Q & A

With $75,000 cash savings to invest, John will find an ...

Offset account is safe but shares should do better

Q I own my Melbourne home, which is valued at $875,000 with a $563,000 debt.

I also jointly own an investment property in Melbourne, with my share valued at $540,000 and an interest-only debt of $402,000. I am 37, single and earn $130,000pa with no personal debt. I am paying down my home loan by about $10,000 each year and am saving a net $19,000 each year. My super balance is $157,000 and I have $93,000 in cash. My question is: what would be the best thing to do with the cash savings in my current situation. I am considering spending $18,000 to buy CSL shares but I would like to know what to do with the remaining $75,000?

I have a soft spot for CSL shares. My dad was a doctor and he could see the importance of blood plasma and inoculation, so bought CSL shares at the original float, I think for 20¢. I bought some decades ago, but not at 20¢, sadly! CSL remains a first-class business and