Linda is 45 and had some funds remaining after her divorce. She’s currently renting a home and wants to continue to do so, with a view to buying a property in the next seven to ten years. Linda wanted to know what her options were as far as investing her funds.
We discussed keeping the funds safe in a term deposit; however, Linda was interested in growing them rather than keeping them safe. We considered several options, such as an online trading account. We developed an investment strategy to invest the funds into a low-cost Exchange Traded Fund in line with her risk profile and investment timeframe.