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| Thread ID: 80371 | 2007-06-20 09:49:00 | Investment advice | george12 (7) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 561025 | 2007-06-22 04:15:00 | Just keep your cash in the bank mate. Minimal risk, consistent interest gain, no headache. With the small amount you're talking about a loss will hit you big time and a potential win is too risky. Agreed. If you need more money in a short time frame try selling more computers. Investments are a great idea but they should preferably be spread over a portfolio of companies that incorporate varied amounts of risk (from very safe low return to riskier hi return companies) and be done over a period of years to get the best returns rather than out of desperate $$$ need over a period of 6 months or so. |
winmacguy (3367) | ||
| 561026 | 2007-12-09 07:59:00 | [edit: spam removed] | ADB (12439) | ||
| 561027 | 2007-12-09 09:53:00 | Hmmm ... this poster above just brought up this old thread. My opinion is that after reading Gareth Morgan's book and knowing colleagues who worked in finance and with the collapse of NZ financial companies is that if you want to invest, do it yourself by getting a trading account with the many banks or financial companies, so you are doing the buying selling not the company. Consumer Magazine also said that in the past all these companies the return was lower than a standard bank deposit let alone a term deposit. Much of the time you made a loss even on a balance risk portfolio. Regarding for short term savings - just go with a normal savings account, Kiwibank has one at 8.20% and Westpac has it at 8.30% I think, these are compounded monthly and paid monthly. Be careful with term deposits because if its 3 month, the interest paid out may be at the end of the 3 months so you miss a lot of the monthly compounded interests. If you do the maths, you will find that even if the term investment is like 0.5% higher but because its paid out less frequent so you get less compounded interests you are actually worst off. The only time you would benefit is if you locked yourself into a 3 month or 1yr term investment but the normal savings account takes a dive. |
Nomad (952) | ||
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