<prompt> Human: As the title says, I have managed to save 20,000 for a home deposit, however with the housing market the way it is I want to hold off on investing in it for now. The only problem is, with interest rates as low as they are here 1.8 for a savings account and 2.5 for a Term Deposit there is no realistic way of growing my money by letting it sit. How can I grow my savings without going all out on the ASX and losing it all in a day because I have never traded stocks or know how to go about it.  <response>: You are getting an ass-load of comments that give different guidance. The real solution is to get educated and read one of the many books recommended on rinvesting for beginners. Or, start by looking at their FAQ It literally presents your scenario. Your best path to take is to: get educated, understand your timeline to life goals, qualitatively assess your risk, choose a safe path to invest in. 