What would you recommend as a higher risk - longer term investment
portfolio?
Q.
I am about to receive about $45,000 from the sale of a property.
I am not in a position to buy again straight away but would like to
maximise that opportunity in about two to three years time. What
would you recommend as a higher risk - longer term investment
portfolio? I realise it's a modest sum but I have to start
somewhere again. I have other monies for shorter term needs. We are
very interested in property and are considering vacant land
also.
A.
For a timeframe as short as the one you mention, you can't
afford entry or exit fees, or any market risk. Therefore choose one
of the online accounts offered by institutions like BankWest and
ING.
Each week financial advisor Noel Whittaker answers your
questions.
