I've never invested in the share market but I have been doing some preliminary research into the ASX200.
Given that I had other commitments when the GFC happened I couldn't catch the growth benefits afterwards.
I'm in a different position now and would like to temporarily divert my savings from my current ~2.5% savings account and catch the ASX200 rise then withdraw back into my savings account once the ASX200 reaches it's pre-Covid19 levels (Or close to it).
Could I do the investment myself or would it be better to take an admin fee hit and get an investment firm to do it for me?
I'm curious about the Tax implications (Capital Gains Tax) and ultimately if I'd be better off just sticking with a low interest rate savings account or term deposit.
Any thoughts would be appreciated.