Reference no: EM133001490
Question - David is 27 and earns $75,000 per year as a physiotherapist. He is currently has $40,000 saved in the bank and is also saving an additional $650 per month, with the aim of reaching $55,000 to use as a deposit on a rental property in the next 2 years. David advises you that this goal is really important to him and he wants to make sure this is achieved within the next 2 years, so he doesn't want to take any unnecessary risk with these funds, unless he really has too.
Based on the information above, what is likely to be the best way for David to save the additional $15,000 he needs for his house deposit?
A. Invest in his superannuation fund to save tax
B. Invest in a portfolio of large Australian shares such as the Commonwealth Bank, Rio Tinto etc
C. Invest in safe, secure assets such as a high interest savings account or a term deposit
D. Invest in line with his risk profile, e.g. a growth managed fund
E. Invest in property funds, seeing as he wants to use his savings to purchase a property
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