What would you do?

[zimby]

Howdy

What would you do with 60K in 3 months.
Rather than park it in the offset, I'd like to actively invest.
We'll be ready to buy in 3 months so money needs to be fairly liquid.
I've traded shares previously and done quite well.
Moderate risk factor( to make it worthwhile having it away from offset)

Cheers

 

[Corey Batt]

I'd actually hold it within offset. Even if you do well and increase it by 10% within 3 months you've only made a pre-tax profit of 10%, whereas there is the potential to also decrease this balance.

Alternatively you can secure a safe return of interest savings within your offset and spend the time researching how to best use these funds in 3 months time.

Just a thought, as I've seen many a persons savings be eroded by attempts to invest short term whilst saving.

 

[tobe]

put it in the bank and concentrate on researching the property market you are thinking of buying in.

 

[zimby]

Sigh... yea was going to do this any ways.. Either that or head to the casino and have a big bet on Red
I actually told my partner this and the look on her face was priceless.

 

[Scott_Snap]

I am sure if you check your inbox there is a Nigerian politician that needs to use a bank account that promises you a huge return. That way you don't have to drive to the casino to lose all your money.

I would go with the Off-set account.

 

[zimby]

Another one
Still waiting on the last Nigerian prince to visit and bestow his riches upon me!

 

[Peter_Tersteeg]

With a moderate risk factor over 3 months, about the only type of investment that suits this scenario is a savings account (offset account), or a term deposit.

 

[willair]

Howdy


I've traded shares previously and done quite well.


Cheers

Once you look into the entry - exit costs 60k for 12 weeks in the equities markets and if the units hold their value you could always work out one that pays a div above 9% in between the 12 week period,or the safe way is fixed term at below 3.75%..imho..

 

[Pawanmw]

I would park it in an Offset account (pref attached to principle residence). Since interest paid on mgt not tax deductable.