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Investment Strategies
Happy to share my views with you Tyson:
1) Don't invest in anytrhing the Planner doesn't completely understand. Feel free to grill him onthe detail.
2) Don't invest in anything you don't completely understand after the planner has explained it to you.
Many people have permanently lost a lot of money in recent months due to consequences of the global downturn and usually it was due to fancy leveraged credit products or lack of liquidity.
3) Diversify always.
Too many eggs in the one basket is the reason most people suffer wealth creation disasters.
4) Don't pay active funds mangers high fees for index like performance.
5) Understand every layer of fees you are paying.
Fees hurt long term investment returns. Make sure the planner you choose is on your side when it comes to minimising fees.
6) Determine your longer term goals before deciding on the investment strategy
Good luck
Brisbane Financial Planners | Financial Advice | Financial Advisor
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