What are good investment options at the moment?
Q.
I'm a 19 year old full time student, and I've just inherited
about $20,000. I'm looking to invest, initially for a period of
about three to five years, and was wondering what investments would
be ideal to mature at this time.
A.
For a period of 5 years you may do well by investing in a
quality Australian Share Trust, provided you are prepared to hang
in there when the market has one of its normal downturns. If your
goals change and you start saving for a home deposit you may
reconsider your strategy at that time and move the money into a
high earning interest bearing account.
Each week financial advisor Noel Whittaker answers your
questions.
