Originally Posted by Deancm_MKII

The casino (apparently) offers good returns too.

Originally Posted by Wol

What's the value of gold in Australian dollars now compared with say ten years ago? Taking account of inflation? Including insurance and or security costs? (No interest.)

Originally Posted by Deancm_MKII

Gold should not be measured against dollars, it needs to be measured against another asset class. For example, the same amount of gold would buy a barrel of oil today as it would 50 years ago.



Nothing is without cost or risk.

Originally Posted by Wol

Disingenuous - gold is being spruiked as a hedge against inflation, which is arguable.

Originally Posted by Deancm_MKII

The only people that make money out of super are the fund managers. Super is one of the biggest ponzi schemes around and on top of that, your money is tied up for x amount of years.

People in the last few years have lost hundreds of thousands in their super.

Originally Posted by EvannTel

Sweeping generalisation without substance I'm afraid.
Self managed funds can be ok and depending on your portfolio split some have done fine. If you were poorly advised and didn't do your own research, then you invested unwisely. This has nothing to do with super, you could make that mistake in any investment i.e. putting all your egg sin one basket.
The tie in is a drawback but with OP aged 47 a strategy of a 13 year investment is not unreasonable for a robust return.

Originally Posted by Margaret3

Having sensibly , but very regrettably came to the realisation we will never buy property for probably the rest of our lives (getting a bit too late for us to take on a mortgage). I was wondering what to do about our teeny weeny deposit we have saved, I know absolutley below zero about finance and investing, but was wondering if we should look into investing a little bit of it somewhere.

I know there is a few peeps out there who have knowledge in this area and would be grateful if you could point me in some sort of direction.

Thanks very much, as i have said apologies for the question, coz when people start talking money on here it usually makes my blood boil

Originally Posted by Margaret3

Having sensibly , but very regrettably came to the realisation we will never buy property for probably the rest of our lives (getting a bit too late for us to take on a mortgage). I was wondering what to do about our teeny weeny deposit we have saved, I know absolutley below zero about finance and investing, but was wondering if we should look into investing a little bit of it somewhere.

I know there is a few peeps out there who have knowledge in this area and would be grateful if you could point me in some sort of direction.

Thanks very much, as i have said apologies for the question, coz when people start talking money on here it usually makes my blood boil

Originally Posted by rajj

Not a good idea to take financial advice from a site like this Margaret.
Other advice yes, but financial, nooooooooooo.

Originally Posted by Pollyana

If you read the thread she does say she intends to speak to a financial advisor, the thread is just to get some ideas.

Originally Posted by Margaret3

I have sent all my money to renth and badgeisback, who say they will invest it wisely 4 me

Originally Posted by Bix

Good idea Mags.
I wonder if we should all do that?