My comment is to seek diversity. Physical gold and silver (only to a point where you feel safe to hold/store it without it being on your mind), some stored in Perth Mint (I'd love to go to South Africa and bring back a bag full of Krugerands). MGF investment (Magellan Global Fund) provides a good bet also, Have a look at iTrust (google it -interesting idea - itrustinvest.com). I'd also look to drop a good portion into a superfund as a safe haven that has options for investment strategy that you can change (there are rules about contribution limits, concessional and non -seek help with a quality fund).
Put a limit of $250,000(limit of gov guarantee) into different banks (ADI list -look it up, -might be unnecessary, but why take a risk if you don't have to? check which banks own others...).
Do a bit more homework on recession/downturn proof investments, like food retail (Coles etc), and infrastructure (transfixed etc), and stick your toe in the water for some spec shares for a bit of fun (a few $ into rare earths, hydrogen (like Hazer HZR), battery storage (like RFX?) and/or maybe something that interests you, purely to have a giggle with and keep to yourself young).
These are all quite plain 'vanilla' options, which seems like a nicer flavour as you get older, but if you want some more sprinkles, then easy to slide up the scale with less diversity.
Good luck, and stay sunny side up
- Forums
- Economics
- Cashing in
My comment is to seek diversity. Physical gold and silver (only...
Featured News
Featured News
The Watchlist
AGC
AUSTRALIAN GOLD AND COPPER LTD
Glen Diemar, MD
Glen Diemar
MD
SPONSORED BY The Market Online