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What is likely to be the best way for david to sav

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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.

Problem 1: 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

Reference no: EM132908805

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