Where To Invest 10k
Money Magazine Australia|August 2019

It's not quite like winning the lottery, but $10,000 invested wisely can make a big difference to your finances or future lifestyle. But where to invest? Our experts point you in the right direction.

Darren Snyder
Where To Invest 10k

Last month Money turned 20 and as a part of its celebration the magazine ran a series of social media posts about the varying prices of goods since 1999. In essence, the social posts remind us the dollar doesn’t stretch as far as it once did. A quick check of the Reserve Bank’s inflation calculator suggests a $1 bag of lollies in 1999 would have cost you $1.66 in 2018 – a 65.6% increase in 19 years. Would my 12-year-old self in 1999 have bought the same lolly bag in 2018 at its new price? That’s a tough question, but I’m sure, like any good consumer, I would have weighed up my options.

For the purposes of this story, a $10,000 basket of goods and services in 1999 was valued at $16,558 in 2018 (based on inflation only).

Dial the clock back 50 years to 1968 and you could buy a home in an Australian capital city for $10,000 or less. Nowadays this is barely the beginnings of a home deposit. However, the inflation calculator tells us that same $10,000 in 1968 would now be equivalent to $123,825 – and possibly enough for a home deposit depending where you buy.

So if you’re in the fortunate position to have a spare $10,000 in 2019, where should you invest?

This annual Money magazine cover story is a question that always challenges even the most experienced financial professionals and once again we’ve approached eight experts to give their views.

From investing in exchange traded funds to paying down credit card and other personal debt; from contributing extra to superannuation to having a property buying agent help find you that perfect home, there are many ways to approach this perennial question.

Esta historia es de la edición August 2019 de Money Magazine Australia.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición August 2019 de Money Magazine Australia.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE MONEY MAGAZINE AUSTRALIAVer todo
An outrageous, beautiful monopoly
Money Magazine Australia

An outrageous, beautiful monopoly

Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.

time-read
4 minutos  |
July 2024
Drop the anchor to judge value
Money Magazine Australia

Drop the anchor to judge value

Buying and selling decisions should be based on where a stock price is going, not where it has been.

time-read
3 minutos  |
July 2024
Powering the AI boom
Money Magazine Australia

Powering the AI boom

Beyond the software and chipmakers, where will the energy come from?

time-read
3 minutos  |
July 2024
Get into life
Money Magazine Australia

Get into life

Tucked inside super are products that can protect you from life's inevitable uncertainties.

time-read
5 minutos  |
July 2024
Paths to home ownership
Money Magazine Australia

Paths to home ownership

Taking the road less travelled can sometimes deliver unexpected benefits.

time-read
5 minutos  |
July 2024
Sold! Quick ways to add value
Money Magazine Australia

Sold! Quick ways to add value

Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.

time-read
5 minutos  |
July 2024
Money lessons the kids need to know
Money Magazine Australia

Money lessons the kids need to know

Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.

time-read
4 minutos  |
July 2024
Property-investing rules: are they likely to change?
Money Magazine Australia

Property-investing rules: are they likely to change?

The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.

time-read
3 minutos  |
July 2024
What's love got to do with it?
Money Magazine Australia

What's love got to do with it?

A rollercoaster of emotions could be driving poor crypto behaviour.

time-read
3 minutos  |
July 2024
Are we ready to be cash-free?
Money Magazine Australia

Are we ready to be cash-free?

Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.

time-read
2 minutos  |
July 2024