S3E8 Investing

My Happy Money Journey with Phoebe Blamey

Today, we’re unpacking the risks and rewards of investing. and I will give you four key factors for you to consider.

Let’s start by saying most of you are already investors. If you’ve got superannuation, you’re in the game! But like many, I had a set and forget attitude toward my super. Over time, I’ve realised how that approach can massively impact our retirement plans—and not in a good way.

We are lucky to be able to use our own super as a launch pad for investment strategy. So, look at your balance, the type of investments you’re holding, any fees you’re paying, and how your investments are performing. Finally the time line to access!

Investing outside of super gives you control and access to your investments.

Here is the website to compare your fund:

https://www.ato.gov.au/calculators-and-tools/super-yoursuper-comparison-tool

That makes it easier to explore four essential considerations for investing:

Your Risk Profile: What’s your comfort level with risk? Knowing this helps guide your choices.

Investment Options: What are you investing in, and does it align with your goals?

Timeframe: How long do you plan to hold your investments? This can influence your strategy.

Costs: Know the fees, taxes, and other costs that can eat into your returns.

There are risks to any investment. The more you understand the easier it is to make a choice that lines up with your needs.

This podcast is intended to be general in nature and is not personal financial product advice. It does not take into account your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. In particular, you should seek independent financial advice and read the relevant product disclosure statement (PDS) or other offer document prior to making an investment decision in relation to a financial product (including a decision about whether to acquire or continue to hold).