"Investing means parking your money for a longer timeframe and...

"Investing means parking your money for a longer timeframe and aiming to make a gain. No risk, put it in the bank and earn interest."


I do not think putting money in the bank in term deposits is a way ahead. At best you are standing still or going slowly backwards.

Going rate for term deposits is around 6%.

So if you if you manage to save 10k and put it down for a year at 6%, you will get $600 in interest.
Taxman will know ask for his cut.

Now i would argue that in order to be able to save 10k K you will need to be in 30c tax bracket, unless you are very thrifty or just won lottery.

So the tax man will take $180 leaving you with $420.

Now the inflation specter raises its ugly head, at 4% it creams $400 of your windfall, leaving you with princely sum of $20 net profit.

Do not spend it all at once, savor your investment gains LOL.

I'd say that one needs to take some risks and go for bigger gains or just give the game up and go on old age pension.

Term deposits are for mugs. You are better of spending the money and enjoying life.

If you profits or returns do not have at lest two significant digits, they are not worth doing IMO.