G'day everyone.

l am just wondering, l am looking at investing some money. It is only going to be about $5000.

Just wondering if anyone has any tips or anything on how to invest money correctly?

l heard many banks have a specific bank type which is like a High Interest Account. What are they exactly and how do they work?

Just to let everyone know l am living in Australia. So l am looking for some Australians to reply but if you are from another country l am still willing to read what you think.

This is very much appreciated.
Take care and enjoy,
Brandon

l do not know much about Australians markets, but the concepts should be in theory cross applicable.

Diversify..period

In our financial modeling classes the professor always drove home this point. Before u find out anything find out the person is sigma, which is basically how much risk u want to take on.

Diversifying if ur a fund manager versus just an individual investor can take on different meanings. As an individual investor, l would read the prospectus of different mutual funds & find out the 5yr, 10yr returns. They will tell u a lot about how much risk u r taking on too.

Also consider how long u r going to be in the market. If u r young & ur in for the long haul, I'd put it in some fairly more risk assets then If l were older.

Vanguard is a low cost mutual fund provider. l would recommend checking them out

Diversify your investment.

(A proverb says, '' Do not lay all eggs in a single basket''.)

Buy some gold.

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