Hi all,
Currently I have about 30k sitting in a savings account doing nothing but earning a meagre 4% interest....
Obviously the whole point of investing is to make sure my money is working hard for me. But 4% is pretty bad. Is there a better use or better place the money can be placed to earn a better return in the immediate short term until I find a suitable investment property (I don't think I'll have enough time to learn about share trading and don't want to put any of it in shares in case, come settlement time, I would have to liquidate at the best price - and it might have gone down - if bad part of the cycle...)
Any suggestions would be good.
Currently I have about 30k sitting in a savings account doing nothing but earning a meagre 4% interest....
Obviously the whole point of investing is to make sure my money is working hard for me. But 4% is pretty bad. Is there a better use or better place the money can be placed to earn a better return in the immediate short term until I find a suitable investment property (I don't think I'll have enough time to learn about share trading and don't want to put any of it in shares in case, come settlement time, I would have to liquidate at the best price - and it might have gone down - if bad part of the cycle...)
Any suggestions would be good.