Naritas Finance
Daily Bulletin

Money

  • Written by News Company


Every investment starts with some money. But what should one do if there is not much to start with in the first place? People either stick it in a savings account or invest smartly with even small amounts wisely according to the assessments and plans of financial experts.

People often invest in a home but with a meagre amount, it is not possible at all. But there are other ways to increase savings through smart investments in different elements. The returns are also dependent on how long you want to stay invested in the same strategy.

High-Interest Savings Accounts

For savers opting for a low-risk option, a savings account is the best repository for saving money consistently. A 90-day term deposit rate now stands at 2.38 per cent for a balance of $50,000.

The downside here that since the investor is playing it safe, it also means low rewards.

Stock market Funds

Investing in the stock market is tricky and it is helpful only to rely on the experts. Many savers have tried to crack index funds to grow wealth and diversify in a range of assets. Investors now try to keep different eggs in different baskets ensuring that the risk is spread in the long run.

One could start out with just around $2000 and then continue to append to the amount every month. Most experts advise that investors should not opt for quick returns and realistically should choose a systematic three-year plan to grow returns.

Diversifying risk over shares, stocks, or bonds can help in this regard.

Gold Bullion Investment

When it comes to growing money, people love to invest in gold. Instead of storing money in a savings account at low-interest rates, gold offers strong returns, but people didn’t need as much money as they think when it came to investing. Buying Gold Bullion in Australia is always profitable since gold prices have been consistently rising by more than 8% per annum.

With the Gold saver plans in motion, any Australian can build their savings with as little as $50 every month too. Since gold has traditionally performed better than shares and property over the two decades, investment in gold bullion does take the care for many investors.

Investing in Super

A major advantage of investing in super are the resultant tax benefits that are associated with the long-term asset. The tax concessions and income earned with a super fund can come in handy. The taxes on Super stand at 15 percent and is lower once deductions are claimed, with about 8% on the final investment. The average return of seven per cent per year through investments in super is much better than saving spare cash sitting in a savings account.

Although one cannot access the super fund immediately and one should save it for many years, the accumulated interest is enormous. Super is meant for long-term investment along with good tax concessions.

Rent a Room or a Garage

With more than seven million spare bedrooms across the country, there is $1.4 billion associated with untapped real estate. 60 percent of rental properties has many bedrooms idle giving an ideal opportunity for earning some bucks.

One can rent out a spare bedroom to earn some cash on a monthly basis. You can earn anywhere between $800-$1000 to pay down a mortgage or personal debt. Check out with your accountant if you can claim tax deductions in this regard.

Other than rooms, you can make money by renting out a garage or a car-park. In Sydney, it costs around $360 per month! Many investors are buying up car parks and garages to rent out.

Some users are also willing to shell out $70 per day for a car park space in a prime location.



Politics

Prime Minister - Cystic Fibrosis Specialist Unit

STRENGTHENING AUSTRALIA’S WORLD-CLASS HEALTH SYSTEM The Morrison Government will invest $65 million to establish the first dedicated Cystic Fibrosis Specialist Unit, offering world-class care for t...

Scott Morrison - avatar Scott Morrison

Tasmanian Defence Innovation and Design Precinct

MORRISON GOVERNMENT DELIVERS ON DEFENCE INNOVATION PRECINCT FOR LAUNCESTON The Morrison Government will invest $30 million in Phase 1 of the Tasmanian Defence Innovation and Design Precinct at th...

Media Release - avatar Media Release

Alan Jones interview with Scott Morrison

Bill Shorten’s big new taxes; our strong Budget for a strong economy; supporting essential services; Murray Darling Basin; ALAN JONES: Prime Minister, good morning. PRIME MINISTER: Good morning A...

Alan Jones - avatar Alan Jones

Business News

How to Become a Farmer That Makes Serious Profits in 5 Steps

A career in farming can be incredibly lucrative, if you have the right tools and know-how. Here's how to become a farmer that makes big profits in 5 steps.   Australia's farm industry makes up abo...

News Company - avatar News Company

5 signs you need to update your office furniture

Sometimes it is obvious that you need to update your workplace furniture. It may be physically broken, like an office chair that has lost its ability to be adjusted up and down. Or perhaps the desks...

Belinda Lyone, General Manager of COS - avatar Belinda Lyone, General Manager of COS

Independent online mortgage marketplace HashChing

MORTGAGE MARKETPLACE LAUNCHES CONVEYANCING SERVICES TO MAKE HOME LOAN PROCESS CHEAP AND FAST New legal partnership gives borrowers easy, online access to high quality solicitors at a fixed price  ...

Media Release - avatar Media Release

Travel

Things to Consider Before Emigrating to Australia

Moving abroad is often a big and an overwhelming decision that can hugely change your life and your future. Therefore, it is important to spend some time considering where you want to move to and rese...

News Company - avatar News Company

The Majestic City of Innsbruck

Innsbruck is the capital city of Tyrol and is the fifth largest city in Austria. It is located in western Austria between the high mountains of Karwendel Alps in the north and Patscherkofel in t...

Nico Hoffmann - avatar Nico Hoffmann

Bedsonline hosts Australian events to celebrate new brand launch

SYDNEY, April 15, 2019 Bedsonline(https://www.bedsonline.com/home/en-na), the leading global provider of accommodation and complementary travel products exclusively for travel agents, has hosted a ser...

Bedsonline - avatar Bedsonline

ShowPo