How should I invest?
Q.
I am a 30 year old woman earning $69,000 a year. I have about
$35,000 saved in a high-interest bank account and continue to save
about $500 a fortnight. I am in a relationship and my partner owns
a house but my circumstances mean I cannot assume the relationship
will continue. Could you advise how I could invest my money wisely
at this point?
A.
If the timeframe is relatively short, you should stick with the
online interest bearing accounts offered by the major banks. But,
if you can take a five to ten year view, it may be worthwhile
talking to an adviser about investing in quality shares, while the
market is down. Of course if you do this you should be prepared to
leave your money untouched for several years.