Hi everyone. I am international person & just moving to live in Australia for about 6 years. At the moment i want to invest some money into long term market but my background about stock market is just as a newbie. However i am reading some articles and a book for beginners and quite interesting. There are some investments stock less profitable and safe such as EFTs, mutual fund, ASX, share price but i got stuck when looking on the real market graphics of some company such as Commonsec, Uber. There are so many different names & some stock wrote expired about 20 days, some expired tmr and so on! So it quite confusing for me to get to know how the market work. Atm my income stable around 65k peryear b4 tax and i would like to take around 5k to 10k invest in market for the next 3,4 years and hopefully may get some profits back. Please give me some advise and suggestions some good companies can invest as well as let me know more if are there few more ways to invest? Thank you.
What Are Ways to Invest about $10.000 from Now to 3 to 5 Years Later?
Comments
Please flog your tulips elsewhere. If you bought at XRP’s height back in 2018, you would be holding a 80% loss on capital today. Developments like NPP and Osko have already edged ripple out of domestic markets.
Also, your username checks out.
Invest in peanut butter and jelly
The smart money is in pancakes.
Invest in making an appointment with a qualified financial adviser.
Only they can give advice tailored specifically to your individual needs.
Good advice but beware… most work on a comission basis from selling products that may not be the best choice.
A financial adviser for 10k?
Buy Barefoot Investor book and read that first. It's better than taking advice online
so I shouldn't accept your advice to not take advice online?
Correct
If it was my money, I'd invest in mining shares - the industry is on the cusp of some decent growth over the next 1-5 years. But yes, seek professional financial advice is a good idea too! :P
$10k on black - surprisingly this won't be the worst advice that will end up here.
You're right, $10k on red is the worst advice.
Invest in an elevator company, they're always going up.
Don’t they go up as much as they come down given that ‘Ground’ floor is usually point of entry/exit. Flawed attempt at humour chief.
Don't invest in a brothel, they usually go ďown and you end up screwed.
Probably the safest single share investment is Cochlear COH. There is good growth, a dividend and also for an Australian share it resists the Australian market taking a dive due to foreign exchange rates. Form your own opinion, but it is often treated as the safe option in turbulent times but also performs quite well.
Huh, you saying it's a sound investment?
That is what I am hearing.
ansell and mr toys. hedge your bets
Name checks out.
Safe - park it in a bank account.
Relatively safe - put it in an index fund.
$10? Idk a Subway Sandwich?
What's the ASX code for Commonsec
It's not Commonsec to invest in EFTs.
Mine would be a highly personal answer imo, but it might be something you would also be interested in. They say that you should invest in something that you know which in my case would be gaming (among others). It's high risk though although the returns are also high as the numbers on this source would prove, but of course given esports' volatility, it is not for everyone. Still weighing the pros and cons now actually.
Buy $10k worth of mid-high end canon/Nikon camera and lens packages from gumtree. List all lenses, bodies and accessories seperately on eBay.
Gumtree is owned by eBay
What the Dickens does that have to do with what I posted?
Nothing, but this is very risky anyway and you'd be in for a big loss.
Apart from the risk of being thrown a malfunctioning digital toy, you need to pay 60%-70% of the retail price. Then, at best you have a set of second-hand electronics, which wouldn't sell at more than 75% at best.
Add shipping and time and you're easily losing hundreds to thousands.
Then I have noticed people list second-hand at 70% retail price, while many brand new items can actually be purchased at 80% retail just by using discount vouchers, etc.
@[Deactivated]: Weird, I've done it a number of times and double my money every time, as well as get myself a new lens. I must just be special.
It is incredibly easy to lose most (or even all) of your money if you don't know what you're doing & you make bad investments on the stock market.
If the money is for something important like buying a home, then I suggest putting your money in a term deposit in a bank. You will be guaranteed not to lose any money & not losing your money is far more important than chasing some imaginary high returns.
If you really really want to do stock investing, then I suggest doing a lot of reading first. The goal would be to be have enough knowledge so you are able to decide yourself what (and more importantly, when) to buy something & (even more importantly) when to sell it. Asking random strangers on the internet for stock tips is a one-way trip to losing your money.
Read the barefoot investor and go from there.
If you want to understand the background to his recommendations regarding index funds/ETFs etc. this is also a great read - https://www.goodreads.com/book/show/381355.The_Bogleheads_Gu…
The short answer is that make sure the rest of your finances are tidied up first (no debt, no credit cards*) and that you have a system of managing the money that you're making so that a portion of it is saved for short term savings (buying a car, holidays etc.) as well as another portion for long term savings (retirement). Once you have all your ducks in a row financially speaking you can proceed to invest via index funds/ETFs. This is probably not very complicated but you do need to read up and do some research so you can decide what mix matches your risk appetite and outlook.
Here are the list of Vanguard available funds to give you an idea (select Management Style - Index):
https://www.vanguardinvestments.com.au/retail/ret/investment…*regading Credit Cards, you could use them to accrue points but you must make sure you NEVER pay interest. If you can't promise yourself that than stay away from them.
I'm investing in new (or 2nd hand) home appliances, buying in bulk at the supermarket for non-perishables when 50% off etc.
I'd use some of that 10k to work out what do you spend alot on and use it to save, needs discipline but so does 'investing'.
Quick example, just an example… microwave packets of rice vs a proper rice cooker, over a year how much will it save. Same with a pod coffee machine in the morning. Same with a sandwich maker or toaster. Same with… you get the idea.
[Deactivated] on 21/07/2019 - 06:50 Comment score below threshold.