Hi all, I'm in investment limbo and would appreciate some opinions… I'm really not sure what to do for the best.
Earlier this year I started reading and generally educating myself in preperation for IP#1. To cut a long-ish story short I lost my professional job and have spent a large part of the year unemployed . Additionally my wife (also a professional) is pregnant and will shortly go on maternity leave for 6-12 months, pending arrival of the little guy mid-november. Sounds dramatic, but we're level-headed and happy! Its been a crazy year...
Obviously IP#1 was shelved… and will be for another year or so until things are straightened out with regard to income (which I'm hoping they will be soon-ish, for me) and we are able to borrow again.
In the meantime we still have maybe $350K equity in our PPoR of which $100K or so is cash which is just sat in an offset account… I would like peoples opinions on what they think I should do with this money in the short term, given that with interest rates quite low it kind of feels like its just sat there, doing nothing special? I've thought about buying some shares but know nothing about this… the wife is sceptical.
On one hands it feels difficult to commit to anything financially at the moment but I also know that if I do nothing, nothing will happen! I don’t want to miss the "recovery boat", if it exists… and we're not getting any younger.
Cheers in advance for your help, Sam
Earlier this year I started reading and generally educating myself in preperation for IP#1. To cut a long-ish story short I lost my professional job and have spent a large part of the year unemployed . Additionally my wife (also a professional) is pregnant and will shortly go on maternity leave for 6-12 months, pending arrival of the little guy mid-november. Sounds dramatic, but we're level-headed and happy! Its been a crazy year...
Obviously IP#1 was shelved… and will be for another year or so until things are straightened out with regard to income (which I'm hoping they will be soon-ish, for me) and we are able to borrow again.
In the meantime we still have maybe $350K equity in our PPoR of which $100K or so is cash which is just sat in an offset account… I would like peoples opinions on what they think I should do with this money in the short term, given that with interest rates quite low it kind of feels like its just sat there, doing nothing special? I've thought about buying some shares but know nothing about this… the wife is sceptical.
On one hands it feels difficult to commit to anything financially at the moment but I also know that if I do nothing, nothing will happen! I don’t want to miss the "recovery boat", if it exists… and we're not getting any younger.
Cheers in advance for your help, Sam