreddit are repeated almost daily and it's hard to get into too much detail however the basic answers tend to be fundamentally fine.

 

[TheGreatBarryB]

Yeah index funds is the way to go, either managed funds or listed ETFs. The Diversified funds/ETFs give you a broad investment into domestic and intl shares, bonds, property, cash.

Spread it amongst High Growth, Growth, Balanced or Conservative depending of your goals.

 

[Kram]

It's not really rocket science to pick individual stocks yourself if you want. Certainly a lot more fun.

 

[DangerousD]

Put the cash in to your offset, happy days.

 

[Big Cox 88]

serious question: why wait? ar eyou expecting ETFs to drop price, post election?

You quoted an 8 month post which I made assuming an ALP victory. I have been buying parcels of VAS at the start of every financial year for 3 years and will continue to do so in future.

 

[Kram]

I wonder if they put it work on the ASX since March.