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  Reply # 187466 5-Jan-2009 11:25
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Personally, as you need to be sure you have that 100k to give back to your Uncle in 5 years I wouldn't be looking at anything with any degree of risk, 5 years is not a long time.  I'd go with term deposits over call accounts, call account interest rates are taking a hit at the moment, so as you don't need the cash immediately, just split it into several term deposits with staggered maturities.




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James Sleeman
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  Reply # 187505 5-Jan-2009 13:41
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Thanx James.

My main concern has been making sure I have 100K to return back to him.
I have met up  with a Investment advisor from one of our big Ozzie bank's here in NZ, and he believes the Australian share market is oversold and it is a right time to start investing in the big 10....as he calls them...
but he has warned me not to invest directly, rather through a managed fund, to avoid too much risk...

he has also suggested investing in the Call accounts in the long terms and looking at something called a cash pie!



Cheers
Sam


 
 
 
 


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Reply # 187513 5-Jan-2009 14:11
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Hi Sam,

I would agree with all the comments here about just putting the money in the bank, if you are having to ask complete strangers for advice on your money then I would suggest that is the best place for your money!!!

I am a ASB customer and would suggest you stay well away from them.-  Kiwibank might be a a good choice. But not ASB.

All the best.




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  Reply # 187517 5-Jan-2009 14:18
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thanx datacraft....

I believe ASB is one among the good bank's...
In fact I am in the process of depositing the 100K with them...

unfortunately my experiences with kiwibank has been rather poor..extremely poor customer service...

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  Reply # 187522 5-Jan-2009 14:29
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Samn0001: thanx datacraft....

I believe ASB is one among the good bank's...
In fact I am in the process of depositing the 100K with them...

unfortunately my experiences with kiwibank has been rather poor..extremely poor customer service...

Kiwibank are fantastic. Have been a customer for a long time now.

Wouldn't touch ASB with an international standard length barge pole (10ft these days?), not even for a years supply of bagels.







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Reply # 187526 5-Jan-2009 14:35
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Ditto - Kiwibank all the way for me too. Personal and Business accounts.




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  Reply # 187528 5-Jan-2009 14:39
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Don't keep us in suspense freitasm, what triggered the locking, and rapid unlocking?  I didn't see any naughty shenannigans going on.




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James Sleeman
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Reply # 187529 5-Jan-2009 14:41
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  Reply # 187565 5-Jan-2009 16:10
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as has been said, put it in the bank.  Rabobank usually offer good rates, and have a good credit rating.

Or as has been said, if you're prepared to take a slight risk, bank most of it, and play with a bit of it to try and get more gain.

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  Reply # 187796 6-Jan-2009 15:00
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About the Cash PIE thing, these are good only if your regular income puts you in the 33% or 39% tax bracket.  This is because the interest from a Cash PIE is taxed at 30% instead of the 33%/39% that you will pay on interest earned from an on-call account/term deposit.

If you want a left-field idea for making some quick cash, do a bit of research on online casino bonus hunting ;)

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