I would agree with Joe Soap above that if you are if university, you are unlikely to have enough time to build enough capital in the equity markets to provide a decent house deposit by the time you graduate. You did not say how old you are, but I am guessing that you are relatively young - 20s?? - if so you can afford to take a long term view and be patient for a few years regarding the deposit. There is some degree of consensus that the world is fundamentally changing. The established west is in debt while the some of the emerging economies have not only largely avoided this problem but also have better demographics. (In the west many countries now have an ageing population). My main professional interest is in chaos and complexity science as it applies to social and economic change. If you are an economics student, you may be familiar with the work of Niall Fergusson, Eric Beinhocker and possibly even Benoir Mandelbrot. Some evolutionary economists are informed by complexity science which suggest that after periods of chaos (such as we have seen) a new order emerges. In my view, markets are driven as much by 'irrational exuberance' and irrational fear as they are by fact, but if you agree with the assessment that the economic power house is shifting, that this is part of the new economic order that is emerging in the wake of the financial crash, then at your age you have time to build a portfolio that reflects this emerence. If I were your age, I would bias my portfolio towards the emerging markets and add a good recovery fund (personally I like the Tom Dobell M&G fund, but please do not take this as a recommendation) and hopefully I would be patient enough to wait for a few years to buy the house. Let me re-iterate, I have offered you my personal opinion. I am not a financial advisor and am not attempting to offer any financial advice. I wish you every success both in your studies and your investing.