Business
Why I would invest $50,000 into these excellent ASX shares – Motley Fool Australia
Here’s why I would sooner invest $50,000 into a2 Milk Company Ltd (ASX:A2M) and these ASX shares instead of leaving it in a savings account…
Have you looked at the interest rates you’re receiving on your savings accounts right now?
The majority of savings accounts offered by Australia and New Zealand Banking GrpLtd (ASX: ANZ) and the rest of the big banks are offering base rates of just 0.05% per annum.
This means that if you are lucky enough to have $50,000 sitting in a savings account, it would yield just $250 in interest per year.
As a comparison, over the last 30 years the Australian share market has generated an average annua…
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