Investing Outside Of Superannuation

There is a big misconception that Financial Planning is all about long-term superannuation and retirement planning. It is true we spend a lot of time in these areas.

But, what about people with short to medium-term needs such as, saving for their children’s education expenses or saving for a holiday?

What about people who inherit money but don’t want to lock it away in superannuation?

What about people who specifically need more income or capital growth, or are concerned about paying tax on their investments?

Or what about people who have specific estate planning needs such as blended families, or need added certainty in how their wealth is transferred to their beneficiaries?

At Lifelong Financial Solutions we tailor advice to suit our client’s specific needs: short, medium and long term, income generating, growth focused, tax -effective, etc. Whatever your goals are, we have a vast suite of investments, both inside and outside superannuation, to match those needs.

Don’t put all of your eggs in the one basket – the importance of diversification

Smart investing begins with understanding your goal or reason for investing. The importance of your goal and, the timeframe, often determines the risk you are prepared to take. For example, if you are saving to buy a house, would you invest all of your savings in a volatile share market? Of course not.

On the other hand, if you place all of your savings in a bank account, you will not get much return on your money. Over time, your money will not keep pace with inflation.

The solution is to diversify your investments. Diversification means spreading your money across different asset classes such as cash, fixed interest, shares and property.

Diversification protects you against market risk as you are not solely dependent on the performance of one asset class. Investment markets move in different directions at different stages. So, by having your money diversified, you are likely to achieve greater consistency with less severe volatility.

Get advice

It is best to seek the advice of a qualified financial planner who can help you define your needs and provide appropriate advice.

At Lifelong Financial Solutions we will assist you create and implement a tailor-made investment strategy that is based on your own personal needs and objectives.

Lifelong Financial Solutions P/L  ABN 94 615 510 640  is a Corporate Authorised Representative of Lifelong AFSL P/L ABN 18 169 472 502

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