thebusinessman
29-06-2007, 07:27 AM
Hi all,
Having recently sold a business, and already owning a property (rental) which was purchased before the boom, I have found myself in a situation where I have just over 200k which I have sort of earmarked for another property in the future - but in the meantime I am not happy with standard high interest accounts (although they are nice at the moment!)
What steps or advice would you give an alternative investment beginner? Obviously like all kiwis I followed the 'buy a property' mantra - and glad I did - but my rental covers the mortgage and I'm getting itchy feet over the cash I now have from the business sale. In a couple of years I am likely to purchase a property for myself with this money (plus mortgage) but for now don't mind having a play around.
Suggestions? Let's say I am comfortable leaving half at least in the bank, and am looking to build a nice diversified portfolio with the other half.
Start from the basics too, I'd like to direct trade without a broker if I can (online) but would like recommendations on the whole process.
Thanks!!
Having recently sold a business, and already owning a property (rental) which was purchased before the boom, I have found myself in a situation where I have just over 200k which I have sort of earmarked for another property in the future - but in the meantime I am not happy with standard high interest accounts (although they are nice at the moment!)
What steps or advice would you give an alternative investment beginner? Obviously like all kiwis I followed the 'buy a property' mantra - and glad I did - but my rental covers the mortgage and I'm getting itchy feet over the cash I now have from the business sale. In a couple of years I am likely to purchase a property for myself with this money (plus mortgage) but for now don't mind having a play around.
Suggestions? Let's say I am comfortable leaving half at least in the bank, and am looking to build a nice diversified portfolio with the other half.
Start from the basics too, I'd like to direct trade without a broker if I can (online) but would like recommendations on the whole process.
Thanks!!