Even though your financial strategy should be for the long term, there are things you can do each day to help you achieve your goals sooner. Here’s #3:
A long-term investment strategy is the best way to build wealth for the future. The longer you have to invest, the more time you have to ride out any dips in the market that could otherwise put a dent in your returns. That’s why it’s a good idea to build your investment portfolio as soon as possible – your future self will thank you.
If your investment goal is still quite a way off, you might want to invest in high-growth assets that will potentially give you higher returns over time.
A simple way to take charge of your investments today is to take a look at how your super is currently invested. If you’re using your super fund’s default investment mix, it may not be the best option for you. Instead, you might want to make some adjustments so that your investments are more in line with your stage of life and your future income needs.
If you’re in doubt, ask your financial adviser to create an investment strategy that will allow you to achieve all your lifestyle goals.
Matthew Wood, Senior Wealth Advisor and Director, can assist you with getting back in control of your investments today!
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Disclaimer: This article has been prepared by Count Financial Limited ABN 19 001 974 625, AFSL 227232, (Count) a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.
Information in this article is based on current regulatory requirements and laws, which may be subject to change. While care has been taken in the preparation of this document, no liability is accepted by Count, its related entities, agents and employees for any loss arising from reliance on this document.
This document contains general advice. It does not take account of your individual objectives, financial situation or needs. You should consider talking to a financial adviser before making a financial decision.