Investing Is Like Reading At First You Have To Learn The Basics

Savings accounts are perfect for beginners, George Cochrane writes.

Return, But Still No Deposit

After six years working in London, Fiona and Martin Davies returned to Australia determined to start saving. The couple, both aged 31, have managed to stash about $25,000 in high interest savings accounts in the past 18 months. Their goal? To buy a $500,000 home in Sydney's inner west at about the same time as they start a family. "Ideally we'd like a rundown terrace house, but we're not sure if that will be in our reach," says Fiona.