Question:
Aussies whats the best long term investment accounts?
Like if I wanna continue putting money in monthly or annual and keep it in there for many years. Anyone know who gives the best interest rates etc.? THANKS FISHIES
Go have a chat with a financial adviser first. Tell them your exact situation and they'll come up with some really good plans for you. The first sessions is free and there's no pressure for a second consultation. This is just my experience at HSBC.
If you can't be bothered doing that, go pick up an investors magazine from your local newsagent, they normally have a list of managed funds ranked by performance.
If you want safe then get a term deposit.
I have one and get about 6.4% with the National Australia Bank and i have it mature every 3 months so i can invest more in it.
I have a substantial amount of $$$ so i get a goodish %age.
Starting with 5k-10k or so you wont get such a high %age
I've heard good things about ING direct
I've heard good things about ING direct I get a very good interest rate with my ING Direct savings.
Somehing with ING or HSBC or any of the banks as long as there isnt any bad penalties for taking money out
I much prefer the calculatd daily/paid monthly deals of ING
avoid anything that is with a group investmen type thing that is paying fixed interest payments above the market average
I recommend:
Hunter Hall Value Growth Trust
http://www.hunterhall.com.au/perform...tfolio.htm#VGT
20% pa since 1994
http://www.dimensional.com.au/strate...formance_data/
Dimensional - Small Companies Trust & Value Trust
All my superannuation is in Colonial First State Geared Share
www.colonialfirststate.com.au/
31%pa for 5 years
For an investment advisor I recommend Travis Morien - read his FAQ.
http://www.travismorien.com/
----------------
I've just made you a million dollars, from somebody who has investments in the $millions. My fee is a dozen Krispy Kremes.
Stuff cash accounts for the long term. If you can handle the risk you should go with shares, possibly a geared for better returns.
Woah....I only just started looking into investment ideas myself yesterday (yes Australian)....I'll be keeping an eye on this thread...
When you say "many years", it does increase your options. Personally as I'm with the Commonwealth Bank I have a NetBank Saver. 6.00% P.A, I can deposit/withdraw whenever I want. Compounded daily and the rate is based on the Reserve cash rate which should still go up a few quarters this year (oh, is the RBA meeting today or tomorrow?) but this is only for the short term for me.
If you have enough money (several thousand) I would consider sharemarket investment. Yes, the stockmarket is down like 8% in the past week due to US market sub-prime defaults (i.e Bad things) but with some research it can actually be a good time to buy within then next few weeks if you know what you are doing.
Diversified Mutual Funds for the WIN
Diversified Mutual Funds for the WIN I'm a little bit wary of mutual funds, i've heard too many horror stories...
I'm a little bit wary of mutual funds, i've heard too many horror stories... If you stay with a reputable bank or firm, you should have almost NO worries
trust me... screw any bank accounts. stock markets wher the big moneys at... lol nah but srsly
pm me if u want some srsly big time stocks... that u could make a fortune of.... let me no
trust me... screw any bank accounts. stock markets wher the big moneys at... lol nah but srsly
pm me if u want some srsly big time stocks... that u could make a fortune of.... let me no negged
lol nah but srsly
u like? let me no
negged
lol nah but srsly
u like? let me no lol. what do u want to no?
trust me... screw any bank accounts. stock markets wher the big moneys at... lol nah but srsly
pm me if u want some srsly big time stocks... that u could make a fortune of.... let me no is the stock ticker CSHD ;)
is the stock ticker CSHD ;) sorry dont get u.. plz explain
I'm a little bit wary of mutual funds, i've heard too many horror stories...
Then I suggest you study portfolio theory, and buy into funds that use the Fama/French 3 factor model.
http://en.wikipedia.org/wiki/Eugene_...e_Factor_Model
Then I suggest you study portfolio theory, and buy into funds that use the Fama/French 3 factor model.
http://en.wikipedia.org/wiki/Eugene_...e_Factor_Model You're right, i do need to educate myself more on this matter. I have built up a decent amount of savings and i would love to maximise my returns by investing it better but i really don't know where to start. I was thinking blue chip shares might be a good starting point so i have been watching the market for a while but the last few days have put me off. I'll look into those links that you posted earlier anyway :)
You're right, i do need to educate myself more on this matter. I have built up a decent amount of savings and i would love to maximise my returns by investing it better but i really don't know where to start. I was thinking blue chip shares might be a good starting point so i have been watching the market for a while but the last few days have put me off. I'll look into those links that you posted earlier anyway :) I'm going to have a financial adviser guide me and do up a proper long term plan for me based on my situation/goals....might be something for you to consider since you sound similiar to me (have money to do stuff with...but not the knowledge)...
bankwest
brokers and advisers are wankers who overcharge for basic knowledge and are bastards with a 10 page disclaimer. ur better off saving the fees and put it into cash 6.8% at bwest.
also invest across different person's names. if you have a mum or a wife with low income put it in their name.
minotaur
topstocks.com.au is the best aussie sharemarket forum there is
http://topstocks.com.au/asx_discussion_forum_home.php
Like if I wanna continue putting money in monthly or annual and keep it in there for many years. Anyone know who gives the best interest rates etc.? THANKS FISHIES
Answer:
Go have a chat with a financial adviser first. Tell them your exact situation and they'll come up with some really good plans for you. The first sessions is free and there's no pressure for a second consultation. This is just my experience at HSBC.
If you can't be bothered doing that, go pick up an investors magazine from your local newsagent, they normally have a list of managed funds ranked by performance.
Answer:
If you want safe then get a term deposit.
I have one and get about 6.4% with the National Australia Bank and i have it mature every 3 months so i can invest more in it.
I have a substantial amount of $$$ so i get a goodish %age.
Starting with 5k-10k or so you wont get such a high %age
Answer:
I've heard good things about ING direct
Answer:
I've heard good things about ING direct I get a very good interest rate with my ING Direct savings.
Answer:
Somehing with ING or HSBC or any of the banks as long as there isnt any bad penalties for taking money out
I much prefer the calculatd daily/paid monthly deals of ING
avoid anything that is with a group investmen type thing that is paying fixed interest payments above the market average
Answer:
I recommend:
Hunter Hall Value Growth Trust
http://www.hunterhall.com.au/perform...tfolio.htm#VGT
20% pa since 1994
http://www.dimensional.com.au/strate...formance_data/
Dimensional - Small Companies Trust & Value Trust
All my superannuation is in Colonial First State Geared Share
www.colonialfirststate.com.au/
31%pa for 5 years
For an investment advisor I recommend Travis Morien - read his FAQ.
http://www.travismorien.com/
----------------
I've just made you a million dollars, from somebody who has investments in the $millions. My fee is a dozen Krispy Kremes.
Answer:
Stuff cash accounts for the long term. If you can handle the risk you should go with shares, possibly a geared for better returns.
Answer:
Woah....I only just started looking into investment ideas myself yesterday (yes Australian)....I'll be keeping an eye on this thread...
Answer:
When you say "many years", it does increase your options. Personally as I'm with the Commonwealth Bank I have a NetBank Saver. 6.00% P.A, I can deposit/withdraw whenever I want. Compounded daily and the rate is based on the Reserve cash rate which should still go up a few quarters this year (oh, is the RBA meeting today or tomorrow?) but this is only for the short term for me.
If you have enough money (several thousand) I would consider sharemarket investment. Yes, the stockmarket is down like 8% in the past week due to US market sub-prime defaults (i.e Bad things) but with some research it can actually be a good time to buy within then next few weeks if you know what you are doing.
Answer:
Diversified Mutual Funds for the WIN
Answer:
Diversified Mutual Funds for the WIN I'm a little bit wary of mutual funds, i've heard too many horror stories...
Answer:
I'm a little bit wary of mutual funds, i've heard too many horror stories... If you stay with a reputable bank or firm, you should have almost NO worries
Answer:
trust me... screw any bank accounts. stock markets wher the big moneys at... lol nah but srsly
pm me if u want some srsly big time stocks... that u could make a fortune of.... let me no
Answer:
trust me... screw any bank accounts. stock markets wher the big moneys at... lol nah but srsly
pm me if u want some srsly big time stocks... that u could make a fortune of.... let me no negged
lol nah but srsly
u like? let me no
Answer:
negged
lol nah but srsly
u like? let me no lol. what do u want to no?
Answer:
trust me... screw any bank accounts. stock markets wher the big moneys at... lol nah but srsly
pm me if u want some srsly big time stocks... that u could make a fortune of.... let me no is the stock ticker CSHD ;)
Answer:
is the stock ticker CSHD ;) sorry dont get u.. plz explain
Answer:
I'm a little bit wary of mutual funds, i've heard too many horror stories...
Then I suggest you study portfolio theory, and buy into funds that use the Fama/French 3 factor model.
http://en.wikipedia.org/wiki/Eugene_...e_Factor_Model
Answer:
Then I suggest you study portfolio theory, and buy into funds that use the Fama/French 3 factor model.
http://en.wikipedia.org/wiki/Eugene_...e_Factor_Model You're right, i do need to educate myself more on this matter. I have built up a decent amount of savings and i would love to maximise my returns by investing it better but i really don't know where to start. I was thinking blue chip shares might be a good starting point so i have been watching the market for a while but the last few days have put me off. I'll look into those links that you posted earlier anyway :)
Answer:
You're right, i do need to educate myself more on this matter. I have built up a decent amount of savings and i would love to maximise my returns by investing it better but i really don't know where to start. I was thinking blue chip shares might be a good starting point so i have been watching the market for a while but the last few days have put me off. I'll look into those links that you posted earlier anyway :) I'm going to have a financial adviser guide me and do up a proper long term plan for me based on my situation/goals....might be something for you to consider since you sound similiar to me (have money to do stuff with...but not the knowledge)...
Answer:
bankwest
brokers and advisers are wankers who overcharge for basic knowledge and are bastards with a 10 page disclaimer. ur better off saving the fees and put it into cash 6.8% at bwest.
also invest across different person's names. if you have a mum or a wife with low income put it in their name.
minotaur
topstocks.com.au is the best aussie sharemarket forum there is
http://topstocks.com.au/asx_discussion_forum_home.php