Invest

stumbled into the possibility of taking a share of the house I’m living in – so putting off buying a car for a few months to plough some money in to this house deal. I have to be a bit smart to get into this with good conditions and risks so I can get out relatively soon with a reasonable profit, and not have it just become a big albatross. I should be able to save at the same rate and soon have enough to start investing in more things – starting easy with index funds, and moving on to shares &c later.

Blah. Savings plateaued. The plan was to ratchet up by shifting savings to a term account $5000 at a time as I save, but after the first $5000 I hit lots of expenses – some of them a bit frivolous. Time to start calling in the cash: sell stuff, cut down on expenses and claim what I’m owed to get things moving again.

Term deposits look pretty good at the moment as a hassle-free way to get a bit of interest on savings, whereas buying a house would be a very bad idea right now. According to my back-of-envelope, renting and putting savings into a term deposit would grow my savings much faster and more reliably than buying a house. Once I’ve got a bit of cash accumulating nice safe interest, I’ll look at more risky things to invest in.