Hey guys,
I heard good things about this forum and wanted to ask for some opinions/advice.
I'm a software developer in my 20's. Very career focussed. Been working full-time for 5 years and making decent money.
At the moment my savings are $50k, which I've split across 2 savings accounts that are making 5.11% and 4.5% interest.
I have no debt and not planning on it either.
My goal is to generate enough yearly interest to allow me to survive (very modestly) either without working, only part-time, or only working 6 months a year, so I can spend more time doing things I enjoy.
I'm very busy so I want any investment to be fairy easy to manage and not consume too much time.
Do you think I could be getting more out of my money by investing in property? Or would I be better off getting a managed fund?
I heard good things about this forum and wanted to ask for some opinions/advice.
I'm a software developer in my 20's. Very career focussed. Been working full-time for 5 years and making decent money.
At the moment my savings are $50k, which I've split across 2 savings accounts that are making 5.11% and 4.5% interest.
I have no debt and not planning on it either.
My goal is to generate enough yearly interest to allow me to survive (very modestly) either without working, only part-time, or only working 6 months a year, so I can spend more time doing things I enjoy.
I'm very busy so I want any investment to be fairy easy to manage and not consume too much time.
Do you think I could be getting more out of my money by investing in property? Or would I be better off getting a managed fund?