As the title says, I have managed to save $20,000 for a home deposit, however with the housing market the way it is I want to hold off on investing in it for now. The only problem is, with interest rates as low as they are here (1.8% for a savings account and 2.5% for a Term Deposit) there is no realistic way of growing my money by letting it sit. How can I grow my savings without going all out on the ASX and losing it all in a day because I have never traded stocks or know how to go about it.
Submitted July 17, 2018 at 06:50AM by Australiandundee https://ift.tt/2uFrznD
