How do you invest your money?

I have always shied away from the stock market. Remembering the crashes over the years. Many seniors lost thousands of dollars just as they were about to retire.
Today I invested a 6 figure amount into a term deposit at 4.25% for 5 months.

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whowasthatmaskedman · 70-79, M

Smart move in the current climate.. Its not about a massive return right now.. Its about preserving what you have.. Just remember that if you are planning to retire, your Superannuation returns are tax free when you withdraw, unlike the term deposit, where your interest is income..😷

Gusman · 61-69, M

@whowasthatmaskedman I have retired early.
The term deposit reaches full term in November so will be included in the 25/26 tax year.

whowasthatmaskedman · 70-79, M

@Gusman Congratulations on your retirement. That changes everything. There will be no Centrelink age pension involvement until you reach 67 But I susggest you give the rules a once over now to take the best advantage when the time comes..😷