Money to invest

nice_guy80

Hello

I have about 30k that has matured and I'm looking to re-invest for a year (i won't need it)

I want to avoid the banks as the DIRT rate is ridiculous at the moment

What are the best options for me?

Shares?
fixed term deposit?

what other options are open to me
(i have got some financial advice on it, just want to make sure I'm making correct choice)

regards

DarkDusk

You could try buying some physical silver at the moment. It is severely undervalued, especially compared to gold right now. Prices are ticking up as people wake up to the fact that everything the Fed has said about "tapering" was false. Also, the US economy is showing new weaknesses in the housing market.

When silver makes its next move upwards, it's going to be very fast. You could see great gains over the short term on this play. If you are only going short term you could try one of the ETF's for silver which tracks it's price everyday.

MaxFlower

DarkDusk wrote: »

You could try buying some physical silver at the moment.

If you are only going short term you could try one of the ETF's for silver which tracks it's price everyday.

OK, I am not well versed on this so....I have money and I want to do the above. I take my money and I........

I don't know what's next so if anyone would care to point me to a sticky or even quickly answer, that would be great.

gordongekko

MaxFlower wrote: »

OK, I am not well versed on this so....I have money and I want to do the above. I take my money and I........

I don't know what's next so if anyone would care to point me to a sticky or even quickly answer, that would be great.

are you sure you would want to do that? Most sources you purchase from will charge vat @23% plus silver is heavy so you will have big shipping charges.

You will therefor need a large increase in price just to cover costs. A cheaper way might be to invest in a fund. But as always beware taking advise off a stranger on the internet and always seek professional advice.

Tugboats

Blue Horseshoe loves Anacott Steel.

Value Hunter

For a 1 year investment its best to play it ultra safe, hard in this environment to get a fair reward/risk investment as bonds are out of the question. Perhaps you'l have to settle for interest on a savings account, unless your willing to increase your risk profile to include stocks.

The safest and probably highest return vs risk/reward would be to pay off/decrease any loans you have outstanding? If this is an option to you

nice_guy80

Value Hunter wrote: »

For a 1 year investment its best to play it ultra safe, hard in this environment to get a fair reward/risk investment as bonds are out of the question. Perhaps you'l have to settle for interest on a savings account, unless your willing to increase your risk profile to include stocks.

The safest and probably highest return vs risk/reward would be to pay off/decrease any loans you have outstanding? If this is an option to you

no loans.

gordongekko

nice_guy80 wrote: »

no loans.

flight to Vegas, party for the weekend , balance on black at roulette wheel. Probably a poor return but the memories would be priceless.