This is my first post. I have been reading invested website for a while. Information here is very helpful. Now I just need some advices on whether I should put extra money to reduce my mortgages or buying some shares? I've just started out and bought a unit to live. I have been paying mortgages without making any extra repayments for nearly a year. I have split home loans i.e. Fixed 3 years of $160,000 (interest 7.54%) and Variable of $58,500 (current interest rate 8.98%) with offset account where i park all my savings in there. Just wonder whether it would be better to put some of my income for the extra repayment into the mortgages every month or instead save this money to pick up some bargain shares in the future? And if it's better to reduce the mortgages, should I make extra repayment on the fixed or variable loan? The variable loan has higher interest rate but i already have an offset account to help reducing the interests, whereas fixed loan has much higher propotion. I am a bit confused on this. My long term goal is to get more equity in my home to get an investing property in the next 2-3 years when I can afford to. I am such a newbie for investment. Any advices would be thankful. Cheers.