Where do you put your non-stock money?
- Thread starter Wanwo
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Hi wanwo
I keep the cash portion of our portfolios in an online only savings account.....ie.....ING Direct, EsandaSaver etc...
I think most if not all the banks now have online only 'virtual' savings accounts available.....they pay a higher interest rate and your funds are virtually at call since you make overnight deposits/withdrawals from your online only account to a nominated/linked 'real' bank account.
hope this helps
bullmarket
I keep the cash portion of our portfolios in an online only savings account.....ie.....ING Direct, EsandaSaver etc...
I think most if not all the banks now have online only 'virtual' savings accounts available.....they pay a higher interest rate and your funds are virtually at call since you make overnight deposits/withdrawals from your online only account to a nominated/linked 'real' bank account.
hope this helps
bullmarket
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Im putting most of mine into Electronic gold accounts at the moment. most in e-gold but still reseaching cheaper and safer options.
Entry and exit fees are a bit high but hopefully offset by higher returns and its very liquid.
you can also play the money market by going in as $US and out as $Au for example as long as your banks spreads for other currencies is OK.
Regards John
Entry and exit fees are a bit high but hopefully offset by higher returns and its very liquid.
you can also play the money market by going in as $US and out as $Au for example as long as your banks spreads for other currencies is OK.
Regards John
Realist
Billie Jean is not my lover
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I'd recommend you look for cheap alcohol sales in your local area and really stock up. You can get some good wines cheap, and often cases or even kegs of beer are on sale.
After you drink them take your empties to SA where you get a 5 cent refund each.
But first buy Fosters shares. Australia's greatest brands all in one company.
That way you win in 4 ways - your shares go up, heaps of alcohol on hand = heaps of friends as well, nice refunds and you're recycling to keep the greenies happy, ohh and you get pissed whenever you want.
After you drink them take your empties to SA where you get a 5 cent refund each.
But first buy Fosters shares. Australia's greatest brands all in one company.
That way you win in 4 ways - your shares go up, heaps of alcohol on hand = heaps of friends as well, nice refunds and you're recycling to keep the greenies happy, ohh and you get pissed whenever you want.
wayneL
VIVA LA LIBERTAD, CARAJO!
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Realist, you might be on a winner there.
Alchohol sales go up in recessions apparently.
...a recession coming to a town near you
Alchohol sales go up in recessions apparently.
...a recession coming to a town near you
why not open a "Telenet saver" account with Bankwest and get paid for 6.4%, and use the interest you earned to get some good books to educate yourself?
www.abetterdeal.com.au
www.abetterdeal.com.au
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hi hissho
from memory, that 6.4% is only for the 1st 12 months and then the interest rate drops to a little below what most other banks are paying.
So if you leave your funds there for the long term you end up losing out.
hissho said:
from memory, that 6.4% is only for the 1st 12 months and then the interest rate drops to a little below what most other banks are paying.
So if you leave your funds there for the long term you end up losing out.
Sean K
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:iagree:
I only have enough cash to pay the rent and buy red wine. Mostly skinless at the moment, but they are just such great value.
I only have enough cash to pay the rent and buy red wine. Mostly skinless at the moment, but they are just such great value.
true.
so this year i put it under my name, next year my wife's name , a joint name the year after...that's already 3 years. other banks will come up with a better offer due to competition so i won't worry for the coming 3 years...
there is a will, there is a way!
cheers
so this year i put it under my name, next year my wife's name , a joint name the year after...that's already 3 years. other banks will come up with a better offer due to competition so i won't worry for the coming 3 years...
there is a will, there is a way!
cheers
bullmarket said:
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What BM said, however I belive commonwealth is paying more ATM
Dont usually drink beer but when I do I try not to touch VB... tastes like cats piss
Dont usually drink beer but when I do I try not to touch VB... tastes like cats piss
GreatPig
Pigs In Space
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And when did you last taste that?The Mint Man said:
GP
Sean K
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VB - The real Australian beer.
But, I started on Melbourne Bitter because Dad drank Melbourne.
Now, just clean skins and the odd label including the words Coonawarra and/or Shiraz.
But, I started on Melbourne Bitter because Dad drank Melbourne.
Now, just clean skins and the odd label including the words Coonawarra and/or Shiraz.
Hi Wanwo,
If you have a mortgage, it would be wise to put the money in an offset account as it would be effectively earning the interest rate of your home loan plus whatever you would've paid the taxman from other investments. If you don't have a mortgage, I would suggest putting it in a high-interest online savings account like Dragon Direct or ING if you are a disciplined saver and won't be tempted to spend it. If you know that you might access those funds for non-investment purchases, it would probably be better to put the money in a cash management account or term deposit.
Happy Investing,
Dennis
If you have a mortgage, it would be wise to put the money in an offset account as it would be effectively earning the interest rate of your home loan plus whatever you would've paid the taxman from other investments. If you don't have a mortgage, I would suggest putting it in a high-interest online savings account like Dragon Direct or ING if you are a disciplined saver and won't be tempted to spend it. If you know that you might access those funds for non-investment purchases, it would probably be better to put the money in a cash management account or term deposit.
Happy Investing,
Dennis
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Hi again wanwo
another option to the one I posted earlier which imo is also worth considering, assuming you are looking to 'park' some funds somewhere with a reasonable return, is to maybe have a look at Rubicon America Trust (RAT).
RAT is an ASX listed LPT which manages 33 high grade properties with mostly gov't department tennants in the US.
They have just announced their distribution for the June quarter and are now on a prospective yield of ~13%
RAT is currently trading ~19% below its NTA of $1.23 and I assume that is primarily because of their relatively high gearing, but I'm not convinced that their high gearing is a major issue since they have taken hedging positions against currency and interest rate movements. I suspect that if the general market turns genuinely bearish at any stage, then the ~13% yld atm will look pretty attractive to fund managers looking for safer more stable investments.
Anyway, just some more food for thought.
cheers
bullmarket
another option to the one I posted earlier which imo is also worth considering, assuming you are looking to 'park' some funds somewhere with a reasonable return, is to maybe have a look at Rubicon America Trust (RAT).
RAT is an ASX listed LPT which manages 33 high grade properties with mostly gov't department tennants in the US.
They have just announced their distribution for the June quarter and are now on a prospective yield of ~13%
RAT is currently trading ~19% below its NTA of $1.23 and I assume that is primarily because of their relatively high gearing, but I'm not convinced that their high gearing is a major issue since they have taken hedging positions against currency and interest rate movements. I suspect that if the general market turns genuinely bearish at any stage, then the ~13% yld atm will look pretty attractive to fund managers looking for safer more stable investments.
Anyway, just some more
food for thought.cheers
bullmarket
Realist
Billie Jean is not my lover
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:fu:
Why not try Cascade, Carlton Draught, Crown Lager, or Fosters instead?
Or some Penfolds Grange Hermitage? Is that not good enough for you?
Or 3 cougars thanks!
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wasn't it 5 cougars?
You're winning me over to the idea of buying some fosters shares realist - I like the idea that every time I have a beer its adding to my investment .... mmmm.... beer. :drink:
yeah I'll go the cascade over the vb though.
You're winning me over to the idea of buying some fosters shares realist - I like the idea that every time I have a beer its adding to my investment .... mmmm.... beer. :drink:
yeah I'll go the cascade over the vb though.
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yep it was cuttlefish
from memory, the original order was:
2 gin 'n tonics
2 vodkas
and a skotch
5 cougars thanks....!!!!!
from memory, the original order was:
2 gin 'n tonics
2 vodkas
and a skotch
5 cougars thanks....!!!!!
dennisll said:
Yep I did have an offset account. It's a very sweet deal - the money made not being income so I was effectively getting 6.92% tax free. Hard to do better than that with at call money in the bank. But I've sold my property now, which is why I've been scooting around for something else. Probably go with the ING. Nice product.
Hi,
Well if ur amount is small then u have banks for that but if u wanna invest large amounts then share market is the place for that bcos that is the place where you can get value for your money.
robert
http://www.creditsolutionsteam.com/
Well if ur amount is small then u have banks for that but if u wanna invest large amounts then share market is the place for that bcos that is the place where you can get value for your money.
robert
http://www.creditsolutionsteam.com/
