I'm in Australia, and I've got 3 options I'm aware of with regards to money for investing.
1. Put money into my super account. As per Australian law, my employer puts an amount equivalent to 9.5% of my income into this, which grows without taxes. Also by law, I cannot touch this unless I'm in a terrible, terrible mess, or I'm 65, which is decades away. There is a limit on how much I can add. Not sure what it is.
2. Start buying indexed exchange traded funds or an indexed mutual fund account.
3. Put money, up to $11k, in my and my partner's first home saver accounts (FHSA). These earn a 17% extra contribution, and about 4% interest rate. This can be used for our first house, or rolled into super.
Given that info... We are 24 years old, have $40k in our FHSA's, houses in Perth are about $500k and we're thinking of buying within 2 years. So far, I think we should put all we can into our FHSA's, but this doesn't provide us with much diversity. I think we have $20k in our super funds in total, and we have another $20k in cash put aside as emergency money/new car etc. Thoughts? Also if anyone has any ideas about making the most of super in Australia given I plan to attempt to quit work well before 60 (vague goal at the moment is 40).