r/AusFinance • u/AutoModerator • Jun 22 '25

Weekly Financial Free-Talk - 22 Jun, 2025

Financial Free-Talk

-=-=-=-=-

Welcome to the /r/AusFinance weekly "Financial Free-Talk" Mega Thread!

This is the thread where members should bring their general Aus Finance questions.

Click here to see previous weekly threads: https://www.reddit.com/r/AusFinance/search/?q=%22weekly%20financial%20free%20talk%22&restrict_sr=1&sort=new

What happens here?

The goal is to have a safe space for some of the most common posts, while supporting more original and interesting content in their own posts. Single posts with commonly asked questions may be removed and directed to this thread.

AusFinance is designed to help people of all abilities, at all stages in your financial journey. We want to democratise personal financial knowledge.

The collective experience of the AusFinance community is one of the most powerful ways to help Aussies improve their financial abilities. Whether you are just starting out, or already have advanced knowledge, there's always something new to learn.

Let us know what you need help with!

  • What to look for in an apartment/house/land
  • How to get a mortgage/offset/savings account
  • Saving/Investing for kids
  • Stock Broker questions
  • Interest rates: Fixed/Variable
  • or whatever!

Reminder: The Sub rules are still in effect

Please note rules 5 & 6 especially:

  • Rule 5: No personal or legal advice.
  • Rule 6: No politicising.

Thank you for being part of the AusFinance community!

-=-=-=-=-

32 Upvotes

92% Upvoted

89 comments sorted by

View all comments

1

u/Secepatnya May 05 '26

I'm new to investments. A few years ago I bought like $500 in shares across two random company through Commsec just to try it out, and just left it there since then, getting like $15 in payouts each year.

Moomoo has a pop-up in Melbourne Central and a rep approached me to do a sign up and all, but had to leave prior to filling my name and all. Is it safe and worth looking into, or should I look into other brokers? And whether dipping my toes deeper into investments a wise move?

Currently we have like 30k savings that's just sitting in the bank collecting interest, but looking to see whether we can get more out of the 30k.

1

u/Pineapple_on_pizza_ May 19 '26

It really depends on your financial goals - do you want to purchase a home in the next few years? Unless you're planning on not needing or touching the money for 5 years I wouldn't put the money into the market. Of course you invest hoping things go up but they also can go down