Managed funds, term deposit or something else?

[kingsley]

Hi guys,

I currently have 3k sitting in my saving account doing nothing at all. In addition to this 3k, I will be able to save around 1k per month. Would you suggest me to invest in funds or should I just open a term deposite account? Would there be other better options outside?

Much appreciated for your help, I would value your advices.

Thanks.

 

[skyQuake]

Timeframe?

 

[doctorj]

Kingsley, welcome to ASF.

Australian legislation prevents anybody who is not appropriately accredited from giving specific financial advice.

Please don't let this discourage you from participating in the future.

Thread closed.