Where to park money in second half 2020?

[qldfrog]

I am expecting a substancial amount of money to arrive then need to reinject (sale of PPOR then purchase of a new one)
I do not have a known calendar : between a few weeks to a few months at most:
what are the options to park the money, safety being first priority, far more than returns for a 2 months or so period
Pre GFC, an online saving, a talk to your banker or short term TD would have done the deal, what would you suggest in august / september 2020
Looking for inputs here
It is funnily similar to https://www.aussiestockforums.com/threads/where-to-park-funds-during-the-financial-turmoil.12609/ during the GFC
or even Where are you parking your cash? by @Moving Average earlier this year.
Once again it is not a park and wait to reinvest after a down: puut aside for a few weeks before using

 

[wayneL]

Not fiat

 

[satanoperca]

Horses, at least they have a purpose.

 

[Garpal Gumnut]

I am expecting a substancial amount of money to arrive then need to reinject (sale of PPOR then purchase of a new one)
I do not have a known calendar : between a few weeks to a few months at most:
what are the options to park the money, safety being first priority, far more than returns for a 2 months or so period
Pre GFC, an online saving, a talk to your banker or short term TD would have done the deal, what would you suggest in august / september 2020
Looking for inputs here
It is funnily similar to https://www.aussiestockforums.com/threads/where-to-park-funds-during-the-financial-turmoil.12609/ during the GFC
or even Where are you parking your cash? by @Moving Average earlier this year.
Once again it is not a park and wait to reinvest after a down: puut aside for a few weeks before using

Oil futures.

gg

 

[macca]

Just the usual places, banks, building societies, credit unions.............

I would split it up so that each place was $250k so that I had the government deposit guarantee

 

[qldfrog]

Oil futures.

gg

OOO
If i was a gambler: my whole life saving double or quit
Probably better odds than casino indeed
Thanks GG..i pass

 

[Garpal Gumnut]

OOO
If i was a gambler: my whole life saving double or quit
Probably better odds than casino indeed
Thanks GG..i pass

Sorry mate, I could not resist.

A thought occurred to me when I was posting.

A good way to stimulate the economy next year would be to devalue the AUD. !!!

I remember devaluation of currencies, it played havoc with assets.

gg

 

[Warr87]

peer-to-peer lending? wont be much on a short timeframe but its something

 

[qldfrog]

peer-to-peer lending? wont be much on a short timeframe but its something

We are talking big money..no peer to peer lending for me

 

[Iggy_Pop]

Discuss with your bank, for large sums sometimes you can get a reasonable rate with minimum risk

 

[Value Collector]

Plenti (the new name for rate setter)
put some in the 1 month lending market, rest in the 5 year market, you will earn about 6.5% in the 5 year market at the moment, and can redraw it whenever you want, and only pay a 2 % penalty, so as long as you leave it there more than 3 months you will be in the green.

 

[tinhat]

Koala habitat in NSW. People in NSW put their own financial wellbeing before Koala habitat because the government says it is OK. Dick-wang Rob Stokes is the patsy, there is always a Doctors' wive's north shore patsy.

 

[qldfrog]

Plenti (the new name for rate setter)
put some in the 1 month lending market, rest in the 5 year market, you will earn about 6.5% in the 5 year market at the moment, and can redraw it whenever you want, and only pay a 2 % penalty, so as long as you leave it there more than 3 months you will be in the green.

I am using but actually trying to get out.
As you know,riles have changed lately and there is no way i would bet literally my house on this company
But thanks for the suggestion and i also hope for a shorter time frame

 

[tinhat]

I didn't know Sycophants were nocturnal. It''s rather obvious when you think of it.

 

[Value Collector]

I am using but actually trying to get out.
As you know,riles have changed lately and there is no way i would bet literally my house on this company
But thanks for the suggestion and i also hope for a shorter time frame

which rule changes are making you leave?

 

[frugal.rock]

https://www.canstar.com.au/compare/savings-accounts/?profile=Online+Saver&amount=500000&state=QLD
1.4% up to 1.9% available.
Some 4 month maximum bonus interest promo deals.
The better ones I saw were HSBC, BOQ and Australian Unity.
Have a good look around Canstar.
As safe as Banks.
(There was a nabtrade circa 1.25% offer if you want to trade in some funds)
Best of luck, Mr Frog.

 

[qldfrog]

https://www.canstar.com.au/compare/savings-accounts/?profile=Online+Saver&amount=500000&state=QLD
1.4% up to 1.9% available.
Some 4 month maximum bonus interest promo deals.
The better ones I saw were HSBC, BOQ and Australian Unity.
Have a good look around Canstar.
As safe as Banks.
(There was a nabtrade circa 1.25% offer if you want to trade in some funds)
Best of luck, Mr Frog.

Indeed canstar, should have thought about it.much thanks

 

[Linus van Pelt]

Is it just me or was the signal-to-noise ratio low on this thread? There's 10 minutes I'll never get back

(Hmmm, count this post as adding to the noise, I guess!)

 

[qldfrog]

which rule changes are making you leave?

Contractual limit on your rate request as an investor the first obvious one, with max now all below what i asked and got in the past.. talking months, not years

 

[tech/a]

Personally I’m carrying on as before but adapting to current situations.

There are opportunities everywhere.

Rentals still in demand
Opportunities in shares.Both long ( Think Tesla, Gold, Indexes) and short term
( Small caps ,Indexes.Short term trades.)
Business we are an essential business and the long term view of specialising in
One area of civil has and is keeping us in constant demand. Constantly up grading and commissioning more specialist plant.

I find most opportunities are around when everyone is too afraid to consider them.