Bit of background on me.
I'm 22 and live in Auckland, New Zealand. I've graduated my 3 year degree at university and have been working for around 1.5 years. Managing so save up roughly $20,000, which are currently in term deposits. I flat in a house with other young people and manage to save roughly 1/4 of my take home pay of $150 per week.
I have a $30,000 student loan which is interest free.
I have a long term partner/girlfriend who is 23. She doesn't live with me, but she is just down the road.
I have a few different options...
- One is to keep my money in term deposits.
- Two is to put some money into the NZX or ASX in 1-3 well established companies and watch them well.
-Three is to buy a joint home with my partner.
- Four is to buy a rental property.
Option 1-2 allows me to travel overseas and do an OE which I would like to do in roughly 3 years time. Where as option 3-4 would put a few restrictions on that one.
The dilemma I have it that my savings aren't earning great interest here in New Zealand, and house prices are really expensive in Auckland where I live. Stocks seem to be at an all time high since the GFC, the exchange rate for AUS/NZ isn't favourable for investing in the ASX from here. Also not nothing is jumping out at me as a great buy.
Appreciate the help. (especially from anyone who has been though a similar situation)