What is the best way (Fastest and with Managed Risk) to gain the deposit of about AU$5000 – AU$20,000 to invest?
That is a very general question.
Save it?
Cheers,
Simon Macks
Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Salary from a job I’d say.
Share market ?
I’d have to agree with Dazzling (I don’t have the experience with shares, etc to gain such a high return in a very fast time). If the money required is paramount (a must not a maybe) then look at ‘every’ cent that goes out of your hand and ask yourself do ‘I need it or want it?’ Anything that is a ‘want’ needs to be culled. I don’t know your family situation but this would have to be followed by all parties. I keep a money diary as a habit. I’ve done this for 8 months now and it’s amazing how much I have cut back on spending. The ironic thing is that although I itemize each expenditure, it’s the ‘hassle’ of knowing that I have to write it down that has automatically made me spend less. I literally cannot be bothered having to write everything down, so as a result I’ve noticed each month my spending habits have reduced. You have to have great self discipline though for this to work.
Best of luck!
Kind regards,
Gatsby.
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