7 Ways To Invest $10,000 For Australians In 2020

Best ways you can invest $10,000 as an Aussie in 2020 to really make the most of it because $10,000 is a sizeable amount of money that could end up making a very significant financial difference long-term if you don't mess it up.

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1. Set up an emergency fund!
You never know when you need some extra cash for unexpected events so make this a priority.

2. Get rid of any high interest rate debt first
Paying off high interest rate debt basically locks in that return, at NO RISK. Not only are you great effective returns from paying down this debt but you're also setting yourself up for the future.

3. Superannuation
You can actually get tax deduction for post tax contributions to your superannuation and its only taxed at 15%! Incredible for the majority of us who have a marginal tax rate of at least 30%, instant savings and also sets you up for the long term with super.

4. Safe Investments - Savings Accounts, Term Deposits and Bond ETFs
Savings accounts and term deposits both provide guaranteed investment returns for your money if you're saving up for something more significant. Otherwise a Bond ETF will provide a greater return with a bit more risk.

5. Index Funds / Total Market ETFs
An index fund is basically just an investment that tracks the overall market, and you’ll get to own a small amount of everything in one fund, for a low price. If you're in a fairly stable financial position this will probably be a good option for you.

6. Individual Stocks
Riskiest option with the highest potential rewards. If you enjoy trading and can deal with the constant highs and lows, this is something you might want to look into. Try to avoid ASX_Bets and you should be okay.

7. Real Estate or Property Investing
You can leveraged your initial $10,000 by buying a property and get magnified returns, you also get great tax deductions. But it is a risky investment and it takes a lot of work.

Видео 7 Ways To Invest $10,000 For Australians In 2020 канала Michael Ko