Hi, I’ve been considering my options and started studying investing on the internet for a couple of weeks now. This forum seems full of friendly and knowledgeable people so I thought I would ask for some verification/sanity check of my current investment thoughts. What Happened? A few years ago, I quit my full time job and for a few years and on and off alternated between tourism and contracting (always working in Australia). I ended up selling my house and leaving the money in a high interest bank account. Not the best investment decision, but I guess I was having an early mid-life crisis and wasn’t sure of my long term goals. On the side I was trying some ideas to make money on my own, but so far these haven’t made me any money of note. Current Situation I am currently single and 30, so a long way off retiring. I still want to travel, work contracts and tinker with my money making ideas. I may even consider other types of work as I seem to be lacking some enthusiasm in my current field. I also want to get some kind of investment plan happening within my lifestyle choices. I have about 110k in the bank. I have leant money to a friend for a car and get monthly payments at personal loan rates, but they can refinance this if I want the money. I have most toys and things I want and don’t have an overly expensive lifestyle, so my monthly outlay is not that high. Investment Ideas My current thinking is that I don’t really want to be stuck with a house and mortgage given my current attitude to work and possibly wanting to relocate for a change of lifestyle. With the housing market climbing fast the last few years I figure I should be diversifying in other areas of investment. I could possibly invest in housing with family though. Getting interest in the bank is not very tax effective and not very good long term with inflation and all. Shares sound tax effective and a good idea over the long term. I am considering that instead of buying property, I can get my exposure to property through funds, as well as other sectors. Owning property does seem nice for equity reasons though. Initially I figure I should stay away from gearing and start investing money into funds either through a fee for service financial advisor or investsmart.com.au and their Trailcap. Perhaps staggering up to 100k, leaving me with around 10k in a high interest account for emergencies/spending depending on my work/travel commitments at the time. From my reading, it seems that indexed funds are a good option. They have low fees and often outperform actively managed funds (although I read this is not so much the case in Australia). I plan to spread my money across different sectors of indexed funds or other funds if they seem a better investment. I would try for a wide spread, but higher percentages in lower performing sectors initially seems to be a good idea from my reading, as you get more units and hopefully in the longer term these will start having their higher return cycle. Further investments would then be favoured towards sectors that appear near the end of their downtrend, but still maintaining a diverse portfolio. Indexed funds seem to have the advantage that there is also no high stock knowledge or monitoring required on my part. Given my somewhat unstable lifestyle path, does this investment path seem sensible, or can anyone suggest other options I should also be considering/studying? Thanks for any help.