Hoping for a few opinions!
I have some leftover borrowed funds from an IP purchase - around 7K.
Rather than pay back into the mortgage, I want to use for other income-producing purposes.
I am looking for a moderate risk, longer term option, favouring growth over income.
Basically something that in 10-15 years time me and Mrs Monkey can cash in for a nice return (perhaps roll into a banana plantation).
Tossing up between 2-3 shares or 1-2 managed funds (perhaps a low cost index option like vanguard australian index and international index)
Not really concerned that brokerage fees will be high for this small amount. would do this through e-trade.
What would you do if your foot was in my (space) boot?