How can we maximise our monthly investment and get it working as
hard as it can over the long term?
Q.
My wife and I have finished paying off our mortgage and estimate
our property to be worth $400,000. We have an average annual income
of $100,000, no debt, and will have $3,000 a month to invest. We
would like to invest through either managed funds, geared
instalments or margin lending loans. How can we maximise our
monthly investment and get it working as hard as it can over the
long term? We are prepared to take some risks as we are only 30 and
are looking long term. Is there anything you can suggest?
A.
In view of your young ages you should stay away from salary
sacrifice so I feel the best option for you is a home equity loan
for investment. This strategy will ensure that you do not get a
margin call. Make sure you talk to a financial adviser who will
help you select appropriate investments and also do not get
over-committed.
Each week financial advisor Noel Whittaker answers your
questions.
