Hi everybody. I just have a question about what we should do as regards our investments over the rest of 2008. My partner and I have had our house for 6 months now and we are doing what normal first home owners do just pay off their loan and work away from week to week.
My question is should we buy another one. Our income is combineed at about $2400 per week after tax man had raped us, and our home loan repayments are $600 per week. We have very few debt apart from a car loan which equates to 250 dollars per month. Our cost of living aint that high. We got about 50000 in equity. We live in south east queensland.
Should we invest giving the current credit crisis? Should we just save our money and wait a year or two till interest rates come down?Should we invest in shares? Anyone who is more experienced in money and investments, their comments would be most appreciated.
My question is should we buy another one. Our income is combineed at about $2400 per week after tax man had raped us, and our home loan repayments are $600 per week. We have very few debt apart from a car loan which equates to 250 dollars per month. Our cost of living aint that high. We got about 50000 in equity. We live in south east queensland.
Should we invest giving the current credit crisis? Should we just save our money and wait a year or two till interest rates come down?Should we invest in shares? Anyone who is more experienced in money and investments, their comments would be most appreciated.