Hey everyone, just discovered this forum and it looks like exactly the kind of thing I've been looking for for a while I'm looking for some general advice about my situation: - I'm single and debt-free - basically I have about $100,000 in savings, the entirety of which currently resides in a Ubank account (earning 5.61%) - currently live at home but will be moving out (renting) in January... which will impact my ability to keep saving a bit, but I will be saving every cent I possibly can (and I'll still be earning enough over & above the cost of rent etc. to allow me to keep saving quite a lot) - self-employed, and the general outlook in terms of income is quite good for the next few years at least... no major capital expenditures will be necessary on the horizon, and I'm scrupulously keeping records of tax deductions to minimise tax as much as possible (including home office stuff for working from home when I move out) So that's my situation... my question is, I'm scratching my head as to the best thing to do with my money & plan my next few years in a financial sense... the options seem to be: - buy a house - I'm not really ready to do this right now, but in 1 or 2 years I probably will be... - managed fund - I've been wary of this given the volatility of the market recently but it seems to be less volatile atm... but from what I can gather, this isn't a worthwhile investment unless you're willing to tie your money up for 5 or so years (or more), which I'm not really too keen on, considering that buying a house in 1-2 years is kind of on my mind - something else I'm not aware of? I have an accountant, which does some in-house financial planning, and their opinion was it's probably wise to keep the money in Ubank rather than tie it up in a fund, seeing as I'm thinking I might want to buy a house in 1 or 2 years' time, otherwise a fund would be the best option... What do you guys think? Am I silly for keeping it in Ubank when I could be putting it into a managed fund? I'm not really willing to go for anything too high-risk - I'm certainly more afraid of losing it than I am keen to get a massive return... but I ultimately, I spose my question is, is there something better/smarter I could be doing with my money than what I currently am?