With Interest Rates at an All Time Low Where You Putting You Money?

Trying2SaveABuck on 06/06/2019 - 22:52
Last edited 06/06/2019 - 22:52

The RBA have cut interest rates this week to a historical low of 1.25% not all banks are passing on the full rate cut but they will likely reduce 'high interest' savings counts by the full amount or very close too it, making holding money in the bank less appealing and the need to find decent investment options greater then ever before.

HOWEVER

The Share Market is very expensive sitting at almost 6500 points

Property is bottoming in out but still on the decline - loans are cheap

The US Market is also pretty expensive

Throw in the risk of the current trade war between USA/China

There is also a real fear of a recession about to hit Australia for the first time in almost 30 years

How is the Ozb community investing these days?

European Share Markets? Bonds? Term deposit? All on black? Brand New Merc AMG C63?

Financial Investment

Comments

  • onetwothreefour on 06/06/2019 - 23:08
    +13

    Offset account.

    • pasey25 on 07/06/2019 - 08:39

      this

  • kahn on 06/06/2019 - 23:14
    +3

    Waffles.

  • CyberMurning on 06/06/2019 - 23:34
    +9

    Eneloops

  • dcep on 07/06/2019 - 00:02
    +2

    bitcoin

    altcoin

    • Trying2SaveABuck on 07/06/2019 - 08:25
      -1

      Im not sure if you are trolling but Bitcoin is coming back these days

      • OzFrugie on 08/06/2019 - 09:17

        Whales are back

  • Donaldhump on 07/06/2019 - 00:10
    +2

    Shares, nothing better to do with it.
    RBA decision is mental

  • fishball on 07/06/2019 - 00:21
    +6

    Don't have any money lol :(

    • Hardicus on 07/06/2019 - 06:26

      It do be like that.

  • Diji1 on 07/06/2019 - 00:23
    +1

    making holding money in the bank less appealing

    Just to be clear, money in the bank was usually (always?) incurring a loss prior to this turn of events because of inflation.

    There is also a real fear of a recession about to hit Australia for the first time in almost 30 years

    What a pity the Laberals did nothing at all about electricity prices after the ACCC found that the prices are "unsustainable" and "threaten" the viability of large and small enterprises in Australia.

    That was in their 2018 report after the inquiry. There have been two more rounds of price increases since then so goodbye economy.

    In a crazy turn of events it was only The Greens that pledged to remove privatisation and reverse the "unsustainable" economic situation while the other two parties just kept on scamming the idiots that voted for them and removing everyone's money overseas while internal economic activity in Australia slowed to a crawl.

    • Baysew on 07/06/2019 - 16:58

      only The Greens that pledged to remove privatisation

      How would they remove privatisation?

    • ZloyKrys on 07/06/2019 - 17:03
      -1

      Erm, how they supposed to do that - nationalise generation and distribution Venezuela-style? This would be typical Greens but last time I checked we were a pretty well-behaving capitalist country

      • A M on 07/06/2019 - 19:45

        Privatizing a natural monopoly is idiocy.

        In any country. With any form of government.

        Witness airports, ports, toll roads, electricity network, gas distribution, etc, in this country. The magical market can't deliver it's mythical benefits because there is no real competition!

  • [Deactivated] on 07/06/2019 - 00:39

    I don't have the guts to invest, but watching Lynas Corp is entertaining at the moment.

    • pasey25 on 07/06/2019 - 08:38
      +1

      I've been on the lynas train since the first IPO! hell of a ride!

  • Cheap Steve on 07/06/2019 - 07:23
    +1

    Cash, waiting for better opportunities in shares.

    • OzFrugie on 08/06/2019 - 09:19
      +1

      Dont time the market they say

  • orangetrain on 07/06/2019 - 08:06
    -1

    Buy another house with money from overseas

  • chumlee on 07/06/2019 - 08:06

    FX

    • [Deactivated] on 07/06/2019 - 08:45

      Yeah? Was thinking of buying/holding either US or Euros.

  • Jefflas on 07/06/2019 - 08:48
    +2

    In a top performing industry superannuation fund. As an old man (over 65), I can withdraw funds when needed. Past returns have been in the region of 7%. Investments are diversified over a range of asset classes. Low fees for well managed funds.

    • [Deactivated] on 09/06/2019 - 10:25

      Is it worth also making after tax contributions?

  • theHMASfriendship on 07/06/2019 - 09:01
    +3

    Magic beans

    • kahn on 07/06/2019 - 15:47
      -1

      My wife threw mine out through the window.

  • realfancyman on 07/06/2019 - 09:21

    Bonds

  • GG57 on 07/06/2019 - 09:21
    +5

    Wine futures; well, some bottles don't get opened for a week or so.

  • arkie0 on 07/06/2019 - 09:54
    +2

    High yield investment vehicle

    • mccarthyp64 on 07/06/2019 - 10:51

      In true OzBargain style

  • SmiTTy on 07/06/2019 - 11:03

    Probably should have a poll

  • tellhimhesdreaming on 07/06/2019 - 11:31

    Cabbage patch dolls and pogs mainly, diversifying into tazos and Pokemon cards to keep my portfolio rounded. Not negating to pick up a small slice of high-risk investments like McDonald's toys and old nutella glasses.

    Should be good to ride it out.

  • Illian on 07/06/2019 - 15:05

    I'm not ironically rich like most ozbargainers so I can't comment.

  • Choc0 on 07/06/2019 - 16:37

    Sportsbet

  • [Deactivated] on 09/06/2019 - 01:46

    The Share Market is very expensive sitting at almost 6500 points

    But the Banks are still at the equivalent of '5800' I think, and paying big dividends.
    So longterm, banks are a potential investment area.

    • Trying2SaveABuck on 09/06/2019 - 09:42

      Yea Banks might be good however my issue with banks is we are heading down the path of irresponsibly leading money via 5% deposit loans, not passing on full rate cuts, and there is a lack of growth in a increasingly competitive market - ie more 3rd and 2nd tier lenders poping up….

      Also the rise of Afterpay threatens the credit card cash cow banks have been milking with 21% interest for years…

      Also i have heard rumours Apple Pay, Samsung etc are looking to push in to the credit market which would destroy banks! Historically banks are good investments and i would buy banks but i wouldn't put all my eggs in that basket maybe 12.5% of the port-filo or something….

  • [Deactivated] on 09/06/2019 - 10:31

    My best guess is if anyone have no home, then buy a home first. Then to plan a small business. If you have anything left, buy another (investment) property.

Login or Join to leave a comment
Login Join