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Australian Finance Podcast
Q&A: picking a broker, cash ETFs vs term deposits and getting out of the rental market [BONUS]
Feb 6, 2024
Financial adviser Alex Luck answers listener questions about property and bank accounts offsets, strategies to reduce taxable income and pay fair share of taxes, timing and borrowing capacity when using super saver scheme, factors to consider when choosing a brokerage and custodial agreements, usability of different brokerage accounts and benefits of long-term focused platforms, choosing a broker and investing in cash ETFs over term deposits, and reflection and strategic planning for investing during the holiday season.
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Quick takeaways
- Cash ETFs provide liquidity and flexibility, while term deposits offer higher returns and security.
- Using a mortgage offset as an emergency fund can reduce interest on the mortgage and provide easy access to funds in case of emergencies.
Deep dives
Using a Cash ETF vs Term Deposit for Investing
When deciding between using a cash ETF or a term deposit for investing, there are a few factors to consider. While term deposits can offer higher returns and security, cash ETFs provide more liquidity and flexibility. Cash ETFs can be bought and sold quickly, while term deposits have a set maturity period. Additionally, cash ETFs do not require setting up a separate account with a bank and can be purchased through a brokerage account. It's important to consider the specific needs and goals of an individual before making a decision.
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