Money magazine Comments - Ask Paul: I'm 19, should I invest in ETFs to save up a house deposit?

Comment by Concerned Citizen ()

Concerned Citizen () — Thu, 21 Oct 2021 15:37:37 +1100

This is not good advice.

OP has clearly stated that their investment timeline

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Comment by AJ Lowe ()

AJ Lowe () — Thu, 21 Oct 2021 20:22:56 +1100

Paul,

This advice is just terrible.

I love ETFs, don't get me wrong.

But, if I were looking to use the proceeds to buy a house (or anything else) within four years like this reader I wouldn't expose those savings to equity markets. Sure, this might pay off big time, but might also suck as an investment if markets fall.

Four years is just too short a time frame for many ETFs.

Despite terrible interest rates, a cash account or term deposit is a much better alternative for such a short time frame.

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Comment by Peter A ()

Peter A () — Thu, 21 Oct 2021 23:01:01 +1100

Fuck me mate, sure chuck your house deposit in the market and hope it doesn't drop by 20% right before you want to buy. Also go nuts with the free money on plastic, it'll help you form great money habits.

Guess we know who's paying for the ads at least.

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Comment by Rollo Tomasi ()

Rollo Tomasi () — Sun, 07 Nov 2021 10:31:20 +1100

Mackenzie,

The best time to get into property market is yesterday. Don't wait another 4 years, get in now.

Interest rates only going north. Lock a low rate in now.

You can't save quicker than prices are going up. Get in.

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