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Jonathan is 28 and earns $70,000 per year as a mechanic. He is currently has $36,000 saved in the bank and is also saving an

Jonathan is 28 and earns $70,000 per year as a mechanic. He is currently has $36,000 saved in the bank and is also saving an additional $600 per month, with the aim of reaching $50,000 to use as a deposit on a rental property in the next 2 years. Jonathan 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.

You complete a risk profile questionnaire with Jonathan and determine that he generally has a high tolerance to risk.

Based on the information above, what is likely to be the best way for Jonathan to save the additional $14,000 he needs for his house deposit?

a) Invest in line with his risk profile, e.g. a high growth managed fund

b) Invest in his superannuation fund to save tax

c) Invest in a portfolio of large Australian shares such as the Commonwealth Bank, Rio Tinto etc

d)Invest in safe, secure assets such as a high interest savings account or a term deposit

e) Invest in property funds, seeing as he wants to use his savings to purchase a property

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