Money magazine Comments - Ask Paul: We have $300k in the bank and don't know what to do with it

Comment by Alexandra Lambrianou ()

Alexandra Lambrianou () — Thu, 03 Jun 2021 12:54:43 +1000

Hi,

I would leave most of it in the bank, maybe donate some to charity and buy some shares with some of it.

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Comment by Timothy Such ()

Timothy Such () — Thu, 03 Jun 2021 17:34:45 +1000

Did you not read the article properly?

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Comment by Samuel P ()

Samuel P () — Fri, 04 Jun 2021 21:50:01 +1000

Why should he donate some to charity?

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Comment by Alexandra L. ()

Alexandra L. () — Sat, 05 Jun 2021 13:17:07 +1000

Why not?.... You can claim it on tax and it makes you feel good, and that's probably something that the Barefoot Investor would say....... haha......

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Comment by Lincoln Lancaster ()

Lincoln Lancaster () — Sat, 05 Jun 2021 13:21:44 +1000

At the moment the share and property markets are at an all time high. I am in cash under the government guarantee across a number of institutions and happy to take the inflation hit as I feel the capital hit will be far worse when it finally arrives. I like everyone else have no idea what will happen, so its just a case of wait and see.

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Comment by Ian Labge ()

Ian Labge () — Sun, 06 Jun 2021 17:26:10 +1000

Trying to time the market as you are is not a good idea. Better idea is work out what allocations/ percentages of the pot of money should be invested in what asset classes and go ahead and execute the plan. The OP is still relatively young and has time to ride the next few market cycles, if they involve downturns.

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Comment by C C ()

C C () — Wed, 09 Jun 2021 14:51:14 +1000

Because it's an awesome privilege to be in a position to do so. It's a nice thing to do, even modestly. And those who do so tend to discover that the unseen nature of this world treats you very favorably when you do. Try it, you'll love it, if you aren't doing so already.

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