OK, so here's a bit personal & financial background
Cash at bank: $90k
Funds invested in stock marker : $22k
Annual income : $90k ( pre tax)
Debt: $0 ( have a couple of credit cards but pay off full balance every month)
property : None
I have been slowly saving some money and placed them into term deposit over the years. Until last year I realized the interest rate is so low that I'd better off do something else. I have also been thinking about buying my first property in Sydney but with the limited cash, I can probably only manage to pay 20% deposit + stamp duty for 1 bedroom unit in the suburb I'm interested. And that's how I came to think about investing my cash into the stock market & etc. Since April this year, I've opened an account with Interactive brokers & started "investing" in the US stock market. I've gradually added cash to about $22000 AUD and as I type the post, the realized + unrealized P/L is about 10%. I'm sure there's some better way to invest the rest of my cash. Recently I've been looking at the options of investing in ETFs but couldn't make up the mind which one to choose. I guess my target is to gradually increase my cash by saving + investing and hopefully in 2 - 3 years' time, I'll be able to have the sufficient funds for my first property.
Any recommendation is welcome. Thank you for your time reading the post.