Hi all,
I don't have a financial background but would like to start putting some discretionary income to better use and was wondering what is the general consensus on the best place to put it.
I have 5000 capital and about 1200 per month thereafter to put somewhere. I have an emergency fund set aside so would be quiet happy to leave the money invested for 5 - 10 yrs. I have a decent salary and can live quiet comfortably without this 1200pm, I am 30, have no dependencies, no car & no mortgage.
I really hate having the extra money readily available as it inevitable gets waisted each month and most savings accounts that I've looked at barely beat inflation.
I understand that a sound option for me would be to save for a mortgage, however at the rate at which I can save it would take at least 2 years before I'd have a deposit for a semi-decent house, and i'd like to think there are better options than leaving my cash in a low interest savings acc for the 2+ years.
I'd really appreciate some opinions as to the best place to put this: save for property? stocks? bonds? national stocks? U.S? ETFs?
I don't have a financial background but would like to start putting some discretionary income to better use and was wondering what is the general consensus on the best place to put it.
I have 5000 capital and about 1200 per month thereafter to put somewhere. I have an emergency fund set aside so would be quiet happy to leave the money invested for 5 - 10 yrs. I have a decent salary and can live quiet comfortably without this 1200pm, I am 30, have no dependencies, no car & no mortgage.
I really hate having the extra money readily available as it inevitable gets waisted each month and most savings accounts that I've looked at barely beat inflation.
I understand that a sound option for me would be to save for a mortgage, however at the rate at which I can save it would take at least 2 years before I'd have a deposit for a semi-decent house, and i'd like to think there are better options than leaving my cash in a low interest savings acc for the 2+ years.
I'd really appreciate some opinions as to the best place to put this: save for property? stocks? bonds? national stocks? U.S? ETFs?