how should i invest my money??? (1 Viewer)

[suzieee]

i currently have $10000 in a term savings account and have just started a new job where i'm earning at least 800 per week... have cheap rent as i'm living with my cousin so i should be able to save around 500 of that per week... just wondering how i should invest the money?? i want to have enough for a trip to europe in 1012 (around 15000), as well as have enough for a house deposit when i get back

 

[zombie omie jay]

all signs point to no

 

[suzieee]

all options point to no

?????????

 

[zombie omie jay]

yes perhaps

 

[scarybunny]

If I had a time machine, I would not go to Europe in 1012.

 

[suzieee]

oh i forgot, i'll also need to save up for a time machine..... i meant 2012 lol

 

[naisAtoN]

oh i forgot, i'll also need to save up for a time machine..... i meant 2012 lol

Well that's too late though, the world ends in 2012.

 

[MonkEE]

Just keep saving. See how high your back account can go.
Think of it like scoring points in a game.

 

[shuttle_bus5]

Sharemarket or managed funds.

 

[SeCKSiiMiNh]

a really really low yield bond

 

[iRuler]

CGS

or just keep aving as stated.

 

[runoutofsleep]

buy greece

 

[niloony]

buy greece

This

Srsly go for an index fund (Though your looking fairly short term so :S), managed funds are for chumps

Or play the stock market Yeehaaw

 

[suzieee]

ok, so i think i've decided what i'm going to do... after the tax review i heard about the first home saver account, where the government contributes 17% of any deposits you make in a financial yea up to $5000, plus you get interest from the bank on top of that (ME bank's homesaver account is offering 6 point something percent) ...only you can't access it until 4 years after the account has been opened. i'd put the rest in a high interest savings account/ term deposits and see how i go
do people on here know much about the first homesaver account?? like when the changes come into place??

 

[Pace_T]

Not BHP/RIO thats for sure

Pricks!! =(

 

[louy]

Property

 

[hungwell1337]

if your holding for 2 years

any S&P200 resource share will do. esp now, def over 50% gains in 2 years

 

[Guesss]

buy greece

yeah



Or buy $AU... they are sure to rise ...

 

[aussie-boy]

I was gonna suggest the first home saver account, though you can only use your money for a house that you will live in. If you want to withdraw it all goes into super or something. It's been around for a couple of years.

The other obvious idea is to put $1k into super... because the Gov will pay $1k on top of that (100% return instantly is unbeatable) - it has to be a spare $1k though.

 

[suzieee]

i already knew about the first home saver account... don't want to apply for one though unless i know that the government's new changes will apply to my account. and no way for the super idea- i won't be able to touch my money for another 45 years!! 4 years for the first home saver account is bad enough lol