Which investment options would suit my goals?
Q.
I?m 23 years of age, just finished university and am now working
full-time earning $50k. I'm looking to buy a house in a year and a
half. Since beginning work this year, I have saved $10,000 and my
family have given me $50,000 to invest. Which investment options
would suit my goal?
A.
For a short time frame like 18 months you cannot afford entry or
exit fees or the risk of the market falling. Therefore I suggest
you stick with the on-line high interest bearing accounts offered
by the major lending institutions.