If you are 30 and have $10K, how will you invest?

Question

How you people invest at this stage? Will you invest your money in foreign market or NZ market? What are the tools available? I am currently only having it in term deposite, just wanna find something to earn high rates

Answer 1

This depends on your goal and time horizon. This depends on whether you will hold the investment in a tax-advantaged account or a taxable account. Depends on your tax bracket. Depends on what other investments or savings you already have. Depends on your personal risk tolerance. Depends on whether or not you are in credit card debt.

You'll need to figure this out for yourself. Get a good introduction to investing and you'll be able to do this. Any of these sources will help:

1) Book: Mutual Funds for Dummies, by Eric Tyson
2) Book: The Boglehead's Guide to Investing
3) My free downloadable book: http://www.invest-for-retirement.com

Answer 2

Invest in Mutual Fund: As the mutual funds are designed by investment companies to buy shares in different stocks and other securities, the mutual fund investor along with their ownership of shares of the mutual fund, have a restricted claim to ownership on few of the securities held by the mutual fund. Besides mutual funds provide the dual advantages of diversification and professional money management services to manage the money invested in the fund.

Shareholders can buy more shares or sell the shares they own whenever they wish. But these transactions should be carried out carefully since the prices of the shares vary daily and can significantly affect your profits.

Answer 3

What i do now is having a management fund like BT Financial

https://online.btfunds.com.au/retailinvestor/investor?Request=AccountHoldings&accountIndex=0&InvestorNo=C12950097&NavId=010201

they helped me to manage my money, some for foreign shares, some for property, some for domestic market....

for detail just open that site

i save $550/month... for this financial year i got in total a $830 re- distribution from this management fund.. that's exclude the monthly interest

but yeah, it also like other market, the percentage ups and downs, since i am on medium risk, so the fluctuation is not too extreem

Answer 4

honestly what you should do, is go buy some books on investing and try to learn everything you can about the stockmarket,... that's makes since, right??
Or you can always put your money in a mutual fund like some of the other people who answered your question said, and let some one else invest your money, but don't expect to yeild really large gains,.. which ever works for you i guess

Answer 5

If you don't wanna risk loosing any money, then Vanguard Money Market is best for you, paying 5.xx%. I don't know much about other things, except always be in mutual funds. I know a high yield fund will pay alot, but may loose alot of your money. Money Market is the safest.

~Cindy! :)

Answer 6

you must invest in Mutual Funds, which gives minimum 30% to 40% return annually and is much safer than directly investing in stock market and investing in Gold is also a good option through commodity market because it also gives return of 30% annually but you need a little knowledge of commodity market for this, so i advice you to invest in those mutual funds which invests in Asian markets because Asian markets are emerging markets and consistently giving higher returns from past many years.

Answer 7

mutual funds ! must be a new fund. keep it for 2-3 years and sell it. Get a reputable one which have a good track record that produce high return. do some home work first.

Answer 8

Open a brokerage account at Zecco and invest in Sony, Nintendo and Microsoft.

Answer 9

i wud certainly make a fixed deposites coz there's low and unpredictable in M.F.'S and foreign market is on low rates now a days