All Topics / Help Needed! / What to do with available funds

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of 30563056
    Participant
    @3056
    Join Date: 2006
    Post Count: 35
    September 3, 2006 - 12:25 am

    I have a $1.4M LOC at 7.02% pa with $965K in available funds.
    I don’t want to buy any IPs right now as I already have three and believe the market has further to fall. I’m using $50K at the moment to trade gold stocks and have been doing well, but am afraid to invest much more than that as it can be quite risky. My question is, can I get a GUARANTEED return of better than the 7.02% I’m paying on the LOC by any other means?[hmmm]

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    September 3, 2006 - 1:56 am

    I don’t think anything is guarranteed.

    There are various proeprty trusts out there returning about 10%. There are also mortgage companies offering similar, but some have gone under recently – eg. Westpoint.

    Whatever you do maybe split up the funds into several investments to reduce your risk of losing the lot.

    Terryw
    Discover Home Loans
    Parramatta
    [email protected]
    Sign up to my mailing list.
    Just send me a blank email, with “subscribe” in subject line.

    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

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.