Awwwright.
SIS. I clicked your link in your signature. You need to get 15%+ on your “sensible” investment to achieve $1MM in 30 years.
So, how do you do it? 15% p.a. year on year is a bloody good result in my book. Where can you get that kind of results from a “sensible” investment.
I reckon you’ve gotta be putting in $20 a day, not $3 to get your million over 30 years.
So, SIS, where do you suggest I look for sensible investments returning 15% every year for the next 30 years?
Hi Rubbachook
You could try talking to a property investor or wrapper, I know I regularly pay investors 15% on their funds so that I don’t have to find my own deposits.Keep smiling
Felicity
Hi Rubbachook,
there are a few manage funds out there, that are doing high returns, one that is approved both by the ACCC and ASIC is returning 20%, but is unsecured… problem is they are much more risker, at that high of a return, but also, you need to have a large deposit… (im not sure of the fund name, but it is pushed and endorsed by a company called “National Asset Corporation”
Still there are some nice MGMT and ADF funds out there with returns just over 10%, but do remember you do have to pay tax on the interest earned, one option available is to purchase these types of funds through a unit trust were the tax is no more than 15%, another option that is available is a margin lend, but it will depend again, on how you invest it and reinvest your profits…
Sorry for not much help, but honestly, any funds program offering over 10%, you are being exposed to some form of risk…
Cheers,
sisThanks, SIS.
So, prolly “sensible” should be something like “astute” in your signature!
I know someone getting 25% in a “capital guaranteed” fund atm.
Not too sure of the details but it is the sort of thing that isn’t publicly available.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Right now I’m doing a RE deal that is returning my investors 40%, secured by a 2nd Mortgage (bank has 1st Mgt @ 42% of Value, Investors have 58% of value).
There is some downside though – minimum investment is in $50K to $100K lots and a holding period of 12mths minimum (stretching further to 6 months if we are having difficulties (though with 9% paid per mth.)). Also we are quite particular about our investors.
Yes there is a risk that the market could come crashing down, but my investors know that I have done my best to protect their interest, and so they should get their money back if the deal goes horribly wrong (though it is not capital guaranteed).
A lot of other deals are mezzanine finance, which offer high returns but usually have little or no security. For that it’s best to get a long-term history of the principals involved.
Rgds.
Lucifer_au
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