In one of my videos, I have mentioned how important it is to go through and what to look for in your superannuation statement. Information in this video is not intended to provide any personal financial advice.
One of the most important reasons why most people have superannuation fund is investments. Picking the right investment option is important.
Typically you either going to be a conservative, moderate, balance, growth or an aggressive investor. Finding your personal investor risk profile and approach may not be easy but it is critical. And I can not stress enough on that.
Let me give you a few suggestions on how to establish your investor profile.
What is your investment timeframe? Are you a short term investor, medium term investor or a long term investor.
How concerned would you be if your investment moves up and down?
During sudden market movements how focus can you remain with your investments?
What investment return are you aiming at plus inflation?
Remember: It is not about timing the market. It is about time in the market.
Establish clear investment goals based on your circumstances. Also consider seeking professional financial either from your superannuation fund or an independent financial adviser.
Comments