Ask Expert


Investing

Noel Whittaker | August 25 2008 | The Sydney Morning Herald & The Age (subscribe)

How should I invest?

Q.

I am a 30 year old woman earning $69,000 a year. I have about $35,000 saved in a high-interest bank account and continue to save about $500 a fortnight. I am in a relationship and my partner owns a house but my circumstances mean I cannot assume the relationship will continue. Could you advise how I could invest my money wisely at this point?



A.

If the timeframe is relatively short, you should stick with the online interest bearing accounts offered by the major banks. But, if you can take a five to ten year view, it may be worthwhile talking to an adviser about investing in quality shares, while the market is down. Of course if you do this you should be prepared to leave your money untouched for several years.

Printer friendly version  Printer friendly version      Email to a friend  Email to a friend


top



Advertise with us | Contact us | Site map | About us
Privacy Policy | Conditions of Use | Membership Agreement

Copyright © 2008. Any unauthorised use or copying prohibited.

Check my portfolio for
» Shares
» Managed funds
» Networth
Create a portfolio


Each week financial advisor Noel Whittaker answers your questions.

Topics include:
» Mortgages
» Managed funds
» Superannuation
Ask a question now

Help

eNewsletter
Let our enewsletter Money Sense help you with your finances. Subscribe now.
See sample newsletter