Have you ever wondered what the difference is between saving and investing?
If you’re unsure how much of your income you have available to save, it can be a good idea to plan a budget. This will indicate you how much you spend each week or month, and how much you may have left over to save or invest. Our handy budget planner can help you understand your current financial situation and provide the basis for your future saving or investment strategies.
It’s easy to choose to save money, but far more complex to decide on your long-term investment strategy.
You will need to be clear on the differences between the four major asset classes – cash, bonds, property and shares – and between fund managers. You will also need to understand the various risks and returns involved in investing and understand what level of risk you are comfortable with and how this will affect the investments you choose.
The relationship between risk and return is a trade off. Generally, the greater the risk, the greater your possible return. So when it comes to investing, as well as making money there’s a chance you could lose it. Apart from losing money, you can also think of risk as the possibility that your investments don’t achieve sufficient returns for you to meet your financial objectives.
When making plans for the future you need to know what you want to achieve and by when. To get to this point, it’s a good idea to seek professional help. A qualified financial adviser can explain the various options available and provide advice on the most appropriate direction for you.
At Aldus Financial Services Pty Ltd we can help you set goals, establish your priorities and develop an investment strategy suited to your circumstances. We’ll help you build wealth, achieve your objectives and plan for a more secure financial future.
The sooner you put your money to work, the more time it has to grow. Regular investing is the key to stable growth. Even if you start with a modest amount, as long as you keep investing regularly you’ll move steadily to where you want to be.
To find out how we can help you build your wealth through investing, call 08 9472 0089 or email us.
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