looking to buy a property, need strategies

[phoenix007]

hey everyone, i've currently got funds into various items such as

1) cash from interest checking account (2.5%)

2) canada savings bonds

3) stocks

4) loans to parents (personal agreements, they didn't have to pay me back because they are family but they are paying me 5% interest)

5) X

my plan is to own a house over a 10 year period. I'm not sure where X should go I have been thinking about mutual funds and GIC'S, but not really too sure what to do... a property is a huge investment and a down payment is going to be a lot, i'm looking at a condo and not a house simply because when I move out of my parents house I don't want to do the lawn mowing, snow shoveling, etc... i could probably invest about 5 - 7k, still need funds for the remainder of tuition :(

[William W]

hey everyone, i've currently got funds into various items such as

1) cash from interest checking account (2.5%)

2) canada savings bonds

3) stocks

4) loans to parents (personal agreements, they didn't have to pay me back because they are family but they are paying me 5% interest)

5) X

my plan is to own a house over a 10 year period. I'm not sure where X should go I have been thinking about mutual funds and GIC'S, but not really too sure what to do... a property is a huge investment and a down payment is going to be a lot, i'm looking at a condo and not a house simply because when I move out of my parents house I don't want to do the lawn mowing, snow shoveling, etc... i could probably invest about 5 - 7k, still need funds for the remainder of tuition :(

Personally, if your parents need the money, I think you should be helping them out.

In terms of the other investment options, I will probably look into Mutual Funds that have a solid track record.

[phoenix007]

I had agreed to help them out and should have mentioned that they didn't need to pay me back but they insisted.., but any way I think mutual funds might be the way to go as you suggested.