First investment options?

> 10 years ago
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adolf
adolf
1862 posts
1862 posts
4 Sep 2013 10:55pm
I'd say no to a financial advisor.

Figure it out for yourself. If you don't want property, Start out with an online account and build up a portfolio of blue chip shares in a few different sectors. Investing in shares teaches you about business and some of the reasons why shares go up and down. A lot of the dividends are paying way more than you would get with the bank. Taking risks when you are younger is a good thing.
Sailhack
Sailhack
VIC
5000 posts
VIC, 5000 posts
5 Sep 2013 10:12am
I also agree that property is a good investment (although didn't originally post that due to it being a very touchy subject on SB going by past discussions).

Ideally, if you could buy a small (low-maintenance) place in a low-cost coastal area that you like, rent it out as holiday accom. & use it as your holiday house. In a couple of decades (based on past performance), you'll have tripled/quadrupled your investment & the tenants will have paid it off for you. Otherwise if family is important, maybe buy a place close to your home - same as above, but use it as a base when you come back to visit in the future?
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