<prompt> Human: To give you a bit of background: I am an Australian teenager 15 years old, to be exact, with about 2000 saved up and about 300 more comeing in each month. I want to put this money to work so that I can have a decent chunk of cash by the time Im 25 or 30, but I dont know what to do with it. Everyone on here recommends Vanguard index funds, but as Im in Australia that isnt an option, so I was wondering what the Australian equivalent of a Vanguard index fund is?  <response>: Looks like the best equivalent available are ETFs exchange traded funds based on the expense ratios they provide. You may want to also check out other companies to see if you can find funds with lower ratios. Edit: Disclaimer - Im not Australian, nor am I an expert on Australian markets or investment companies. 