For simple investment with strong returns the stockmarket is hard to beat over the long term. Perhaps a managed fund (group of stocks managed by professional investment managers) or an index fund (eg. ASX 200 can be invested in as a total). Comsec may waive or reduce the standard commissions and/or entry fees on managed funds. Pick a fund or…[Read more]

Liked your video Joel. Well done. Very inspiring.

Hi Rafael,Great to see you are getting a good rate of interest and have automated your saving plan. I like your plan so far because it appears you may be able to achieve a 20% deposit (saves mortgage insurance cost and less repayments). Keep considering alternative scenarios and then do the sums on each. For example if you bought a 300k bomb in a…[Read more]

Do the maths very carefully Rafael. Your first priority is your family and being short of cash adds tremendous pressure and can lead to a financial loss (if you aren't able to pay your repayments the property will be sold by the mortgagee and you may get back much less than your contribution due to selling costs etc.).  Property investing is a g…[Read more]

My guess is that prices will rise and so will interest rates. Hopefully your knowledge and skill will also grow and will save or make you much more than jumping in unprepared and making a costly mistake (I have made these).  Good luck mate.

Hi I,1. Learn about investing until you fully understand the risks, costs and rewards before you begin. Reading a few books is a good start (you will pick up a lot more information than just asking the odd question).2. Just when you think you know enough get expert advice. Seek out a mentor (who has successfully invested before) and/or an…[Read more]

Hi Rafael,1. Don't be in a hurry. Learn as much about the property market as you can before making a decision. Learn how to find historical growth (and potential future growth estimates if possible) for the areas you may want to live in. Different areas grow at different rates for different reasons.2. Understand the maths (Steve has taught us how…[Read more]