Where Should I Stick My Hard-Earned Dough? Best Aussie Investment Options
Cut through the noise and discover where to invest money in Australia. From paying down debt to index ETFs and crypto, here is where your cash works hardest.
Got some spare cash sitting around and wondering where to invest money in Australia? You are in the right place.
If you're looking at how to invest money in Australia, it's easy to get overwhelmed by complex financial jargon. That's why I've put together this quick cheat-sheet for investing for beginners in Australia, comparing some of the best investment options Australia has to offer, ordered by their expected returns.
Remember, higher potential returns always come with a higher risk of crying yourself to sleep. Make sure to consider low-cost options like the best index funds in Australia to do the heavy lifting for your wealth portfolio.
| Investment Type | Expected Return |
|---|---|
| Paying off credit card debt | -15.0% - 0% |
| Installing solar panels on your house | 5.0% - 15.0% |
| Real estate investment property | 5.0% - 15.0% |
| Electric vehicle | 2% - 3% |
| Collecting wine | -20% - 20% |
| Cryptocurrencies | 100% - 100,000% |
| Individual stocks | -100% - 10,000% |
| Index ETFs | 7.0% - 10.0% |
| Savings account | 0.1% - 4.8% |
| Bonds | 2.5% - 6.0% |
| Money market account | 0.10% - 0.50% |
| Current account | 0.01% - 0.10% |
Before you run off and stick all your hard-earned dough into JPEG files or vintage Shiraz, take a moment to look at your overall financial plan. Start by nuking high-interest debt, lock in guaranteed wins (like lowering your power bills), and then let low-fee index trackers compound your wealth over the long haul.
