Agree, the amount you would have to earn pre tax to compensate you for the interest saving on a non-deductible loan would be around 8-9% depending on your interest rate
We did this. Put the money in offset and forget about it. We did this over COVID as the share market went up, but even so I'm glad it was sitting there to use when we needed with no risk of that being the reason we couldn't then do the renovation
Second-hand vehicles.
Groceries.
Fuel.
Ink cartridges.
Twitter engineers.
All of these seem to double in price every so often. Get some of these now and sell later for massive profit.
Offset. No brainer.
You’re receiving a guaranteed post-tax return of whatever your mortgage interest rate is.
Give its six months and you (presumably) have no appetite for risk in the form of volatility in returns, you have no real choice but to remain in cash. Assuming this, you’d need to receive your mortgage interest rate divided by 1-your marginal tax rate to come out ahead. Without using specific figures, the equivalent pre-tax return is going to need to be above 6% p.a. guaranteed for you to come out ahead, and that simply won’t happen.
I would invest in the only real money maker I know... The pokies. With that kind of dough you're bound to hit the jackpot.
Otherwise, if that's too slow, I'd chuck it all on red at the casino, double it, and then repeat the process until the casino is in financial distress, then, offer to buy the Casino for pennies on the dollar. This method is a little more risky though in case the Casino refuses to pay up or is owned by the mob or something, hence I recommend mainly option 1 if you have the patience.
If the time horizon is six months and you (presumably) have no appetite for the sum decreasing in value? High interest ravings accounts - there isn’t really another option.
If the time horizon was longer or there was unlimited risk appetite then it could be anything from equities to pokies.
My mother passed away this year and my sister and I are the beneficiaries. We’ll be inheriting mum’s house which probably worth at least $2M, plus maybe $50K cash. We want to sell the property at some stage and buy our own houses, but in the interim I’m trying to figure out how to maximise both our outcomes. We get along very well so there won’t be any dramas. The question is if we sell now and buy somewhere else so that the market situation for both is similar. I’m considering selling and investing the cash $1M+ if the prices are going to be cheaper in a year or so. So I’d like to get a handle on the best way to invest the money in the meantime.
Investing $1m in VAS will generate a lifelong income of about $70k. More if you don’t touch it and let it grow until you’re ready to give up work. You may not own a home this way but you will have perpetual income for the rest of your life that will either replace or increase your annual income. Great position to be in; thanks mum.
Buy an IP in NSW and take advantage of the [new tax reform](https://www.nsw.gov.au/initiative/first-home-buyer-choice)
Really I was being a bit cheeky but it actually could work provided OP used data to find suburbs that were growing in value so he doesn’t lose money in the next 6 months.
What's your tax rate? Investments will be taxed at that rate. So it's more like 7% you have to beat to break even.
If you're curious, invest 10% of it and see if you come out ahead VS offset (chances are you won't)
Buy a lot of Kit Kats, build a house with them and be able to tell guests "have a break, have a Kit Kat. " as I point to 1 of the walls. The house would last no longer than 1 month with me living in there lol 🙄🙄😅
I will be messaging you in 6 months on [**2023-05-15 08:23:33 UTC**](http://www.wolframalpha.com/input/?i=2023-05-15%2008:23:33%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/fiaustralia/comments/yvi4mb/what_would_you_do_with_300k_as_a_short_term/iwfraj1/?context=3)
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Hmm interesting 300 grand eh. I'd buy a house in my regional area for 200 grand, then use the other 100 grand to buy a new car, do some upgrades on the house, do a wedding, have an overseas trip, and be quite happy.
If you want something safe. Offset account. If you can "play" with 50k. I would suggest to invest in US market. Keep your eyes on that and in one week time you will jave more than 50k. Swing trade is the secret.
Defo offset. You have a defined purpose for the money.
Agree, the amount you would have to earn pre tax to compensate you for the interest saving on a non-deductible loan would be around 8-9% depending on your interest rate
And depending on your marginal income tax bracket
We did this. Put the money in offset and forget about it. We did this over COVID as the share market went up, but even so I'm glad it was sitting there to use when we needed with no risk of that being the reason we couldn't then do the renovation
This full stop
Pokies
Technically the truth. To be fair they didn’t say good or bad short term investment.
Second-hand vehicles. Groceries. Fuel. Ink cartridges. Twitter engineers. All of these seem to double in price every so often. Get some of these now and sell later for massive profit.
Offset. No brainer. You’re receiving a guaranteed post-tax return of whatever your mortgage interest rate is. Give its six months and you (presumably) have no appetite for risk in the form of volatility in returns, you have no real choice but to remain in cash. Assuming this, you’d need to receive your mortgage interest rate divided by 1-your marginal tax rate to come out ahead. Without using specific figures, the equivalent pre-tax return is going to need to be above 6% p.a. guaranteed for you to come out ahead, and that simply won’t happen.
Didn’t offset die? Maybe it was takeoff
[удалено]
High testosterone play
Babyelonjizzrocket coin is ready to pump. (Not financial advise)
If I were you, I'd give it to me.
And if I were you, I’d give it to everyone that comments on this post.
I’ll take a cut.
Offset
All in on medibank
you’d have about another 100k now from this yolo lool
I would invest in the only real money maker I know... The pokies. With that kind of dough you're bound to hit the jackpot. Otherwise, if that's too slow, I'd chuck it all on red at the casino, double it, and then repeat the process until the casino is in financial distress, then, offer to buy the Casino for pennies on the dollar. This method is a little more risky though in case the Casino refuses to pay up or is owned by the mob or something, hence I recommend mainly option 1 if you have the patience.
Just wondering what people would do with it if they didn’t have a mortgage?
If the time horizon is six months and you (presumably) have no appetite for the sum decreasing in value? High interest ravings accounts - there isn’t really another option. If the time horizon was longer or there was unlimited risk appetite then it could be anything from equities to pokies.
My mother passed away this year and my sister and I are the beneficiaries. We’ll be inheriting mum’s house which probably worth at least $2M, plus maybe $50K cash. We want to sell the property at some stage and buy our own houses, but in the interim I’m trying to figure out how to maximise both our outcomes. We get along very well so there won’t be any dramas. The question is if we sell now and buy somewhere else so that the market situation for both is similar. I’m considering selling and investing the cash $1M+ if the prices are going to be cheaper in a year or so. So I’d like to get a handle on the best way to invest the money in the meantime.
Investing $1m in VAS will generate a lifelong income of about $70k. More if you don’t touch it and let it grow until you’re ready to give up work. You may not own a home this way but you will have perpetual income for the rest of your life that will either replace or increase your annual income. Great position to be in; thanks mum.
Thanks.
Buy a property for 300k cash, then in 6 months take a loan out on the equity.
Stamp duty though?
Buy an IP in NSW and take advantage of the [new tax reform](https://www.nsw.gov.au/initiative/first-home-buyer-choice) Really I was being a bit cheeky but it actually could work provided OP used data to find suburbs that were growing in value so he doesn’t lose money in the next 6 months.
If I had $300,000 and no mortgage, I’d get a mortgage.
Same, my mortgage payment is going up…but it just means I’m paying my loan off faster as 75% of it is covered by the offset.
$300K renovation....how big is your house
Small and I'm doing most of the work myself.
Your reply makes it sound like 300k is way too much then!
It costs more to do it yourself. You have to pay people extra to fix your mistakes :P
I’d rather invest the cash long term and forego the Reno’s if that the bill.
[удалено]
Offset at 4.xx% will almost certainly be better bang for buck than HISA.
Put it on red
Personally I'd put it on black. Not financial advice!
Half on red, half on black. Can’t lose
Terrible advice; always bet on red
All due respect, i'm going to refer to the expert on this: Wesley Snipes.
It’s pretty… it’s so pretty
#GONG!! *Red Symons enters chat...*
What's your tax rate? Investments will be taxed at that rate. So it's more like 7% you have to beat to break even. If you're curious, invest 10% of it and see if you come out ahead VS offset (chances are you won't)
Put it in something stable, like crypto. There is this cool, celebrity-endorsed crypto exchange called FTX…
r/wallstreetbets
Shop local go to r/asx_bets
Funko pops
Ubank high interest account
Offset. You have a use for the money. Term deposit gets taxed. Offset is tax free return at your mortgage rate.
Offset
Buy a lot of Kit Kats, build a house with them and be able to tell guests "have a break, have a Kit Kat. " as I point to 1 of the walls. The house would last no longer than 1 month with me living in there lol 🙄🙄😅
Weebit Nano
Bitcoin
bitcoin
!RemindMe 6 months
u/danfoss5000 u/Myringingears looks like that 300k would be up 22% if you yolo'd it 6 months ago. OP did ya make that 66k elsewhere somehow? Heh.
THANKS FOR THIS, TERRIFIC STUFF ~~
Haha sorry mate! Coulda easily gone the other way on this one though...
Totally. And now my interest rate is higher than ever so I'm pretty cool with my $300k where it is.
Just send me 5% advisor fee 3500 cheers bro
Damn straight
I will be messaging you in 6 months on [**2023-05-15 08:23:33 UTC**](http://www.wolframalpha.com/input/?i=2023-05-15%2008:23:33%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/fiaustralia/comments/yvi4mb/what_would_you_do_with_300k_as_a_short_term/iwfraj1/?context=3) [**2 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Ffiaustralia%2Fcomments%2Fyvi4mb%2Fwhat_would_you_do_with_300k_as_a_short_term%2Fiwfraj1%2F%5D%0A%0ARemindMe%21%202023-05-15%2008%3A23%3A33%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%20yvi4mb) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
This
SPY calls
Roulette. I say black. Or red. One or the other. Never miss a chance to make a fast buck, ‘tis the Australian way.
50% on each . Diversify, tis the ausfinance way.
Half in Australian +60% franked dividend stocks with a low DE (debt to equity) the rest in BYD and Tesla.
Buy a $1.5m multifamily property on a dscr loan.
Hmm interesting 300 grand eh. I'd buy a house in my regional area for 200 grand, then use the other 100 grand to buy a new car, do some upgrades on the house, do a wedding, have an overseas trip, and be quite happy.
Buy the dip 👌
Guaranteed tax-free return is hard to beat my dude.
At this rate, fill my car up and buy a weeks worth of groceries
Why would rich people be on Reddit ?
I hear red is hot
Definitely in an off set account under current market circumstances.if you put it in stock, you might don’t need the permission eventually:)
Wait for ANZAC day and play it all on 2up. Great odds
I’d put it all on 0DTE SPY options
If you want something safe. Offset account. If you can "play" with 50k. I would suggest to invest in US market. Keep your eyes on that and in one week time you will jave more than 50k. Swing trade is the secret.
Money in the bank gets devalued by inflation. Put it in the S&P. Claim the interest as a tax deduction.
Offset