What is the best legal way to invest some extra savings? Property investment? Stock exchange? Fixed deposit account? Offset account?
Best investment as an additional income?
[Deactivated] on 21/03/2014 - 00:12
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Residential Property. House + Land in a blue chip location. if can afford
Buy holden monaros and sell em when GM leave
rumor is there maybe another one in their final year
Extra savings implies a small amount every pay?
Index fund, that allows small investment added monthly from wage.If offset account is an option, you imply u have a mortgage, if you do, pay that off first!
Yes. Offset account payment is a better option. Any earnings would be taxable. So no point paying loan interest and income tax at the same time. Unless investment return is more.
car parks in the CBD ; D
am just starting to read about it but, my 2 centspro :
- no/VERY low maintenance
- affordable cash flow tool
- may appreciate comparable to other types of properties (considering the increasing density of dwellings in the CBD)con :
- hard to resell?Can you elaborate more about this?
Why would it be hard to resell?
Just so you know we can't give you the best advice because it depends on your situation.
If you've got some extra cash like $5000 + and want to invest for the long term, would definitely recommend shares.
If you want to go shorter, you could try a term deposit keep in mind theres usually minimum amounts.
If you have a mortgage offset account, that's a good place to park the money.
For property, you would need a decent deposit and there seems to be some speculation regarding the property bubble at the moment which could affect investor sentiment.marriage
worse investment advice ever lol…except for gold diggers
Vintage rolex