Investing???

phat_stak_tipa · 13-05-2006, 10:51 PM

This question goes out to anybody on this forum who has some experience in investments....

Obviously im going to seek professional help with it all but i would like to know who on here has/is investing currently and who u are using/used for your financial advise.

this may seem a very serious topic for a young bloke like me but ive got about 4 years until my girl and i are ready to buy a house and in that time i would like to invest my money so that i will have maximum return.....

currently INGs 5.40% interest rates are not enough of a gain......

BPXR6T · 13-05-2006, 10:56 PM

I'm using AcheiveCorp. They manage my company and all of my assets. Everything from rent, food, credit cards, mortgages, super, managed funds, property, and car leases.

I pay a lot for there services, about $230/week. But a good finacial advisor/accountant is literally worth there weight in gold.

PHATXR8 · 13-05-2006, 10:57 PM

I'm an accountant in a public practice Chatered Accountants firm and I use the financial planner and stockbroker that we recommend our own clients to use. In the past 2 years these guys have more than tripled my money by investing long-term in shares in top 100 ASX listed companies. Getting good advice pays every time.

phat_stak_tipa · 13-05-2006, 11:22 PM

Quote:

Originally Posted by PHATXR8

I'm an accountant in a public practice Chatered Accountants firm and I use the financial planner and stockbroker that we recommend our own clients to use. In the past 2 years these guys have more than tripled my money by investing long-term in shares in top 100 ASX listed companies. Getting good advice pays every time.

Yeah im very interested in maximum gain.....i will have a lump sum of around 20k and then i will be putting in 1k a month for 3-4 years or so i worked out that just by saving i will have around 55k after 3 years if it stayed in ING it would gain about 5k or so but id really like to have maybe double that(e.g 100k) or more in that time (probably not realistic) id be happy for it to gain more than it would now with ING or just by saving.....

Black XR6 · 13-05-2006, 11:26 PM

Everybody investing is interested in mximum gain im sure.

Tripling your money in 2 years in a long term geared investment is quite impressive considering 2 years is very short term.

chevypower · 14-05-2006, 12:38 AM

purchase an investment property on an interest only loan, secure a tennant before you do the deal, make sure it's positively geared so you dont loose any of your disposable income on it, when you buy your owner occupied house, get your investment revalued (as it will have gone up in value without you paying off capital), secure your O/O property against your investment property. Just make sure you get some advice from people you know and trust who are experienced with property investment, but that's the way i recommend doing it.

phat_stak_tipa · 14-05-2006, 12:57 AM

my parents have a good accountant il have to give him a call and see who/what he recommends and il go from there i guess....all i know is there is money to be made out there if u use your brain and others brain/skills....im not trying to be a millionaire i just want to get the most out of my money.

RSgerry · 14-05-2006, 11:41 AM

pay the money and get good and reputable adviser. and remember the golden rule...if it sounds too good to be true, then it is. good luck

parawolf · 14-05-2006, 11:48 AM

Quote:

Originally Posted by phat_stak_tipa

Yeah im very interested in maximum gain.....i will have a lump sum of around 20k and then i will be putting in 1k a month for 3-4 years or so i worked out that just by saving i will have around 55k after 3 years if it stayed in ING it would gain about 5k or so but id really like to have maybe double that(e.g 100k) or more in that time (probably not realistic) id be happy for it to gain more than it would now with ING or just by saving.....

maximum gain? put it on the 100:1 race horse at the next event at Caulfield or whatever your local race track is.

Maximum gain = maximum risk. your problem with 3 - 4 years is that it is classified as short term and a financial adviser is likely to not recommend something risky as you want to ensure that you preserve your capital.

If you can afford to take the risk that this might drop to 10k from your initial investment of 20k then go ahead. But seriously big returns mean big risk.

I am not a financial adviser and I would strongly recommend paying someone for advice as they will also want to know your longer term strategy and make better suggestions.

Duffman · 14-05-2006, 11:52 AM

Sharemarket is good and there is alot been made on stocks atm such as oxr, zfx, osh etc resources look like they will continue strong for a while. I think though you have to be prepared if you lose it. Imagine if you put your 20k into telstra 3 years ago at $7.50 and now its worth around $9500.

The sharemarket game is a good one to start with they give you 50k its been 11 weeks I haven't played it much but already up to 67k, though its fairly easy to make money in resources atm.

If you think about using an advisor the only issue been brokerage can hurt on small amounts of money.

Paxton · 14-05-2006, 12:11 PM

The Wife and I started a Family Trust about a year ago, for when we have kids. We put a certain amount of our pay into it (2,000/month between us), and had it managed, and invested for us. It is for us to decide what we buy (its partly in the stock market), however the cash side is in a St George Managed Trust Account, where it has to stay for 18 months, and then re-invested, with interest included.

I was quick and bought BHP Shares at $24.00, and have made ~$7 per share, or $3500, for my 500 shares. I also had AMP Shares, which I added to the trust, however I'm not sure on their value. Commsec is the best Share Trading program (Internet Based) that I have come across. It works, and I understand it!

Investing money isn't for the short term - My EF XR6 was bought with money my GrandMother invested when I was born. I want to do the same thing for my kids - give them a helping hand for the future.