The key to financial freedom is starting young
April 6, 2018
Are you (or your children) young, just starting out, want to get in early and start investing, but don’t have a lot of money?
No problem…
With our Smart Savers Plan, establishing an investment can start with as little as $1,000.
Once you take the first step to contact us, the rest is easy.
Whether your long-term goal is to save and invest for a house deposit, an overseas trip or your ultimate retirement and financial freedom, starting young and investing regularly is the answer.
By implementing a regular investment plan, you will be able to take advantage of ‘dollar cost averaging’. When you invest a set amount at regular intervals, sometimes you will purchase units or shares at a higher price, and sometimes at a lower price.
Over time, this spreads out your costs and averages the value of the assets you are purchasing.
Here are the facts:
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Investing in managed funds can provide you with long-term growth in a diversified environment which reduces the volatility.
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Compounding is when you earn interest on your interest. The more you have, the more it will continue to increase.
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Investing builds wealth over time. If you need the money now or even in the next 3 years, then investing is not for you.
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Property is only one asset class and it does not consistently outperform Australian and International Shares.
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Checking your investments constantly and reacting to what you hear in the news is not a sound, long-term investment strategy.
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When you buy direct shares, you are purchasing a tiny bit of an actual company. What do you actually know about their objectives and strategies? Diversification across a number of shares via a managed fund will provide significantly less volatility than one individual stock.
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Your investment value will go up. And down. The market will not always move as predicted and history will not dictate the future. The only consistency in investment is the concept of investing for the long term.
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Investing is not free. There are fees for both advice and investment services. However, we provide transparent disclosure before you invest and you may also be eligible for a tax deduction depending on your circumstances.
When it comes to building your nest egg, time is your greatest asset. Our financial advisers have the skills and experience to help you, and your children, get started now to prepare for a financially-sound future.
