How To Invest $10,000 – Forbes Advisor Australia
To illustrate investing fundamentals, here are three common options for investing $10K:
1. Add it to your superannuation
Superannuation is an effective long-term wealth accumulation strategy. With an industry super fund, your contributions are invested on your behalf by a professional fund manager based on the preferences you’ve selected. For example, a typical ‘balanced’ portfolio managed by a super fund might include a mix of shares, property, fixed interest and cash.
“It’s a disciplined approach that can provide a significant income during retirement, along with substantial tax benefits both now and in the future,” according to Burchgart.
“However, it’s crucial to remember that access to these funds is…
