I'm pretty confident betting the Interest Rates are going to stay put or start decreasing over the next 12 months, so I was thinking to put $30K I just got to a Judo Bank Term Deposit at 5.10% for 5 years.
I don't need this money for the next 5 years and am hesitating between term deposit at a fixed rate (judo currently doing 5.10%) before they start lowering the rates, or eventually starting an VAS / VGS Vanguarf ETF but I know nothing about it so it will require some time from me to learn the basics.
I think it is a good time (we're are close the the point of curve reversal regarding the interest rates)
Thanks for you thoughts.
Ubank already doing it at 5.1 without locking it in, am I missing something?