Where I'd invest $5000: Justine Davies
This month we ask Justine Davies from Canstar where she would invest $5000.
First up, this is not advice but simply my opinion for my personal situation.
Having covered that, any spare $5000 that I had would be salary sacrificed into my super fund.
At the moment my super contributions are being directed into Australian shares to take advantage of current market volatility.
For Australian share investment, I particularly like exchange traded funds as I can easily diversify any amount of money and, at the moment, I'm keen on the iShares S&P/ASX 200 ETF offered by BlackRock.
The fees and performance pass muster, and the product is designed to reflect the performance of the largest 200 companies in the domestic market.
- iShares S&P/ASX 200 ETF
- ASX code: IOZ
- Management costs: 0.15%pa
- Three-year return: 8.71%pa
- Commencement: December 2010