What is the best way to invest in the current ecomonic climate?
Q.
We are both 52 and have no debts. We both work so bring in a
good wage. We had been recently stopped puting extra into our super
because we feel the need to diversify. We are unsure whether to
renovate our property or sell and buy something newer. Can you tell
me what you would do under the circumstances in this current
climate?
A.
Salary sacrifice to super still remains your best option because
such contributions lose just 15% whereas money taken in hand loses
at least 31.5% if you earn more than $34,000 a year. You can always
diversify by having a mix of assets within super.
Each week financial advisor Noel Whittaker answers your
questions.
