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Leucocholic
As you have mentioned shares, I will put my 2c in. I run and invest my own SMSF and have a Graduate Diploma in Applied Finance and Investment and am a CPA accountant.
What is your time frame for this exercise? What are your other assets? What are your other debts? What is your income like? What is your actual GOAL for this investment? Are you saving toward a home deposit? Are you just looking to have some fun with the investment?
Without some of these answers people are just chucking you ideas.
As an Investment, over the longer term, shares is the best investment class. However you must apply that concept - LONG TERM.
Over the longer term and as long as you are diversified sufficiently, shares are very LOW risk. If you plan on holding shares longer than a minimum of 2-3 years your risk of loss is very low.
As a couple have suggested ETF's or LIC's are a simple, very low fee, exchange traded method to invest smaller sums of money to achieve some measure of diversification.
What is your time frame for this exercise? What are your other assets? What are your other debts? What is your income like? What is your actual GOAL for this investment? Are you saving toward a home deposit? Are you just looking to have some fun with the investment?
Without some of these answers people are just chucking you ideas.
As an Investment, over the longer term, shares is the best investment class. However you must apply that concept - LONG TERM.
Over the longer term and as long as you are diversified sufficiently, shares are very LOW risk. If you plan on holding shares longer than a minimum of 2-3 years your risk of loss is very low.
As a couple have suggested ETF's or LIC's are a simple, very low fee, exchange traded method to invest smaller sums of money to achieve some measure of diversification.