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What would you invest $20000 on?
If you're in Australia and you have to to invest $20000 on 2 of the following options
1. Financial intermediaries such as banks, credit unions, building societies and finance companies
2. government or semi-government bonds
3. the australian stock exchange
you can only make one choice from each group
please provide a at least brief reason for your answer if you can
2 Answers
- 1 decade agoFavorite Answer
Invest in the stock exchange but on gold mining companies.The price of gold is rising and there is no stoping the yellow metal.Australia is where you can find gold in abundance.You can make a killing in the stockmarket if you can pick the right gold mine.
You could also invest in goverment bonds.This is because the interest rate in Australia is higer than the interest rates in other developed countries.Therefore there will be alot of foreign demand for Australian bonds and that should be enough to raise the value of Australian bonds.
