Best place to park $80,000?

mr bagcroft

Club Legend
May 19, 2017
2,821
3,196
AFL Club
St Kilda
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.
 

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HigginsHawk

All Australian
Jun 10, 2005
797
253
Kippax
AFL Club
Hawthorn
Other Teams
Belconnen/Nth Hobart
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.
 

Falco

Club Legend
Sep 30, 2012
2,337
2,285
Country Vic - behind enemy lines
AFL Club
West Coast
Other Teams
Subiaco Lions, Ferrari, Minardi
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?
 

Oraaaaazio

Club Legend
Jun 23, 2014
1,411
1,924
AFL Club
Essendon
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.
 

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L_W_P

Premium Gold
Sep 23, 2009
9,536
13,353
SE Suburbs
AFL Club
St Kilda
Other Teams
New Orleans Saints, Boston Celtics
Richmond B2B 2020.

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


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Big Cox 88

Norm Smith Medallist
Apr 1, 2010
5,670
7,154
Perth
AFL Club
West Coast
Other Teams
AC Milan, Chelsea
BHP a week ago.

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

Kram

I'll brik u
May 2, 2007
57,372
73,250
WA
AFL Club
Fremantle
Other Teams
Chicago Bears, de Boer, Arsenal
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.
 

crafty_bernardo

Premiership Player
Jul 5, 2013
4,681
8,791
AFL Club
Port Adelaide
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.
 

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