Graduate Earning $44k Per Year, and $30k in Savings. What Are Some Good Investment Options?

[Deactivated] on 15/08/2015 - 17:25

Hi guys,

Essentially, the question is as the title says.

Honestly and probably foolishly, I've never cared about money, and most of my income went to savings…

(The only financial advice that I remember getting, was to just 'save'. This was back when I was probably about 5, so you can say that it's outdated…)

My dad thinks that I should buy property in Sydney, and he will give me money so that we can buy property together… but I am not sure.

Please could you provide some direction, as to what to do with my $30k?

Thanks.

Financial

Comments

  • nocure on 15/08/2015 - 17:49
    +7

    Maybe an investment property.lol

    • [Deactivated] on 15/08/2015 - 19:42
      +1

      Haha

      Yeah that's what I'd like. Sounds like it's not possible yet… Probably in a few years

  • [Deactivated] on 15/08/2015 - 17:52

    I think you should ask on whirlpool

  • bargin424 on 15/08/2015 - 17:58
    -1

    it will be hard to invest in a property with 30k!

    • sickllama on 16/08/2015 - 18:05

      You can get A-REIT ETFs on the ASX. Possible to invest in property with $1k!

  • try2bhelpful on 15/08/2015 - 18:01

    Go to a good financial adviser.

  • [Deactivated] on 15/08/2015 - 19:00

    Not much at that rate, but since your dad will be putting in cash, some would argue to take that money but remember if your investment gets burned it will just mean less inheritance in the future.

    That's the catch 22.

  • paperkut on 15/08/2015 - 19:36
    +1

    Having been in the same situations, I would advise putting it into index fund for a few years until you make enough to comfortably pay the mortgage. Look into ETF (Exchange Traded Fund), maybe SPDR or Vanguard.

    Even if your dad is willing to help you put down a 10% deposit on a say $700,000 property, you'll be struggling to fork out $3300 a month with a graduate salary.

  • AJW on 15/08/2015 - 19:54

    Are you in a career where you can use the money to start a career related small business?

  • SydStrand on 15/08/2015 - 21:30
    +1

    Rice.

    • DealzEddy123 on 15/08/2015 - 23:56
      +2

      a shipping container of it

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