Making Smart Investments with Your Money

How To Make Your Dollar Go Further

On account of the fact that the Australian dollar has a massive impact on how much the country pays for fuel, imported products, and overseas holidays, it is little wonder why stories about the local currency dominate news headlines. But over the past four years Australia’s economic condition, as well as the dollar, has declined with “little if any upside potential” for the foreseeable future according to ABC journalist David Taylor

For this reason, several Australians are looking at ways to make their money go further. Even if you can only invest as little as $1000, you’d be surprised at the returns on offer in today’s uncertain and underperforming market.

CFD trading

Seeing as two of Australia’s key exports are iron ore and coal, it makes sense to invest in commodities through CFD trading (what is CFD explained). This leveraged product means you only have to put down a small deposit for a much larger market exposure.

Although your investment capital can go further, there is a potential of losing more than your initial deposit. Therefore, CFD trading requires a high level of risk management. Also bear in mind that you don’t actually own any assets, as you are not physically trading in the underlying market.

Commercial property

As opposed to the residential market, investing in commercial property through managed funds can give you access to high returns for a small price. Over the past year or so the sector has performed admirably, with the total return of the S&P/ASX 200 A-REIT (Australian Real Estate Investment Trusts) Accumulation Index sitting at 20.3 per cent for the 12 months to June 2015.

One of the best options for securities in 2016 is the APN A-REIT, which has an average thee-year yield of 16.05 per cent.

Mortgage contributions

If you invest any spare capital in your mortgage, you will save thousands of dollars in interest and be able to pay it off sooner as well. For instance, estimates from suggest an extra repayment of $1000 in your fifth year of a $350,000 mortgage over 25 years with an interest rate of 5 per cent per annum will save you over $2000.

However, you will need to make sure that your policy enables you to make extra payments and there are no strings attached with investing in your mortgage.

Super contributions

In order to cut tax contributions and boost any retirement savings, consider investing a lump sum of money into your super fund. The benefit of this is that any amount you add or take from your pre-tax salary is taxed at the low rate of 15 per cent.

It doesn’t matter how old you are either, as an extra contribution of $1,000 a year to your super will be hugely advantageous. To give an example, if you’re 45 and earn $80,000 a year you can boost your balance by a whopping $23,000 in 20 years. Even though you may have to sacrifice some immediate funds, your long-term savings will make it worthwhile. 





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