Hello..just a little hypothetical situation i've been wondering about.
If someone gave you $100 000 and said you could do whatever you like with it, but you had to return the $100 000 to them in 2 years time, what would you do with it?
How would you utilise the money? How would you maximise returns from it?
thanks in advance
If I had to give it back I would probably just invest it in something 'safe' like a bank account or term deposit or something, then once the money was given back I'd have the interest that was earned to spend, without having to 'find' the money to give back.
mmmmm 2 years isnt very long inwhich to invest and see much of a return, you need 7-10 years for that. sooooooo pop it in a term deposit and get the interest, though you'll have to declare the income i think, which may mean a lose of some centrelink benefits. but it would look nice in your normal bank account
Bookmarks