At the end of the day your investments can have a large impact on your financial security, both now and in the future. There is a lot to consider and many different ways to invest.
There are many considerations to take into account with investments. You need to determine which investment structure is optimal for investment – often this will be a blend of structures. For example you might have investments within superannuation as well as outside. Your investment mix is important, what asset classes should you invest in and what percentage should be invested in Australia verses overseas.
When you need the money will also have an impact on your investment mix. Higher growth assets (shares and property) can be volatile in nature and therefore these are more often seen as longer term investments. If you are younger you might have more exposure to growth assets than if you were retired and reliant on your assets for your living costs. Inflation can be a silent threat to investment returns as well.
There are also a number of different ways to physically do the investment. It is wise to seek advice from a professional, the consequences of getting an investment structure wrong can last a lifetime. Please contact us.