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  • Profile photo of DJV666DJV666
    Member
    @djv666
    Join Date: 2004
    Post Count: 1

    I received a compensation payment from a serious MVA. I also have wage insurance which is ongoing, $800 per week. I have paid out my home mortage on a home which is worth around $350000. I still have $500000 to invest. What do you think is my best avenue to secure me and my childrens futre.

    Profile photo of byronent_2byronent_2
    Participant
    @byronent_2
    Join Date: 2004
    Post Count: 337

    Speak with a few financial planners, and an accountant.

    Whatever you do, don’t sign a thing until you are sure and run it by a solicitor. It may be expensive at the start, but it will all worth it in the end.

    If you choose property investments as your future, Read Steve’s books and check out the forums, lots and lots of info here that will get the brain working over time.

    Byronent
    Adelaide SA

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    Sounds like you could have many options. You could buy a lot of properties, using the money as deposits. Probably you best bet would be to diversify a bit, maybe you should talk to 3 different financial planners, including property specialists, and your accountant and solicitor.

    Terryw
    Discover Home Loans
    Mortgage Broker
    Click below to email me

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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