Best place to park $80,000?

[Angus Young]

Where we parking 80k now?

OP wot did u do?

 

[owen87]

Where we parking 80k now?

OP wot did u do?

Should have dropped it all on DOGE Coin yesterday. Up almost 60% in 24 hours.

 

[big bootaaaaah]

CAD or DRE yolo

 

[Angus Young]

2) btc and eth

now what?

 

[PoppedCorn]

now what?

Now what what?

U hodl

 

[Evolved1]

Any new suggestions for a risk-on gamble?

 

[ash_1050]

Any new suggestions for a risk-on gamble?

RAC on the ASX. I've gone heavy on it and rate it highly. Here's my initial BF thread on it, and This should get you started down the rabbit hole.

 

[Evolved1]

RAC on the ASX. I've gone heavy on it and rate it highly. Here's my initial BF thread on it, and This should get you started down the rabbit hole.

Cheers buddy

 

[FootieFanz]

bitcoin...

 

[ChampRevesby]

bitcoin...

This is the correct answer.

 

[juss]

This is the correct answer.

If he's comfortable going to bed every night and risk waking up to losing or gaining 15% of his money.
I couldn't ride the rollercoaster unless they were funds I could afford to lose.

 

[ChampRevesby]

If he's comfortable going to bed every night and risk waking up to losing or gaining 15% of his money.
I couldn't ride the rollercoaster unless they were funds I could afford to lose.

Oh absolutely, make sure you can feed your kids and pay the mortgage then what's left ---> to the moon!!!

 

[FootieFanz]

Oh absolutely, make sure you can feed your kids and pay the mortgage then what's left ---> to the moon!!!

Make sure you can feed the kids? The private chef will do that after we've purchased our 3rd Lambo each. Too Easy.

 

[PoppedCorn]

Worth 1mill today
Eth was 166 on this date so that would be worth 2 mill today

Even the stable coin ada was at 8c

 

[footy75]

Worth 1mill today
Eth was 166 on this date so that would be worth 2 mill today

Even the stable coin ada was at 8c

farrrkkk

 

[Evolved1]

Are there any suggestions for 2022? Anything that's likely to perform better than USD will do.

 

[juss]

Are there any suggestions for 2022? Anything that's likely to perform better than USD will do.

Very, very volatile situation at the moment. If it was short term I'd almost be tempted to park it in the highest interest savings account you can get.

 

[sammm]

high interest rates Very, very volatile situation at the moment. If it was short term I'd almost be tempted to park it in the highest interest savings account you can get.

IN parking the $80k what is considered to be high interest rates?

 

[juss]

IN parking the $80k what is considered to be high interest rates?

Not much at the moment, but if it was needed for something like a house deposit in the shortish term, I dont think I'd want to be investing/risking money right now.

For anything less than 6 months I'd just google a 6 month term deposit and try and get the best I could. Or if the person has an offset account on their loan or something.

It depends when they need the money and what it's for.
If they need 80k to act as a deposit for an 800k purchase on a place this year, I'd be playing it safe ATM.

 

[ash_1050]

Not much at the moment, but if it was needed for something like a house deposit in the shortish term, I dont think I'd want to be investing/risking money right now.

For anything less than 6 months I'd just google a 6 month term deposit and try and get the best I could. Or if the person has an offset account on their loan or something.

It depends when they need the money and what it's for.
If they need 80k to act as a deposit for an 800k purchase on a place this year, I'd be playing it safe ATM.

If you need at least that amount of cash in 6 months time it sits in the bank. If you need that amount of cash in 5+ years time then it goes into stocks. Anyone throwing it into stocks for 6 months and expecting to have at least that amount at the end is an idiot.

 

[Kram]

Not sure I'd sit in ALL cash atm. Surely you could still try and put a conservative % of it to work somewhere atm

 

[sabre_ac]

I'd drip it into shares over the next 6 months, buying 3k a week of a broad EFT until it's all invested.

 

[ash_1050]

I'd drip it into shares over the next 6 months, buying 3k a week of a broad EFT until it's all invested.

Geez, you paying a fortune in fees making 26 purchases rather than just buying it all in one transaction:

Fees paid:
Selfwealth $260
Nabtrade $390
Commbank $520

 

[sabre_ac]

Geez, you paying a fortune in fees making 26 purchases rather than just buying it all in one transaction:

Fees paid:
Selfwealth $260
Nabtrade $390
Commbank $520

Questrade is advertised as free to purchase EFTs but it would be around $8…is Questrade not available in Australia?

That said if we take your numbers , what is $260 worth of transaction costs on 80k? Particularly if you get some piece of mind and potentially average cost down during these uncertain times, which you would have done ytd this year. Certainly better than an interest rate lower than inflation.


Sent from my iPhone using Tapatalk

 

[ash_1050]

Questrade is advertised as free to purchase EFTs but it would be around $8…is Questrade not available in Australia?

That said if we take your numbers , what is $260 worth of transaction costs on 80k? Particularly if you get some piece of mind and potentially average cost down during these uncertain times, which you would have done ytd this year. Certainly better than an interest rate lower than inflation.


Sent from my iPhone using Tapatalk

I've never heard of Questrade, and they don't appear to be available in Australia.

Why pay $260 in fees when you can pay $10 in fees and buy it all at once? Staggering your buying has been shown to be less effective than lump sum investing during multiple examples why would you voluntarily pay $250 more fees which could otherwise be invested and receive a lower return when doing so?