You’re Telling me NOT to Invest in the Stock Market?

Scott,
 
I’m 50 years old and confused. You recently said: “Don’t save up a deposit in the share market; instead park that money in an online saver or term deposit”. But isn’t the point of investing in shares that you can have the financial freedom to do what you want, like buy a dream house?
 
Barry

Hi Barry,

How would you feel if after years of saving you found your dream home to buy … and that same day the share market fell and wiped out 25% of your deposit savings?
 
You’d be pretty bummed, I’d reckon.
 
I’m not saying that’s going to happen to you, but I am saying that it’s happened at least once before.
 
That’s why the Barefoot Steps are very clear: until you own a home, the majority of your long-term investments should be via your super. In other words, save for your deposit in a high-interest online saver or a term deposit – not in shares.

Scott.