Hello fellow bargainers,
I am not very smart with money and investing so require some feedback from you guys on this. I am 30 and making 90k a year and wife makes about 15-20K and have just bought my first house. I have 5K in savings and 50K in equity @ 3.89% fixed for 2 years in the offset account. We have 1 toddler and paid off cars. I have just read the barefeet investor and the thought of investing has popped up in my mind. I plan to invest the 5K I have in ARGO and AFIC, but the question I want to ask is that does it make sense using up my equity to purchase shares in an index fund or should I instead concentrate my efforts on paying off the house? I intend to invest for at least 10 years and keep topping up with whatever I can.