How I’d Invest $10,000 in Australia (video)

April 14, 2020

Owen Raszkiewicz

Owen is the Chief Investment Officer of Rask Invest and Founder of Rask. Since founding The Rask Group in 2017 in the hillside suburb of Upwey, Victoria, Owen has overseen the growth of the Rask platform to over 200,000 investor followers. Today, Owen oversees the Rask Analyst team, which helps more than 4,000 Aussies build core portfolios from ETFs and shares, he hosts Australia's biggest investing podcast, The Australian Investors Podcast, appears on Rask's other channels, covering Property, Business and Finance; and leads Rask Education - our education platform which has enrolled over 25,000 Australians into free finance courses. Prior to founding Rask, Owen was an investment analyst at the highly regarded managed funds research business and a writer/analyst for one of the most well-known share market publications. Owen’s formal qualifications include a Master of Applied Finance and Master of Financial Planning from Kaplan Professional, Bachelor of Technology (Information Systems) from Swinburne University of Technology, Advanced Diploma of Financial Services (Financial Planning) and Diploma of Mortgage Broking Management. He's also completed level 1 of the Chartered Financial Analyst (CFA) program.

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How should I invest $10,000 in Australia?

That’s a question many Aussies may be asking themselves right about now, with over 600,000 people having applied to access $10,000 of their Super as part of the COVID-19 early release program.

We’ve discussed this topic at length here on Rask Media, on The Australian Finance Podcast, and elsewhere.

For example, we think it’s a shame the Government chose to allow people to take money from their Super — a move which will cost some Australian households hundreds of thousands of dollars over their lifetime — rather than borrow from the Government budget — which costs just 0.25% per year!

If you need to take money from Super, please exhaust your other options first.

And, of course, the usual rules apply: speak to a financial adviser and accountant before you act, make sure your insurance inside Super isn’t affected and always read the important legal documents like the Super fund’s PDS.

That said, if you are like the tens of thousands of Australians who follow our Finance Podcast series, you’re probably thinking, ‘if I do take money out of my Super, couldn’t I just invest it myself?’

For example, let’s say you:

Are responsible with money (i.e. you have a track record of saving)
You want to invest, and
You’re eligible to get $10,000 from Super

You could, as an example, chose to invest in the same things as your Super fund. If you’re in an ‘indexed strategy’, you should know there are ETFs that also use index strategies.

Earlier today I jumped into my home office to film the following video which explains the basics of where to invest. If you’re looking for more concrete ideas, please keep reading below to fund the links and resources.

Remember, if you do take money from Super you should increase your regular contributions back into Super once things return to normal. Speak to your accountant, you might also be eligible for a tax deduction when you contribute to Super.

Here are some of the video resources:

This website & contents contain general financial advice/information only. It is NOT financial advice of any kind. That means the information does not take into account your objectives, financial situation or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser or financial adviser.

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