investment platform - Moneysmart.gov.au (2024)

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ASIC's role in consumer education

Moneysmart is a Federal Government website, brought to you by the Australian Securities and Investments Commission (ASIC), the corporate, markets, financial services and consumer credit regulator in Australia.

If the average dividend yield of your portfolio is 4%, you'd need a substantial investment to generate $3,000 per month. To be precise, you'd need an investment of $900,000. This is calculated as follows: $3,000 X 12 months = $36,000 per year.

Investors seeking maximum returns in Australia should consider investing in Australian shares for long-term gains, as they offer high potential returns. Government and corporate bonds also present a safe option for low-risk, fixed-rate returns.

The Moneysmart website is run by the Australian Securities and Investments Commission (ASIC). Please refer to ASIC's privacy policy for information about: how ASIC handles personal information. your rights to seek access to and correct personal information.

FDIC Money Smart for Young People features four free age-appropriate curricula that promote financial understanding and are specifically designed for pre-kindergarten through 12th grade educators. Each curriculum includes: An educator guide, student handouts, and powerpoint slides.

Saving $13,000 would leave you with $3,000 a month to meet all your expenses—a perfectly reasonable number for many singles, and even some couples. Saving and investing $13,000 a month with a 10% annual return would allow you to become a millionaire in just over five years.

A stock portfolio focused on dividends can generate $1,000 per month or more in perpetual passive income, Mircea Iosif wrote on Medium. “For example, at a 4% dividend yield, you would need a portfolio worth $300,000.

Investing as little as $200 a month can, if you do it consistently and invest wisely, turn into more than $150,000 in as soon as 20 years. If you keep contributing the same amount for another 20 years while generating the same average annual return on your investments, you could have more than $1.2 million.

You should stash your emergency fund in a high interest rate account. With interest rates rising, savings accounts are again starting to deliver reasonable returns. But remember, these savings are for emergency use, not sexy returns. So stick it in the bank account that will deliver the highest interest.

What is the best investment for a 65 year old? ›

The U.S. stock market is considered to offer the highest investment returns over time. Higher returns, however, come with higher risk. Stock prices typically are more volatile than bond prices. Stock prices over shorter time periods are more volatile than stock prices over longer time periods.

For instance, to double your money in 10 years, the compound rate of return would have to be 7.2%.

MoneySmart is a website run by the Australian Securities and Investment Commission to assist people in making smart choices about their finances. It provides tips and tools across a range of financial areas to help consumers make the most of their money.

Use www.BrokerCheck.finra.org to check if a broker is a licensed or if someone has complained about them. Read about and understand any investment before you give someone your money. Ask for information in writing.

Term deposits let you invest for a set amount of time and get a fixed interest rate. They can be useful when saving for bigger items like a car or investing when you want to be certain about the interest you'll earn.

Easy Money Loan is not a trusted broker because it is not regulated by a financial authority with strict standards. We would not open an account for ourselves with them. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator.