Hi DealDude, I will admit that stocks and shares aren't something I know a lot about, when I was in a position to be saving, currently paying as much off a mortgage while interest rates are low and only have put enough away for emergencies.
My share and stock purchasing in the past I'd put 1 month of savings into cash, then the following into mixed investment products from: Colonial First State: Superannuation, investment and retirement products - Investment products: FirstChoice Investments and Cash Management Trusts :: Colonial First State
Other than that I purchased a few tech shares that I knew would do well in the near future and purchased a small amount of Fosters shares in December 2001 to get dividends when interest rates were down to 4.25% and the share market wasn't performing very well, I thought it was a pretty safe bet. I got some decent dividends and when the time for sale came around I got my full investment back and about 10%, plus the dividends over the years. Guess it all depends on share prices of the companies you're looking at.
Hopefully other members may be able to help.