ASSOCIATE GLOBAL PARTNERS LIMITED
By: Paul Rickard
Source: Switzer Daily
With big bank term deposit rates down to a paltry 0.40%, self-funded retirees are increasingly turning to riskier investment options to generate income. Others are drawing down on their capital, but this is not a strategy that can be employed indefinitely. And with the Reserve Bank maintaining that the cash rate is not going up until 2024 at the earliest, there is little relief in sight.
In this article, Paul Rickard highlights some investment options that can generate a 5% income return. They are not riskless, because any investment promising a return over the "government-guaranteed" rate of a term deposit involves risk. Further, the higher the promised return, usually the higher the risk.
To read the full article, click here.
DISCLAIMER: Past performance is not a predictor of future returns. This update has been prepared for information purposes only. Any figures provided in this document are unaudited and approximate. This post does not contain investment recommendations nor provide investment advice.
You are strongly encouraged to obtain detailed professional advice and to read any relevant offer document in full before making any investment decision. This is not an offer to invest in any security or financial product.
© 2021 Contango Asset Management Limited.
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Contango Asset Management Limited published this content on 30 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 December 2021 01:56:08 UTC.
